Kazakhstan doesn’t have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the biggest overproducers under the agreement alongside OPEC’s second-largest producer, Iraq, plans to keep...Continue Reading

Russia Claims Active Talks With China on New Gas Pipeline Are Underway | 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 – May 08, 2025, 9:30 AM CDT Russia is in an...Continue Reading

The European Union member states are looking to include energy laws and regulations in wider efforts to cut bureaucracy aimed at boosting the bloc’s competitiveness, a draft document seen by Reuters showed on Thursday. Earlier this year, the European Commission proposed measures to cut red tape and simplify legislation for EU businesses and citizens. The...Continue Reading

Germany Sees Slump in Wind and Solar Generation | 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 08, 2025, 8:30 AM CDT Germany’s wind and solar power output has slumped to the...Continue Reading

Oil prices rose by more than 1% early on Thursday as the market expects a U.S.-UK trade deal announcement later today and the start of U.S.-China ice-breaker talks later this week. As of 8:35 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 1.89% at $59.15. The international benchmark, Brent Crude, was...Continue Reading

Nigeria Sets Higher Oil Production Target | 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 08, 2025, 7:28 AM CDT Nigeria’s government has set a new, significantly higher, production target for the...Continue Reading

India Ramps Up U.S. Oil Imports Amid Tariff Discussions | 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 08, 2025, 6:26 AM CDT India has been importing a lot more U.S. crude...Continue Reading

Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC. SourceContinue Reading

In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday.  SourceContinue Reading

StanChart: Oil Prices Headed Lower Before Slow Recovery | 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 07, 2025, 7:00 PM CDT OPEC+ is accelerating the reversal of its voluntary production cuts in June. Oil prices remain under...Continue Reading