Iran’s crude oil storage capacity increases by 2m barrels
The completion of major repairs and upgrades to Tanks 25 and 26 at the Kharg oil terminal was…
Oil prices tumble as Trump hints US near nuclear deal with Iran
Oil prices slid more than 3% before paring losses on Thursday after President Trump hinted that the US…
Strathcona Resources Sells Montney Shale Assets for $3 Billion
Strathcona Resources has exited the Montney shale after striking deals to sell its assets there to three companies,…
U.S. Shale Industry Braces for Increased Saudi Oil Production
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price…
U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says
Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus…
Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier
Saudi Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant in Hawiyah, in the…
Trump’s Energy Policies Are Set to Significantly Boost U.S. Emissions
Despite having invested heavily in clean energy under former President Joe Biden, the U.S. is now falling back…
Oil prices are down. It means something different in Canada vs. the U.S
A steep drop in oil prices in the first months of the year has undermined any plans for…
Saudi Arabia’s New Oil Play – Embracing the Glut to Win the Long Game
By Irina Slav – May 05, 2025, 12:00 PM CDT Oil markets took another hit this weekend as…
OPEC+ agrees to boost output in June despite falling oil prices
Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies…
Chevron Meets Wall Street Profit Expectations in Q1 Amid Refining Sector Recovery – News and Statistics
May 2, 2025 Chevron has announced its first-quarter earnings, aligning with Wall Street expectations, as the company experiences…
Petrobras posts slight drop in first-quarter oil and gas output
RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids…