Total refining French Total SA (NYSE: TOT) says it would reconsider its investment plans in France, according to CEO Patrick Pouyanne. Patrick Pouyanne, speaking outside the annual shareholders meeting in Continue Reading
At least 5,000 jobs will be cut around the world this year Royal Dutch Shell Plc will cut 2,200 more jobs, taking the total tally of losses to 12,500 from Continue Reading
Have you noticed that our planet has begun to shake, rattle and roll? Over the past few days we have seen major volcanic eruptions in Costa Rica and Indonesia, and Continue Reading
According to Bernstein Research , peak oil – when oil usage is expected to begin falling globally – could arrive as soon as 2030. While this may seem unlikely with Continue Reading
Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had Continue Reading
As the pendulum of market sentiment swings back towards the bears amid weak economic data, a stabilizing U.S. rig count and the hopeful return of Canadian production, oil prices are Continue Reading
The commodities market has turned a corner and prices are unlikely to return to lows hit in the first quarter, according to Citigroup Inc., which boosted forecasts from metals to Continue Reading
Oil discoveries have fallen to a six-decade low as explorers cut billions of dollars of spending to ride out the biggest market slump in a generation. About 12.1 billion barrels Continue Reading
US President Barack Obama and Iraqi Prime Minister Haider al-Abadi both emphasized the importance of securing and stabilizing Baghdad. The Saturday phone-call between the two leaders came amid renewed political Continue Reading
The Kurdish export of its crude is almost back on track. ERBIL, Kurdistan Region – With over 500,000 barrels of oil produced per day (bpd) in April, the Kurdish export Continue Reading
