Browsing: OPEC Announcements

The new government’s Climate Competitiveness Strategy, outlined in Budget 2025, will prioritize effective carbon markets, enhanced methane regulations, and technologies…

Ørsted, the world’s largest offshore wind developer, reported on Wednesday a loss for the third quarter amid soaring impairment charges…

The U.S. sanctions on Russia and Iran have led to an “unprecedented” large volume of crude oil stored in tankers,…

Iraq’s state oil marketing company SOMO has canceled three crude loadings from Russia’s Lukoil this month after the U.S. sanctioned…

Germany is generating electricity from gas-fired power plants at the highest rate since 2021, slowing EU-wide efforts to refill gas…

Australia’s Woodside Energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven…

Ovintiv will take over NuVista Energy, in which it is already a shareholder, in a deal worth $2.7 billion including…

Oil prices slipped modestly in early Asian trading on Wednesday, with the West Texas Intermediate (WTI) down 0.71% to $60.13…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a sizeable build of 6.5…

Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new…