Brent and WTI prices surged after the announcement of a trade deal between the United States and the United Kingdom, raising expectations of a rebound in global crude demand.
Brent and WTI prices surged after the announcement of a trade deal between the United States and the United Kingdom, raising expectations of a rebound in global crude demand.
US commercial crude oil reserves dropped more than expected in early May, supported by increased refinery activity, according to the latest data from the Energy Information Administration.
US commercial crude oil reserves dropped more than expected in early May, supported by increased refinery activity, according to the latest data from the Energy Information Administration.
Oil prices are trending downward under the combined pressure of increased output from Opec+ members and the potential for a nuclear deal between Iran and the United States.
Oil prices are trending downward under the combined pressure of increased output from Opec+ members and the potential for a nuclear deal between Iran and the United States.
Norway’s Equinor sells its majority stake in Brazil’s offshore Peregrino field to PRIO for $3.5 billion, shifting focus to Bacalhau and the Raia gas project.
Norway’s Equinor sells its majority stake in Brazil’s offshore Peregrino field to PRIO for $3.5 billion, shifting focus to Bacalhau and the Raia gas project.
Shell has completed the acquisition of additional shares in the Ursa oil platform and its associated pipeline, raising its stake to over 61% in both assets.
Shell has completed the acquisition of additional shares in the Ursa oil platform and its associated pipeline, raising its stake to over 61% in both assets.
Commercial crude inventories in the United States saw an unexpected drop, significantly exceeding analysts' forecasts, according to data from the Energy Information Administration.
Commercial crude inventories in the United States saw an unexpected drop, significantly exceeding analysts' forecasts, according to data from the Energy Information Administration.
TotalEnergies saw its net profit fall to $3.9bn in the first quarter, impacted by lower oil prices, despite an increase in its hydrocarbon and electricity production.
TotalEnergies saw its net profit fall to $3.9bn in the first quarter, impacted by lower oil prices, despite an increase in its hydrocarbon and electricity production.
Repsol’s quarterly performance plunged due to the combined impact of falling crude prices, shrinking refining margins and trade tensions between the United States and its partners.
Repsol’s quarterly performance plunged due to the combined impact of falling crude prices, shrinking refining margins and trade tensions between the United States and its partners.
Austrian group OMV sees profits collapse amid halted Russian gas flows, strategic repositioning in chemicals and shift toward new industrial partnerships.
Austrian group OMV sees profits collapse amid halted Russian gas flows, strategic repositioning in chemicals and shift toward new industrial partnerships.
Ecopetrol received approval from the Ministry of Finance to contract a $500mn loan with Banco Santander, intended to cover non-investment expenses under its 2025 financing plan.
Ecopetrol received approval from the Ministry of Finance to contract a $500mn loan with Banco Santander, intended to cover non-investment expenses under its 2025 financing plan.
BP announced strategic progress on its oil projects in Iraq and Angola, marking a key step in its upstream development, according to an internal communication published on April 26.
BP announced strategic progress on its oil projects in Iraq and Angola, marking a key step in its upstream development, according to an internal communication published on April 26.
PetroChina announced stable growth in operational results for the first quarter of 2025, supported by an increase in oil and gas production and accelerated development in renewable energies.
PetroChina announced stable growth in operational results for the first quarter of 2025, supported by an increase in oil and gas production and accelerated development in renewable energies.
CNOOC Limited announced an increase in production and maintained profitability in the first quarter of 2025, despite an 8.3% drop in Brent crude oil prices compared to last year.
CNOOC Limited announced an increase in production and maintained profitability in the first quarter of 2025, despite an 8.3% drop in Brent crude oil prices compared to last year.
Eni announced the successful drilling of the Capricornus 1-X well in Namibia's Orange Basin, revealing a significant light oil reservoir after positive production tests.
Eni announced the successful drilling of the Capricornus 1-X well in Namibia's Orange Basin, revealing a significant light oil reservoir after positive production tests.
The global oil industry anticipates a significant decline in exploration and production investments from 2025, amid persistent oversupply, exacerbated by increased U.S. tariffs and recent decisions by OPEC+.
The global oil industry anticipates a significant decline in exploration and production investments from 2025, amid persistent oversupply, exacerbated by increased U.S. tariffs and recent decisions by OPEC+.
The global oil industry prepares for further disruptions as oil prices fall below USD 60 per barrel, a level unseen since 2021. The decline in investments, particularly in the US shale sector, raises concerns.
The global oil industry prepares for further disruptions as oil prices fall below USD 60 per barrel, a level unseen since 2021. The decline in investments, particularly in the US shale sector, raises concerns.
US crude inventories increased by 200,000 barrels last week, far below analysts' forecasts. However, oil prices remain under pressure following the announcement of a potential rise in production by OPEC+.
US crude inventories increased by 200,000 barrels last week, far below analysts' forecasts. However, oil prices remain under pressure following the announcement of a potential rise in production by OPEC+.
Thousands of miners blocked the streets of La Paz on April 23, 2025, to protest the shortage of dollars and fuel, which is particularly affecting Bolivia's mining sector.
Thousands of miners blocked the streets of La Paz on April 23, 2025, to protest the shortage of dollars and fuel, which is particularly affecting Bolivia's mining sector.
OPEC Secretary General Haitham Al Ghais emphasizes the need to reconcile energy security with emission reduction goals, in light of the International Energy Agency's (IEA) approach.
OPEC Secretary General Haitham Al Ghais emphasizes the need to reconcile energy security with emission reduction goals, in light of the International Energy Agency's (IEA) approach.
The DBM-1 ST2 appraisal well confirms a significant oil discovery offshore Gabon. The Bourdon project could add up to 25 million recoverable barrels to BW Energy's reserves, further strengthening the Dussafu licence development.
The DBM-1 ST2 appraisal well confirms a significant oil discovery offshore Gabon. The Bourdon project could add up to 25 million recoverable barrels to BW Energy's reserves, further strengthening the Dussafu licence development.
