Brent hit a high of USD 51.96 per barrels on Wednesday and was going for USD 51.85 per barrel at the time of writing. WTI was doing USD 49.68 per barrel at 4.41 pm (GMT+3), having reached USD 49.77 per barrel earlier in the day.
The American Petroleum Institute on Tuesday said US crude inventories had dropped by 7.6 million barrels, with analysts eagerly anticipating whether the inventory drop will be confirmed by the US Energy Information Agency later today.
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
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Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
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SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
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