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A service for energy industry professionals · Monday, June 2, 2025 · 818,144,048 Articles · 3+ Million Readers
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  • Published on June 1, 2025 - 11:08 GMT

    Venezuela Maintains Strong Oil Output Despite U.S. Licenses Revocations

    (MENAFN) Venezuelan Vice President Delcy Rodriguez declared on Thursday that the recent U.S. move to revoke licenses granted to foreign companies operating in Venezuela has not disrupted the country’s oil production. Despite the U.S. Department of the …

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  • Published on June 1, 2025 - 11:08 GMT

    OPEC+ Ramps Up Oil Output by 411,000 BPD in July

    (MENAFN) On Saturday, the Organization of the Petroleum Exporting Countries (OPEC) and its allied producers, collectively called OPEC+, revealed plans to ramp up oil production by 411,000 barrels per day (bpd) starting in July. This decision was reached …

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