News

*Canadian oil sands production. News wire — Canadian oil sands production is expected to reach 3.7 million barrels per day by 2030, S&P Global said on Thursday, raising the analytics firm’s 2030 production outlook for […]

*Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and OPEC Secretary-General Haitham al-Ghais shake hands at the Organisation of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File […]

Dubai — The chairman of Indian Oil Corporation said on Monday he remained committed to the term contracts with the Middle East but that spot purchases from the region have gone down with more Russian […]

*Chevron logo and trading information on display at the NYSE Bengaluru — Chevron Corp (CVX.N) said on Monday it would acquire PDC Energy Inc (PDCE.O) in an all-stock transaction for $7.6 billion, including debt. The […]

*A US refinery in Corpus Christi London — U.S. oil refinery margins have halved since the middle of 2022 but they are still at historically high levels and will be supported through the summer of […]

*Sinopec facility News wire — China’s Sinopec said it has agreed key terms with Kazakh state-owned oil and gas firm KazMunayGaz to build a gas-based petrochemical complex in Kazakhstan’s Atyrau region and a final investment […]