Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, […]
ConocoPhillips is considering a potential sale of its minority stake in a Shell-operated oil and gas platform in the U.S. Gulf of Mexico, which would mark the exit of ConocoPhillips from U.S. offshore operations, sources […]
Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days as the OPEC member begins […]
Cyprus’ Ministry of Energy, Commerce, and Industry and Chevron have agreed to further their cooperation on the viable and efficient development of the Aphrodite field. In this regard, the Minister of Energy Natasa Pilides and […]
During US President Joseph Biden’s trip to Saudi Arabia, the world was so focused on how Crown Prince Mohammed bin Salman would respond to his plea to pump more oil immediately that it missed a […]
ConocoPhillips chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead. Ryan Lance, head of […]
Some ESG funds have started to include traditional energy stocks in their portfolios. ESG-focused U.S. mutual funds saw in May the first net withdrawals from funds since December 2018. Especially in Europe, funds have an […]
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any major resurgence of covid in […]
TC Energy, the operator of the Keystone Pipeline, declared force majeure on Monday following a power outage in South Dakota, which reduced the flows on the link carrying crude from Canada to the U.S. TC Energy said […]
HOUSTON, Jul. 14 /BusinessWire/ — Three leading U.S. oil and natural gas producing companies, Pioneer Natural Resources Company (NYSE:PXD), Devon Energy Corp. (NYSE:DVN) and ConocoPhillips (NYSE:COP), jointly announced today that they have joined the Oil […]
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