The Canadian oil and gas industry could see investments topping pre-pandemic levels at some C$40 billion, or $29.36 billion, the Canadian Association of Petroleum Producers said.
OIL Feed Atom
Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into…
The director of exploration of National Iranian Oil Company (NIOC) stated that currently Iran has oil and gas exploration relations with four neighboring countries and said transferring…
Environmental groups sued the Biden administration on Monday to block the sale of oil and gas drilling rights in the Gulf of Mexico.
The…
The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that…
U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president…
Oil prices could rise as high as $107 a barrel by the end of the year from about $84 at present, depending on how OPEC responds to…
A Cabinet minister and top oil executive from the United Arab Emirates (UAE) on Monday (March 6) urged the energy industry to join the fight against climate…
Oil prices fell on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve…
President Joe Biden has pledged that fighting climate change will deliver millions of middle-class jobs with good wages to Americans with union membership cards.
Iranian Oil Minister Javad Oji says the country has been able to collect up to 2.5 times more oil revenues in the last Iranian calendar month (January…
The 27th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2023) is scheduled to be held at Shahr-e-Aftab International Exhibition Center during May…
The head of the International Energy Agency (IEA), Fatih Birol, said Russia has gone from being “one of the cornerstones of the global energy system” to forfeiting…
Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea,…
Iran and Oman signed a memorandum of understanding (MOU) in Tehran on Saturday on cooperation in the development of oil and gas fields, investment making in petrochemical…
Oil prices dipped on Friday but were poised to register a weekly gain, with renewed optimism on China’s demand recovery outweighing worries over recession, growing U.S. crude…
China’s seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded, but…
The Canadian Association of Petroleum Producers (CAPP) said on Wednesday it expects oil and natural gas investment in upstream production will reach C$40 billion ($29.4 billion) in…
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of…
Iranian President Ebrahim Raeisi arrived in Bushehr Province on Thursday morning as part of his regular visits to different provinces to inaugurate major government projects.