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Gains were tempered by OPEC+ output increases and cautious Fed comments on rate cuts.
Indian Oil Corp. plans to start a joint venture with commodities trader Vitol Inc. in Singapore to trade oil and fuel products early next year, a person familiar with the development said.
'Persistently low crude prices have kept many buyers on the bench', EIR said.
The world's biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week.
Traders doubt the sanctions on Russia will meaningfully disrupt flows.
'Despite inflation and regulatory headwinds, confidence among CEOs is rising', KPMG said.
Venezuela revoked energy deals with neighboring Trinidad and Tobago for its support of a U.S. military offensive in the Caribbean.
Rigzone talks to Art Hogan, Chief Market Strategist at B. Riley Wealth, and Phil Flynn, a senior market analyst at the PRICE Futures Group.
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Progress in US and China trade talks helped limit losses as traders weighed the global supply outlook.
UK energy services provider Petrofac Ltd has applied to enter administration.
In its latest short term energy outlook, the EIA showed that world petroleum and other liquid fuels production outweighed consumption in the first, second, and third quarters of 2025.
Oil prices are expected to 'moderate' because of ample supply, according to the IEA.
'WTI prices falling into the $50s created an opportunity for the Trump administration to step up economic measures against Russia', J.P. Morgan analysts said.
The host of this year's OEUK awards ceremony has been revealed.
Oil prices steadied near recent highs as traders weighed new US sanctions on Russia against a growing supply glut.
India's Reliance Industries Ltd. has bought millions of barrels of crude from the Middle East and United States after Washington sanctioned two Russian producers.
Chinese state-owned companies including Sinopec canceled some purchases of seaborne Russian crude.
'Sentiment is souring', BMI analysts warned.
Oil surged over 5% after U.S. sanctions on Russia's top oil firms sparked fears of global supply disruptions.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.