India is winning the competition with China to attract Russian crude cargoes with vessels turning mid-voyage away from their previous…
Browsing: OPEC Announcements
Equinor has made an oil discovery in a wildcat well in a prospect close to the giant Johan Castberg field…
A total of some 90 ships have passed through the Strait of Hormuz since the U.S. and Israel started bombing…
A pipeline leak at Libya’s largest oil field, Sharara, caused a fire on Thursday, prompting a redirection of the flow…
The governments of Iraq and the semi-autonomous region of Kurdistan have reached an agreement on the terms to restart the…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million barrels in…
Germany is clamping down on fuel price hikes amid war-driven oil volatility that is stressing Europe’s largest economy.The government approved…
Japan’s petroleum refiner Idemitsu Kosan has committed $500 million to LNG investment company MidOcean Energy as part of MidOcean’s equity…
The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making…
Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the…