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Top News In Oili Today - Breaking & Trending Today

Exclusive: Venezuela's oil tankers at risk of sinking, fires, spills, report finds

More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. ....

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APA Corp pulls back on U.S. natural gas activity amid low prices

U.S. oil and gas company APA Corp said it was ramping down lean gas drilling in the Permian Basin due to weak prices, trimming some $100 million off the 2023 budget, and that it would return to its Alpine High development there when the market improves. ....

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Saudi Arabia cut June Arab Light crude prices for Asia - sources

Saudi Arabia, the world's top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following a plunge in refining margins. ....

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Russia's oil and gas budget revenue drops sharply in April

Russia's federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March, the finance ministry said on Thursday, as a result of higher subsidies to oil refineries. ....

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Chevron export earnings boost supply of US dollars in Venezuela -sources

Some of U.S. oil major Chevron Corp's export earnings from its Venezuela operations are bolstering supplies of U.S. dollars in the South American country, three sources with knowledge of the matter told Reuters. ....

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