Chinese refiners processed 17.4% more crude oil last month in response to stronger demand for fuels both at home and abroad, state statistics data cited by Reuters has shown.
Russian export of crude oil and petroleum products to Africa has increased by 2.6 times over the past two years, President Vladimir Putin has disclosed.
Gabon has extended several licences of Africa-focused independent oil and gas firm, Tullow Oil Plc, to the year 2046.
Frontera Energy Corporation is completing analysis of the Wei-1 exploration well in Guyana with hopes to upgrade the play’s exploration licence to its development phase, the Canadian E&P company announced on Friday.
Nigeria’s LNG facility on Bonny Island will continue its force majeure declared in October 2022 due to flooding disrupting supply, Reuters reported on Wednesday.
Ecopetrol has discovered substantial oil flows from an onshore well in the Putumayo province in Colombia, Reuters announced on Thursday.
Three numbers encapsulate the story of Saudi Aramco since its initial public offering (IPO) in December 2019. The first is that its net income for the second quarter (Q2) of this year was US$30.1 billion.
The U.S. shale patch, which accounts for most of the non-OPEC+ oil supply growth, is set to deliver stronger-than-anticipated production gains this year.
Earlier this month, the price of natural gas in Europe spiked by as much as 40% on the news that gas platform workers in Australia may launch industrial action.
Russian producers have been selling their crude oil to India at prices below the G7 price cap of $60 per barrel, but since shipping costs are not included in this price ceiling, Russia has been overcharging for freight costs and getting more revenue from oil trade, a Financial Times analysis showed this weekend.