Tag: oil

Oil drops once more however OPEC’s market share battle might create a generational shopping for alternative

One of many huge surprises of 2025 was OPEC+ abandoning efforts to prop up the value of oil. For years, OPEC had been a powerful market backstop, managing provide to take care of...

Center East oil costs weaken as regional provide outpaces demand

(Bloomberg) – The Center Jap oil market has weakened in current weeks on concern that regional provides will outstrip demand, including to indicators of a softening world image that’s weighed on benchmark crude...

FID secured for Sea Lion discipline offshore Falklands, first oil focused 2028

(WO) - Navitas Petroleum Improvement and Manufacturing Ltd. (NPDP), a subsidiary of Navitas Petroleum, along with associate Rockhopper Exploration plc, has taken a remaining funding choice (FID) on the Sea Lion oilfield improvement,...

Digitalization might unlock $320 billion in oil and fuel financial savings by 2030, analysts say

The oil and fuel business might seize greater than $320 billion in financial savings over the subsequent 5 years by accelerating digital adoption throughout core operational domains, based on new evaluation from Rystad...

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