Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

Here's how to check the six essential fluids in your car. After fuel (unless you have a fancy EV), oil is your car's most important fluid. Engines components spin thousands of times a minute ...

As of the end of 2024, the Footsie firm’s proven reserves stood as a colossal 9.62bn barrels of oil equivalent. The business was until recently known as Royal Dutch Shell in a nod to its Anglo ...

Preliminary estimates of gross recoverable resources are “in the range of 39 to 75 million barrels of oil equivalent, with a mean of 55 million barrels of oil equivalent”, the statement ...

In 2024, CNOOC recorded a net oil and gas production of 726.8 million barrels of oil equivalent (BOE), a YoY increase of 7.2%. The company reported the net profit attributable to equity shareholders ...

Horizon said the assets are providing stable and predictable production of about 2000 barrels of oil equivalent per day, net to Horizon. The Australian company's share of reserves would be 3.9 ...

The North Sea could produce about half of the oil and gas the UK will need in ... noting there were four billion barrels of oil equivalent (BOE) “at various states of readiness” with a further ...

This equated to a gas equivalent flow rate of >7.3MMscfd or an oil equivalent rate of 1228bpd. Importantly, it demonstrates that the company’s Canyon project area hosts a material oil play in ...

The overall tax burden in the UK is forecast to rise from the equivalent of 35.3% of GDP (gross domestic product, or the total value of the economy) in 2024/25, to a “historic high” of 37.7% in ...

The list includes six producing assets, which contributed a significant 228k barrels of oil equivalent per day (boepd) of hydrocarbons in 2024 –equivalent to around 14 per cent of Oman’s total oil and ...

Uplift are an environmentalist group which supports efforts to transition from oil and gas production in the UK. Khan argued that between now and 2050, new licences are expected to provide in total ...