Monday, August 31, 2026

Evolution Petroleum Increases Dividends as Delhi Field Development Continues

Evolution Petroleum: a dividend paying company with a debt-free balance sheet – exclusive interview with EPM CFO David Joe The downturn in oil prices proved a difficult storm to weather for much of the industry. Companies that had levered up while oil was over $100 per barrel were suddenly left without a life-raft when the price ship sank, but for

Two Iranian Oil Tankers Head Westward

From Argus Two Iranian very large crude carriers (VLCCs), belonging to state-owned NITC, are heading west from Europe across the Atlantic ocean. The VLCC the Huge unloaded around 2.1mn bl of crude at the Shell oil terminal in Rotterdam and left the port at around 15:00 local time (14:00 GMT). It is signalling its destination as the Mexican Cayo Arcas terminal operated

Oil Price Fails to Make Big Gains Despite Opec Cuts

Trading remains stuck in mid-$50s despite output falling 890,000 barrels a day From The Week UK The oil price has failed to break out of its mid-$50s range, despite data from the powerful Opec cartel showing its members are sticking to a deal to cut production. Figures published yesterday revealed the 14-nation group’s output declined by 890,000 barrels a day