In the week ending April 5, US crude oil inventories rose significantly, far exceeding analysts' expectations, with immediate repercussions for market prices.
In the week ending April 5, US crude oil inventories rose significantly, far exceeding analysts' expectations, with immediate repercussions for market prices.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global's analysis points to a potentially volatile market.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global's analysis points to a potentially volatile market.
After four years of construction and expenditures exceeding $34 billion, the Trans Mountain pipeline expansion will enter commercial service on May 1, 2024, marking a major turning point for access to Canadian oil export markets.
After four years of construction and expenditures exceeding $34 billion, the Trans Mountain pipeline expansion will enter commercial service on May 1, 2024, marking a major turning point for access to Canadian oil export markets.
OPEC+ countries with overproduction in the first quarter of 2024 must submit their compensation plans by April 30, a move designed to stabilize the market.
OPEC+ countries with overproduction in the first quarter of 2024 must submit their compensation plans by April 30, a move designed to stabilize the market.
The US Department of Energy suspends the planned purchase of 3 million barrels of oil for the Strategic Petroleum Reserve (SPR) in Louisiana, adjusting its strategy in the face of high crude prices.
The US Department of Energy suspends the planned purchase of 3 million barrels of oil for the Strategic Petroleum Reserve (SPR) in Louisiana, adjusting its strategy in the face of high crude prices.
The Taneco refinery in Russia was the target of the farthest drone strike from Ukraine to date, illustrating the company's increased operational capability.
The Taneco refinery in Russia was the target of the farthest drone strike from Ukraine to date, illustrating the company's increased operational capability.
The expansion of Canada's Trans Mountain pipeline could redefine the flow of crude oil to Asia in the second quarter of 2024, offering new opportunities for arbitrage and source diversification, economic conditions permitting.
The expansion of Canada's Trans Mountain pipeline could redefine the flow of crude oil to Asia in the second quarter of 2024, offering new opportunities for arbitrage and source diversification, economic conditions permitting.
The Norwegian Ocean Industry Authority, Havtil, grants Aker BP permission to drill in the Trell Portiko and Trell Sirloin exploration prospects in the North Sea.
The Norwegian Ocean Industry Authority, Havtil, grants Aker BP permission to drill in the Trell Portiko and Trell Sirloin exploration prospects in the North Sea.
ExxonMobil launches a legal battle against Chevron to defend its interests in Guyana's rich Stabroek field, following a takeover bid from Hess, a key player in the industry.
ExxonMobil launches a legal battle against Chevron to defend its interests in Guyana's rich Stabroek field, following a takeover bid from Hess, a key player in the industry.
