Papua New Guinea's government has finally passed the legislation required to establish a new upstream oil and gas regulator ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand ...

By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels ...

Distillate fuel inventories grew by 3.9 million barrels from the previous week. Crude oil imports increased by 98,000 bpd, averaging 5.9 million bpd. Over the past four weeks, crude oil imports ...

Those rising cash returns could help give ConocoPhillips the fuel to produce strong total returns for its investors this year if oil continues to hover around $70 a barrel. Devon Energy has ...

Kazakhstan raised crude oil and gas condensate production in February by 13% from January to a record high 2.12 million ...

Brent crude oil futures settled up $1.51, or 2.1%, at $74.04 a barrel. US West Texas Intermediate crude oil futures rose $1.73, or 2.5%, to $70.35. The contracts had settled in the previous ...

GUPCO plans to further develop the discovery by drilling two additional wells, which are expected to increase daily crude oil production by more than 5,000 barrels. Preliminary test results from ...

BP will aim to produce up to 2.5m oil barrels per day - Stuart Conway The chief executive of BP has admitted the company “went too far, too fast” in its shift to net zero, adding a decision to ...

The firm said it plans to increase its production to between 2.3 million and 2.5 million barrels of oil per day by 2030, with hopes of "major" oil and gas projects starting by the end of 2027.