Iraq hopes oil reserves will exceed 160bn barrels: minister
Iraq, one of the world's biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, Oil Minister Hayan...
US energy secretary to visit Saudi Arabia, UAE next week, officials say
U.S. Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on "climate co-operation" and other...
OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say
From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.
Analysis: Heavy oil shortage spells higher cost for industry
Mexican export cuts and a rerouting of Canadian output are shrinking limited supplies of heavy crude in the Atlantic basin
Pioneer reports lower profit ahead of its takeover by Exxon
Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices.
Exxon-Pioneer deal greenlit by US FTC, Pioneer exec barred from board
Pioneer CEO Scott Sheffield prevented from taking a seat on the board of Exxon Mobil by FTC order.
OPEC+ could extend oil cuts, formal talks yet to start, sources say
OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.
‘End of oil not in sight’, says OPEC Secretary General
OPEC Secretary General Haitham Al Ghais wrote there is "a worrying trend of narratives" that use terms like the end of oil, which...
