Oil prices remained relatively unchanged during Thursday’s intraday trading sessions, following a sharp decline of more than 4% on Tuesday, which brought prices to a near two-week low. This drop…
Fuel Oil
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Oil prices showed little change during Wednesday’s intraday session following a significant drop of over 4% on Tuesday, reaching a near two-week low. This decline comes amid easing concerns over…
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China’s Sinopec has a remarkable increase in oil production at its Jiyang shale field, boosting output from 100 tons per day in 2021 to 1,600 tons per day in 2024.…
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Oil prices opened Wednesday with tentative gains, rebounding from a significant decline experienced on Tuesday. The fluctuations in oil prices come as traders refocus their attention on the ongoing situation…
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Crude oil prices experienced a significant decline today following that Israel is prepared to refrain from targeting Iranian oil facilities in its military response. This news had oil traders on…
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The China National Offshore Oil Corporation (CNOOC) has reported record-breaking production of crude oil and natural gas from its first independently constructed ultra-deepwater field, known as Deep Sea #1. The…
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Crude oil prices have begun to decline as the week draws to a close, yet they are poised to achieve another weekly gain, buoyed by ongoing tensions in the Middle…
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ExxonMobil is set to increase its crude oil production offshore Guyana by 18,000 barrels per day, which cites a senior company executive. The increase will come from the Unity platform,…
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The U.S. Federal Reserve recently reduced interest rates, and the European Central Bank followed suit, acknowledging the easing of inflationary pressures. However, this trend may shift if violence in the…
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The Inflation Reduction Act (IRA), often referred to as President Biden’s climate law, has garnered unexpected backing from the oil and gas industry, which many critics claim the legislation aims…