Oil and gas news today

Here are some of the latest oil and gas news stories from around the world:

Global Energy

• OPEC+ agrees to increase oil production by 400,000 barrels per day in July, despite concerns over rising COVID-19 cases and global economic uncertainty. (Source: Reuters)
• The International Energy Agency (IEA) warns that the global energy system is at a "critical juncture" due to the ongoing pandemic, climate change, and energy security concerns. (Source: IEA)

North America

• The US Energy Information Administration (EIA) reports that US crude oil production fell by 100,000 barrels per day in April, to 11.3 million barrels per day. (Source: EIA)
• ExxonMobil announces plans to invest $20 billion in the Permian Basin over the next five years, as part of its efforts to increase oil production in the region. (Source: ExxonMobil)
• The Canadian government announces plans to invest $1.5 billion in clean energy projects, including hydrogen production and carbon capture and storage. (Source: Government of Canada)

Europe

• The European Union agrees to reduce its greenhouse gas emissions by at least 55% by 2030, as part of its efforts to combat climate change. (Source: European Union)
• The UK's Oil and Gas Authority (OGA) reports that the country's oil and gas industry is expected to decline by 20% by 2025, due to declining reserves and increasing competition from renewable energy sources. (Source: OGA)
• Norway's Statoil (now Equinor) announces plans to invest $1.5 billion in its offshore wind farm project in the North Sea. (Source: Equinor)

Asia

• China's state-owned oil company, Sinopec, announces plans to invest $10 billion in its refining and petrochemicals business over the next five years. (Source: Sinopec)
• India's Oil and Natural Gas Corporation (ONGC) reports that the country's oil production fell by 2.5% in April, due to declining reserves and increasing competition from renewable energy sources. (Source: ONGC)
• Japan's JX Nippon Oil & Gas Exploration announces plans to invest $1.5 billion in its liquefied natural gas (LNG) business over the next five years. (Source: JX Nippon Oil & Gas Exploration)

Middle East

• Saudi Aramco announces plans to invest $10 billion in its downstream business, including refining and petrochemicals, over the next five years. (Source: Saudi Aramco)
• The United Arab Emirates (UAE) announces plans to invest $1.5 billion in its renewable energy sector, including solar and wind power projects. (Source: UAE Ministry of Energy)
• Iran's oil minister, Bijan Namdar Zanganeh, announces plans to increase the country's oil production by 1 million barrels per day by the end of the year. (Source: Iranian Oil Ministry)

These are just a few of the latest oil and gas news stories from around the world.