Crude oil prices extended gains last Friday, climbing to $71.55. However, the market is now encountering bearish pressure, with prices gravitating toward a critical support level at $70.58. Holding above…
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Brent crude oil prices briefly reached $75.36 per barrel but encountered significant resistance at that level, prompting a bearish correction. The price now appears poised to test the critical support…
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French energy giant TotalEnergies has entered into a cooperation agreement with state-owned Oil India Ltd (OIL) to carry out methane emissions detection and measurement campaigns at OIL’s sites across India.…
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Iraq’s fuel oil exports are poised to hit record levels in 2024, with shipments soaring in October due to a combination of reduced domestic demand and increased production. This surge…
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West Texas Intermediate (WTI), the benchmark for US crude oil, hovered around $68.95 per barrel on Thursday, showing little movement as a mix of factors weighed on the market. A…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially introduced its latest crude oil grade, the Utapate crude oil blend, to the international market. This announcement, made at the…
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Oil market forecasts from the International Energy Agency (IEA) may be overly pessimistic, with recent data suggesting a larger-than-expected drawdown in global inventories. This unexpected trend could prompt a revision…
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ExxonMobil has announced its decision to exit an offshore exploration block in Suriname, transferring its 50% stake in Block 52 to its partner, Petronas. The move comes as part of…
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Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), defended the role of crude oil and natural gas in the global economy during his speech…
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Petrol and diesel prices in Bhubaneswar saw an increase on November 21, 2024. Petrol prices climbed to Rs 101.11 per litre, while diesel reached Rs 92.69 per litre, reflecting a…