US Crude Production Hits Record High for Second Week in a Row, EIA Says
(Reuters) – U.S. field production of crude oil rose to a record high for a second week in a row last week, the U.S. Energy Information Administration (EIA) said in…
Oil Producers Need to Step Up Drilling to Sustain Output, EIA Says
HOUSTON, Nov 5 (Reuters) – Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the…
Oil Tanker Storage Surges as Russia and Iran Face U.S. Sanctions
The U.S. sanctions on Russia and Iran have led to an “unprecedented” large volume of crude oil stored in tankers, Torbjörn Törnqvist, co-founder of commodity trading giant Gunvor Group, said…
Ørsted Posts Massive $262 Million Q3 Loss As Offshore Challenges Mount
Ørsted, the world’s largest offshore wind developer, reported on Wednesday a loss for the third quarter amid soaring impairment charges as the offshore wind industry faces backlash in the United…
ADNOC: Oil Demand to Remain Above 100 Million Barrels Past 2040
Global oil demand will continue to grow in the coming decades and remain above 100 million barrels per day (bpd) in 2040 and beyond, ADNOC’s Upstream CEO Musabbeh Al Kaabi…
Portable gas safety tech on show at German trade fair
US-based MSA Safety will this week showcase its multi-gas detector technology at the A+A International Trade Fair & Congress in Düsseldorf, Germany. It will be the first time the six-gas…
Portable gas safety tech on show at German trade fair
US-based MSA Safety will this week showcase its multi-gas detector technology at the A+A International Trade Fair & Congress in Düsseldorf, Germany. It will be the first time the six-gas…
Green hydrogen with smart system powers Australia cotton project
Australian hydrogen developer Hiringa Energy has received US-made solar power technology that will help supply renewable energy to its low-carbon cotton project in New South Wales. Once installed the new…
Oil Steady Amid Weak Economic Data, Equity Markets
Summary Weaker data in the US, China fuel demand concerns Russia suspends fuel exports at Black Sea refinery US dollar index holds at three-month high (Reuters) – Oil prices were…
Australia’s Woodside Bets Big on LNG Boom With 2032 Growth Plan
Australia’s Woodside Energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven by growing demand for energy, especially in Asia. Growing at…


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