The transshipment terminal in eastern Newfoundland that serves as a critical storage facility for offshore oil resumed ...

American policymakers setting “green” policies are oblivious to the reality that electricity came after the discovery of ...

At 427.9 million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

An ExxonMobil-led consortium, which includes Hess and CNOOC, aims to increase production capacity to more than 1.7mbbl/d by ...

Oil fell for a second day after President Trump and his Russian counterpart Vladimir Putin agreed to talks on ending the war ...

CALGARY, AB / ACCESS Newswire / February 13, 2025 / Valeura Energy Inc. (TSX:VLE) (OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce the results of its third-party independent reserves ...

As compared to the NSAI 2023 Report, the NSAI 2024 Report indicates an addition of 2.4 MMbbl of proved (1P) reserves and 12.1 MMbbl of proved plus probable (2P) reserves, after having produced 8.4 ...

A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources ...