Venezuela Oil Exports Hit Seven-Year High
Venezuela’s oil exports rose to 1.23 million barrels per day (bpd) in April, the highest level since 2018, as shipments to the United States, India, and Europe accelerated. Exports climbed…
Chevron Earnings Top Estimates While Refining Swings to Loss
Chevron beat first-quarter expectations as higher oil prices lifted upstream earnings, offsetting a sharp swing to losses in refining. Adjusted earnings came in at $1.41 per share, well above expectations.…
Ukraine Hits Russian Black Sea Oil Port Four Times in One Week
Russia’s Black Sea port of Tuapse was targeted and hit by a new Ukrainian drone strike early on Friday, in the fourth attack on the port in just one week…
ADNOC to award $55 billion in projects as UAE pushes oil growth strategy
(WO) – Abu Dhabi National Oil Company (ADNOC) has outlined plans to award up to $55 billion in projects between 2026 and 2028, signaling an acceleration of upstream and broader…
Syria Still Leans on Russia for Oil Supply
Russia remains Syria’s top oil supplier and has even boosted its sales so far this year despite the fact that the Middle Eastern country emerged from a 14-year-long civil war…
Exxon Beats Q1 Earnings on Oil Price Surge Despite 6% Production Drop
Higher oil prices drove the first-quarter adjusted earnings at ExxonMobil (NYSE: XOM) above the analyst estimates as the jump in prices more than offset lower oil and gas production in…
Pakistan Imports First LNG Cargo in Weeks in Relief for Energy Crisis
Pakistan has welcomed the first LNG cargo in almost two months as an LNG carrier docked at the GasPort terminal in what would be the first relief to the energy…
Iran Warns of $140 Oil as Trump Holds Hormuz Blockade
Oil prices could spike to $140 per barrel as the U.S. is keeping its blockade outside the Strait of Hormuz, Iran says and signals it won’t open the chokepoint to…
U.S. Oil and Gas Firms Sign Deals to Operate in Venezuela
Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the…
INEOS and Sandpiper to develop $1.7bn blue methanol plant in Texas City
By 13 min ago 2 min read British specialty chemical manufacturer INEOS Acetyls (INEOS) and Houston-based chemical company Sandpiper Chemicals (Sandpiper) have partnered to build one of the US’s first…
