News

Chevron says offshore well start-up caused Mars crude quality issues
The start-up of an offshore well caused zinc contamination in Mars crude, Chevron said on Friday, leading to the tightening ...
Crude oil edges higher as EIA trims its 2025 U.S. oil production forecast
Crude oil prices edged higher as the oil market's response to OPEC+'s larger than expected production increase remains muted, ...
EIA expects no further increase in US crude oil production – Commerzbank
The US Energy Information Administration (EIA) has revised its forecast for US crude oil production further downwards, ...
Old video report misleadingly used to claim Ethiopian oil supplied to market
Ethiopian Prime Minister Abiy Ahmed recently announced that his country will supply domestically produced natural gas to the ...
Oil & Gas Journal23h
Mixed signals for crude prices
Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...
Barchart on MSN11d
Crude Oil Prices Slip as OPEC+ Expected to Boost Production
Monday closed down -0.41 (-0.63%), and August RBOB gasoline (RBQ25) closed up +0.27 (+0.13%). Crude oil and gasoline prices ...
Russia’s Crude Production Stayed Below OPEC+ Target in June
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
OPEC+ to boost crude oil production in August
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...
ET EnergyWorld2d
India’s crude oil production falls to 28.7 MMT in FY25, self-sufficiency at 12.3%
India's crude oil production has decreased to 28.7 MMT in FY25, maintaining a self-sufficiency of 12.3%. LNG imports ...
IEA Doubts Russia Can Sustain Oil Capacity as Exports Stay Low
Russia’s deteriorating crude and oil product exports cast doubt on the nation’s ability to support its production capacity, ...