Saturday, February 22, 2025
World’s Daily Crude Oil Production Up to 75.8 Million Barrels in 2018 while OPEC Output Dips Oil & Gas 360

OPEC Production Drops to Three-Year Low

Saudi Arabia, Venezuela, Iraq show largest monthly drops By Richard Rostad, analyst, Oil & Gas 360 OPEC production fell sharply in March, as several countries reported sharp declines in production according to the cartel’s Monthly Oil Market Report. Total OPEC output fell by 534 MBOPD in March, the fifth decline in a row. OPEC output dropped to 30,022 MBOPD, the

With an Eye on Trump, Refiners Tout Clean Fuel Rule as U.S. Win

From Bloomberg U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push. Under the new rules, many shippers will switch to low-sulfur fuels, boosting competition and, potentially, increasing the price of diesel, jet fuel and heating oil. The