Oil output from Russia’s Sakhalin-1 project is set to rise by about a quarter to 250,000-260,000 barrels per day (bpd) from January, sources with knowledge of the plan said, signaling Continue Reading
IONITY , the joint venture of BMW, Daimler, Ford and Volkswagen with Audi and Porsche that is developing and implementing a High-Power Charging (HPC) network for EVs across Europe ( Continue Reading
Norway’s Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company’s head of exploration told Reuters Continue Reading
Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output. FILE Losses were limited though as expectations that OPEC and other key exporters Continue Reading
A week out from the OPEC meeting, everyone is assuming a rollover of the production cuts for an additional nine months will be a simple formality, putting the limits in Continue Reading
Journalists listened to OPEC ministers attending a meeting in Vienna on Wednesday, where members reviewed progress on their 2016 agreement to curb oil output. After years of doing too little, Continue Reading
State oil giant Saudi Aramco [IPO-ARMO.SE] and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil Continue Reading
Iraq plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday. The new pipeline will Continue Reading
The Ritz-Carlton in Riyadh is holding about 200 members of the Saudi elite A peak inside the Ritz-Carlton as it hosts those suspected of corruption Riyadh’s palatial Ritz-Carlton hotel, branded Continue Reading
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
