U.S. crude oil inventories increased for a third consecutive week while gasoline stocks declined for the first time in three ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

The Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) has expressed confidence that Nigeria can meet its oil ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

Dangote refinery was forced to import oil last year after failing to acquire sufficient volumes of petroleum in the local ...

China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the ...

CEO Anders Opedal announced plans to deliver more than 10% growth in oil and gas production from 2024 to 2027, supported by portfolio optimization and high-value transactions. He stated that Equinor ...

Fuel oil margins climbed after U.S. President Donald Trump reimposed a stricter policy on Iran, though trade sources expect a ...

Crude oil futures pared previous gains after OPEC+ agreed Monday to maintain its policy of gradually raising oil production starting in April and removed the U.S. Energy Information Administration ...

Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after ...

Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

While there's no clarity yet on the timeline of LTPD-1 awards ... key schemes are being integrated to scale up the field’s oil production to 520,000 bpd by the end of 2027 and sustain [it] ...