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Oil prices climbed in Asian trade as analysts highlighted tightening global supplies, rising Chinese crude imports, and ongoing Middle East risks. Commonwealth Bank of Australia warned of low global …
Brent crude surged past $107 per barrel amid escalating Middle East conflict and Red Sea shipping disruptions following Houthi rebel actions. The US dollar strengthened alongside resilient Treasury m…
Crude oil surged past $97 per barrel as military strikes between the US and Iran hit tankers near Kharg Island. Persistent Middle East supply disruption fears, coupled with rising Chinese imports and…
WTI crude surged to a three-month high amid escalating Middle East military clashes, including US-Iran strikes in the Strait of Hormuz and drone attacks on Saudi refineries. Combined with Ukrainian s…
Brent crude climbed toward $99 a barrel after Houthi attacks halted operations at Saudi energy facilities, including the 400,000-bpd Jazan refinery. Escalating tensions around the Strait of Hormuz an…
Iraq aims to increase crude oil production to 8–10 million barrels per day within six years. Supported by vast reserves, anti-corruption efforts, and TotalEnergies' $27-billion infrastructure project…
Chevron currently pumps approximately 280,000 barrels of oil per day through Venezuelan joint ventures and plans to expand output by 50% over the next two years.
Chevron, GE Vernova, and international energy firms are nearing final deals with Venezuela under its reformed hydrocarbons law. The agreements allow expanded oil production, field operations, and ene…
Chevron is nearing agreements with Halliburton to invest in Venezuelan heavy oil assets. The deal reinforces Chevron's status as the only major U.S. operator in Venezuela, expanding its crude portfol…
Venezuela claims the world's largest oil reserves at over 300 billion barrels, significantly surpassing the US's reported 46 billion barrels. However, these figures lack independent verification and …
Equinor entered Namibia's Orange Basin by acquiring a 17.4% interest in PEL 90 from Chevron. The Norwegian energy major targets a major oil discovery with drilling scheduled for 2026, joining peers l…
Woodside Energy reported a 27% jump in H1 net profit to $1.67 billion as higher oil and LNG prices offset a 13% production drop. Realized energy prices rose 20% amid tight global supply. The interim …
Potential Trump administration plans to target Iran's economic lifeline could severely disrupt global crude supplies, driving oil and retail gasoline prices higher.
Venezuela has signed energy deals with SLB and Hunt Oil to modernize its oil sector and boost output toward 1.25 million barrels per day, with over 500,000 bpd currently heading to U.S. refiners.
Crude oil prices tumbled 10% weekly, trading near $76, as a US-Iran peace agreement resolved shipping blockages in the Strait of Hormuz. With restrictions lifted, tankers are exiting the waterway and…
Crude oil prices plunged over 4% to around $81 following a landmark US-Iran peace agreement. The deal aims to end the Middle East conflict, reopen the critical Strait of Hormuz, and lift port blockad…
WTI crude oil prices rose on geopolitical tensions in the Middle East and ongoing Ukrainian strikes on Russian oil infrastructure. Despite weak Chinese demand and OPEC+ production plans, global suppl…
WTI crude oil prices surged to 1.5-week highs driven by escalating US-Iran geopolitical tensions and a significantly larger-than-expected draw in US crude inventories. Concerns over the Strait of Hor…
WTI crude oil dropped to six-week lows amid reports of a potential US-Iran deal to ease restrictions in the Strait of Hormuz. While implementation remains uncertain, the prospect of increased supply …