Oil Company News

Norway's Equinor resumed production at its Sverdrup oilfield overnight after an onshore power outage forced operations to be halted Monday...

Norway's Equinor has halted production at its Sverdrup oilfield, one of the largest in the North Sea, due to an onshore power outage...

in Leong founder Lim Oon Kuin has been hit with a prison sentence of over 17 years after being found guilty on charges of cheating and forgery...

Sinopec and Saudi Aramco have begun construction work on a large oil refining and petrochemical cracking complex in the southern Chinese...

The diesel forward curve in Europe returned to backwardation this week as strengthening demand prospects tightened market outlooks...

Spain's Moeve reported a third-quarter loss Friday, its second this year, as weak refinery margins and a drop in domestic sales...

European air travel steeply declined last week as demand retreated further from summer's seasonal highs, but was still sharply higher on the year...

The Panama Canal Authority could build an oil pipeline to facilitate shipments of the flagship US crude WTI...

Nigeria's state-owned oil company has set ambitious targets to ramp up its crude oil production...

US distillate stocks shrunk last week as surging demand met lower output, EIA figures showed Thursday....

Poland's Orlen reported a near wipe-out in third quarter earnings Thursday, as it blamed bad investment decisions taken by prior....

The CEO of Occidental Petroleum has welcomed Donald Trump's election victory but gave a measured outlook on further US...

The IEA raised forecasts for global oil demand this year but lowered its outlook for 2025, as short-term strength in European gasoil demand...

S&P Global trimmed its forecasts for the BEV market share in the EU in 2025, signalling a major barrier to meeting mandates as challenges...

Houston-based Coterra Energy has agreed to buy for $3.95 billion the Permian Basin assets of two other companies...

Argentinian's GeoPark Limited is producing 4,000 bpd of oil from its recent entry into the Vaca Muerta unconventional shale formation...

Sinopec has started up a 1.2 million mt per year ethylene plant in Tianjin, northern China, boosting its capacity in the region to 2.5 million mt...

Aemetis said it expects the Californian government to approve year-round sales of E15 gasoline next year, spurring more than 600...

Rhine barge rates climbed to two-month highs Wednesday as barge restrictions remain in place after water levels sunk to fresh lows for...

Crude stored in EU-16 countries dropped to its lowest level since the early 1990s last month, driven by slowing production....