Energy Sector

KEY POINTS Khalda Petroleum, in partnership with Apache, has discovered three new oil and gas fields in Egypt’s Western Desert, expected to add 12 million barrels of oil equivalent to …

Venture Global shares plunged after its 2025 profit forecast missed Wall Street expectations, raising concerns over rising costs and revenue declines.

Chevron announces leadership and structural changes to improve efficiency, cut costs, and optimize global operations amid industry challenges.

Nigeria, Angola, and Algeria lead Africa’s oil production, driving economies while navigating structural challenges and global market fluctuations.

Pemex announces $1.35 billion in spending cuts, prioritizing high-producing wells while deferring projects to optimize resources amid financial challenges.

APA Corp is exploring a $1 billion sale of its Permian Basin assets to streamline operations and reduce debt, aligning with its strategic focus on shale production.

Significant revisions to US energy data by the EIA have left traders and analysts confused, questioning the reliability of crucial market information.

Quantum Capital Group to buy U.S. power producer Cogentrix Energy for $3 billion, highlighting growing investor interest in the energy sector amid rising power demands.

The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …

U.S. gasoline and diesel demand have plunged to their lowest seasonal levels since the 2020 pandemic, according to new data. This slump is squeezing refining margins, threatening to disrupt two …