One of the richest countries in the world with no rivers and huge oil reserves
Saudi Arabia’s economy is categorised as high-income by the World Bank and is the only Arab country in the G20. It ranks high ...
US Permian oil output growth to slow in 2025 despite Trump's plan, executives say
Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...
Total, Aker BP seek bigger stakes in giant Equinor oilfield
TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal ...
Interesting Engineering on MSN4d
World’s largest metamorphic rock oilfield in China’s Bohai Sea commences production
The Bohai 26-6 Phase I project has begun production and aims to peak at around 22,300 barrels of oil equivalent daily by 2025 ...
Malaysia Palm Output Sinks Most in Nine Years as Rains Hit Crops
Palm oil production in Malaysia slumped the most since 2016 as heavy rains and floods disrupted harvesting in the world’s ...
Crude Oil Prices1h
Top Russian LNG Producer Novatek Books Higher 2024 Profit
Novatek, the Russian LNG giant, reported increased profits in 2024 despite facing significant challenges from Western ...
Crude Oil Prices8d
U.S. Energy Dominance: A Decade in the Making
The United States has achieved energy dominance through advancements in oil and gas production, renewable energy, nuclear power, and technological innovation.
Rigzone5d
CNOOC Says World's Biggest Buried Metamorphic Hill Oilfield Now Producing
Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.
Yahoo Finance10d
Big Oil bleak on refining profits going into 2025
The No. 1 U.S. oil producer still beat profit estimates with higher production from the Permian basin, the top U.S. oilfield, and Guyana, the latest oil hotspot. UK-based Shell said on Thursday ...
The New York Times12d
Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
The United States is the world’s largest oil producer, but the country’s refineries are designed to turn a mix of different types of oil into fuels like gasoline and diesel. Roughly 60 percent ...
Business Insider9d
Canadian Oil Producers to “Bear Brunt” of U.S. Energy Tariff
Canadian oil producers including giants like Enbridge ... Additionally, the 10% tariff on goods sent from China, the world’s largest crude importer, may have negative consequences for oil ...