oil production

Massive oil discovery in Alaska is biggest onshore find in 30 years

Spanish oil giant Repsol (REPYY) and its privately-held U.S. partner Armstrong Energy announced the find on Thursday, predicting production could begin as soon as 2021 and lead to as much as 120,000 barrels of output per day, Joinfo.com reports with reference to

Russia overtakes Saudi Arabia as the world’s largest producer of crude oil

Russia pumped 10.49 million barrels a day in December, down 29,000 barrels a day from November, while Saudi Arabia’s output declined to 10.46 million barrels a day from 10.72 million barrels a day in November, according to data published Monday on the