China's capacity to store oil and history of buying discounted supplies could help Moscow offset an EU embargo. China has at least 83 million barrels of spare inventory capacity that could be filled ...

Kuwait has set out a long-term plan to lift crude oil production capacity to 4 million barrels per day by 2035, up from about 3 million bpd at present, signalling a renewed push to secure upstream ...

OPEC 12 output decreased by 135 kb/d with the largest increases from Iraq (38 kb/d), UAE (14 kb/d), and Saudi Arabia (13 kb/d). Read more here.

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The oil market is quickly realizing that many OPEC producers may not have ...

Abu Dhabi National Oil Company (Adnoc) has increased its oil production capacity to 4.85 million barrels per day, up from the previous 4.65 million bpd level, the Emirati state giant has confirmed.