Halliburton and Rhino Resources have delivered two exploration wells within PEL 85 offshore Namibia, the companies announced. These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases. SourceContinue Reading

By Editorial Dept – May 16, 2025, 12:00 PM CDT In a flurry of coordinated geopolitical maneuvers, the United States has lifted key sanctions on Syria while positioning itself as the broker in a historic normalization process between Syria and Israel. At the same time, Turkey’s Erdogan is getting a trade-off, with the Kurdistan Workers’...Continue Reading

This Beaten Down Stock Could Be Ripe For A Short-Squeeze | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT I would imagine most energy investors, like me, have a somewhat tricky relationship with coal stocks. If you are interested in fossil fuels generally as an investment it is probably because...Continue Reading

India-Pakistan Ceasefire Tested as Indus Water Tensions Surge | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT Politics, Geopolitics & Conflict – Russia and Ukraine were holding their first direct peace talks in over three years on Friday in Istanbul, but with delegations devoid of either Putin or Zelensky. The...Continue Reading

Iran’s Oil Return Would Be Modest, Even With a Deal | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each...Continue Reading

Bulls on the Backfoot as Supply Risks Mount | OilPrice.com Premium Content By Editorial Dept – May 16, 2025, 12:00 PM CDT Crude oil futures reversed sharply lower by Thursday after beginning the week with a strong rally fueled by optimism over a temporary easing in U.S.-China trade tensions. Prices initially surged more than 4%...Continue Reading

Occidental has entered into an agreement with ADNOC’s XRG to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million. SourceContinue Reading

Fresh EU Sanctions on Russia Could Include Lower Oil Price Cap | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 16, 2025, 11:00 AM CDT The EU is preparing its 18th sanctions package against Russia, aiming to increase pressure on...Continue Reading

Egypt Turns to Oil for Power Generation Due to High Gas Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 16, 2025, 10:30 AM CDT Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural...Continue Reading

Brent Nears $65 on Renewed Trade Optimism | 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 – May 16, 2025, 10:00 AM CDT oil is riding high on the euphoria of not having debilitating tariffs on...Continue Reading