Lower Oil Prices Drag China’s CNOOC Profit Down Despite Higher Output | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 29, 2025, 10:30 AM CDT Chinese state-held oil and gas giant CNOOC booked lower net profit for the first quarter of 2025 as lower oil...Continue Reading

Scotland’s Sole Oil Refinery Shuts Down for Good | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 29, 2025, 10:30 AM CDT The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the...Continue Reading

It looks like the post-COVID commodity party is over – with the World Bank predicting a rather bleak end. In its latest report, the bank predicts that global commodity prices will plunge 12% in 2025 and another 5% in 2026, dragging them all the way back to their pre-pandemic levels. The World Bank expects energy...Continue Reading

Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MMtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. SourceContinue Reading

Petro-Victory has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory’s strategic financial partner. SourceContinue Reading

India Boosts U.S. Oil Imports Ahead of Tariff Talks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 29, 2025, 9:08 AM CDT India is ramping up purchases and imports of crude oil from the United States ahead of crucial talks on the U.S. tariffs...Continue Reading

Oil Prices Drop as Supply Concerns Continue | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Apr 29, 2025, 9:05 AM CDT Oil prices are once again under pressure as supply concerns continue unabated, with a scarcity of bullish catalysts to...Continue Reading

Vattenfall: Tariffs Could Dampen Europe’s Power Demand | 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 – Apr 29, 2025, 8:15 AM CDT The tariff threats could reduce electricity demand in Europe...Continue Reading

PetroChina Q1 Profit Rises, Bucking the Trend of Chinese Oil Majors | 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 – Apr 29, 2025, 7:03 AM CDT PetroChina, the largest oil and...Continue Reading

BP Slashes Buybacks as Cash Flow Tumbles | 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 – Apr 29, 2025, 6:00 AM CDT BP (NYSE: BP) is reducing by $1 billion its...Continue Reading