Gold and oil – two of the most influential commodities on the planet – have a fascinating relationship that has evolved over decades, captured in the gold-to-oil ratio. The gold-to-oil ratio represents the number of barrels of crude oil equivalent in price to one troy ounce of gold. It is viewed as an indicator of...Continue Reading

Nigeria’s Local Currency Crude Oil Plan Hits Roadblocks | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Nov 22, 2024, 2:30 PM CST Nigeria’s ambitious strategy to price crude oil in naira...Continue Reading

Iran Escalates Nuclear Tensions with Advanced Centrifuge Installation | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Nov 22, 2024, 2:00 PM CST Iran will install new...Continue Reading

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, after falling in the week prior. The total rig count fell by a single rig for the second week in a row, landing at 583 total...Continue Reading

Czech Republic to End Russian Oil Imports by Next Summer | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Nov 22, 2024, 11:30 AM CST The Czech Republic will phase out Russian...Continue Reading

Electromagnetic Geoservices (EMGS) announced they have signed a contract with an undisclosed client for a controlled source electro-magnetic (CSEM) survey in India. The survey is expected to have a contract value of approximately USD 10 million, including mobilization fee. SourceContinue Reading

North Africa’s main oil producer, Libya, is again making headlines, mainly in light of OPEC’s ongoing market struggles. At the same time, Europeans are looking at the OPEC member as a potential source for their energy-hungry industries. After Europe’s energy crisis, mainly caused by Russia’s invasion of Ukraine, the Southern Mediterranean is back on the...Continue Reading

Russia to Lift Gasoline Export Ban Earlier Than Planned | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 22, 2024, 10:30 AM CST Russia’s government plans to lift the gasoline export ban earlier than current plans at the end of the year, Russian Deputy Prime...Continue Reading

ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. The integration will add seamless value to ConocoPhillips’ deep, durable and diverse portfolio while meeting our strict financial framework, said CEO Ryan Lance. SourceContinue Reading

Oil States has introduced an industry-first Low Impact Workover Package (LIWP). The LIWP is engineered to empower operators to safely and cost-effectively plug and abandon aging subsea wells while minimizing wellhead loads and streamlining operations. SourceContinue Reading