OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could ...

Saudi Arabian Oil Co., known as Aramco, said the Saudi government has ordered it not to ramp up its oil production capacity ... Sustainable Capacity—MSC—at 12 million barrels per day ...

the oil major said in its first quarter 2024 financial statement. Production from these projects will be used to maintain MSC at 12 million bpd, which will provide operational flexibility and rapidly ...

The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month ...

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer ...