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Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub said she is 'very bullish on oil prices, not this year or next, but I'm bullish on oil prices'.
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The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2025 and 2026 in its latest short term energy outlook.
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Cenovus acquired 8.5 percent of MEG's common stock through open trading, even as its takeover offer for the pure-play oil sands producer progresses with Strathcona dropping a competing bid.
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Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up for the week ending October 10.
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Greenflash acquired a proposed 200-MW battery energy storage system project in Fort Bend County from Advanced Power.
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More than 100 UK energy supply chain companies have called for Energy Profits Levy reform, industry body Offshore Energies UK announced.
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Three supertankers that were headed for Rizhao port are now looking for alternative berths, following US sanctions on the terminal that handles around a 10th of China's oil imports.
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Tamboran and its partners completed the biggest drilling campaign in the Beetaloo basin onshore Australia's Northern Territory, putting the Shenandoah South Pilot Project on track to start gas sales next year.
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BP expects a quarter-on-quarter increase in upstream production, sales volumes and refining margins in Q3.
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A record oversupply of oil will be bigger than previously estimated and the excess is already starting to build up on ocean going tankers, the IEA said.
