Oil Prices Shed Over 3% As Market Digests OPEC+ Move | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Jun 03, 2024, 11:16 AM CDT Brent crude was trading down well over 3% on Monday,...Continue Reading

The SARB and Umm Lulu offshore concessions deploy cutting-edge digitalization and AI technologies for remote monitoring, smart well operations and production management to optimize production efficiency, reduce emissions, enhance safety and increase production capacity. SourceContinue Reading

Major Trade Union Strike Shuts Down Nigeria’s Electricity Grid | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 03, 2024, 10:30 AM CDT The largest trade unions in Nigeria shut down on Monday the country’s power grid in an indefinite nationwide strike over the minimum wage....Continue Reading

BW Energy’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 MMbbl of oil to 12 MMbbl of oil. The company plans to complete the well as a development well later in 2024. SourceContinue Reading

Geophysical exploration indicated there’s a “high possibility” the discovery offshore the port city of Pohang holds as much as 14 Bbbl of oil and gas, Yoon said. The estimated volume could be worth more than four years of oil consumption and as much as 29 years of gas demand for the country, he added. SourceContinue Reading

U.S. Shale Mergers Could Bring Steadier Oil Prices | 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 Premium Content By Irina Slav – Jun 03, 2024, 10:00 AM CDT The key driver of the industry now is returning more...Continue Reading

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 03, 2024, 9:30 AM CDT Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off...Continue Reading

Oil and Gas Wastewater in Appalachia Holds Key to U.S. Lithium Supply | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 03, 2024, 9:00 AM CDT America’s transition to a decarbonized economy demands massive base metals and rare Earth minerals. Currently, China...Continue Reading

South Korea to Explore for Potentially Huge Offshore Oil and Gas Reserves | 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 – Jun 03, 2024, 8:30 AM CDT South Korea’s President Yoon...Continue Reading

Gazprom’s Gas Pipeline Exports to Europe Surged by 39% Y/Y in May | 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 – Jun 03, 2024, 7:30 AM CDT Russia’s giant Gazprom saw...Continue Reading