Geopolitical Risks Boost Oil Hedging to Record Highs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 05, 2024, 10:30 AM CST Traders and investors traded record-high numbers of options and futures contracts in October, seeking to profit from the oil market volatility and protect...Continue Reading

Lower oil prices and subsidies for domestic refiners resulted in a 29% annual plunge in Russia’s oil revenues in October, Bloomberg’s estimates based on official government data showed on Tuesday. In October, international oil prices and the price of Russia’s flagship crude, Urals, slumped compared to the same month of 2023. This eroded Russian revenues...Continue Reading

Tenaris is expanding its Rig Direct® service package with the introduction of WISer™, a suite of digital solutions designed to enhance well integrity, safety, efficiency and reliability in well construction operations. SourceContinue Reading

ADNOC has awarded an EPC contract to Jereh Oil & Gas Engineering Corporation, worth up to $920 million (AED3.38 billion), to install remote sensing and well-operating equipment at its onshore Bab, Bu Hasa and Southeast fields, extending its AI-powered well digitalization program to cover the fields. SourceContinue Reading

Angola is a strong destination for oil and gas exploration, said Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. Recent regulatory reforms have positioned the country as a highly competitive market for foreign investment. SourceContinue Reading

Chevron to Boost Exploration in West Africa | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 05, 2024, 9:30 AM CST Unlike the other supermajors, U.S. oil and gas giant Chevron is buying into offshore blocks offshore Angola and Nigeria in West Africa, looking to...Continue Reading

Oil Markets on Edge Ahead of Tight U.S. Presidential Election | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Nov 05, 2024, 9:03 AM CST The U.S. presidential election promises to dominate global news coverage for the next 24 hours, and...Continue Reading

Shell Turns Germany’s Top Refinery Green | 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 05, 2024, 8:30 AM CST Shell is gearing up to transform its largest German oil refinery,...Continue Reading

Marathon Petroleum Tops Estimates Despite Earnings Slump | 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 – Nov 05, 2024, 7:30 AM CST Marathon Petroleum Corp (NYSE: MPC) beat the analyst consensus...Continue Reading

Soaring Chinese Crude Futures Attract High Middle East Volumes | 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 – Nov 05, 2024, 6:34 AM CST Soaring crude futures prices on the Shanghai...Continue Reading