Tuesday, September 30, 2025
Oil majors compete for Libya's first exploration tender since 2011 war- oil and gas 360

Oil majors compete for Libya’s first exploration tender since 2011 war

(World Oil)– Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due

Oil prices tumble 4% as demand fears override Middle East risk- oil and gas 360

Oil prices tumble 4% as demand fears override Middle East risk

(Oil Price) – Oil prices slumped by more than 4% early on Tuesday as traders have yet to see an actual supply disruption in the Middle East while focusing on China’s underwhelming demand again. Both benchmarks, WTI Crude and Brent Crude, were down by about 3% as of 9:30 a.m. EDT on Tuesday. The U.S. benchmark fell below $75 per barrel, and the Brent