OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil…
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Russia’s oil output this year is on course to top 480 million tonnes, or about 9.6 million barrels per day (bpd), a Russian government source familiar with…
Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of…
A drilling rig was erected off Lavan Island, the Persian Gulf, another step toward boosting oil output, said an Iranian Offshore Oil Company (IOOC) official Monday.
The Alberta Energy Regulator says it is investigating after Suncor reported the discovery of dozens of dead birds at an oilsands tailings pond.
The…
The U.S. government may soon require natural gas-fired power plants to install technology to capture carbon emissions, sources said, as President Joe Biden’s administration enacts new rules…
Start-ups are developing direct lithium extraction technology to access brine under abandoned oil wells.
This method presents a more sustainable and less harmful approach…
The European Union’s statistics office Eurostat announced the import of Iranian oil by three European Union (EU) members in 2022, and introduced Bulgaria as the newest customer…
Imperial Oil Limited, a Canadian company, specializes in exploration, production and sale of crude oil and natural gas. The firm currently operates through three major segments known…
The U.S. Environmental Protection Agency on Friday said it will require companies that produce oil from a process known as “advanced recycling” to submit the product to…
Ukrainian state-owned gas company Naftogaz has held talks with Exxon Mobil Corp, Halliburton and Chevron about projects in Ukraine as the country looks to lure back foreign investment…
Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as…
Oil prices were on track for a weekly loss, despite a rise on Friday on strong economic data in the euro zone and Britain, as economic and…
A tanker company has lost its P&I insurance from the American Club because it intends to ship Russian crude above the G7 price cap.
Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo…
Oil prices continued to trend lower in morning trade in Asia, with WTI heading toward $78 and Brent moving closer to $82.
Despite the…
The poster of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Technological Production, Optimal Consumption” was unveiled on Wednesday.
U.S. crude oil and distillate inventories fell last week while gasoline inventories rose unexpectedly, the Energy Information Administration said on Wednesday.
Crude inventories (USOILC=ECI) fell by…
Oil prices dropped sharply on Wednesday, sliding by 2% as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic…
OPEC and the International Energy Agency (IEA) do not see eye to eye when it comes to the latest cuts in oil output by OPEC+ producers.