Crude oil inventories in the US rose by 8.664 million barrels in the week ended January 31, 2025, the most in nearly a year and above market expectations of a 2.6 million build, data from the EIA ...

On the sides of rusted barrels or crushed steel spheres ... Using cotton thread, the artist cross-stitches vibrant flowers and butterflies onto facets of corroded metal, merging materials that appear ...

Early in the year, oil prices surged as OPEC+ announced production cuts of 1.66 million barrels per day (bpd), aiming to stabilize prices amid economic uncertainty. However, by the third quarter ...

U.S. benchmark West Texas Intermediate (WTI) crude oil prices topped $80 per barrel on Jan. 15 after closing out 2024 closer to $70 per barrel. Geopolitical policy is driving higher prices.

has made a new oil discovery in central Iraq, with potential reserves of 2 billion barrels, multiple media reports have claimed. MOC told local media that a "significant oil reservoir" has been ...

noting that U.S. oil production is at record levels and the OPEC+ producer group still has some 5.86 million barrels per day of output curtailed. "What there is a shortage of is demand," Yawger said.

Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over the next three years if "the right funds are made available." Speaking at ...

DUBAI, Jan 20 (Reuters) - Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil ...

The oil well’s early testing revealed a daily output rate of up to 5,000 barrels, according to Hassan. The new oil discovery is strategically significant as Iraq is ranked fifth globally in ...

Guyana’s oil production is on track for one million barrels per day by 2027. Further, gas resources will be utilised as planned, by the Gas-to-Energy (GtE) project in Wales with government ...

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical ...