oil production

EIA: Global Liquid Fuel Production to Fall to 101.09 Million Barrels per Day in 2026

The EIA expects global oil and other liquid fuel production to decline by 5.2 million barrels per day in 2026 to 101.09 million barrels. In 2027, output is projected to rise to 109.55 million barrels per day.

SOCAR Conducts First 3D OBN Seismic Survey at Shallow-Water Gunashli

Azerbaijan's state oil company has completed the Caspian's first 3D OBN survey at the shallow-water section of the Gunashli field, covering 247.6 km².

Saudi Aramco Ready to Quickly Restore Production After Hormuz Strait Normalization

Saudi Aramco's CEO said the company could return to pre-conflict production levels within days and reach maximum capacity within three weeks.

Tajikistan's Oil Production Rises

Tajikistan produced over 10,000 tons of oil in the first half of 2026, showing year-on-year growth.