The King exploration well is positioned close to BP's current facilities and subsea pipelines in the West Nile Delta project.

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to provide the results of our 2024 year end reserves evaluation as prepared by McDaniel & Associates Consultants Ltd.

That move was largely made in response to dramatically falling oil prices due to U.S. shale oil output. The United States is not a member of OPEC or OPEC+. Patrick De Haan, head of petroleum ...

But lower oil and gas prices would make shale companies less profitable ... A recent Kansas City Federal Reserve survey found that the average US oil price needed for a substantial increase ...

That's a rough estimate of how much it would currently cost the U.S. to refill its Strategic Petroleum Reserve "right to the top," as President Donald Trump promised in his inaugural address Monday.

He expected that it would add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq. He noted that the initial tests of the well showed a daily ...

the anticipated reserves inside the 74 sq km region include 600 billion standard cubic feet of associated gas and 800 million medium-density barrels of oil. The announcement comes after the ...

Iraq's Midland [Middle] Oil Company (MdOC) has reportedly announced the discovery of a significant oil reserve in the East Baghdad field. The discovery was made in collaboration with EBS Petroleum, a ...

He expected that it would add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq. He noted that the initial tests of the well showed a daily ...