Chevron plans to increase production in Venezuela by investing $7 billion
Chevron, a U.S. oil firm, stated on Wednesday that it will invest over $7 billion through its joint ventures in...
Energy
Carso agrees to buy TotalEnergies’ stake in oil block
Grupo Carso announced that it has reached a binding agreement with TotalEnergies to acquire its entire stake in oil block...
As petrol prices get closer to all-time highs, Americans are getting ready for pricey summer travel
The skyrocketing gas prices and looming fuel shortages stemming from the war with Iran aren’t stopping Americans from hitting the...
53.3 million barrels of oil will be borrowed by the US from its reserves
As part of a global deal to stabilize oil prices, which have increased as a result of the U.S.-Israeli trade...
Mexico will supply Japan with one million barrels of crude oil
As part of Tokyo's attempt to diversify its energy sources in the aftermath of the U.S. and Israel's war against...
US Energy Secretary believes it is unlikely that new oil will be released from strategic stockpiles
In an effort to calm energy markets during the Iran trade war, US Energy Secretary Chris Wright stated on Monday....
The IEA is now releasing 426 million barrels from its strategic reserves
The International Energy Agency (IEA) announced on Thursday that it has begun releasing “initial volumes” of strategic crude oil reserves....
According to the IEA, the world is currently experiencing the largest disruption to oil supply in history
A day after agreeing to release a record amount of oil from its strategic reserves, the International Energy Agency (IEA)...
As the war with Iran raises gasoline prices, international airlines boost ticket prices
Air New Zealand, Scandinavia's SAS, and Australia's Qantas Airways all announced fee increases on Tuesday. Citing the steep spike in...
Qatar’s LNG fields are at a standstill due to strikes in the Middle East
Qatar halted its production of liquefied natural gas (LNG) on Monday. While Iran continued to attack Gulf countries in retaliation...
