Rigzone Industry News

A financier and trader, who's now one of the most active dealmakers in UK oil, fended off some criminal fraud charges over the attempted delivery of a consignment of crude from Iran.

Oil extended its slump on concerns that slowing global growth will erode consumption a day after the market posted its biggest decline in more than a year.

The KAPS pipeline will safely transport 350,000 barrels per day of NGLs and condensate from the liquids-rich Montney and Duvernay basins to Keyera's liquids processing and storage hub.

Coal production in the USA grew to 594.2 MMst but consumption fell to 515.5 MMst in 2022 year on year amid a surge in prices.

The joint study agreement for the DAC facility was signed at the ADIPEC conference in Abu Dhabi.

Exxon Mobil Corp. likely got a $2.1 billion boost to earnings from higher oil prices and refining margins in the third quarter.

U.S. crude oil stocks, not including the SPR, stood at 414.1 million barrels on September 29.

'We do not expect dips below $90 per barrel to prove sustainable'.

The fragmentation of commodity markets could hinder the transition to clean energy by restricting access to relevant raw materials.

The transaction is valued at approximately $2.7 billion cash (CAD 3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD 0.4 billion).