Shell has closed an underwriting agreement with a group of investment banks for the sale of its 8-percent interest in Canadian Natural Resources for about US$3.3 billion, the company said Continue Reading
U.S. crude oil production is expected to rise more than previously expected to 12 million barrels per day by the fourth quarter of 2019, the U.S. Energy Information Administration said Continue Reading
With benchmark US crude prices crossing the $70 a barrel threshold, the shale drillers who helped upend global markets now face a new challenge. (Bloomberg) — For the oil industry, Continue Reading
U.S. shale is growing so quickly that it is presenting new challenges for refiners. The quality and type of the oil mix, particularly in the U.S., is changing because of Continue Reading
U.S. President Donald Trump’s new ambassador to Germany, Richard Grenell, said on Twitter that German firms operating in Iran should halt activities there immediately after Trump announced the United States Continue Reading
Russia has exported less crude oil to Europe this year as the quality of the fuel on offer deteriorated and tense diplomatic relations prompted it to redirect more volumes to Continue Reading
In a market transitioning in a low-carbon way, German utility E.ON said Tuesday that its renewable energy segment saw earnings rise 7 percent. Adjusted net income for the first quarter Continue Reading
It is well-established that Russian trolls attempted to sow discord during the latest U.S. presidential election. But a recent report from the House Science, Space and Technology Committee has charged Continue Reading
The West-Russia relations have reached a new low since the Cold War amid the spy poisoning scandal in the UK, allegations of Russian meddling in elections, and fresh U.S. sanctions Continue Reading
US crude oil prices have slipped back after strong gains as the White House prepared to announce a decision on whether it will withdraw from the Iran nuclear deal. US Continue Reading
