The Crude Crunch: U.S. Oil Industry Faces Turbulent Times
The U.S. oil industry is navigating through choppy waters, marked by massive layoffs and capital expenditure reductions,…
OPEC+ October Oil Production Increase Smaller Than Previous Hikes – News and Statistics
Sep 6, 2025 Eight OPEC+ nations are expected to agree to an increase in oil production during an…
Shell returns to Angola after two-decade absence
(Bloomberg) – Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s…
Iraq and BP Forge $25 Billion Kirkuk Oil Deal
BP engineers have arrived in Kirkuk and have launched initial assessments at four strategic oilfields in the northern…
Prospera Energy Announces Operations Update, Closing of White Tundra Petroleum Acquisition, and Signing of Joint Venture Partnership
Prospera Energy Inc. CALGARY, Alberta, Aug. 29, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF)…
EnerMech wins two-year cranes contract extension with Dubai Petroleum
EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with…
Saudi, Argentina, and China Push to Tap Giant Shale Reserves
Over the past decade, the United States has become the world’s biggest crude oil producer and the top…
Rystad Energy Reveals Surprising Oil Resource Trends
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion…
Trump Moves to Open 82% of Alaska’s Petroleum Reserve for Drilling
Since coming into office, United States President Donald Trump has doubled down on his “Drill, baby, drill” statement…
Exxon Hits Major Milestone in Guyana with Early Startup of Fourth Oil Vessel
Exxon Mobil Corporation (NYSE:XOM) is one of the best commodity stocks to buy. The stock delivered a major…
Is China Moving Into Position To Take Over Iraq’s Key Oil Project From The West?
The Common Seawater Supply Project (CSSP) is the key to unlock massive gains in oil output from Iraq.…
Cenovus in talks to jointly buy oil-sands producer MEG, sources say
(Bloomberg) – Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy…