Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading

U.S. and Brazil Become Key Oil Suppliers to India | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 1:30 PM CDT India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a...Continue Reading

The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down...Continue Reading

Saudi Arabia’s Production Increase Sparks Credibility Concerns | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jul 11, 2025, 11:30 AM CDT After two years of playing the role of OPEC+ model...Continue Reading

The high dependence on oil for state revenues is squeezing Alaska’s budget when oil prices decline and making its economy grow below the national average. The struggling economy amid volatile oil prices is the key reason why Alaska has been rated as the worst state for doing business in America in 2025 by CNBC. Alaska...Continue Reading

Russia’s Oil Export Revenues Dip 14% | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 10:30 AM CDT Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency...Continue Reading

Geopolitical Risk and Tariff Delays Push Oil Prices Higher | 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 11, 2025, 10:00 AM CDT Oil prices are set to end the week higher after geopolitical risk climbed and Trump delayed tariff announcements....Continue Reading

By Editorial Dept – Jul 11, 2025, 9:38 AM CDT 1. OPEC Turbocharges Long-Term Demand Outlook Meeting in Vienna this week for its biennial seminar, OPEC has projected an even more bullish outlook for crude oil consumption than its previous forecasts, expecting global demand to hit 122.9 million b/d by 2050. Discarding environmentalist agendas promoted...Continue Reading

India Needs Strong Petrochemical Sector to Compete With China | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 11, 2025, 9:30 AM CDT India should boost its petrochemicals production to meet local demand and counter China’s growing global lead in the sector, a senior executive...Continue Reading

Taking Advantage of a Disparity in Lithium Stocks’ Performance | OilPrice.com Premium Content By Editorial Dept – Jul 11, 2025, 9:00 AM CDT I have said it before a few times, but, in general, if a market move doesn’t make sense to me, the first thing I do is check my own assumptions. It is,...Continue Reading