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OPEC+ is sticking to its strategy of increasing oil production from October onwards, despite downward pressure on Brent and WTI prices and expectations of market stabilization.
OPEC+ is sticking to its strategy of increasing oil production from October onwards, despite downward pressure on Brent and WTI prices and expectations of market stabilization.
ReconAfrica is moving ahead with exploration of the PEL 73 block in northeast Namibia, with a new agreement to sell a 20% interest to BW Energy for USD 22 million and a drilling program underway.
ReconAfrica is moving ahead with exploration of the PEL 73 block in northeast Namibia, with a new agreement to sell a 20% interest to BW Energy for USD 22 million and a drilling program underway.
Shell plans to significantly reduce headcount in its exploration division, with job cuts mainly in the USA, the Netherlands and the UK, as part of a global cost-cutting strategy.
Shell plans to significantly reduce headcount in its exploration division, with job cuts mainly in the USA, the Netherlands and the UK, as part of a global cost-cutting strategy.
U.S. crude oil inventories decline less than expected, despite a notable rise in refinery activity, questioning analysts on market dynamics
U.S. crude oil inventories decline less than expected, despite a notable rise in refinery activity, questioning analysts on market dynamics
ExxonMobil sells conventional oil fields in the Permian Basin to refocus on shale, following its acquisition of Pioneer Natural Resources.
ExxonMobil sells conventional oil fields in the Permian Basin to refocus on shale, following its acquisition of Pioneer Natural Resources.
The fuel oil market is expected to reach USD 260.1 billion by 2030, with average annual growth of 4.61%, despite the challenges posed by environmental regulations and price volatility.
The fuel oil market is expected to reach USD 260.1 billion by 2030, with average annual growth of 4.61%, despite the challenges posed by environmental regulations and price volatility.
ExxonMobil expects global oil demand to exceed 100 million barrels per day in 2050, a projection that diverges from the more cautious forecasts of the IEA and BP.
ExxonMobil expects global oil demand to exceed 100 million barrels per day in 2050, a projection that diverges from the more cautious forecasts of the IEA and BP.
Sinopec adjusts its crude processing by 1.6% for the second half of 2024, potentially impacting crude oil imports into China against a backdrop of falling demand.
Sinopec adjusts its crude processing by 1.6% for the second half of 2024, potentially impacting crude oil imports into China against a backdrop of falling demand.
In July, Pemex's Olmeca refinery processed 65,000 barrels of crude oil a day without producing any gasoline, despite massive investment.
In July, Pemex's Olmeca refinery processed 65,000 barrels of crude oil a day without producing any gasoline, despite massive investment.
Shell announces the temporary shutdown of segments of the Zydeco pipeline from September 24 to 27, reducing the supply of light crude to Louisiana.
Shell announces the temporary shutdown of segments of the Zydeco pipeline from September 24 to 27, reducing the supply of light crude to Louisiana.