OilPrice

JUNE 10, 2025

Crude oil prices moved lower earlier today even after the latest round of talks between the United States and China on trade yielded positive results, as traders adopted a wary stance on the news. At the time of writing, Brent crude was trading at $66.82 At the time of writing, Brent crude was trading at $66.82

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Oil & Gas 360º

JULY 11, 2025

oil major Chevron (NYSE: CVX ) and other foreign firms in Venezuela have allowed a slight recovery in oil output and exports since 2023. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S. The licenses to U.S. and European refineries.

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Oil & Gas 360º

JUNE 17, 2025

Pemex, one of Mexico’s largest companies, has an outstanding debt with an extensive list of suppliers and contractors of around $20 billion, in addition to another financial debt of $101 billion, despite the injection of billions of dollars from the government in the last few years to face the amortizations.

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Oil & Gas 360º

JULY 18, 2025

ARMS RACE Exxon and Chevron both trace their roots to Standard Oil, the conglomerate formed by John D. Rockefeller in 1870 that came to dominate the American oil industry before being broken up by the U.S. government in 1911. In the past decade, the two majors have competed fiercely for dominance in U.S.

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Oil & Gas 360º

JULY 1, 2025

The government of pro-market libertarian Javier Milei said it would appeal the ruling to “defend national interests.” 4 for shale oil, into a key global energy-producing region that would help bring in foreign currency needed to prop up the economy. . 2 shale gas reserve and No.

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Oil & Gas 360º

JULY 2, 2025

Libya is split between dueling governments in its east and west, and sporadic stoppages and rounds of violence have left much of its energy infrastructure neglected and damaged. A representative for TotalEnergies declined to comment. The NOC was left on the hook for about $1 billion in arrears. billion) for fuel imports this year.

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Permian Basin Oil and Gas Magazine

JULY 8, 2025

District Court alleging that some of the nation’s largest oil producers have colluded in recent years to artificially increase the price of crude oil. The New Mexican said defendants, including Permian operators, are Chesapeake Energy, Continental Resources, Diamondback Energy, EOG Resources, ExxonMobil, Hess Corp.,

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Rigzone

JULY 14, 2025

A report sent to Rigzone by the Standard Chartered Bank team on the same day showed that Standard Chartered sees the ICE Brent nearby future crude oil price averaging $61 per barrel and the NYMEX WTI basis nearby future crude oil price averaging $58 per barrel this year.

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Oil & Gas 360º

JUNE 23, 2025

TIPRO also highlights strong tax contributions by the state’s oil and gas industry that continue to offer essential support of government coffers and provide important funding for public services. In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.

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Oil & Gas 360º

JULY 9, 2025

The country, which has the biggest-known crude reserves in Africa, is split between two governments that frequently feud over control of under-invested oil resources. Libya has struggled to quell unrest since the 2011 fall of longtime dictator Moammar Qaddafi.

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Aresco

JULY 14, 2025

This event marked the first oil well in the world and the official beginning of the oil drilling industry, not just in Azerbaijan, but globally. The success of the Bibi Heybat well attracted attention from entrepreneurs, engineers, and governments, and it sparked what could be considered the first true oil rush in world history.

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Oil & Gas 360º

JUNE 17, 2025

crude oil production, or nearly 2 million bopd. Robust offshore oil and natural gas development could generate over $8 billion in additional government revenue by 2040. According to the U.S. Energy Information Administration, U.S. offshore production accounts for 14% of total U.S.

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Offshore American Petroleum Institute Energy Energy 130

Rigzone

JULY 7, 2025

As of 1 July 2025, the ORLEN Group – and, through this, our entire region – will be free from Russian oil,” ORLEN Management Board President and CEO Ireneusz Fąfara said. Today, we purchase crude oil from across the globe.

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Oil & Gas 360º

JULY 14, 2025

Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.

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OilPrice

JUNE 19, 2025

Japan’s government will implement measures to ensure that the Israel-Iran conflict and potential escalation wouldn’t result in major spikes in gasoline prices in one of Asia’s most oil-import dependent large economies. More than 90% of the crude oil Japan imports comes from the Middle East.

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Oil & Gas 360º

JUNE 19, 2025

Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.

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Oil & Gas 360º

JUNE 20, 2025

More than a quarter of the world’s oil is shipped through the waterway, which lies between Iran and Oman. Despite repeated threats to close the Strait during geopolitical tensions, Iran’s government heavily relies on the narrow waterway for its own oil and gas exports and revenue.

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Oil & Gas 360º

JUNE 24, 2025

(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. It was only supposed to take about two years to complete.

