Western Canada Select Crude Oil Discount Widens to Near One-Year High
On Monday, the discount for Western Canada Select crude oil relative to the North American benchmark...
Shell Adjusts Strategy to Counter Weak Oil Prices: Cuts Spending and Boosts Oil and Gas Output
Shell CEO Wael Sawan recently stated that the company will "focus on what we can control" to address...
Kazakhstan's Crude Oil Exports Drop 30% in January; Increased Flows via Druzhba Pipeline to Germany Fail to Offset Impact of Field Shutdown
Kazakhstan's crude oil exports experienced a significant decline in January, decreasing by nearly 30...
Approval of Texas Deepwater Oil Terminal to Boost U.S. Crude Export Capacity
The U.S. federal government recently approved a project to construct a deepwater oil terminal along ...
China's Chambroad Buys Canadian Crude for May Delivery
Wedoany.com Report on Feb 3rd, Chinese independent refiner Chambroad Petrochemical has bought one Canadian crude cargo for May delivery, four trade sources said on...
Rise in Price of Azerbaijan's Azeri Light Crude Oil Affects Global Oil Prices
According to market news released from Baku, the price of Azerbaijan's main export oil product, Azer...
India Plans $100 Billion Investment in Oil and Gas Sector to Expand Exploration and Refining Capacity
Indian Prime Minister Narendra Modi announced on Tuesday, while inaugurating the fourth edition of I...
New Oil and Gas Resources Discovered in the Knockando Fensfjord Exploration Area in the North Sea Brage Region
Norwegian oil and gas operator OKEA and its partners recently made a new oil and gas discovery in th...
Rising Oil Prices Drive ExxonMobil and Chevron to Their Best Monthly Performance Since 2022
Driven by climbing energy prices and improving industry fundamentals, the stock prices of U.S. oil g...
Kazakhstan's Tengiz Oil Field Resumes Production with Output Gradually Increasing
Kazakhstan's largest oil field, the Tengiz oil field, has begun to resume oil production. The field ...