Friday’s trading saw Brent crude smash the USD 45-per-barrel ceiling, hitting levels not seen since November 2015. At one point, Brent traded at USD 45.18 per barrel, before cooling off to USD 44.68 by mid-day.
Commenting on oil prices amidst the rally, Russian Deputy Minister of Economic Development Alexey Vedev said his country would be assuming prices in the range of USD 40 to USD 60 per barrel, calling it “the new normal situation for the next five years.”
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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