Is This The End Of A Record-Breaking Oil Rally?
Oil prices have had the strongest start to the year in recorded history, but economic data looks set to put an end to that rally. Oil was down a few Continue Reading
Reuters Survey: OPEC Oil Production Drops To Four-Year Low
OPEC’s production dropped to a four-year low in February, helped by Saudi Arabia and its Arab Gulf allies overachieving in their shares of the cuts, the monthly Reuters survey showed Continue Reading
In rebuff to Trump, OPEC oil output drops further in February
OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter, Saudi Arabia and its Gulf allies over-delivered on the group’s supply pact while Continue Reading
Shell Faces Trial In The Netherlands Over Nigeria Oil Block Deal
Shell is facing prosecution from the Dutch authorities over its acquisition of an offshore oil and gas block in Nigeria a few years ago, Reuters reports. The Anglo-Dutch supermajor is already Continue Reading
Nigeria: Fuel Import Drops As 26 Vessels Sail to Lagos Before Mid-March
Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). Latest Continue Reading
Mexico LNG Contract Goes to KBR
Mexico Pacific Limited is pursuing a mid-scale LNG export project in Mexico’s Sonora state. Mexico Pacific Limited (MPL) has awarded KBR, Inc. a pre-front end engineering design (pre-FEED) contract for Continue Reading
Russia helping Venezuela with wheat supplies, says foreign minister
Russian Foreign Minister Sergei Lavrov said on Friday that Moscow was helping Venezuela with supplies of wheat, hours before a Reuters reporter saw a Venezuela-bound cargo ship carrying Russian wheat Continue Reading
Venezuela to move state oil firm PDVSA office from Lisbon to Moscow
Venezuelan President Nicolas Maduro has ordered state oil company PDVSA’s office in Lisbon to be relocated to Moscow, Vice President Delcy Rodriguez said on Friday, a move she said was Continue Reading
China Says Massive Shale Oil Reserves Found In North
China has found massive shale oil reserves in its northern Tianjin municipality, Chinese news agency Xinhua reported on Friday. Two wells at a field have been flowing for more than Continue Reading
U.S. holds major oil and gas lease sale in sage grouse habitat
The U.S. government kicked off a major sale of oil and gas leases in Wyoming this week after rejecting protests over lands on offer that are considered critical areas for Continue Reading