Upstream

OPEC+ Extends 2.2 Million bpd Voluntary Cuts Through End of 2026 in Bid to Defend Prices

Riyadh and Moscow led an OPEC+ decision to roll voluntary cuts of 2.2 million bpd into late 2026, signaling discipline as US shale and non-OPEC supply keep markets well stocked.

Permian Basin Productivity Surge: Record Output Despite Falling Rig Count Stuns Analysts

West Texas operators are pumping more oil with fewer rigs than ever, as longer laterals, AI-driven completions, and consolidation push Permian output past 6.6 million bpd.

Petrobras Crosses 2.5 Million bpd From Pre-Salt Fields, Cementing Brazil as Top-Five Producer

Brazil's pre-salt complex now delivers more than 2.5 million bpd, a milestone driven by Buzios, Mero, and Tupi that propels Petrobras into the upper tier of global oil suppliers.