BP Plc is halting share buybacks to shore up its balance sheet as pressure mounts on the UK energy giant…
Browsing: Middle East
Oil edged higher after the US advised ships to steer clear of Iranian waters when navigating the Strait of Hormuz,…
In a statement posted on its website last Thursday, industry body Offshore Energies UK (OEUK) noted that, “amid a prolonged…
The world’s largest independent oil trader Vitol Group said oil demand will take longer to peak than it previously estimated…
The global oil market is once again tightening its focus on supply dynamics, with recent data pointing to a significant…
North America added one rig week on week, according to Baker Hughes’ latest North America rotary rig count, which was…
In a statement sent to Rigzone on Monday, ADNOC Gas plc announced a “record” net income of $5.2 billion for…
Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude, marking a second deal on the trade by…
US natural gas dropped for a second session on the outlook for warmer temperatures across large parts of the country,…
The world’s largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in…