Easing Inflation Sparks Bullish Sentiment…
The UK government aims to…
Asian refiners are reducing their…
Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, has issued a tender to import a total of up to 24 million barrels of crude oil from the…
Supermajor BP will cut 10,000 jobs, or around 15 percent of its workforce, as it looks to cut costs amid the oil price crash resulting from the…
China’s crude oil imports in May jumped to the highest in history ever, at 11.34 million bpd, customs data showed, confirming an earlier report by analytics firm OilX,…
Saudi Arabia sharply raised its official selling prices for crude oil, removing almost completely the deep discounts it had in place to preserve its market share during the price war…
Canada is the top energy trade partner of the United States and was the largest source of American energy imports last year, the U.S. Energy Information Administration (EIA) said…
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its…
China has required the three biggest state-held oil corporations to transfer the management of half of their liquefied natural gas (LNG) terminals to the newly created state-controlled midstream firm, Caixin…
Carbon dioxide emissions resulting from gas flaring in the Permian are set to fall by one-half during the second half of this year, Rystad Energy said, citing the forced…
OPEC+ is reportedly close to agreeing on an extension of the deep production cuts it signed up for in April, after the cartel’s leaders managed to convince Iraq of the…
Russia’s Energy Minister Alexander Novak is predicting a shortage in the oil market next month, Ifax reported on Thursday. Novak said that the global oil markets could see a shortfall…
The U.S. Gulf of Mexico is better prepared now to ride out the oil crisis than it was in the 2015-2016 downturn, as 82 percent of oil production has a…
Saudi Arabia is looking to boost its non-oil revenues while its oil revenue is taking a hit in the low oil prices and is raising customs duties on hundreds…
U.S. Senators are set to announce this week a bill to expand sanctions on the Russia-led natural gas pipeline project Nord Stream 2, Senate aides told Reuters, which has…
Nigeria’s Federal High Court has ruled that the government cannot include eight oilfields in its latest oil auction to local companies because the legal status of the licenses continues…
Russia’s Rosneft has set up a new trading arm to replace the one that Washington sanctioned earlier this year for the company’s work with the Venezuelan government, unnamed sources in…
Exxon will likely make the final investment decision for its Mozambique LNG project next year, Reuters reports, citing the country’s National Petroleum Institute. The supermajor postponed the FID on…
Some 20,000 tons of fuel and lubricants spilled into an Arctic river near the industrial city of Norilsk and it will take decades for the river, Ambarnaya, to recover, the…
Occidental Petroleum is evacuating some of its Gulf of Mexico oil facilities ahead of the anticipated storm Cristobal, Occidental said on Wednesday. The evacuated workers so far will be limited…
Shell is weighing the sale of 26 percent in facilities of the QGC liquefied natural gas (LNG) project it operates in Queensland, eastern Australia, which could fetch up to US$3…
Italy’s Eni is considering creating a separate division to focus on renewable energy as the oil and gas major—like other European oil firms—is looking to drastically cut emissions and accelerate…