Shell to Pause Kazakh Oil and Gas Investments
Shell will pause investment in Kazakhstan as it navigates legal claims from the OPEC+ nation against oil majors that could stretch into the billions of dollars, Chief Executive Officer Wael Sawan said.
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Saudis Cut Key Oil Price for Asian Buyers
Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years.
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BP, KOC Sign ETSA Extension
The agreement 'paves the way for both companies to collaboratively progress Kuwait's most strategic asset fields'.
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IPAA Promotes Naatz to Chief Policy Officer
The Independent Petroleum Association of America announced that Dan Naatz has been promoted to Executive Vice President and Chief Policy Officer.
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Tankers With Russian Oil Flock to East Asia
More than a dozen tankers loaded with Russian Urals oil are sailing toward Asia or idling along the route.
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Energy Complex Not Immune to Broad Commodities Sell-Off
The energy complex was not immune to the broad sell-off in commodities over the past week, Standard Chartered Bank Energy Research Head Emily Ashford said.
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Tankers Speed Through Hormuz Chokepoint
Very Large Crude Carriers are traveling around the narrow, congested waterway - through which about a quarter of the world's seaborne oil trade travels - at as much as 17 knots, ship-tracking data show.
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