It has the makings of a jigsaw puzzle. And the oil market for now is saddled with more questions than answers amid efforts to solve it.
A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of an offshore gas well in the nation’s Caribbean waters after an Indigenous community sought legal protection.
U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom is driving demand for electricity.
Oil prices stabilised on Monday as ongoing disruption to US Gulf oil infrastructure balanced persistent demand concerns after a fresh round of Chinese data while investors await news on US interest rates this week.
Alberta’s energy minister is promising strong action by next fall to clean up the province’s growing backlog of unreclaimed oil and gas sites.
PetroChina Investment Suriname BV, a subsidiary of China National Petroleum Corp., signed a production sharing contract on Blocks 14 and 15 in Suriname with state-owned Staatsolie Maatschappij Suriname.
Brent crude futures for November were up 3 cents at US$71.64 a barrel at 0402 GMT. U.S. crude futures for October were up 16 cents, or 0.2%, at US$68.81 a barrel
One subject is not on the radar at all in the current political season in Ghana: the prospect of the country’s oil running out and slicing off a significant part of the economy much sooner than anticipated.
-Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexico federal waters remains offline in the aftermath of Hurricane Francine, the U.S. offshore energy regulator said on Sunday.
The surge in maritime transportation demand, driven by expanding global trade and e-commerce, significantly boosts the marine bunker oil market expansion. Concurrently, the expansion of LNG bunkering infrastructure supports the shift toward cleaner fuels, meeting stricter environmental regulations. Together, these factors enhance the availability and adoption of diverse fuel options, driving the growth and evolution of the marine bunker oil market.