Colombia Oil Investments Could Hit $4.68 Billion in 2025 | 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 Related News By Irina Slav – May 30, 2025, 2:15 AM CDT Crude oil and natural gas investments in Colombia could...Continue Reading
Crude oil prices are set for another weekly decline following news that OPEC+ was planning to boost production by another 411,000 barrels daily in July. Meanwhile, a court ruling that blocked Trump’s tariffs has been paused after the White House appealed the decision. At the time of writing, Brent crude was trading at $63.84 per...Continue Reading
OPEC+ Unwinding Cuts Leaves Market Miraculously Balanced | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 29, 2025, 7:00 PM CDT OPEC+ is expected to modestly raise July production targets by 411,000 bpd, but actual output increases will...Continue Reading
India’s Oil Demand Growth Could Disappoint Market Bulls | 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 Premium Content By Tsvetana Paraskova – May 29, 2025, 6:00 PM CDT India is overtaking China as the world’s biggest...Continue Reading
bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. The drilling campaign for the remaining seven gross wells on the platform will now begin, bp announced. Mento is a 50/50 joint venture between bpTT and EOG Resources, with EOG acting as...Continue Reading
A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames within 12 mi (20 km) of about 245,000 bopd production, according to data from Alberta’s energy regulator and wildfire department. SourceContinue Reading
Kazakhstan said it can’t cut oil production and even hopes to increase output beyond planned levels later this year, deepening a stand-off with OPEC+ before the group meets this weekend. SourceContinue Reading
ExxonMobil says it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron and Hess. Exxon and CNOOC have claimed right of first refusal over Hess’s stake in the offshore Stabroek block. SourceContinue Reading
South Africa Proposes 10-Year Purchase Deal For U.S. LNG | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 29, 2025, 5:00 PM CDT South Africa is looking to U.S. LNG over a period of 10 years. South Africa...Continue Reading
Zephyr Energy has announced initial post-well evaluation results at its flagship project in Utah’s Paradox basin. “The Cane Creek reservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in the U.S,” said CEO Colin Harrington. SourceContinue Reading
