Browsing: OPEC Announcements

The Johan Castberg oilfield in the Barents Sea has reached full capacity of 220,000 barrels per day (bpd), operator Equinor…

Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a…

The government of Mozambique is ready to lift the force majeure imposed on TotalEnergy’s LNG project in the country as…

Crude prices are technically higher today, but the market mood feels anything but bullish. WTI is clinging to $75.60 (+0.61%),…

SpaceX’s Starship prototype exploded over the Indian Ocean on Thursday during its fourth “hotfire” engine test, dramatically underscoring the immense…

Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia,…

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer…

China has eased its restrictions on exports of rare earth elements by approving “a certain number” of export licenses, its…

Russia believes that Moscow, its OPEC+ ally Saudi Arabia, and the United States could work together to stabilize the oil…

As part of a push to streamline global assets and reduce costs, U.S. supermajor Chevron is inviting non-binding bids from…