Hours after OPEC+ announced it would reduce its combined oil production by more than 1 million bpd, Goldman Sachs issued a revision of its oil price forecast, r......

On Sunday, OPEC+ announced a surprise production cut of some 1.16 million barrels per day, increasing the total OPEC+ cut to 3.66 million bpd.Oil prices soared ......

Multiple oil producing countries announced on April 2nd that they will voluntarily reduce crude oil production from May until the end of 2023.Saudi Arabia annou......

U.S. natural gas production grew by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. Three regions—Appalachia, Permian, and Haynesville......

Nigeria’s state oil firm has started exploration in the onshore frontier basins, aiming to boost the OPEC producer’s proven crude oil reserves to 50 billion bar......

ConocoPhillips plans to raise its stake in Australia Pacific LNG (APLNG) to 49.9% and become the upstream operator of the company, the U.S. oil and gas producer......

Air Liquide announces the construction of an industrial scale ammonia (NH3) cracking pilot plant in the port of Antwerp, Belgium. When transformed into ammonia,......

Crown Estate Scotland has awarded offshore wind leases to 13 Companies, including BP and TotalEnergies, to support North Sea oil and gas decarbonization.On Frid......

High export demand for LNG and higher domestic natural gas consumption pushed U.S. gas demand to higher levels than supply last year, resulting in the highest a......

Crude oil inventories in the United States rose this week, with a 3.262 million barrel build, the American Petroleum Institute (API) data showed on Tuesday, com......