News

Oil falls as Iran affirms commitment to nuclear treaty
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major ...
Could California start producing more oil? Gov. Newsom is considering it
Siva Gunda, the Vice Chairman of the California Energy Commission, submitted a set of recommendations around oil refining and ...
Can OPEC+ flood the world with crude? It’s harder than oil traders think.
A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude ...
OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...
Husband-and-Wife Team’s Bold Foray Into Oil Refining Ends Badly
When the French oil major TotalEnergies SE was struggling to find a buyer for the Lindsey oil refinery in England back in ...
BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...
Oil and gas drilling licence surrendered at site
A licence to drill for oil and gas at a site in Surrey has reportedly been relinquished by UK Oil & Gas (UKOG). The firm had ...
US Refiners Rely on Shale More Than Ever as Heavy Oil Supplies Dwindle
American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...
Key evidence shown in Diddy trial: Baby oil, drugs, more
Prosecutors presented a trove of evidence in the Diddy trial, including guns, drugs, baby oil and more found in Sean Combs' ...