MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan. SourceContinue Reading

Trump to Use Emergency Powers to Boost U.S. Critical Minerals Industry | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 10:30 AM CDT In a bid to wean the U.S. critical minerals supply chain off China, U.S. President Donald Trump plans to use...Continue Reading

The Hamm Institute for American Energy has announced the launch of the American Energy + AI Initiative. The initiative is a direct outcome of the Powering AI: Global Leadership Summit, held in April and attended by four U.S. Cabinet officials, energy CEOs and top technologists. SourceContinue Reading

TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. SourceContinue Reading

Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute...Continue Reading

Russia’s Wealth Fund Shrinks by $5.8 Billion Amid Oil Price Slump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2025, 9:30 AM CDT Russia’s National Wealth Fund, a rainy-day reserves fund, saw its liquid assets drop by the equivalent of nearly $6 billion...Continue Reading

Kazakhstan’s State Oil Firm Eyes Yuan Bonds as It Defies OPEC+ Cuts | 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 Premium Content By Tsvetana Paraskova – Jun 04, 2025, 9:00 AM CDT KazMunayGas may issue panda...Continue Reading

Japan’s LNG Inventories Rise Ahead of Peak Summer Demand Season | 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 04, 2025, 8:20 AM CDT Japanese utilities are boosting their inventories...Continue Reading

PetroChina to Shut Its Largest Northern Refinery Within Weeks | 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 04, 2025, 7:16 AM CDT State-run oil giant PetroChina will shut the...Continue Reading

Global Automakers Alarmed Over China’s Rare Earths Export Controls | 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 04, 2025, 5:30 AM CDT Germany’s automotive industry group VDA joined other...Continue Reading