Oil climbs close to April peak on tighter supply

Wildcat Petroleum issued a release containing an update on its plans in the Republic of Sudan. Due to the current political situation in Sudan the Company is unable at the present time to sign a Production Sharing Agreement (PSA)

Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the United States spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. U.S. West Texas

Oil prices edged higher on Wednesday, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such

The current political unrest in the Republic of Sudan which flared up on the 15th April has not fully resolved itself. However the Sudanese oil industry infrastructure has not been affected and the oil fields located around the

Sudan’s oil exports have defied expectations by experiencing a notable increase, even amidst the ongoing internal tensions between the Rapid Support Forces and the regular army. The stability of crude oil production from South Sudan, filling the critical

Today, the digital transformation we are witnessing is evolving most strikingly in the oil and gas sector. Industry 4.0 is here, and the stakes are clear – connectivity platforms are key in streamlining operations, while also unlocking revenue

Crude exports by South Sudan have climbed to their highest level in almost two years despite an ongoing war between Sudan’s government forces and a paramilitary group that erupted in April. Crude shipments now average 154,839 barrels per

Oil prices edged up on Thursday after recording three straight days of losses as a large drop in US crude stocks helped offset persistent worries about China’s economic growth. Brent, the benchmark for two thirds of the world’s oil,

Prospects for the global oil market look healthy for the second half of the year, OPEC said on Thursday as the producer group stuck to its forecast for robust oil demand in 2024 and nudged up its expectations

Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further tightening supplies. Prices have seen a sustained rally, with both key benchmarks notching up

The energy sector has experienced a strong comeback after lagging for most of the year. In July, crude oil prices surged over 15%, marking the best month since January 2022. In August, oil prices have continued to rise,

Oil prices rose on Wednesday as a large drop in US crude stocks signalled strong fuel demand in the world’s largest economy. Brent, the benchmark for two thirds of the world’s oil, was trading 0.19 per cent higher at