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Crude oil

ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor

ConocoPhillips said it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 B, giving it full ownership and elbowing away rival Suncor Energy.

Nigeria's NNPC sets agreements with Total, CNOOC on deepwater oil block

Nigeria's state-owned oil company NNPC Ltd said it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step to resolving disputes on a deepwater oil block in the Niger Delta.

Oil prices up amid OPEC+ supply cut uncertainty

Oil prices ticked up as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting.

Russia leaning towards leaving oil output unchanged ahead of OPEC+ meeting

Russia is leaning towards leaving oil production volumes unchanged ahead of an OPEC+ policy meeting in June because Moscow is content with current prices and output.

Kazakhstan to send 100,000 tons of crude to Germany via Druzhba in May

Kazakhstan's oil exports to Germany via Russia's Druzhba pipeline are expected to reach 100,000 tons in May, pipeline operator KazTransOil says.

Oil prices buoyed by Saudi warning and falling U.S. stockpiles

Oil prices rose, driven up by tightening U.S. inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts.

Oil prices rise on concerns over tightening supply

Oil prices gained after U.S. oil and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts.

China’s petroleum trade subdued at start of 2023

China’s petroleum trade has disappointed bulls hoping for a rebound at the start of the year to tighten global crude inventories, which helps to explain why benchmark oil prices have fallen progressively since late January.

Iraq awaits final answer from Turkey to resume exports

Iraq is still waiting for a final answer from Turkey to resume its northern oil exports, which run from the semi-autonomous Kurdistan region to the Turkish port of Ceyhan, Iraq's oil minister Hayan Abdel-Ghani said.

Methane hunters tap new technology to reshape policing of U.S. greenhouse emissions

Charlie Barrett walks through an oilfield in New Mexico's southeastern desert, where the air smells of rotten eggs and old pumpjacks sit among shrub oaks, and turns on an infrared camera that can detect emissions from oil and gas equipment.