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OIL MOVES DOWN ON INVENTORY RISE.
Crude oil prices declined today following the Energy Information Administration's report of a 3.2 million barrel inventory build for the week ending March 22. This contrasts with the previous week's 2 million barrel draw, which was accompanied by a significant draw in gasoline inventories, providing price support.
- 2 years, 4 months
TOTAL ENERGIES FACES LEGAL CHALLENGE OVER SOUTH AFRICA DRILLING PLANS.
Environmental groups are contesting French oil major Total Energies' plans to drill five wells off the coast of South Africa in court. The groups aim to halt the drilling, alleging that the environmental impact assessment was not conducted in accordance with requirements.
- 2 years, 4 months
SANCTIONS BEGIN TO BITE INTO RUSSIAN OIL EXPORTS.
The tightening sanctions on Russia's oil exports are leading to increased freight costs for transporting Russian crude.
- 2 years, 4 months
OPEC SEES NO NEED FOR POLICY CHANGE PROPOSAL AT NEXT WEEK’S MEETING.
The OPEC+ group has decided that there is no need for a change in the next Joint Ministerial Monitoring Committee (JMMC) meeting.
- 2 years, 4 months
U.S. GAS PRODUCER OPTIMISTIC DESPITE VERY LOW NATURAL GAS PRICES.
U.S. domestic gas producers remain optimistic about gas as a fuel, despite current market challenges. They believe in its continued demand both domestically and internationally.
- 2 years, 4 months
CHINA'S ELITE OFFSHORE CONTRACTOR SHATTERS RECORDS, RAKES IN $4.3 BILLION IN REVENUE.
China's leading offshore contractor Offshore Oil Engineering Company (COOEC) soared to unprecedented financial heights last year, boasting sales revenue of 30.752 billion yuan ($4.3 billion).
- 2 years, 4 months
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