Crude Oil News

 

Oil Prices Rise on Specter of Europe Energy Rationing

Sep 08, 2022

Oil prices climbed on Thursday, paring some of their steep losses in the previous session, as the potential for an energy standoff between European nations and Russia overshadowed fears of recession and rising inflation.Brent crude futures LCoc1 rose by 25 cents or 0.3% to $88.25 per barrel by 0033 GMT after closing at their lowest since early February in the previous session. U.S. crude futures CLc1 were up 40 cents…

Taiwan's CPC says it has Australian Approval for Dorado Project

Aug 16, 2023

Taiwan's state-owned energy company CPC said Wednesday it had received Australian government approval to acquire four subbasin permits in oilfields off Western Australia from Carnarvon Energy.CPC's subsidiary OPIC Australia Pty Ltd reached the deal with Carnarvon in February…

Report: US Gulf of Mexico Oil Production Leads on GHG Intensity

May 16, 2023

The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world…

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