Oil Prices Stabilize Amid Anticipation of New Tariffs
Wedoany.com Report-Apr. 2, Oil prices held steady on Wednesday after thin trading, following a drop on Tuesday driven by worries over potential new U.S. tariffs. These tariffs, set to be detailed late...
Oil Prices Steady as Market Awaits Fresh US Tariffs
Wedoany.com Report-Apr. 2, U.S. oil prices showed some stability after falling earlier in the week amid concerns about new tariffs from President Trump. Brent futures dipped slightly to $74.47 a barre...
Venezuela’s Oil Exports Fall 11.5% Over Us Tariffs and Sanctions, Shipping Data Say
Wedoany.com Report-Apr. 2, Venezuela’s crude oil and fuel exports dropped by 11.5% in March due to new U.S. measures affecting its energy sector. The decline followed Washington’s introduc...
Oil Production Starts at Equinor’s Norwegian Field, Ushering in ‘New Era’ for Barents Sea
Wedoany.com Report-Apr 1, Norwegian state-owned energy giant Equinor has successfully started production at the Johan Castberg field in the Barents Sea, marking a significant milestone in the region. ...
US Oil Production Fell to 11-Month Low in January, Data Shows
Wedoany.com Report-Apr 1, U.S. crude oil production dropped significantly in January 2025, hitting a 13.15 million barrels per day (bpd) level, the lowest since February 2024, according to the U.S. En...
Petrobras Lowers Diesel Prices for First Time in More Than a Year
Wedoany.com Report-Apr 1, Petrobras lowers diesel prices for the first time in over a year, impacting fuel costs in Brazil. The state-run oil company announced a 4.6% cut in diesel prices, reducing th...
USA Crude Oil Inventories Down 3.3MM Barrels Wow
Wedoany.com Report-Mar 31, U.S. commercial crude oil inventories, excluding those in the SPR, decreased by 3.3 million barrels from the week ending March 14 to the week ending March 21, according to t...
Iraq’s Oil Refining Capacity to Reach 1.54 Million Barrels per Day
Wedoany.com Report-Mar 31, The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Sunday that the country’s refining capacity will soon reach 1.54 million barrels per day. Part of the B...
China’s CNOOC Discovers 100 Mln-Ton Oilfield in South China Sea
Wedoany.com Report-Mar 31,The China National Offshore Oil Corporation announced on Monday that it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 mil...
PetroChina Reports Record 2024 Net Income on Higher Production
Wedoany.com Report-Mar 31, PetroChina (601857.SS), Asias largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower...