Call options are currently trading…
Despite global commitments to clean…
Namibia wants to join OPEC…
“I wouldn’t consider a stake in Tesla,” the chief executive of Volkswagen told The Observer at the Frankfurt Motor Show. “I wouldn’t buy a stake because I think all…
Russia’s gas giant Gazprom is raising its borrowing target for this year 2.4 times to US$11.1 billion (725 billion Russian rubles), a source familiar with the plan told Russia’s…
Crude oil could decline to $50 a barrel under the double weight of geopolitical concerns and rising production in the United States. That’s according to the co-head of global oil…
Oil legend T Boone Pickens passed away on Wednesday at age 91 at his Dallas home. He was most known for his strong opinions about American energy. Geologist by trade,…
China’s imports of refined oil products in August jumped by 462,000 mt or 28.4% from the previous month but dropped by 615,000 mt or 22.7% from year-ago level to 2.089…
Saudi Aramco has given the leading role in its share listing to nine of the world’s largest banks that would lead what will be the biggest initial public offering (IPO)…
OPEC revised down on Wednesday its forecast for global oil demand growth this year by 80,000 bpd to 1.02 million bpd, citing weaker demand in the first half and expectations…
GE will sell more shares in Baker Hughes, which it acquired in 2017, and this will reduce its stake in the oilfield services provider below 50 percent, the company said…
The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 7.227 million barrels for the week ending September 5, compared to analyst expectations of a
The mega refinery complex that India plans with the national oil companies of Saudi Arabia and the United Arab Emirates (UAE) will cost more than the original US$44-billion estimate, Indian…
The United States is not ruling out imposing sanctions on Russia’s oil giant Rosneft over its involvement in trading oil from Venezuela, Sputnik quoted the U.S. Special Representative for…
Tokyo Electric Power (Tepco), the operator of the former Fukushima nuclear plant, is running out of storage to keep radioactive water from the 2011 disaster and may have to…
Mexico’s Finance Minister Arturo Herrera has had to defend the government’s budget proposal for next financial year after it came under fire for stipulating an unrealistic oil production growth rate.…
China National Petroleum Corporation (CNPC), which was a key buyer of Venezuelan oil until recently, will not be purchasing oil from the South American country for a second month in…
Spain’s Repsol is in talks with Exxon to acquire some of the supermajor’s acreage in the Gulf of Mexico in a deal that could fetch up to $1 billion, Reuters…
Saudi Arabia plans to have uranium produced and enriched in the future for a civil nuclear power program, the newly-appointed Saudi energy minister, Prince Abdulaziz bin Salman, said on…
A monitoring committee of OPEC and its partners in the production cut deal could discuss this week adopting new metrics to monitor the state of the global oil market and…
Qatar Petroleum has shortlisted several Big Oil firms willing to buy a stake in Qatar’s mega project to expand its liquefied natural gas (LNG) export capacity, and will look at…
Saudi officials have approached some of the richest families in Saudi Arabia about potentially becoming anchor investors in the initial public offering (IPO) of state oil giant Aramco, Bloomberg
Mexico will hedge its oil production against low prices, the government said in its budget proposal for next financial year, and Pemex will conduct its own hedge. Reuters reports…