HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced that it has elected to terminate its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.000% ...

OPEC kept oil production broadly steady last month while it cautiously monitors the impact of its latest cutbacks on global ...

“It does seem that VLCCs will continue waiting longer to capture the high returns seen in the mid-size crude and product ...

Compared to other asset classes, the oil price has been more susceptible to geopolitical events, analysts at Moody's Ratings said in a new Moody's report sent to Rigzone.

Despite a slew of supportive measures designed to boost economic momentum in China, investors continue to unwind elevated ...

Under the MoU, which was signed in Baghdad between Iraq's Oil Minister Hayan Abdel-Ghani and BP chief executive, Murray ...

A federal judge will hear a consolidated lawsuit accusing major US oil companies of conspiring to limit shale oil production ...

In a statement following Thursday's meeting, OPEC+ said the members implementing the most recent layer of cuts—a 2.2 million ...

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said OPEC+ could pause or reverse the production hikes if it ...

OPEC's JMMC reports high overall conformity with oil production quotas, highlighting the commitment of Iraq, Kazakhstan, and ...

Crude oil and refined product futures gave back early gains and were lower at midday after OPEC and affiliated producers made no change to oil production targets. The group, however, said it was ...

Oil prices were little changed on Thursday as investors weighed producer group OPEC+'s decision to keep its output policy ...