Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In

By and Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world’s riskiest geopolitical hotspots, as President…

Oil Servicers Look to Middle East for Growth on Shale Slowdown

By The world’s largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in US shale. That’s one of the big takeaways from…

US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since November, energy services firm Baker…

Williams Weighs Buying Gas-Producing Assets to Enhance AI Energy Supply to Hyperscalers, Sources Say

(Reuters) – Williams Companies is exploring buying natural gas production in the United States, a rare foray for an energy infrastructure operator, as it aims to secure natural gas supplies…

Oil Tankers Wait Offshore as Russia Redirects Barrels to China

Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the…

Mexico Seeking Way to Send Fuel to Cuba Without Being Hit by US Tariffs, Sources Say

(Reuters) – Mexican officials are evaluating how to send fuel to Cuba to help meet basic needs such as electricity and transportation without triggering reprisals from Washington, which has threatened…

India Resumes Venezuelan Crude Purchases After U.S. Opens Market

India’s largest private refiner, Reliance Industries, is buying Venezuelan crude again, securing the first Indian purchase of oil from the world’s top reserves holder since the U.S. took control of…

Oil Markets Waver as Iran Prepares for Prolonged Nuclear Negotiations

Ahead of the U.S.-Iran nuclear talks on Friday, Tehran signaled that the negotiations will likely be a long process, dashing hopes of a quick and more sustainable de-escalation of tensions…

India’s Imports of Russian Oil Dropped Sharply in December

Russian oil exports to India fell to less than 25% of the country’s total imports in December, from 34% in November, hitting the lowest in 38 months, The Hindu reported,…