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Oil produce
Crude Oil
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
Rosneft (ROSN.MM), Russia's leading oil producer, announced on Friday that its net profit for the first nine months of 2025 dropped sharply by 70% compared …
Oil Refinery
Russia Ships First Oil to New Refinery in Georgia
Russian oil producer Russneft (RNFT.MM) has delivered its first oil cargo to Georgia’s newly constructed Kulevi oil refinery this month, according to LSEG…
Natural Gas
Exxon Sees Natural Gas Demand Surging in Outlook to 2050
Exxon Mobil, a leading U.S. oil producer, announced on August 28, 2025, that global natural gas demand is expected to increase by over 20% by 2050 compared to 2…
Renewable Diesel
Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant
On Friday, Imperial Oil, a Calgary, Alberta-based oil producer, reported a decrease in second-quarter profit, primarily due to lower crude oil prices and reduce…
Crude Oil
Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease
Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns wi…
Oil&Gas Drilling
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ out…
Oil Pipeline
Oando Pipelines in Nigeria’s Oil-Rich Bayelsa State Hit by Sabotage Attacks
Oando Plc, a Nigerian oil producer, reported three incidents targeting its pipelines in Bayelsa state, southern Nigeria, over the past week. The company announc…
Oil Shale
CERAWEEK Turkey to Develop Its Shale Fields With US Producer Continental Resources
Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country&rsquo…
Oil & Gas Trade
US Orders Wind down of Chevron’s Oil Exports From Venezuela
The Trump administration said on Tuesday it was ending a license that the U.S. had granted to oil producer Chevron (CVX.N),since 2022 to operate in Venezuela an…
Oil Shale
Diamondback Nears Permian Deal to Buy Shale Producer Double Eagle
The transaction could be valued at more than $5 billion, the Wall Street Journal reported Friday, citing unnamed sources.Diamondback Energy Inc. is closing in o…
Oil & Gas Trade
Trafigura Buying Oil From Brazilian Player’s Santos Basin Field
Brazil’s oil and gas company Brava Energia has signed a contract with global commodity trading group Trafigura for the sale of oil produced at the former&…
Oil Price
Oil India Q3 Results: Net Profit Drops 23% on Lower Crude Oil Prices
State-owned Oil India Ltd (OIL) reported a 23 per cent drop in its third-quarter net profit as the price of crude oil produced and sold fell.Net profit was ₹1,…
Oil Shale
Ecopetrol Pressured to Sell U.S. Shale Venture by Colombia’s Leader
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s…
Biofuel
Indonesia Expects EU to Adjust Palm Oil Biofuel Stance After EU Ruling
Indonesia welcomed a ruling by the World Trade Organization in a case against European Union on palm oil-based biodiesel, expecting the bloc to adjust its regul…
Crude Oil
Canadian Oil Producers Forecast Higher Production in 2025
Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand fo…
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