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Rigzone

JULY 17, 2025

“Positive discussions with Timor-Leste and Australian governments are continuing to progress the proposed Bayu-Undan Carbon Capture and Storage project and look at opportunities to process third-party gas through Bayu-Undan infrastructure”, Santos said Thursday. Crude oil sales increased from 1.26

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Oil & Gas 360º

JULY 8, 2025

Commodity Futures Trading Commission released on Monday showing money managers raised their net-long futures and options positions in crude oil contracts in the week up to July 1. Other signs of higher demand were seen in India, the world’s third-largest oil consumer, with government data reporting fuel consumption in June was 1.9%

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Oil Crude Oil Barrel Petroleum 130

Oil & Gas 360º

JUNE 13, 2025

(World Oil) – U.S. Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. The Energy Information Administration revised down its view of U.S.

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Oil & Gas 360º

JULY 8, 2025

The change would allow oil and gas operators to more accurately track production and calculate the royalties drillers pay to the federal government and to tribes for fossil fuels produced on public and tribal lands, the department said.

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Oil & Gas 360º

JULY 3, 2025

oil inventories grew by 3.85 million barrels in the week to June 27, government data showed on Wednesday, reversing course after an outsized 5.84 Given the uncertainty, market participants will probably not want to carry too much risk into the long U.S. weekend,” said analysts at ING, in a note.

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Oil Barrel Petroleum Government 130

Rigzone

JULY 17, 2025

“Positive discussions with Timor-Leste and Australian governments are continuing to progress the proposed Bayu-Undan Carbon Capture and Storage project and look at opportunities to process third-party gas through Bayu-Undan infrastructure”, Santos said Thursday. Crude oil sales increased from 1.26

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Barrel Gas Completion Oil 80

CNBC: Energy

JUNE 22, 2025

1 Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 5:33 05:33 Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption News Videos Oil futures jumped more than 2% at the start of the first trading session since the U.S. crude oil on Sunday evening rose $1.76, or 2.38%, to $75.60

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Oil Barrel Finance Crude Oil 145

Oil & Gas 360º

JUNE 20, 2025

The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.

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Offshore Exploration and Production Field Instrumentation 130

Oil & Gas 360º

JULY 15, 2025

“However, if Trump does follow through, and the tariff is implemented effectively, it would drastically change the outlook for the oil market. Russia exports more than 7m b/d of crude oil and refined products,” they said. China, India and Turkey are the largest buyers of Russian crude oil.

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Crude Oil Oil Mechanic Barrel 130

Oil & Gas 360º

JULY 10, 2025

The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. But it contained only 403 million barrels of crude oil as of July 4, according to government data, which is far below the record level of 727 million barrels reached in 2010.

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Oil IT Crude Oil Barrel 130

CNBC: Energy

JUNE 20, 2025

Dado Ruvic | Reuters Oil prices fell about 2% on Friday, as President Donald Trump holds off for now on helping Israel to destroy OPEC member Iran's nuclear program. crude oil shed $1.30, or 1.73%, to settle at $73.84 Global benchmark Brent fell $1.84, or 2.33%, to close at $77.01 per barrel. per barrel.

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Oil Finance Supply Chain Barrel 95

Rigzone

JULY 7, 2025

Mexico’s energy shipments, first reported Sunday by newspaper El Universal, are part of what President Claudia Sheinbaum’s government describes as humanitarian support for Cuba. of Pemex’s total exports of crude oil and 1.9% The island has been subjected to broad US sanctions for more than six decades.

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Oil Barrel Petroleum Crude Oil 62

Iraq Business News: Oil & Gas

JULY 5, 2025

Said's companies and vessels blend Iranian oil with Iraqi oil, which is then sold to Western buyers via Iraq or the United Arab Emirates (UAE) as purely Iraqi oil using forged documentation to avoid sanctions. This allows the oil to be sold on the legitimate market and helps Iran evade international sanctions on its oil exports.

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Oil Petroleum Transportation Management 66

OilPrice

JUNE 2, 2025

In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S.

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OilPrice

MAY 22, 2025

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8

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OilPrice

MAY 12, 2025

Asias economies are more vulnerable to external trade shocks than other regions, but they would find low oil prices a boon to their government finances at times of heightened global economic uncertainty.

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Oil Crude Oil Finance Government 262

OilPrice

MAY 9, 2025

The UK government will impose sanctions on as many as 100 tankers that it says are used to ship Russian crude oil abroad. This, Downing Street said, will make the UK the country that has sanctioned the most tankers carrying Russian oil.

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OilPrice

APRIL 14, 2025

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

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OilPrice

APRIL 17, 2025

Crude oil prices were set for a weekly gain earlier today, following the news that the U.S. federal government has slapped new sanctions on Chinese companies involved in oil trading with Iran. At the time of writing, Brent crude was changing hands for $66.41 per barrel, both up from opening.

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Oil Crude Oil Barrel Government 205