Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Sinopec Oilfield Service has signed a $1.1 billion agreement with Saudi Aramco to build gas pipelines, strengthening Saudi Arabia's energy infrastructure.
Sinopec Oilfield Service has signed a $1.1 billion agreement with Saudi Aramco to build gas pipelines, strengthening Saudi Arabia's energy infrastructure.
Growth in global oil and gas investment will slow in 2024, but will remain well above the levels needed to meet climate targets by 2030, according to the International Energy Agency (IEA).
Growth in global oil and gas investment will slow in 2024, but will remain well above the levels needed to meet climate targets by 2030, according to the International Energy Agency (IEA).
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
OPEC+ is maintaining its production cuts until September, causing fluctuations in crude prices and increased demand for VLCC carriers, according to experts.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
OPEC+ agrees to increase the United Arab Emirates' oil production quota, allowing them to pump an additional 300,000 barrels per day from January 2025.
Saudi oil giant Aramco is putting $10-12 billion worth of shares up for sale, aimed at financing its Vision 2030 program and diversifying the kingdom's economy.
Saudi oil giant Aramco is putting $10-12 billion worth of shares up for sale, aimed at financing its Vision 2030 program and diversifying the kingdom's economy.
