Equinor and Partners Approve $2 Billion Fram Sør Project
A new oil and gas project in the North Sea has been greenlit by Norwegian oil major Equinor…
Lula’s Brazil Doubles Down on Oil and Cash
A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to…
Trump wants oil producers to pump more crude amid fear of Iran response
By AAMER MADHANI and CHRIS MEGERIAN, Associated Press WASHINGTON (AP) — President Donald Trump thanked Iran for giving the U.S.…
Ivory Coast sets ambitious targets to boost oil production by 2035
(Bloomberg) – Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted…
Why Big Oil Isn’t Afraid of Peak Oil Demand
Big Oil firms expect global oil demand to stop growing at some point early next decade. But the…
Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale
Argentina’s Vaca Muerta shale play posted significant first-quarter gains in 2025, building on last year’s strong performance, with…
Nigeria Crude Oil Exports: N12.96tn in Q1 2025
Oil producers exported crude oil and other petroleum products worth N12.96tn in the first quarter of 2025, even…
U.S. Crude Production Set For A Decline Amid Low Oil Prices
Earlier in the year, U.S. Treasury Secretary Scott Bessent unveiled his ambitious“3-3-3” plan wherein the Trump administration will…
EIA Calls Peak Shale as Drilling Activity Declines
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a…
Permian Oil Producers Face Higher Costs With New Saltwater Rules As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal
As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
Morgan Stanley: OPEC+ Fails to Deliver on Output Pledge
The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized,…