After the fracking revolution left the U.S. shale patch bleeding cash and deeply indebted. Wall Street ramped up pressure on companies to cut debt and boost shareholder value. The U.S. Continue Reading
The head of the World Health Organization said Wednesday that he’s worried about the omicron and delta variants of COVID-19 producing a “tsunami” of cases between them, but he’s still Continue Reading
Russia’s Deputy PM and top OPEC+ negotiator Alexander Novak explains in a recent interview why the group decided not to heed the U.S. call for more production Novak: Oil production Continue Reading
Iran said Thursday it launched a rocket with a satellite carrier bearing three devices into space, though it’s unclear if any of the objects entered orbit around the Earth. The Continue Reading
AJ-13 is the fifth and final well in the Abu Sennan 2021 drilling program. United Oil & Gas PLC (AIM: UOG) announced on Wednesday that the Al Jahraa-13 (AJ-13) development Continue Reading
An Iraqi oil pipeline burns after sabotage by anti-U.S., pro-Saddam militants Sept. 8, 2003 near Kirkuk, in northern Iraq. Credit: Scott Peterson/Getty Images It’s 6 p.m. and the pink-tinged skies Continue Reading
Royal Dutch Shell Plc has been ordered by a South African court to temporarily halt an offshore seismic survey after local communities took legal action to block the project. The Continue Reading
Highlights Average year crude production slightly below 2020 Production from JVs account for 60% of total production Iranian condensates boost output for third straight month Venezuelan state-owned PDVSA and its Continue Reading
Ecuador’s heavy-crude oil pipeline will restart pumping on Dec. 31 following maintenance to solve issues caused by erosion in the country’s Amazon region, while exports of Napo crude will begin Continue Reading
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand Continue Reading
