CNOOC Ltd. started production at the Bozhong 26-6 Oilfield Development Project (Phase I) in central Bohai Bay in about 20 m of water.

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Here is a look at what happened in oil markets in the week of Feb. 3-7 and what the focus will be in the days to come.

President Donald Trump's tariffs on Mexico and Canada could take effect next month, with consumers likely to see prices rise ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

An emerging trade war between the United States and China could drive U.S. crude exports lower in 2025 for the first time since the pandemic by reducing access to the Chinese market, according to ...

U.S. and global oil futures declined on Thursday as a hefty rise in last week's U.S. supplies and uncertainty surrounding tariff disputes helped to weaken the outlook for crude demand, prompting ...

U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on ...

Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...

US oil exports may decline in 2025 for the first time since the COVID-19 pandemic due to China's retaliatory tariffs on the United States.

China's retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the ...

Mainland China has announced a series of targeted trade measures in response to US President Donald Trump's decision to ...