But Auchincloss — a 54-year-old Canadian brought in to replace Bernard Looney, architect of the company’s green push, in 2023 ...

It produced 775,000 barrels of oil equivalent (BOE) per day in 2024. Its U.S. operations accounted for 376,000 BOE per day.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to start issuing import ...

Illinois was a top-10 oil producing state from 1941 to 1945, producing 470 million barrels of oil, or 6% of overall U.S. production.

Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, said industry ...

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According to the Petroleum Planning & Analysis Cell (PPAC), India’s import dependency of crude oil, on POL (Petroleum, Oil & Lubricants) basis rose to its highest on record at 90.6 per cent in ...

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on ...

Billions of dollars were laundered after being misappropriated from 1MDB and used to fund luxury purchases for financier Jho Low and then-Malaysian prime minister Najib Razak. Infamously, some of the ...

Although OPEC+ has announced plans to increase production by 411,000 barrels per day starting this month, actual increases ...

Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.

Goldman Sachs estimates a geopolitical premium of approximately $10 per barrel on Brent crude, though it suggests oil could exceed $90 if Iranian supply is disrupted. The bank's base-case scenario ...