Output
Opec August output falls to lowest since January on Libya, survey finds
OPEC oil output fell in August to its lowest since January, a Reuters survey found on Monday (Sep 2), as unrest that disrupted Libyan supply added to the impact...
Opec+ likely to proceed with planned output hike from October, sources say
The loss of Libyan output tightens the market and hopes build that the US Federal Reserve will cut interest rates in mid-SeptemberOpec+ is set to proceed with a planned...
Massive fires to hurt sugar output in top supplier Brazil
An unprecedented outbreak of fires that hit sugar cane fields in the world’s top exporter Brazil over the weekend is set to impact global supply of sweetener and elevate...
Indonesian palm oil output set to fall on dry weather, old trees
THE outlook for Indonesia’s palm oil harvest has dimmed as dry weather and ageing trees crimp production in the world’s top grower, which will likely tighten global supply and...
Oil climbs 3% as Libya output cuts further supply concerns
OIL prices settled 3 per cent higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.Brent crude futures...
Sinopec’s 1H profit up 2.6% on record output despite slumping product demand
China’s Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday (Aug 25), as record oil and gas...
Saudi Aramco’s second-quarter profit slips 3% on lower crude output
OIL giant Saudi Aramco on Tuesday (Aug 6) reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins.
Aramco posted second-quarter net income...
Freeport LNG nears end of expansion that will increase output
United States liquefied natural gas (LNG) developer Freeport LNG expects to increase production beyond its 15.3 million metric tonne per annum (MTPA) capacity as it wraps up an expansion...
