Crude Oil Archives - Page 2 of 922 -

Petro-Victory increases Brazil oil production 128% through mature-field workovers

August 14, 2026

(World Oil) — Petro-Victory Energy Corp. has more than doubled oil production during its first year of operations at Capixaba Energia in Brazil, while reducing production costs and identifying additional reservoir opportunities through a workover and optimization program. Oil production increased 128%, from 256 bpd to 583 bpd, while natural gas production rose 471%, Petro-Victory reported. Production costs declined 37%, from

Asian refiners buy more US crude as Hormuz remains blocked, traders say

August 14, 2026

(BOE Report) – At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year, traders said. Shipping traffic at the Strait of Hormuz fell below the average for this month towards the end of the week due to competing U.S. and Iran claims

Oil prices on pace for weekly gain amid Hormuz supply uncertainty

August 14, 2026

(Investing) – Brent crude futures, the global oil benchmark, had edged down 0.2% to $86.84 a barrel, while U.S. West Texas Intermediate crude futures had dipped 0.4% to $80.91 a barrel by 09:30 ET (13:30 GMT). Brent and WTI futures were trading up around 5% this week. The effective closure of the Strait of Hormuz has been a key point of support for

Chevron announces leadership changes

August 12, 2026

(BOE Report) – • Navin Mahajan to retire after nearly 30 years with the company • Uriel “Ose” Oseguera named Treasurer of Chevron HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today announced the election of Uriel “Ose” Oseguera as Treasurer, effective November 1, 2026. Oseguera succeeds Navin Mahajan, who will retire from Chevron after nearly 30 years of service. As Treasurer, Oseguera will

OPEC: Saudi crude production rebounds by more than 1 MMbpd in July

August 12, 2026

(World Oil) – Saudi Arabia reported to OPEC that it increased crude oil production by just over 1 million barrels a day (MMbpd) last month, a reflection of the recovery among Persian Gulf producers during a brief ceasefire in the Iran war. The kingdom told the group it pumped 8.2 MMbpd of crude in July, up from 7.1 MMbpd in the

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 17.4 million barrels

August 12, 2026

Weekly Crude Oil Storage as of August 7, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 17.4 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are 2% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Register to attend the 31st EnerCom Denver - The Energy Investment Conference, on August 19, 2026, in Denver, Colorado- oil and gas 360

One-on-One Meeting Requests are Open for the 31st EnerCom Denver – The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

August 11, 2026

(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies, and request 1×1 meetings Sponsorship opportunities are available for companies seeking to increase their market presence Recognized as the largest independent investor conference serving the global oil and gas industry and the broader

Oil prices settle up as Iran says Strait of Hormuz to stay shut

August 11, 2026

(Investing) – Oil prices edged up to a one-week high on Tuesday as doubts about a potential U.S.-Iran peace deal fueled concerns that Middle East supply disruptions would persist. Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.07, or 1.3%, to settle at $83.20. Those were the highest closes for

One-on-One Meeting Requests are Open for the 31st EnerCom Denver – The Energy Investment Conference, on August 19, 2026, in Denver, Colorado

August 10, 2026

CanCambria Energy Provides Updated Contingent Resource Evaluation for Flagship Deep Gas Project, Attributable to Strong European Natural Gas Prices, Driving an Increased NPV10 of US$2.04 Billion

August 10, 2026

(Oil & Gas 360) – Vancouver, BC – August 10, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce a significant increase in the value of the Company’s independent contingent resource evaluation for its deep gas project, located on the Company’s 100% WI, BA-IX Mining Plot and Kiskunhalas Concession Area (“KCA”),

BofA: Hormuz needs 10 times more ships to stabilize oil markets

August 10, 2026

(Oil Price) – Bank of America (BoFA) is warning that oil prices could continue climbing into the winter if the U.S. and Iran fail to reach an agreement reopening the Strait of Hormuz, with severe shortages already emerging in diesel, gasoline and global natural gas markets. “We’ve been expecting oil to be in the $70 to $80 a barrel range for

ADNOC Gas awards $8.2 billion in contracts for Rich Gas Development

August 10, 2026

(World Oil) – ADNOC Gas has taken final investment decisions (FID) on the next phases of its Rich Gas Development (RGD) project, awarding $8.2 billion in engineering, procurement and construction (EPC) contracts that will expand natural gas processing capacity and support the company’s long-term growth strategy. The awards include a $3.9 billion Phase 2 contract to Wison Engineering and a $4.3 billion Phase 3 contract to Tecnimont. Combined with the $5 billion Phase 1

Premium Content