Diamondback Energy is in talks to acquire Double Eagle, according to The Wall Street Journal and people familiar with the matter. The deal would be valued at around $5 billion, and a formal announcement could be made in the upcoming days, sources said. SourceContinue Reading
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior. The total rig count rose by 2 rigs, to 588, according to Baker Hughes, down 33 from this same...Continue Reading
Last month’s U.S. sanctions on Russian oil exports have upended global oil trade as Asia rushes to cover Russian barrels with alternative supply and tanker rates soar amid significantly decreased availability of non-sanctioned vessels. The Biden Administration’s farewell sanctions on Russian oil trade were the most aggressive yet and sanctioned dozens of vessels that Russia used to...Continue Reading
ADNOC Drilling to Seek $1 Billion Financing to Fund Growth | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 14, 2025, 10:30 AM CST ADNOC Drilling Company, the drilling unit of Abu Dhabi’s national oil company, plans to borrow $1 billion from banks this year...Continue Reading
India to Hike Oil and LNG Imports From the U.S. to Avoid Trump’s Tariffs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 14, 2025, 9:30 AM CST India, which has a massive trade surplus with the United States, will aim to buy more American...Continue Reading
The Trump administration is back on the “maximum pressure” train, and this time, Treasury Secretary Scott Bessent says they’re gunning to slash Iran’s oil exports to a mere 100,000 barrels per day—down from its current 1.5-1.6 million bpd. That would equate to a 90% drop. The announcement sent oil prices slightly higher today as traders...Continue Reading
Oil Refiners Boost Biofuel and Petrochemical Production | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Feb 14, 2025, 8:30 AM CST Refiners have started to produce growing volumes of cleaner...Continue Reading
By Editorial Dept – Feb 14, 2025, 8:30 AM CST Is this the end of the war in Ukraine? Sure. This can be whatever we spin it to be. It will be a messy eternally-frozen conflict one way or another. On February 12, we saw a declaration from Washington to the effect that Ukrainian territory...Continue Reading
Opposition Grows to Trump’s Gaza Plan | OilPrice.com Premium Content By Editorial Dept – Feb 14, 2025, 8:30 AM CST Politics, Geopolitics & Conflict Libya’s Minister of State in Tripoli (the Dbeibah government), Adel Jumaa, survived an assassination attempt on Wednesday on a Tripoli highway. He remains in stable condition in the hospital after being...Continue Reading
Will the Bulls Defend $70 Oil? | OilPrice.com Premium Content By Editorial Dept – Feb 14, 2025, 8:30 AM CST This week in the crude oil market was a rollercoaster of price swings as bullish supply concerns clashed with bearish macroeconomic and geopolitical developments. The early week saw oil extend its gains on supply constraints...Continue Reading
