An oil company affiliated with the government running eastern Libya said it was poised to export its first load of crude oil, setting up a potential clash with authorities in Continue Reading
Mexichem has declared force majeure on one internal contract in the wake of a blast at a petrochemical plant that killed at least 24 people, the company’s Chief Executive Officer Continue Reading
Indian energy conglomerate Reliance Industries reported a nearly flat profit of 55.11 billion rupees ($895 million) for the December quarter but beat analyst… Reliance Industries Ltd, India’s biggest oil refiner, Continue Reading
How High Will It Go? Shell, BP costs surpass 2005, when oil last averaged in $50s The world’s biggest oil companies, set to report their worst quarterly earnings in more Continue Reading
Halliburton Co said on Friday that it reduced headcount by more than 6,000 during the first quarter due to the prolonged slump in oil prices. The oilfield services provider said Continue Reading
The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the sector, has fallen sharply since oil prices began to fall. But it hasn’t fallen enough to Continue Reading
U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group said. The American Petroleum Institute published data for March that Continue Reading
Oil field services company Schlumberger says its first quarter revenue suffered one of the steepest declines in years. File Photo by ekina/UPI HOUSTON, April 22 (UPI) — Schlumberger, the largest Continue Reading
Halliburton Co. booked a $2.1 billion expense in the first quarter for cutting jobs and writing off assets, giving some results early and delaying the full earnings release as it Continue Reading
General Electric said it is dealing with a ‘very challenging environment.’ The global oil-market rout continued to weigh on General Electric Co. GE -0.71 % , which posted a quarterly Continue Reading
