Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55380227
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A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford

US Shale Leader Pioneer Shares Plunge as Gas Output Rise

by Asharq Al-Awsat English | Aug 2, 2017 | Business

Pioneer Natural Resources Co said unexpected pockets of pressure delayed some production in the Permian Basin, the largest US oilfield, and that its output for the year would now be about 58 percent oil, down from previous forecasts for about 60 percent. Shares of...

Media ID: 55377567
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A general view shows an oil refinery in Zawia, west of Tripoli, Libya. Reuters photo

Libya’s Oil Production Approaches One Million bpd 

by Asharq Al-Awsat | Jun 29, 2017 | Business

London- Libya’s oil production has approached one million barrels per day after it reached an interim agreement with Germany’s Wintershall to resume production amid a contract dispute. Reuters reported on Tuesday that according to Libyan sources, Libya’s...