If presumptive Democratic candidate Joe Biden wins the presidential election in November, Iran could suddenly turn from a bullish driver for oil prices into a bearish factor if it resumes Continue Reading
South Sudan’s oil production has dropped by 20,000 b/d to 170,000 b/d because of the impact of surging coronavirus cases, which has led to disruptions in operations at oil fields, Continue Reading
The majority of the world’s oil producers have been racing to heavily cut back spending and production in response to the oil market crisis, while Mexico’s national oil company, Petroleos Continue Reading
Shipments of diesel and jet fuel from East Asia to Europe are set to stay low for a while yet, potentially aiding hard-pressed European refiners. Only two ships hauling about 160,000 tons of Continue Reading
A Korean research team has developed a technology that can be used to mass-produce aviation-grade fuels from wood wastes. The ability to produce aviation-grade fuel from oil derived from wood Continue Reading
China is set to boost its gasoline and gasoil exports from August as state-run refiners actively seek to clear the country’s surging oil product stockpiles with heavy rains and floods Continue Reading
The usual post-merger giddiness that abounds after a multibillion-dollar oil deal is noticeably absent in the wake of Chevron Corp.’s $5 billion takeover bid for Noble Energy Inc. With Chevron agreeing Continue Reading
Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since Continue Reading
Chevron has decided to acquire Noble Energy in a $5 billion deal , expanding its footprint in U.S. shale and in the Eastern Mediterranean. The acquisition is the first major Continue Reading
The low oil prices and drastically reduced fracking activity in North America claimed another victim as oilfield services provider BJ Services filed on Monday for Chapter 11 bankruptcy protection. Texas-based Continue Reading
