Monday, September 8, 2025
OPEC oil output rises more on Libya restart, Iraq - Reuters survey- oil and gas 360

OPEC oil output rises more on Libya restart, Iraq – Reuters survey

Reuters LONDON – OPEC oil output has risen for a fourth month in October, a Reuters survey found, as a restart of more Libyan installations and higher Iraqi exports offset full adherence by other members to an OPEC-led supply cut deal. The 13-member Organization of the Petroleum Exporting Countries has pumped 24.59 million barrels per day (bpd) on average in

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 9 this week, at 296

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 296 rigs. Canada had an increase of 3 over last week, resulting in a total Canadian count of 86 rigs. Breakdown by region Of the regions tracked by Baker Hughes, 3 regions, the

Chevron, Exxon shrink spending as coronavirus cuts demand- oil and gas 360

Chevron, Exxon shrink spending as coronavirus cuts demand

Reuters U.S. oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit. Exxon posted its third straight quarter of losses on Friday and reduced spending plans for the coming year. In common with others in