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Oil & Gas
Crude Advances as Opec+ Set to Open Taps at Next Meeting
WTI, which settled just shy of $75 a barrel on Friday, is up by about 53% this year
Oil & Gas
Opec+ Leaves 500,000 b/d August Output Rise on Table
Shrinking OECD inventories and rising global crude prices could lead the Opec+ coalition to consider a 500,000 b/d production rise when it irons out its August
Oil & Gas
Oil Giants See Crude at $100/barrel on Supply Side Constraints
Global oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing
Oil & Gas
Brent Rallies Close to $76 as Markets Remain Tight
Oil also gained from a projected drawdown of US crude inventories
Oil & Gas
Venezuela’s Oil Boss Projects Soaring Output, Despite Crumbling Infrastructure and U.S. Sanctions
In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it.
Oil & Gas
Iraq Expects Oil Prices to Reach $80/bbl - State News Agency
Iraqi expects oil prices to reach $80 per barrel.
Oil & Gas
Crude Oil Prices Steady Near Multi-Year Highs
Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.
Oil & Gas
Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices.
Oil & Gas
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
Energy Economy
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos
Oil & Gas
Lundin Energy Boasts Carbon Neutral Oil Production
Lundin Energy, a minority partner of Equinor in the giant Norwegian oilfield Johan Sverdrup, said on Wednesday that all future barrels of it would sell from Wes
Oil & Gas
Equinor Delays Restart of Brazil Oil Field to 2022
Norway's Equinor plans to restart production and complete a second development phase at the Peregrino offshore oil field in first half 2022, extending an interr
Oil & Gas
Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t
Oil & Gas
Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well
Oil & Gas
Minnesota Court Affirms Approval of Line 3 Oil Pipeline
The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute th
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