Latest news

First oil at Norway's Rolvsnes field

Norway-focused independent Lundin Energy has started crude production from an extended well test (EWT) at the Rolvsnes field in the Norwegian North Sea.

read more... 11/08/2021


OPEC, allies reach ''full agreement'' after production spat

The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a "full agreement" after an earlier dispute that roiled oil prices.

read more... 19/07/2021


U.S. crude stockpiles fall for eighth week in a row - EIA

U.S. crude oil stockpiles fell for the eighth straight week last week, as renewed vigor in the U.S. economy continues to drive higher fuel demand, the Energy Information Administration said on Wednesday.

read more... 15/07/2021


Shipping industry seeks to combat dark oil transfers at sea

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them.

read more... 14/07/2021


Crude oil price rises on expectations of U.S. crude stocks falling

Oil rose on Tuesday, recovering from the previous day's drop, as expectations of further declines in U.S. crude inventories outweighed fears that spreading COVID-19 variants could derail a global economic recovery.

read more... 13/07/2021