Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.
Global oil demand will likely be close to current levels in 2040, energy and commodities trader Vitol said in its long-term ...
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
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The Changing Role of Oil in Global Politics and EconomicsOil has long been the engine that powers the world. Countries rely on it to fuel cars, planes, factories, and economies. Its ...
U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.
Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production ...
Since 2018, the U.S. has been the world’s top oil producer, outpacing both Saudi Arabia and Russia. In 2023, U.S. crude oil plus condensate production averaged 12.9 million barrels per day ...
Learn about the potential opportunities in the midstream energy sector, including M&A activity and the impact of less ...
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
Located in the heart of Canada, the province of Saskatchewan has the resources needed to help ensure food and energy security ...
PE Energy Limited, a leading energy services company has unveiled a new technology, Multi-phase Pump and Systems to end gas ...
The world’s largest metamorphic rock oilfield has commenced production. The billion-tonne Phase I project of Bohai 26-6 started production on February 7, according to its developer, China National ...
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