By the end of 2020, BP's net loss amounted to more than $20 billion

BP’s group production decreased by 8.1% and reached 3.47 million barrels per day in 2020.

The UAE plans to produce up to 5 million barrels of oil per day by 2030

On Sunday, the UAE announced the discovery of new oil fields in the emirate of Abu Dhabi.

Brent crude trades above $45 a barrel on news of COVID-19 vaccine

Optimism over the success of vaccine development drove oil prices up nearly 20% in November.

Oil production in Libya increased to 1.25 million barrels per day

Libya is currently exempt from the obligation to cut oil production.

Oil prices go up due to news of Covid-19 vaccine

OPEC+ ministers will consider postponing the planned increase in production from 2021.

Equinor delays launch of several projects due to Covid-19

The weakening of the Norwegian krone in the past year has driven up costs on several development projects.