China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...

Angola’s crude production slipped below 1 million barrels a day in July, marking the lowest level since March 2023. ・Angola's ...

Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is also ...

Everyone in the energy business spends some time thinking about future oil prices. Up. Down. Flat. Regardless of the direction, price changes impact oilfield spending and activity. Given the ...

Chevron resumes importing Venezuelan crude to the U.S. as two tankers arrive, following a new license amid sanctions. The voyages highlight ongoing negotiations with PDVSA and are part of Chevron's ...

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of ...

Empire Petroleum struggles with high costs and unprofitability. The oil market outlook is deteriorating. See here for an in-depth analysis of EP stock.

Lokpobiri: Nig’s ambition is to meet local demands, not exceed OPEC quota …Labour Minister seeks increased investment in safety protocols The Group Chief Executive Officer (GCEO) of the Nigerian ...

Saudi Arabia's crude oil exports slipped in June to their lowest level in three months, according to data from the Joint ...

US supermajor Chevron is poised to return to Iraq after on Tuesday signing an agreement in principle for the Nassiriya ...

IEA warns OPEC+ output hike leaves oil market oversupplied as the supply is rising faster than demand with bloated market ...