U.S. Steel Prices Pressured by Influx of Vietnamese Imports | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jun 19, 2024, 12:00 PM CDT Steel prices in...Continue Reading

Block 49 and Block 50 are Chevron’s first operated assets outside the Cabinda concessions and are near other productive offshore concessions, like Block 17. Post exploration, these new blocks are expected to yield substantial returns and enhance Angola’s portfolio of ultra-deepwater assets. SourceContinue Reading

Preliminary evaluation of the offshore gas condensate discovery indicates gross recoverable resources in the range of 16-38 million barrels of oil equivalent (MMboe) with a mean of 25 MMboe, well above predrill estimates. Just over half of the resources were encountered in the Middle Jurassic primary target, and the balance in the Upper Jurassic secondary...Continue Reading

Nigerian Oilfield Shut Down after Oil Spill | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 19, 2024, 11:30 AM CDT Oil production at Nigeria’s OML 29 onshore field has been shut down as a precautionary measure after an oil spill was detected earlier this...Continue Reading

The Italian oil and gas company is working with advisers including Standard Chartered Plc on the possible stake sale, the people said, asking not to be identified as the information is private. Eni could sell up to 30% of the business and is drawing interest from other energy companies, including from Asia, the people said....Continue Reading

Senegal Is Betting on Both Fossil Fuels and Renewables for Its Energy Boom | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jun 19, 2024, 11:00 AM CDT...Continue Reading

U.S. Supports Angola to Process Critical Minerals | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 19, 2024, 10:30 AM CDT The United States will support Angola, one of the largest oil producers in Africa, in its efforts to establish a critical minerals processing industry...Continue Reading

Demand Pessimism on Oil Market Dissipates | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 19, 2024, 10:00 AM CDT Traders’ pessimism in the global oil market began to increase after OPEC...Continue Reading

China Looks to Curb Overcapacity in Its Lithium Battery Industry | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 19, 2024, 9:30 AM CDT China issued on Wednesday new guidelines for its lithium-ion battery industry in a bid to put quality over quantity in battery manufacturing, whose...Continue Reading

Will the World See a “Staggering” Oil Supply Glut in 2030? | OilPrice.com Premium Content By Robert Rapier – Jun 19, 2024, 9:00 AM CDT The IEA predicts a future oil supply glut due to electric vehicles and rising non-OPEC+ production. Past predictions of oil decline have been inaccurate, such as Bloomberg’s forecast of a...Continue Reading