Iran Targets Dramatic Output Increase From Oil Fields Bordering Iraq
Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according…
US crude oil price evening update
EUR/USD price rallied in latest intraday trading, supported by a stream of positive signals from the Stochastic, with…
Shell acquires Pavilion Energy | Energy Connects
Shell has finalised its acquisition of Pavilion Energy from Temasek Holdings, enhancing its position in the global liquefied…
Crude Oil Inventories Climb As OPEC Prepares to Open the Tap
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million…
OPEC Cuts Oil Production in March, Ahead of Ramp Up Plans
The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned…
U.S. Oil Output Drops to Lowest Level in 15 Months
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it…
Kazakhstan Keeps Exceeding OPEC+ Quota With Record-High Oil Production
Kazakhstan’s combined crude oil and condensate production reached an all-time high in March, which further exceeded the country’s…
OPEC+ To Increase Oil Production in May: Report
OPEC+ is expected to agree on a plan that would see production for the group increase in May,…
Iran Oil Tanker Seizure Stokes Tensions with U.S.
Iran’s Revolutionary Guard has seized two foreign oil tankers in the Persian Gulf, accusing them of smuggling diesel…
Brent Crude Oil Price Rises Above $71
Brent crude oil is trading above $71 per barrel today, marking its highest level since late February. As…
US crude oil price hits five-week high – Forecast today
US crude oil price kept rising in latest intraday trading, after considerable gains yesterday that pushed the price…
Peak Permian? Geology and Water Say We’re Close
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas…