Markets

Scandinavian major producer's oil and gas production significantly topped forecasts in Jul., driven by a major new oilfield reaching full capacity.

Guyana’s oil-producing capacity has surged to 900K b/d with the start of production at ExxonMobil's Yellowtail development in the offshore Stabroek block.

The UK energy major has announced its largest oil and gas discovery in 25 years in the deepwater Bumerangue block of Brazil's Santos basin.

The oil and gas industry in South America is being reshaped by a combination of US sanctions, corporate strategy shifts, and new government policies.

While Big Oil companies have historically profited from market volatility through their trading arms, the current geopolitical uncertainty is proving to be a challenge.

The South Pacific island country’s Parliament has voted to reverse a 2018 ban on offshore oil and gas exploration.

ExxonMobil Corp. and Chevron Corp. both demonstrated robust production performance in Q2 2025, significantly offsetting the impact of lower crude prices.

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) met on Jul. 28, emphasizing the

US crude oil production achieved a new monthly record in May 2025, averaging 13.488 MM b/d, a modest 0.2% increase from Apr. but a substantial 2.2% rise year-over-year, according to new EIA data.

California Governor Gavin Newsom is proposing new legislation to streamline the permitting process for oil wells.