Saudi Arabia, the world’s top crude oil exporter, saw its crude exports drop to a five-month low in April, a month before the first of the voluntary Saudi cuts began in May, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
TAAG Angola Airlines, the state-owned airline of Angola, plans to enhance connectivity between Luanda and São Paulo, Brazil by increasing the weekly flights from four to six.
Crude oil prices inched lower today after the Energy Information Administration reported an estimated inventory build of 7.9 million barrels for the week to June 9.
Oil giant Shell plans to boost fossil fuel production even as the company says it still aims to zero out greenhouse gas emissions by 2050. Critics concerned about climate change say to meet that target, the company should be cutting production, not increasing drilling for oil and gas.
British energy giant Shell is boosting its oil and gas production to book profits in the near term. It’s also building out electric vehicle charging stations across Asia.
According to the Organization of Petroleum Exporting Countries (OPEC), Nigeria has reclaimed its status as the continent’s top producer of crude oil for the month of May 2023.
Islamabad, Pakistan – Pakistan has received its first shipment of Russian crude oil under an agreement signed between the two countries in April, but experts believe it will be too soon to say if the deal will provide significant benefit to domestic consumers. The cargo carrying 45,000 metric tonnes of crude oil arrived at the southern […]
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has written to the Nigerian military alleging the illegal lifting of petroleum products by ExxonMobil at Bonny Terminal, Rivers State.
Natural gas production in the Permian Basin hit a record in 2022, the Energy Information Administration reported, with the total at 21 billion cubic feet daily
After an unexpected dip in the month of April, Nigeria’s oil production grew by 14.4 percent in May to average 1.43 million barrels per day, latest figures from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have shown.