Dubai OPEC+ has opted to raise oil production by approximately 548,000 barrels per day in August, marking a sharp departure from earlier plans and surprising markets worldwide. The move, confirmed in ...

Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...

The expanded output plan will add 548,000 barrels a day starting in August, with a similar increase under consideration for September. The move accelerates OPEC+’s strategy to reclaim market share, ...

Perception is your reality, but not necessarily THE reality! Or, said differently: What we believe to be true isn’t always the truth. On June 19, 1865 (Juneteenth), the last of the slaves in the USA ...

Perception is your reality but not necessarily THE reality! Or, said differently, what we believe to be true isn’t always the truth. On June 19, 1865 (Juneteenth) the last of the slaves in the USA ...

More companies, governmental entities and regular people have been joining a class-action lawsuit in federal court involving allegations that some of the country’s largest oil producers have colluded ...

China avoided purchasing US crude for the third straight month - the longest stretch since 2018 - delivering a fresh blow to ...

American refiners are relying more heavily than ever on domestic shale oil, consuming the lightest blend of crude on record, Bloomberg writes.  With supplies of heavier crude from Mexico declining and ...

China has avoided buying U.S. crude oil for three straight months—the longest dry spell since 2018—delivering another hit to ...

In North and Central America, where unconventional oil and gas plays like the Permian Basin, Eagle Ford, and Vaca Muerta are ...

Petroleum Minister Gwede Mantashe to lift moratorium on shale exploration once regulations published — and berates ...

American refiners are relying on oil supplies from the country’s biggest shale basins more than ever as flows of denser ...