Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. The FGP expansion aims to increase crude oil production by 260,000 bpd at full capacity. SourceContinue Reading

UK Approves Europe’s Largest AI Data Centre | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jan 24, 2025, 4:00 PM CST Hertsmere Borough Council has approved...Continue Reading

Trump Freezes Department of Energy’s $50 Billion Budget | 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 – Jan 24, 2025, 3:00 PM CST In a sweeping move that halts billions in spending,...Continue Reading

Trump Reignites Coal Industry at Davos | 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 – Jan 24, 2025, 2:30 PM CST In classic Trump fashion, the President declared at the World Economic...Continue Reading

Bolivia’s Lithium Ambitions Face Economic and Environmental Headwinds | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jan 24, 2025, 2:00 PM CST Bolivia holds the world’s...Continue Reading

In an escalation of war, Ukrainian drones targeted the massive Ryazan oil refinery, one of Russia’s most critical energy assets. The overnight attack set a 20,000-ton oil storage tank ablaze and damaged vital infrastructure, including a hydrotreater and railway loading rack. This refinery, which processes 262,000 barrels per day (bpd)—nearly 5% of Russia’s refining capacity—ground...Continue Reading

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, after a 4-rig drop in the week prior. The total rig count fell by four rigs, to 576, according to Baker Hughes, down 45 from this same...Continue Reading

India has received clarification from the U.S. that the Russian oil tankers sanctioned earlier this month are allowed to discharge their crude at Indian ports until February 27, Indian oil secretary Pankaj Jain said on Friday. “There was a round of clarification by OFAC (the U.S. Office of Foreign Assets Control). Formally they did clarify...Continue Reading

Saudi Oil Giant Aramco Buys Its First U.S. WTI Midland Crude Cargo | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 24, 2025, 10:30 AM CST The world’s biggest crude oil exporter, Saudi Aramco, bought this week its first cargo of U.S. WTI Midland, the...Continue Reading

Trump Pressures OPEC to Lower Oil Prices, Aims to End Ukraine War | 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 – Jan 24, 2025, 10:00 AM CST...Continue Reading