The biggest energy company in Portugal— EDP-Energias de Portugal SA—is expected to reject a US$10.9 billion (9.1 billion euro) offer from its largest shareholder China Three Gorges that seeks to Continue Reading
Oil prices eased from 3-1/2-year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher Continue Reading
There are plenty of reasons why the oil market is suddenly on edge, and why oil prices are at their highest level since 2014. Venezuela’s oil production is falling off Continue Reading
Shares in global oil and gas companies have surged during the current quarter, boosted by rising oil prices, improving earnings and promises of hefty cash returns to shareholders. The strong Continue Reading
Citigroup, BMO doubt prices will reach the triple digits anytime soon. File Image / Pixabay In a week that saw a diverse range of analytical forecasts about the consequences of Continue Reading
A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to Continue Reading
DUBAI (Reuters) – Iranian President Hassan Rouhani reiterated on Sunday that Tehran would remain committed to its 2015 nuclear deal if its interests can be protected and said the U.S. Continue Reading
India’s oil minister on Saturday expressed concern about the rise oil prices but said it was too early to predict the impact of U.S. sanctions on his country’s imports of Continue Reading
Oil industry sources over the weekend made startling disclosures of how top industry officials ruined Nigeria’s four refineries by diverting huge funds earmarked for their routine comprehensive turnaround maintenance (TAM). Continue Reading
The Nigerian National Petroleum Corporation (NNPC) says the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January Continue Reading
