Oilfield activity slowed further this quarter, according to the latest survey of energy executives by the Federal Reserve Bank of Dallas, with declines in oil production and gas output indices.
Igor Sechin, head of the Russian energy giant Rosneft , said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production.
Oil prices edged lower in early trade on Friday, taking a pause from the previous session when futures gained steeply on optimism around higher energy demand from top crude importer China.
Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country's oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday.
Kuwait Petroleum Corporation (KPC) sees continued good demand for oil from China in the second half of the year, its chief executive said on Thursday, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.