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Oil edges down as extended OPEC+ supply cuts highlight weak demand

06/12/2024

Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended

Equinor and Shell to create the UK’s largest independent oil and gas company

06/12/2024

Equinor UK Ltd, a subsidiary of Equinor ASA and Shell UK Limited, a subsidiary of Shell plc are to combine

Russia’s 2024 oil output seen declining to 518-521 mln T

06/12/2024

Russia is expected to produce 518-521 million metric tons (10.36-10.42 million barrels per day) of oil this year and roughly

Offshore drilling and completion inflation expected to slow amid cooling floater market

06/12/2024

The floater market has been a bull one the last few years, and rig rates are at decade highs. But

Bank sold over $270 million of US oil futures ahead of OPEC+ meet, source says

06/12/2024

A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person

BP’s Tangguh LNG Train 3 to return to normal operation in 1-2 days, regulator says

06/12/2024

BP’s Tangguh LNG Train 3 is expected to return to normal operation within a fewdays following a disruption last month,

German gas levy limbo raises risk of higher costs for edgy neighbours

06/12/2024

The collapse of Germany’s governing coalition risks delaying a draft law on waiving a costly gas storage levy for foreign

OPEC+ delays oil hike until April, extends cuts into 2026 – sources

06/12/2024

OPEC+ has agreed to delay plans to raise oil output until April from January 2025 and the group will also

OPEC+ output cuts turned US into top energy exporter, Rosneft’s Sechin says

06/12/2024

Igor Sechin, the head of Russia’s largest oil producer Rosneft ROSN.MM, said on Thursday that the OPEC+ group’s decisions to

What OPEC+ oil output cuts are currently in place?

06/12/2024

OPEC+ delayed a planned increase in output further into next year as it faces a weaker oil demand outlook.

The oil

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