Exxon adds 4.5 billion barrels to reserves in 2018
Exxon Mobil Corp said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, driven mainly by increases in its holdings in the U.S. Continue Reading
Ex-Trump Advisor Wins Big On EPA Biofuel Tweaks
It’s been a volatile decade for the United States biofuels industry, to put it lightly. In 2007 the federal government, as part of an effort to reduce U.S. dependence on Continue Reading
BP CEO Dudley: U.S. Shale Is ‘A Market Without A Brain’
The U.S. shale industry responds only to oil price signals and is like “a market without brain” , BP’s chief executive Bob Dudley said on Tuesday. “The U.S. is the Continue Reading
Russian energy ministry, oil companies to discuss global oil deal: sources
Russia’s energy ministry plans to meet domestic oil companies on March 1 to discuss a deal between OPEC and other leading global oil producers to reduce production, two sources familiar Continue Reading
Crude oil futures slip on expected US crude stock build; Trump’s tweets
Crude oil futures were lower during mid-morning trade in Asia Tuesday, extending the downtrend from the previous trading session, triggered by the US President’s latest tweets on “oil prices getting Continue Reading
Trump warns Saudi Arabia on oil prices as focus turns to re-election: Kemp
U.S. President Donald Trump has warned OPEC not to tighten the oil market too much and risk another spike in prices that could harm the global economy – and his Continue Reading
Oil slumps 3 percent after Trump again criticizes OPEC
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing Continue Reading
Goldman: Brent Oil To Reach $70-$75 Soon
As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding the Continue Reading
Vitol Sees Higher Oil Prices As Heavy Crude Supply Shrinks
Commodity trading major Vitol expects crude oil prices to rise further as U.S. sanctions on Venezuela and OPEC production cuts squeeze the global supply of heavy crude, Vitol’s chief executive, Continue Reading
New Bashiqa drilling touches a political nerve
Of all the oil projects in Iraq, the Bashiqa exploration block – which straddles the line of control between the autonomous Kurdistan region and the federal government – is perhaps Continue Reading