Demand for loans from the…
David Cameron's recent visit to…
The Japanese Yen experienced a…
Better technology could reduce the average production costs of all oil and gas resource classes by around 30 percent per barrel of oil equivalent by 2050, oil and gas supermajor…
Iraq is inviting companies to bid to build a 70,000-bpd oil refinery near the town of Haditha in the Anbar governorate, the oil ministry said on Thursday. Investors willing…
Norway’s oil major Statoil is removing ‘oil’ from its name and is proposing to rebrand as Equinor as part of its strategy to become a broad energy company actively…
Libya has managed to sustain its oil production at around 1 million bpd over the past couple of months and is boosting its oil exports to Europe and the…
Shell is close to inking a long-term LNG supply deal with Hong Kong utility CLP Power, which would make the supermajor the first long-term exporter of the fuel to Hong…
A consortium of Russian and Iranian companies signed an agreement with Tehran to develop two oilfields located on the country’s border with Iraq, according to emerging reports—Iran’s second deal…
The United States will not interfere with Cyprus’ ability to look for oil and gas resources offshore, according to a statement on Wednesday by Kathleen Doherty, the U.S. ambassador…
Moody’s Investors Service raised on Tuesday its price band for crude oil in the medium term to $45-$65 per barrel from $40-$60 a barrel, as continued OPEC cuts and…
Saudi Arabia will keep its crude exports below 7 million bpd in April as it stays committed to draw down excess global inventories and boost oil prices, according to…
As it had done in several consecutive monthly reports, OPEC lifted again on Wednesday its estimates for non-OPEC oil supply growth this year, but this time the cartel’s estimates that…
Russian gas giant Gazprom plans to cut hundreds of jobs at its trading and export divisions abroad and move trader jobs to St. Petersburg, Reuters reported on Wednesday, citing…
An Australian Senate commission looking into tax avoidance practices among large international companies operating in the country questioned Exxon about not paying any taxes since 2013, despite turning in a…
The American Petroleum Institute (API) reported a moderate build of 1.156 million barrels of United States crude oil inventories for the week ending March 9, according to the API data.…
The Baltimore City Council approved on Monday a bill to ban new or expanded crude oil terminals throughout Baltimore City, and if the mayor signs the bill into law,…
West Africa’s biggest fuel consumer Nigeria will start reducing the sulfur levels allowed in fuel imports in July 2018, a year after a July 2017 deadline it had initially…
Kazakhstan’s sovereign wealth fund has offered to Shell up to a 20 percent stake in KazMunayGas (KMG) in a bid raise the value of the state oil company ahead of…
As crisis-stricken Venezuela is struggling with a steep decline in its oil production, India’s average oil imports from the Latin American OPEC member have slumped over the last few months…
Saudi Arabia’s energy giant Aramco may resort to only a local listing, unnamed sources close to developments around the company told Reuters. The information comes on the heels of…
The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar,…
Shale output at seven major U.S. oil and gas plays will climb by 131,000 barrels per day next month to hit a 6.954 million bpd according to a new report…