IP — Oil & Gas Glossary
Abbreviation for the Institute of Petroleum, a standardization body for the petroleum industry in Europe. Several industry-standard drilling-fluid tests are adopted from IP and ASTM procedures.
In the News
Equinor Q1 2026 MMP Trading Profits Beat $400M Guidance as Persian Gulf War Drives Crude Volatility, Norway Gas Spreads Widen
Prices & MarketsApr 18, 2026
April 17 Evening Wrap: Oil Prices Crash 11% as Iran Reopens the Strait of Hormuz, WTI Settles at $83
Prices & MarketsApr 17, 2026
TotalEnergies Q1 2026 LNG Income Set to Surpass $922M as Iran War Drives 10% Production Gain and Trading Windfall
Prices & MarketsApr 17, 2026