News

July 12, 2024

Oil Prices Drop Despite Rekindled Rate Cut Hopes

Crude oil prices inched lower earlier today on disappointing Chinese data, despite an injection of bullishness from Fed chairman Jerome Powell, who signaled the U.S. central […]
July 12, 2024

Oxy Strikes Carbon Credit Deal With Microsoft

Occidental Petroleum has signed a deal with Microsoft for the sale of 500,000 tons in carbon removal credits from a carbon capture facility that Oxy is […]
July 12, 2024

Nigeria Cuts Deal with Producers to Supply Oil to Refiners at Market Price

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reached an agreement with oil producers to supply crude oil to domestic refineries at market prices on Wednesday, ending […]
July 12, 2024

UK Bans New Drilling in North Sea

Energy Secretary Ed Miliband has enacted an immediate ban on new North Sea oil drilling licenses, overriding departmental officials and setting the stage for potential legal […]
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