Mohammed Barkindo becomes secretary general on August 1 OPEC at ‘critical time’ as cost of new strategy hits members When OPEC’s new chief starts next week, he’ll take over an Continue Reading
Saudi Arabian Oil Co. has captured the oil industry’s attention with plans for an initial public offering that could raise more than $100 billion, but some investors are wary, pointing Continue Reading
Iraq’s Cabinet has given approval to activate a Japanese loan offer that will fund an upgrade to the Shuaiba refinery in Basra.The new plans promise to improve the efficiency of Continue Reading
Libyan government officials were in talks with brigades holding the Ras Lanuf oil port, one of two major oil terminals shut down since December 2014, to reach a deal to Continue Reading
Mexico oil company hasn’t reported positive results since 2012 Pemex had plant explosion, received capital injection in 2Q Petroleos Mexicanos added to more than three years of losses as a Continue Reading
labourer searches for usable coal at a cinder dump site on the outskirts of Changzhi, Shanxi province October 27, 2009. Thermal coal, the first energy market to go into a Continue Reading
Mexican state oil company Petróleos Mexicanos on Thursday said it recorded an after-tax loss of $4.4 billion in the second quarter, as lower oil prices and output hit sales and Continue Reading
Dealmaking in the U.S. energy industry improved in the second quarter after five subdued quarters and activity is expected to accelerate in the second half of the year, consultant PwC Continue Reading
Oilfield services provider Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by weak drilling activity and pricing, and said it did not expect a substantial recovery in North America Continue Reading
U.S. oil producer ConocoPhillips reported a bigger-than-expected quarterly loss and cut its 2016 budget for the third time this year amid a crude oil slump that has lasted for two Continue Reading
