India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian Continue Reading
India has detected a new “double mutant variant” of the novel coronavirus, the health ministry said on Wednesday, adding to concern as the government struggles with the highest single-day tally Continue Reading
Houston — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive Continue Reading
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported , citing court documents. According to Continue Reading
Mexico’s Pemex is considering letting U.S.-based Talos Energy lead the development of the Zama oil field, Reuters reported , citing the state oil company’s chief executive. Talos Energy, leading a Continue Reading
One of the things that doesn’t get a lot of discussion in the press is the under-the-table relationship Iran and China have had when it comes to oil. At first Continue Reading
China’s crude throughput has started to fall in March with refinery maintenance kicking in since late February, and likely to continue over April-June, latest industry data and information collected by Continue Reading
‘The reason we see China as the main potential import source is the country’s rapid increase in refinery capacity,’ analyst says Australia is set to close two of its last Continue Reading
Two Democratic Senators from California are urging the Biden Administration to follow California’s lead and set a date for phasing out new sales of gasoline and diesel-powered cars. In a Continue Reading
The number of U.S. air travelers exceeded 1.5 million on Sunday, for the first time since the middle of March 2020, in a good sign for oil demand as U.S. Continue Reading
