'Adding a further 411,000 barrels per day to targets for July would bring the cumulative unwinding over four months to 1.4 million barrels per day', analysts at Standard Chartered Bank said.
ExxonMobil agreed to enter exclusive negotiations with North Atlantic for the Canadian company's potential takeover of a refining and petrochemical complex in France.
OPEC+ ratified group-wide production quotas for this year and next.
The project will deploy C1000S Signature Series microturbines in a scalable configuration to deliver an initial 2 MW of reliable, low-emission power to an isolated community.
OMV's annual general meeting agreed on a total dividend of EUR 4.75 ($5.35) per share for the financial year 2024.
Uniper has roped in thyssenkrupp Uhde as a partner and secured state funding for a large-scale ammonia cracker development project in the German state of North Rhine-Westphalia.
Ecopetrol plans to continue drilling for gas in Caribbean waters after partner Shell exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves.
Bahrain is seeking liquefied natural gas imports and considering long-term deals as the market appears well supplied, according to the boss of its state energy company.
Threats to Iran talks and OPEC+ output uncertainty fueled bullish sentiment, despite lingering oversupply concerns.
In an oil and gas report sent to Rigzone late Tuesday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending May 23.