Citigroup Flags Oil Market's Bearish Consensus
'Conviction differs on the depth of downside,' analysts including Francesco Martoccia said in a note.
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USA Crude Oil Stocks Rise by Almost 4 Million Barrels WoW
Crude oil stocks, not including the SPR, stood at 420.3 million barrels on October 3, the EIA's latest weekly petroleum status report showed.
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Uniper Inks 7-Year Deal for Biomethane Supply from Spain
The German power and gas utility signed an agreement with Five Bioenergy for supply from three of Spain's biggest biomethane projects for seven years.
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BMI Flags Trends It Says Will Shape Future of Oil, Gas
Rigzone takes a closer look at a BMI 'megatrends analysis' sent by the Fitch Group.
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EIA Lifts 2025 and 2026 Brent Forecasts for 1st Time in 2025
The U.S. Energy Information Administration has raised both its 2025 and 2026 average Brent crude oil spot price forecasts in a short term energy outlook for the first time in 2025.
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OMV to Reset Dividend Policy
The Austrian state-backed integrated energy company will implement a new dividend policy from 2026, when it expects to have consolidated its petrochemical assets with ADNOC.
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Philippines Awards 8 Oil, Hydrogen Exploration Licenses
The contracts, which include the world's first competitively awarded native hydrogen exploration licenses, went to companies from Australia, Israel, the Philippines, Singapore, the UK and the USA, according to the DOE.
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ADNOC Targets $43B Dividends over 6 Years from Subsidiaries
ADNOC's six publicly traded companies announced dividend plans for 2025-30 that would nearly double their dividend payments since ADNOC's first IPO for a subsidiary in 2017.
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ExxonMobil Agrees Terms to Explore Giant Iraqi Field
The Texas oil major signed agreements that lay the groundwork for it to explore the giant Majnoon oil field, ending the company's near two-year hiatus in Iraq.
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India Refiners May Buy More Russian Oil
Indian refiners are expected to boost oil imports from Russia in the coming months.