(WO) – Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas. Jeremy Larsen, President of

(WO) – QatarEnergy signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE). The two

India’s crude oil imports fell slightly in April from a month earlier and refinery intake dipped month-on-month, according to data from the Joint Organizations Data Initiative (JODI), but on the following month of

Colorado-based Civitas Resources plans to boost its presence in the Permian with a $5-billion acquisition, Reuters has reported, citing unnamed sources. The targets of the acquisition include Hibernia Resources the majority of assets owned

Oil dropped as a massive increase in US crude stockpiles and the Federal Reserve’s hints that rate hikes will continue crushed the risk-on sentiment that prevailed earlier in the day. West Texas Intermediate

Oil traders are starting to ignore the most important person in the market. It could prove a risky gambit. A week ago, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman pledged to unilaterally

US agribusiness Bunge Ltd. agreed to buy Glencore Plc-backed Viterra for $8.2 billion in stock and cash, creating a trading giant capable of competing with the world’s biggest agricultural commodity traders.  Viterra shareholders will eventually own

A surge in activity in a key Middle Eastern oil trading window is affecting the cost of the region’s crude against global benchmarks, a factor that’s impacting the viability of long-haul shipments from

Some of the biggest names in the global oil market are piling in on opposite sides of a normally sedate Middle East crude-trading window, making it harder to assess the impact of deep

European gas prices jumped as the Netherlands prepared to permanently close a major field, while outages tighten the region’s supplies and a scorching heat wave drives up demand.  Benchmark futures spiked as much as 30%,