Viaro will take full ownership of the Bacton onshore gas terminal and 11 offshore facilities that produced around 28,000 boe last year, according to a statement from the company on Tuesday. That’s equivalent to about 5% of total UK gas production, and the company said it sees potential to expand production further. SourceContinue Reading

What’s the Ideal Oil Price for a U.S. President? | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jul 30, 2024, 11:00 AM CDT The energy policies...Continue Reading

Phillips 66 Tops Forecasts Despite Profit Slump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 30, 2024, 10:30 AM CDT As widely expected, the second-quarter profit of Phillips 66 (NYSE: PSX) came in significantly lower than the year-ago period, but one of the biggest...Continue Reading

BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jul 30, 2024, 10:00 AM...Continue Reading

UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027 | 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 – Jul 30, 2024, 9:30 AM CDT Abu...Continue Reading

Russia’s Crude Oil Shipments Plunge to 11-Month Low | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 30, 2024, 8:15 AM CDT Russian seaborne crude oil exports have dropped to their lowest level since August 2023, as Russia’s refinery runs are rising and Moscow is...Continue Reading

Brent Breaks Below $80 as Bearish Sentiment Continues to Dominate Oil Markets | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jul 30, 2024, 7:30 AM CDT Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in...Continue Reading

BP Boosts Dividend as Q2 Earnings Top Estimates | 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 – Jul 30, 2024, 7:12 AM CDT BP (NYSE: BP) raised its dividend by 10%...Continue Reading

Motiva to Restart Gasoline-Producing Unit at Port Arthur Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 30, 2024, 6:00 AM CDT Motiva Enterprises, the owner of the second biggest refinery in the United States – Port Arthur in Texas – expects to restart...Continue Reading

Petrobras Oil Production Rose by 2.6% in the Second Quarter | 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 – Jul 30, 2024, 4:51 AM CDT Petrobras saw its crude oil production...Continue Reading