After 15 years in limbo, the Sea Lion oil project reached FID on December 10, unlocking 315 Mbbls of recoverable oil and a 50,000 b/d deepwater development targeting first oil in 2028.

India’s imports of Russian crude oil are expected to remain largely steady in December, defying expectations that recent US and European sanctions would significantly disrupt trade flows between New ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Venezuela's bitumen-heavy oil is virtually identical to Canada's and the South American country has the largest proven ...

The Venezuela blockade could affect 600,000 barrels per day of Venezuelan oil exports, mostly to China, but 160,000 bpd of ...

An outline of the truth about the strategic petroleum reserve, its history, and the recent controversial events from the ...

Crude inventory change: -1.3M barrels vs. -1.8M barrels for the week ended December 5. Consensus estimate: -2.400M. Gasoline ...

A firm controlled by a businessman tied to a seized tanker carrying Venezuelan oil has sold millions of barrels from a ...

Gasoline prices—now well below an average of $3 per gallon nationally—and crude oil costs have plunged to their lowest levels ...

The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to ...

The U.S. Coast Guard last week seized in mid-ocean a supertanker carrying Venezuelan crude to Cuba, marking a step-up in ...

Russia's oil and gas revenues are projected to plunge by nearly 50% in December to a five-year low of $5.15 billion, driven ...