OPEC+ is not expected to announce a change in oil production policy at the in-person meeting this weekend, OPEC+ delegates told CNBC ahead of the much-anticipated gathering.
India’s oil imports from Russia continue to surge as cheaper Russian crude exports find more and more buyers in the world’s third-largest crude oil importer.
Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July.
The Overlord of Dagbon, Yaa Naa Abukari Mahama II is upbeat about the facelift the Northern Region is about to witness as the Ghana National Petroleum Corporation (GNPC) inches closer to drilling an oil and gas well in the Voltaian Basin next year.
ABU DHABI, June 1, 2023 – Saudi Aramco has signed multiple contracts with Chinese geophysics services giant BGP for onshore and offshore seismic surveys, Upstream Online reported on Wednesday.
COUNSELOR, N.M. (AP) — Members of the Navajo community have complained to Samuel Sage for years about the noise and vibrations that rattle their homes.
Starting today, U.S. oil will be part of the Brent crude basket that underlies the world’s most traded benchmark contract.
Despite a long history of being Latin America’s best-managed national oil company Colombia’s Ecopetrol is swamped by uncertainty. For over a decade, the integrated energy major has been battling to significantly expand its scant proven oil reserves.
Crude oil prices turned around on Thursday, erasing most of the week’s earlier losses despite the latest EIA report that indicated crude oil inventories rose more than expected.
Crude oil prices moved higher moments before the Energy Information Administration reported an inventory build of 4.5 million barrels for the week to May 26.