The real-time price of Brent crude oil is at $77.48 per barrel, and the price of WTI crude oil is at $74.60 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...
Fracking tends to become unprofitable when oil prices are lower than about $30 per barrel, but existing wells can continue to operate. What Is Fracking? Traditionally, oil is extracted from ...
Indian Oil Corp has purchased 7 million barrels of Middle Eastern and African crude oil, including Abu Dhabi's Murban, amid U.S. sanctions on Russian oil. Indian Oil Corp (IOC), the country's top ...
Data mined from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) show that Nigeria produced a total of 566.8 million barrels of crude oil and Condensate in 2024. Based on Nairametrics ...
DUBAI, Jan 20 (Reuters) - Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil ...
The oil well’s early testing revealed a daily output rate of up to 5,000 barrels, according to Hassan. The new oil discovery is strategically significant as Iraq is ranked fifth globally in ...