The major oil exporters in the Arab Gulf will see their economies grow at a lower rate next year compared to this year’s growth and previous expectations due to weaker-than-projected Continue Reading
Oil held gains as the market shrugged off measures from US President Joe Biden to tame rising energy prices that have fueled inflation. West Texas Intermediate for December traded near Continue Reading
Diesel inventories have fallen to dangerously low levels. U.S. refineries are churning out less diesel and exporting more amidst a period of high demand. An ongoing diesel shortage would lead Continue Reading
Venezuela’s largest refinery center stopped all operations on Tuesday following a fire and a blackout at the site. A small fire erupted at a vacuum tower at the Amuay oil Continue Reading
Iraqi state companies have been quietly prepping the massive Akkas gas field near the Syrian border to begin production, more than a decade after it was awarded to the Korean Continue Reading
Hope for the addition of 500,000 barrels per day (bpd) of crude oil to Nigeria’s daily output by the end of November to earn more revenue to finance the 2023 Continue Reading
CNOOC Limited has announced the first ‘deep-deep’ large gas field. CNOOC Limited has announced the first “deep-deep” large gas field, dubbed Baodao 21-1, which it says has proved gas-in-place of Continue Reading
Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures Continue Reading
New England is at risk of natural gas shortages this winter amid surging global demand that’s driving up US exports, according to the top federal energy regulator. Fuel availability “is Continue Reading
A total of 6,563 wells have been finished in Alberta this year with more than two months to go, versus 6,166 in all of last year. Alberta’s oil and gas Continue Reading
