Adnoc Makes $19 Billion Takeover Bid for Australia’s Santos
(Bloomberg) — Abu Dhabi National Oil Co. made an $18.7 billion offer for Australian fossil fuel producer Santos…
Oil ministry attends key OPEC statistical meeting in Vienna
A delegation from Libya’s Ministry of Oil and Gas has taken part in the 24th Annual Statistical Meeting…
Trump Plans Biofuel Quota Boost, Seeks to Crimp Imports
(Bloomberg) — The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year,…
OPEC+ Bets on Summer Demand as Q4 Glut Looms
The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided…
OPEC Crude Tanker Loadings Surge 24% as Production Cuts Unwind
OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week…
European Banks With Russian Units Help Keep Natural Gas
(Bloomberg) — Western banks including Raiffeisen Bank International AG that still operate units in Russia are helping some…
OPEC Chief Claims Oil Demand Growth Is Here to Stay
Crude oil demand will continue growing over the coming decades as the world’s population increases, the secretary-general of…
Crude Oil Price Drop Sta
A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled…
Crude oil prices climb above $67.2 as U.S.-China trade talks show promise
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal Oil prices increased on…
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…
Iraq’s Economy on Edge Due to High Oil Income Dependence
Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on…
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,…