China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

We make a start with the situation of the US oil market. On Friday, the release of the US Baker Hughes total rig count, ...

Thursday closed down -0.42 (-0.59%), and March RBOB gasoline (RBH25) closed up +0.0240 (+1.17%). Crude oil and gasoline ...

WASHINGTON: United States President Donald Trump's move to slap 25% tariffs on Canada and Mexico is set to affect supply ...

Tuesday closed down -0.46 (-0.63%), and March RBOB gasoline (RBH25) closed down -0.0187 (-0.88%). Crude oil and gasoline ...

Megaproject aims for ‘original, landmark and leading-edge scientific breakthroughs as soon as possible’, according to state ...

Crude Oil: Critical $67 Support Under Threat Amid China Slowdown, Rising US Output By Damian Nowiszewski - Dec 11, 2024 4 WTI crude teeters near a critical support level. Weak Chinese demand and ...

As part of a national megaproject, the initiative will see the development of China’s first 15,000-metre (49,200-foot) ultra-deep intelligent drilling rig ... s-heaviest’ oil and gas platform ...

At 08:25 ET (12:25 GMT), Brent oil futures rose... Crude Oil: Critical $67 Support Under Threat Amid China Slowdown, Rising US Output By Damian Nowiszewski - Dec 11, 2024 1 WTI crude teeters near a ...

Oil prices continued into an 11-day downtrend this week as geopolitics took a backseat to a list of other variables.

The unit will combine mobility, efficiency and scalability to tackle the challenges of heavy oil production and maximise resource development in one of China’s most vital offshore regions.

Rig demand is forecast to average 4,704 between 2025 and 2029, an increase of 18% on the previous five-year period. Global ...