article thumbnail

Riyadh’s $8 Billion Solar Surge Leaves Oil Strategy Untouched

OilPrice

The Kingdom, the world’s top crude oil exporter, wants to develop all forms of energy, diversify its economy from oil, and replace oil in power generation with renewables and natural gas. The Saudis are not abandoning their primary role in global oil production and supply.

Oil 308
article thumbnail

Reuters: Saudi Aramco in U.S. Supply Talks with Commonwealth LNG

OilPrice

Saudi Aramco is in advanced talks to acquire 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the U.S.-based The potential deal would further cement Aramco’s push into the global LNG market as it accelerates efforts to diversify beyond crude oil exports.

Crude Oil 282
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

TXOGA reports record natural gas production in Texas in 2025

Permian Basin Oil and Gas Magazine

Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 Crude oil production remained steady at 5.7 billion cfd of dry natural gas – supplying 11.8 billion cfd. million b/d.

article thumbnail

OPEC+ to boost crude oil production in August

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

Crude Oil 130
article thumbnail

USA Crude Oil Stocks Drop Week on Week

Rigzone

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Crude Oil Stocks Drop Week on Week by Andreas Exarheas | Rigzone Staff | Thursday, July 17, 2025 | 10:48 AM EST Crude oil stocks, not including the SPR, stood at 422.2 “At 422.2

Crude Oil 106
article thumbnail

Analyst Explores Natural Gas Price Drop

Rigzone

Image by Natalya Bosyak via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract price drop on Monday, which the report highlighted came in at 6.7 “The August contract dropped 24.0 cent, or 0.6

article thumbnail

CNOOC Starts Heavy Crude Production at China’s Largest Shallow Oil Field

OilPrice

CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has launched production of heavy crude from its Kenli 10-2 Oilfields Development Project, which is the largest shallow lithological oilfield offshore China, the company has said.

Field 143