Via Metal Miner German flats producer ThyssenKrupp Steel recently commissioned a modernized strip mill at its main site in Duisburg as well as new upstream equipment. On July 4, the steel industry titan released a statement detailing that the modernized hot rolled strip mill will be able to roll 3.1 million metric tons of hot...Continue Reading
bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance. SourceContinue Reading
Rising Phoenix Capital has acquired additional mineral rights in the Midland basin operated by ConocoPhillips. The assets were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. SourceContinue Reading
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. SourceContinue Reading
Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin. SourceContinue Reading
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading
U.S. and Brazil Become Key Oil Suppliers to India | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 1:30 PM CDT India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a...Continue Reading
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down...Continue Reading
Saudi Arabia’s Production Increase Sparks Credibility Concerns | 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 – Jul 11, 2025, 11:30 AM CDT After two years of playing the role of OPEC+ model...Continue Reading
The high dependence on oil for state revenues is squeezing Alaska’s budget when oil prices decline and making its economy grow below the national average. The struggling economy amid volatile oil prices is the key reason why Alaska has been rated as the worst state for doing business in America in 2025 by CNBC. Alaska...Continue Reading
