OPEC boss disputes end of oil
08/05/2024 by Mark
Haitham Al Ghais, the Secretary General of OPEC, has written an op-ed for the Middle East Economic Survey whereby he
ExxonMobil expects approval for Pioneer acquisition this quarter
03/05/2024 by Richard
Speaking in an interview with Bloomberg, Kathy Mikells, the Chief Financial Officer of ExxonMobil, said she expects that the Federal Trade Commission will give
EnQuest to develop two new North Sea oil fields
24/04/2024 by OilStoreAdministrator
UK-based oil exploration and production company EnQuest is reportedly planning to develop a further two fields close to the Kraken field.
ExxonMobil approves sixth Guyana oil project
22/04/2024 by Richard
US-based oil major ExxonMobil has revealed that it has made its final investment decision for the Whiptail project, which will be its sixth offshore of Guyana.
Hedge fund giant predicts tight oil market this year
18/04/2024 by Mark
According to hedge fund Citadel’s head of commodities, the market for crude oil will become “extremely tight” later this year.
OPEC+ to keep oil production steady
17/04/2024 by Richard
At its latest meeting of the Joint Ministerial Monitoring Committee (JMMC), a panel of ministers from oil-producing countries participating in the OPEC+ deal decided to
OPEC boss says upstream oil industry needs $11.1 trillion in investment
05/04/2024 by Mark
OPEC Secretary General Haitham Al Ghais has said that some $11.1 trillion will need to be invested in
ExxonMobil on track to double LNG portfolio
02/04/2024 by Mark
American oil giant ExxonMobil is well on track to doubling its trading volume of liquefied natural gas (LNG) to
The US is now the top oil producer in history
26/03/2024 by OilStoreAdministrator
The United States has gained the status of being the biggest oil producer that the world has ever seen, according to
EIA increases its oil price forecast
18/03/2024 by Mark
In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) has raised its prediction for average oil prices for
Exxon seeks arbitration over Guyana
15/03/2024 by OilStoreAdministrator
US-based oil major ExxonMobil has filed for arbitration to settle the future of operations in the Stabroek block offshore of Guyana.
EIA reports increased US oil production
14/03/2024 by Richard
The US Energy Information Administration (EIA) has published analysis revealing that record-high oil production in the United States is being driven by