Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows
Russia's 2024 oil and gas export forecast was raised by $17.4 billion to $239.7 billion, driven by higher price expectations.
OPEC+ agrees to delay October output hike for two months, sources say
LONDON/MOSCOW – OPEC+ has agreed to delay a planned October oil output increase for October and November after crude prices hit their lowest...
Citi says oil prices could average $60/bbl in 2025 without cuts
If OPEC+ doesn't reduce production further, say analysts, oil prices could drop to $60 a barrel in 2025.
AI likely to weigh on oil prices over the next decade: Goldman Sachs
Goldman Sachs warns AI could lower oil prices by reducing costs and boosting supply, outweighing modest demand increases.
Azerbaijan: a country steeped in hydrocarbons
Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account...
Targa Resources Corp. to Participate in Barclays CEO Energy & Power Conference
HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company...
Parex Resources Announces Operational and Guidance Update, and Chief Financial Officer Transition
CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) provides an update on its current...
BP-Iraq deal on Kirkuk fields to use profit-sharing model
Iraq and BP have signed a preliminary deal to develop Kirkuk's oil fields on a profit-sharing basis, marking BP's return after five years.
