The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders…
Browsing: OPEC Announcements
Indian refiners’ crude processing (throughput) fell by 0.2% month-on-month in January 2026, reaching 5.63 million barrels per day (bpd) or…
More than half a million homes and businesses across seven states were left without power after a winter storm swept…
Ukrainian forces launched targeted attacks on critical nodes of Russia’s Druzhba oil pipeline network on Sunday night, sparking a major…
As the UK government on Monday published a call for evidence on the future of the country’s downstream sector, the…
The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive…
The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope…
Chevron has signed a preliminary deal with Iraq’s Basra Oil Company to discuss the potential sale of the giant Iraqi…
Oil price spikes to $90-$100 per barrel are “within reach” as the United States and Iran appear close to war,…
Saudi Aramco has sealed deals for several cargos of gas condensates from its $100-billion Jafurah shale gas facility, Reuters has…