Crude

Crude Oil

Gulf Of Mexico Oil Outages Balloon Beyond Shell

At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of cru…

Crude Oil

IEA Sees Higher Oil Demand This Year

IEA: global crude oil demand will rise by 2.1 million bpd.

Oil Price

Oil Prices Dip After Industry Data Shows U.S. Crude Stockpiles Rising

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Crude Oil

EIA Lowers U.S. Oil Production Forecast

The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.

Crude Oil

Japan Intends to Keep Stake in Sakhalin-1 Oil Project - Industry Minister

Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned …

Crude Oil

Adnoc Drilling Secures Contracts Worth $3.4BN to Boost Offshore Capacity

Contracts to help company expand its offshore drilling activities and boost production capacity

Oil Price

Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …

Crude Oil

BP Profit Triples on Soaring Energy Prices

Oil company reveals profits increased to a 14-year high.

Crude Oil

As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production

Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…

Crude Oil

More Oil Discoveries Boost Guyana’s Offshore Boom

Guyana has seen a string of oil discoveries, quickly positioning it as one of the world’s hottest offshore drilling locations.

Crude Oil

Guyana Poised to Break $1 Billion in Oil and Gas Revenue This Year

Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022.

Crude Oil

UK-Based Firm Records ‘Largest Ever Realised’ Crude Oil Lifting

London-based and Oslo-listed oil and gas company Panoro Energy has completed a crude oil lifting, which it describes as the largest one to date, garnering over…

Oil Price

Oil Rallies on Supply Fears and Tight Market

A force majeure declaration by Russia's Gazprom and a disruption to the Keystone pipeline between Canada and the US have boosted crude prices

Crude Oil

Iran Raises Aug Crude Oil Prices to Asia

Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at $8.90 above the Oman/Dubai average for August, up $2.80 from th…

Crude Oil

Top U.S. Energy Envoy Expects Further Steps From OPEC Producers on Supplies

Major crude oil producers have spare capacity and are likely to boost supplies following President Joe Biden's visit to the Middle East, a senior U.S. energy en…