Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said. The IEA also downgraded the outlook for U.S. shale oil production due to lower crude prices. SourceContinue Reading
Sinopec has announced a major shale gas exploration breakthrough of its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m, setting a new record for vertical depth of shale gas wells in China. SourceContinue Reading
How Carbon Capture Can Cut Maritime Emissions | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – May 15, 2025, 11:00 AM CDT The International Maritime Organization (IMO)...Continue Reading
Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad. SourceContinue Reading
The Return of Peak Oil | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – May 15, 2025, 10:00 AM CDT U.S. oil production may have peaked, signaling...Continue Reading
UK-headquartered Score, a global provider of advanced engineering technology services in the fields of valve and emissions management, gas turbines and surface technologies has announced two major multi-million-dollar acquisitions as part of its strategic growth plan. SourceContinue Reading
Top Japanese Refiners Step Back From Low-Carbon Investments | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 15, 2025, 9:30 AM CDT Japan’s biggest oil refiners are following the latest trend among Big Oil to return to focus on fossil fuel supply. The top oil...Continue Reading
Significantly lower oil prices in April sent Russia’s oil export revenues down to the lowest level in nearly two years as the price of Russian grades fell alongside the benchmark international prices, which lost about $10 per barrel last month. Russia’s revenues from oil exports slumped to $13.2 billion in April, the lowest level since...Continue Reading
Tariff Uncertainty Forces Engie to Reassess American Energy Ventures | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – May 15, 2025, 8:00 AM CDT French energy giant Engie has started to slow down approvals for new renewable energy projects in the...Continue Reading
IEA Sees Oil Demand Growth Slowing on Economic Headwinds | 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 15, 2025, 6:50 AM CDT Economic headwinds and record electric vehicle sales...Continue Reading
