ConocoPhillips also announced that it would divest nearly $2 billion worth of assets and signaled its intention to ramp up share buybacks to $7 billion …

Analysts had projected that U.S. energy firms would withdraw 1.9 million barrels of crude from storage.

The SSB stated that the upward adjustment for 2025 is driven by higher estimates within the categories of field development and exploration.

The Equatorial Margin basin is a potential bonanza as it shares geological similarities with nearby Guyana, where Exxon Mobil is developing oil fields.

The beginning of the U.S. driving season will also provide a supportive factor for oil prices, according to Yoshida’s remarks.

CalPERS’ stake in Exxon Mobil stands at 8.45 million shares, accounting for approximately 0.19% ownership, based on LSEG data.

The IEA anticipates that India will witness a substantial increase in oil demand, with a projected rise of nearly 1.2 million barrels per day (bpd) …

The Israel-Hamas conflict has far-reaching implications, from its impact on global trade and oil markets to the potential exodus of high-tech firms from Israel.