“Payara, Liza and the adjacent satellite discoveries at Snoek and Liza Deep will provide the foundation for world class oil developments and deliver substantial benefits to Guyana.” Last June ...

Kazakhstan has the largest proven oil reserves in the Caspian Sea region, with nearly 80% of all recoverable oil reserves ...

Scientists discover massive deposits of this valuable resource sitting beneath the feet of millions of Americans.

according to a World Bank report. The Bab el-Mandeb Strait, located at the southern entrance of the Red Sea, is a chokepoint for global oil shipments, particularly for crude oil traveling from the ...

and catapulted the impoverished South America country firmly onto the global oil map. OilPrice points out that the offshore Guyana-Suriname Basin is being called the world’s most exciting oil ...

Oil prices fell for a fifth day to their lowest since February 2021 today on looming demand concerns fuelled by an escalating tariff war between the US and China, the world's two biggest economies ...