The Tengiz oil field in Kazakhstan, operated by Chevron, sets a production record in October, escalating the country's tensions with OPEC+ over production quota compliance.
The Tengiz oil field in Kazakhstan, operated by Chevron, sets a production record in October, escalating the country's tensions with OPEC+ over production quota compliance.
US crude oil reserves have unexpectedly risen, while refineries continue to slow down. This situation influences crude oil prices and reflects a mismatch between production and market demand.
US crude oil reserves have unexpectedly risen, while refineries continue to slow down. This situation influences crude oil prices and reflects a mismatch between production and market demand.
The Asian high sulfur gasoil market saw a rise in prices and a narrowing of the spread to its lower-sulfur counterpart, mainly due to increased Indonesian demand.
The Asian high sulfur gasoil market saw a rise in prices and a narrowing of the spread to its lower-sulfur counterpart, mainly due to increased Indonesian demand.
The world's largest oil companies are competing to secure a share of Galp's significant Mopane oil discovery in Namibia's Orange Basin, estimated at 10 billion barrels of oil equivalent.
The world's largest oil companies are competing to secure a share of Galp's significant Mopane oil discovery in Namibia's Orange Basin, estimated at 10 billion barrels of oil equivalent.
Chinese refiners' Iranian oil imports are expected to decrease due to stricter sanctions and tensions in the Middle East. However, major disruptions appear unlikely, according to sources in China's energy sector.
Chinese refiners' Iranian oil imports are expected to decrease due to stricter sanctions and tensions in the Middle East. However, major disruptions appear unlikely, according to sources in China's energy sector.
Since the EU embargo in February 2023, Turkey and Brazil have emerged as the main buyers of Russian diesel. This realignment of commercial flows is redefining the global diesel market, impacting prices and supply chains.
Since the EU embargo in February 2023, Turkey and Brazil have emerged as the main buyers of Russian diesel. This realignment of commercial flows is redefining the global diesel market, impacting prices and supply chains.
The oil giant CNOOC Limited announces the commencement of production of the Bozhong 19-2 project, located in Bohai Bay, marking a key milestone in the effective development of offshore resources in China.
The oil giant CNOOC Limited announces the commencement of production of the Bozhong 19-2 project, located in Bohai Bay, marking a key milestone in the effective development of offshore resources in China.
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.
Ithaca Energy has acquired the majority of Eni's British oil and gas assets, thereby consolidating its position in a region undergoing significant changes.
Ithaca Energy has acquired the majority of Eni's British oil and gas assets, thereby consolidating its position in a region undergoing significant changes.
