The United States produces more oil and gas than any other country.
OPEC+ and others including Russia, is unlikely to defend the $80 price floor and hence would not need to cut production quotas this year, according to the note
Approximately 40 per cent of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported.
An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014, but more is needed.
Higher global oil prices have encouraged investments in these fields
Saudi Arabia, one of the organisation’s most prominent members, believes that the current energy crisis is largely the result of declining investment in hydrocarbons
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Oil and Natural Gas Corporation Limited (NSE:ONGC) is about to trade ex-dividend in the next four days.
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June.
Feb 17 (Reuters) – Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand and got nervous about mounting signs of ample crude and fuel supply.
The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday