Cuban President Miguel Díaz-Canel has said that his government is in talks with the Trump administration to find solutions to the two countries’ differences, as the Caribbean country continues to face the effects of a US oil blockade.
TotalEnergies SE and its partners have started up the Lapa Southwest project, increasing production capacity in the Lapa field in the Santos basin offshore Brazil to about 60,000 barrels per day (bpd) of oil.
Equinor ASA has signed a two-year contract with Norwegian compatriot Wallenius Wilhelmsen ASA to supply the ro-ro shipper with locally produced bio-methanol from 2026.
The International Energy Agency laid out a timeline for when it expects the 400 million barrels of oil from its emergency reserves to start flowing from global markets.
TotalEnergies has shut down operations in the Middle East for approximately 15% of its total production, the company has said in a statement outlining its exposure to the US-Iran war.
Petronas has confirmed its first hydrocarbons discovery at the Barokah-1 exploration well offshore East Java in Indonesia, the company announced on Thursday.
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
Crude oil futures traded higher on Monday morning after the US attacked military assets on Kharg Island over the weekend.
The Trump administration started the process of a mammoth drawdown of the U.S. emergency oil reserve, issuing a request to exchange 86 MMbbl of crude oil.
California’s Natural Resources Agency has ordered Houston-based oil driller Sable Offshore Corp. to remove a pipeline crossing a state park days after the US government instructed the company to begin pumping crude through the conduit.