While European oil supermajors are yielding to investor pressure to set emission reduction targets and announcing investments in renewables and EV charging networks, U.S. majors ExxonMobil and Chevron are doubling Continue Reading
Flows of Russia’s key Urals crude exports to Europe via the Druzhba pipeline are likely to be disrupted well into May as deliveries remain suspended following a major crude contamination Continue Reading
Greenpeace activists on Monday climbed aboard a Seadrill drilling rig commissioned by Equinor in protest against oil and gas drilling in the Norwegian Arctic, the group told Reuters. Four activists Continue Reading
Oil futures ended the week sharply lower as traders booked profits amid indications of a possible uptick in OPEC output. ICE June Brent settled $2.20 lower at $72.15/b and NYMEX Continue Reading
U.S. President Donald Trump said on Friday that he “called up” OPEC and told the cartel that they have to bring gasoline prices down. “The gasoline prices are coming down. Continue Reading
The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, the second large drop in as many weeks, keeping Continue Reading
Oil prices fell 3% on Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices. Profit-taking from Continue Reading
Two Trump administration officials said on Friday that neither a wind-down period nor a short-term waiver on China’s oil purchases from Iran are being contemplated after Washington surprised Iran’s customers Continue Reading
With increased global competition in the crude oil production space, and the need to find a solution to the rising subsidy payments, the Nigerian National Petroleum Corporation (NNPC), has said Continue Reading
Saudi Arabia has hinted on the possibility of establishing a refinery in Nigeria. Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih dropped Continue Reading
