(Investing) – HOUSTON/LONDON – The discount on U.S. crude futures to the global benchmark has grown by…
(World Oil) – EnerMech has been awarded a subsea pre-commissioning services contract by Saipem for the Whiptail development offshore…
(Oil Price) – Russia on Tuesday asserted ownership of all oil assets a state Russian company is…
Brent Crude Oil
Price: $61.39 per barrel
Currency: USD
Last Updated: 2025-05-03 20:09 UTC
around the World
Moeve and Galp begin negotiations on a potential combination that would create two major European platforms covering industrial and retail mobility operations in Spain and Portugal Proposed IndustrialCo would target green molecules,…
• Zambia and Zimbabwe will each contribute $220M to shore up the bankability of the $4.2B Batoka Gorge hydropower project• The 2,400 MW plant would provide 1,200 MW to each country, with…
• Joint venture targets 3.1 gigawatts of new offshore wind capacity for the United Kingdom, enough to power roughly three million homes.• Total capital outlay for the two Norfolk Vanguard projects exceeds…
Brent vs WTI
Oil major BP expects significant impairments. The company is shifting focus back to oil and gas. This move aims to boost…
A S Sahney, Chairman, IndianOil.Indian Oil Corporation (IOC) is aiming to strengthen its non-fuel business and targeting an increase in the…
Thomas Trutschel/Photothek via Getty Images 2026-01-15T01:17:33.978Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon…
OPEC Announcements
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks…
Oil traders and shipping companies are scrambling to expand tanker operations to move Venezuelan crude…
Industry consultant Enverus has predicted that Venezuela will increase oil production 50% and hit 1.5…
Kazakhstan cut oil production in December by more than 200 Kb/d, with output averaging 1.522…
Brent Crude prices have the potential to hit $70 per barrel over the next three…
U.S. Energy Policy
North America
(WO) – Energy Workforce & Technology Council said U.S. oilfield services employment edged lower in December 2025, closing out a year marked by workforce adjustment and market uncertainty. Energy services employment totaled 629,372 jobs in December, down 184 positions from November, according to preliminary data from the Bureau…
Asia & China
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to…
Oil major BP expects significant impairments. The company is shifting focus back to oil and gas. This move aims to boost returns under new…