Industry News

Abu Dhabi National Oil Co., the UAE's state oil company, said it would change how it prices its crude oil grades.

Oil finished July with its strongest monthly gain since March as geopolitical conflicts raised concerns about global crude supplies.

ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases.

Chevron Corp. posted record second-quarter results that outperformed expectations.

Crude oil stocks, not including the SPR, stood at 404.5 million barrels on July 24, the EIA's latest weekly petroleum status report showed.

'Once fully constructed in 2032, the campus will support up to 1.8 gigawatts (GW) of utility capacity and over 1.2 GW of compute capacity - backed by up to 4.6 GW of dedicated generation resources paid for and built specifically for the project'.

Ukraine struck one of Russia's largest oil refineries.

'S.5039 reauthorizes a long-standing policy that is an important framework for federal land producers', Dan Naatz, IPAA EVP and Chief Policy Officer, said.

'Our decision to exit is driven by disciplined capital allocation and portfolio choices, as we focus on opportunities that strengthen our integrated LNG value chain'.

Both Brent and West Texas Intermediate oil prices were down on Friday but still on track for notable monthly gains, Naeem Aslam, CIO at Zaye Capital Markets, outlined.

'The decision forms part of BP's ongoing portfolio review and reflects its disciplined approach to capital allocation - all in service of creating a simpler, stronger and more valuable company'.

Saudi Arabia discussed with military representatives of 43 countries the formation of a multinational alliance charged with protecting maritime navigation, hoping to counter a blockade the Houthis imposed on the kingdom.

Oil loadings by Saudi Arabia and other major producers inside the Persian Gulf remained subdued.

Oil prices fell as increased shipping through the Strait of Hormuz offset escalating geopolitical tensions.

BP has raised the production capacity of the Atlantis deepwater field by 10,000 barrels of oil equivalent a day.

Eni announced that it is opening up its supercomputing capabilities to the 'innovation ecosystem'.

Brazil's national oil company is producing more than the designed capacities of offshore platforms deployed at Buzios and other deepwater fields.

'This milestone marks the first major long-term LNG supply arrangement between Canada and Germany and represents a significant step in strengthening the strategic energy partnership between both countries'.

The U.S. Energy Information Administration's latest gasoline fuel update showed a rising price trend for U.S. regular gasoline.

Petronas penned an initial agreement to continue supplying liquefied natural gas to Hokuriku Electric, the latest Japanese utility to recently tap Malaysia's national oil and gas company for LNG supply.