Oil declined for a second day as the spread of Covid-19’s delta variant in China threatens to disrupt the recovery in global crude consumption.
Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, people familiar with the matter said.
Russia increased oil production in July for the first time in three months, after more generous quotas were extended to the entire OPEC+ alliance.
The United Arab Emirates agreed to sell its first cargo of blue ammonia as the oil producer aims to boost supply of cleaner fuels to buyers in Asia.
ConocoPhillips beat estimates as rising commodity prices led America’s biggest independent oil producer to the highest profit in nearly three years.
Trinity Exploration & Production plc (AIM: TRIN) has announced that Bruce Dingwall, the company’s executive chairman, has been hospitalized due to a serious health incident.
TotalEnergies (NYSE: TTE) has announced that it and its partners have taken the investment decision for the fourth phase of the Mero project.
Eni (NYSE: E) has announced a new oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10, offshore Mexico.
Whilst unconfirmed, the attack on the MT Mercer Street oil tanker emulates that of the ongoing Isreal/Iran shadow war, according to Dryad Global’s latest Maritime Security Threat Assessment.
BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.