Browsing: OPEC Announcements

Contrary to forecasts of an LNG supply glut as soon as this year, Italy’s energy major Eni expects a “very…

The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the…

Equinor (NYSE: EQNR) slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while…

Germany’s chancellor, Friedrich Merz, will lead a delegation to Saudi Arabia and Qatar, seeking to secure supply deals for liquefied…

The U.S. federal government has approved a project for the construction of a deepwater oil terminal on the Texas coast,…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States decreased by 11.1 million barrels in…

Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that…

Iranian gunboats made a pointed move in the Strait of Hormuz this week, approaching a U.S.-flagged oil tanker in what…

Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of…

Oil tanker rates on the key Middle East-to-China route surged this week to the highest level since November as vessel…