Industry job losses and $2 billion cuts threaten U.S. oil output growth
(Reuters) — The U.S. oil industry is facing significant challenges, having laid off thousands of workers and reduced…
Proposed PIA Amendment: Killing the Gains in Nigeria’s Oil and Gas Industry
The proposed amendment to the Petroleum Industry Act, PIA, will not only set the nation’s oil and gas…
Crude Oil Strength Sparks Short Covering in Sugar Futures
October NY world sugar #11 (SBV25) on Tuesday closed up +0.21 (+1.34%), and October London ICE white sugar…
China and Russia Power Iran’s Next Oil Surge
There are three reasons behind recent announcements from Iran that it is targeting big oil and gas production…
bp signs deal to drill five gas wells offshore Egypt
bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth…
Petrobras Completes Test In Offshore Oil Area Ahead Of
Brazil’s President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with…
Phillips 66 to take full ownership of Wood River, Borger refineries
Phillips 66 Co. has entered into a definitive agreement to acquire the remaining 50% interest in WRB Refining LP…
Crude oil prices rose after Israel attacked Hamas leadership in Qatari
EIA predicts $50 oil by early 2026 Crude oil prices jumped up more than 1% on…
Marathon Petroleum to Report Q3 2025 Results on Nov 4
FINDLAY, Ohio, Sept. 9, 2025 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on…
Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 4, 2025
FINDLAY, Ohio, Sept. 9, 2025 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on…
Legislator Warns Gas Could Reach $8 To $10 A Gallon in California
California needs to produce more oil to keep gas prices from hitting $8 to $10 a gallon, a…
Analysts See Decline in U.S. Crude Oil Inventories
By Anthony Harrup U.S. crude oil inventories likely declined last week along with stocks of gasoline and distillate…