China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...

Angola’s crude production slipped below 1 million barrels a day in July, marking the lowest level since March 2023. ・Angola's ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country is on track to achieve a crude oil production ...

Everyone in the energy business spends some time thinking about future oil prices. Up. Down. Flat. Regardless of the direction, price changes impact oilfield spending and activity. Given the ...

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of ...

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major ...

Empire Petroleum struggles with high costs and unprofitability. The oil market outlook is deteriorating. See here for an in-depth analysis of EP stock.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the early Asian trading hours on Thursday. The WTI edges higher as US crude oil inventories fall more than ...

His remarks come amid fresh data showing that Nigeria has kept crude production above its OPEC quota for the second month ...

September WTI crude oil (CLU25 ) on Wednesday closed up +0.86 (+1.38%), and September RBOB gasoline (RBU25 ) closed up +0.0393 (+1.88%). Crude oil and gasoline prices rallied on Wednesday, with ...

A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created an imbalance that could end badly for traders.