Washington University in St. Louis…
U.S. supermajors ExxonMobil and Chevron,…
China, facing US threats of…
An energy consultant who had worked for Shell for decades has started talks with Venezuela’s state oil firm PDVSA to help it reduce gas flaring at oil sites, but the…
Two senior Moscow managers at Glencore have left the commodity trader for their own start-up that will trade energy resources and supply equipment in Russia, sources in the industry told…
As the coronavirus spreads fast outside China, dampening consumer and business sentiment, analysts continue cutting their forecasts of oil demand growth this year. In one of the latest downward revisions,…
PetroChina, the largest importer of natural gas, has declared a force majeure on all imports, including of liquefied natural gas, unnamed sources told Reuters, without providing any details except…
Crude oil imports by China’s independent refineries, or teapots, fell to the lowest in six months, at 2.76 million bpd last month, down by almost a fifth from the record-high…
Venezuela has moved to seize assets of six shipping companies claiming they have unpaid debt to state oil company PDVSA, Reuters reported, quoting a document it had seen and…
The European Commission proposed on Wednesday enshrining the European Green Deal’s commitment for carbon neutrality by 2050 into legislation, as part of the European Union’s heightened focus on climate…
The OPEC meeting of ministers from OPEC, Russia, and other non-OPEC producers ended its meeting day without agreeing on a solution to the coronavirus problem, with Russia holding out, an…
A spokesman for the Saudi-led coalition in Yemen announced on Wednesday that it had staved off an attack on an oil tanker in the Arabian Sea, Saudi news agency SPA…
Morgan Stanley updated its oil demand forecast for this year, saying it expected it to be close to zero in China after the devastating coronavirus epidemic. “We now expect China’s…
As top officials from OPEC countries start to arrive in Vienna for this week’s OPEC+ meeting, OPEC’s top producer Saudi Arabia is pushing for a huge cut of more than…
The American Petroleum Institute (API) estimated on Tuesday a smaller than anticipated crude oil inventory build of 1.7 million barrels for the week ending February 28, compared to analyst expectations…
South Sudan continues to spend oil revenues in advance and its oil sector continues to lack transparency, according to a UN report that was made public recently. One of the
Kuwait expects OPEC and its non-OPEC partners led by Russia to reach an agreement this week on how to react to the oil price and demand slump due to…
Wells Fargo has become the third major U.S. bank to stop financing new oil and gas projects in the Arctic, joining the likes of Goldman Sachs and JPMorgan in a…
New refining capacity depressed margins for Chinese refiners, with profits down 42 percent on the year in 2019, Reuters reports, citing the China Petroleum and Chemical Industry Federation. Capacity increased…
Thanks to careful spending in lower-risk projects with solid returns, U.S. oil supermajor Chevron has the capacity to distribute US$75 billion-US$80 billion in cash to shareholders over the next five…
Waymo, the self-driving car developer of Alphabet, has raised $2.25 billion in funding from external investors, led by tech investment firms including Silver Lake, Alphabet itself, Andreesen…
Unipec, the oil trading unit of Asia’s largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like…
After Teck Resources canceled its oil sands project, even approved oil sands projects could be difficult for Canada’s companies to bring online in the short term until more pipeline capacity…