Oil products output at Europe’s largest oil refinery—Shell’s 404,000-bpd Pernis refinery in the Netherlands—will be reduced after workers started a strike on Monday, demanding higher wages. “There will be impact Continue Reading
Participants in the OPEC/non-OPEC crude production cut deal may change their approach to output levels this year, but the cooperation can withstand such changes, the head of the Russian Direct Continue Reading
In a survey of 2,000 adults across the UK, Nissan’s research found that only 1 in 3 were aware of the Ultra Low Emission Zone ( ULEZ ) going live Continue Reading
Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over Continue Reading
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well Continue Reading
The renewable energy revolution that many have been seen as a threat for the oil and gas industry will actually benefit one significant segment of it: Big Oil. That’s what Continue Reading
Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade —since the second quarter of Continue Reading
Saudi Aramco, the national oil company of Saudi Arabia, is by far the largest oil company in the world. The company produces around 13 percent of the world’s oil, but Continue Reading
The Saudi energy minister said on Monday it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts, but a meeting next Continue Reading
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday. State-owned Saudi Aramco, the Continue Reading
