Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims
By Arunima Kumar (Reuters) -Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator…
Oil Drops as Markets Digest OPEC+ Supply Decision
Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+’s decision to implement…
Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings,…
FERC Staff Issues Final SEIS for Texas LNG
Staff at the Federal Energy Regulatory Commission (FERC) has issued a final supplemental environmental impact statement (SEIS) for…
Russia’s Oil and Gas Revenues Plunge Nearly 30% in July Amid Sanctions Pressure — UNITED24 Media
For the third consecutive month, the Russian federal budget has recorded a steep decline in oil and gas…
Crude Oil Production Hits 1.78mbpd in July
Crude Oil Production Hits 1.78mbpd in July Nigeria’s crude oil production rose to a peak of 1.78 million…
WEPCO Increases Onshore Gas Production from Egypt’s Western Desert
The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas…
China’s independent oil companies boost investments in Iraq
Chinese independent oil companies are intensifying their activities in Iraq, aiming to double their production to 500,000 barrels…
Oil little changed after hitting one-week low, oversupply concerns linger
Oil prices were little changed on Tuesday after three days of declines on oversupply concerns after OPEC+ agreed…
Oil prices decline again amid worries about Opec+ supply hikes
Oil prices moved lower on Tuesday, continuing a downward trajectory for August, as concerns about both supply and…
International Petroleum Corporation Announces Second Quarter 2025 Financial and Operational Results and Releases Sustainability Report
Reserves and Resources Total 2P reserves as at December 31, 2024 of 493 MMboe, with a reserve life…
Analysis-Sliding US rig count outpaces efficiency gains, threatening onshore oil output
By Georgina McCartney HOUSTON (Reuters) -The falling number of oil and gas rigs deployed across the United States…