BP reported a surprise increase in oil production from aging fields that, according to chief executive Robert Dudley, he hadn’t seen in his close to four-decade career in the industry. Continue Reading
Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude. “I cannot Continue Reading
Crude oil futures rose on Friday after two days of sell-offs amid optimism over a planned meeting between North Korea’s Kim Jong Un and U.S. President Donald Trump. Kim also Continue Reading
Oil prices fell on Thursday, headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging Continue Reading
The initial public offering of Saudi Aramco—currently slated for the second half of 2018—could be pushed into 2019, Saudi Energy Minister Khalid Al-Falih hinted in an interview with Bloomberg published Continue Reading
Shell and Saudi Aramco signed on Thursday a preliminary agreement to pursue gas projects worldwide, as the Anglo-Dutch supermajor is increasingly betting on natural gas production and Aramco seeks to Continue Reading
Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammed bin Continue Reading
Iran’s crude and condensate exports are set to fall to a two-year low this month as loadings for its main Asian buyers will tumble by one-third from the previous month, Continue Reading
Saudi Arabia is set to use surplus oil revenues to bolster the financial firepower of its $230bn Public Investment Fund, the sovereign wealth fund driving crown prince Mohammed bin Salman’s Continue Reading
Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants Continue Reading
