Saturday, August 1, 2026
BP, PetroChina form JV to manage Iraq’s Rumaila oil field- oil and gas 360

BP, PetroChina form JV to manage Iraq’s Rumaila oil field

World Oil LONDON (Bloomberg) – BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world as it focuses on the energy transition.   BP is at the beginning of transformation to slash emissions and hydrocarbon output, while ramping clean-energy production.

Oil edges higher on US fuel demand, extends rally- oil and gas 360

Oil edges higher on US fuel demand, extends rally

Reuters NEW YORK -Oil prices edged higher on Wednesday, extending gains for a third session, after U.S. government data showed that fuel demand has climbed to its highest since the start of the COVID-19 pandemic. Brent crude rose 42 cents to $71.47 a barrel by 11:06 a.m. EDT (1506 GMT). U.S. West Texas Intermediate (WTI) crude rose 6 cents to