The world’s largest oil companies are set to report next month another set of strong quarterly earnings amid significantly higher oil prices and global oil demand in the second quarter Continue Reading
The growing market for paying for carbon emissions could become a larger market than the one for crude oil, according to the head of carbon trading at Trafigura, one of Continue Reading
Iraq’s Oil Ministry is sitting on roughly 1 million bpd of capacity — and developing more — as OPEC quotas begin to ease. Iraqi Oil Minister Ihsan Ismaael (center right) Continue Reading
The amount of heat Earth traps has roughly doubled since 2005, contributing to more rapidly warming oceans, air and land, according to new research from NASA and the National Oceanic and Atmospheric Continue Reading
Energy Minister Prince Abdulaziz bin Salman Saudi Arabia’s cautious approach to reviving OPEC+ oil output has been proved correct, said Energy Minister Prince Abdulaziz bin Salman. After a year of Continue Reading
Iran grappled with fears of low voter turnout two days ahead of its presidential election as the race narrowed on Wednesday into a showdown between the country’s hard-line judiciary chief Continue Reading
Nigeria’s oil subsidy programme has unwittingly become a drag on the economy. When the price of the commodity rises on the international market, revenue rises, but this gain is more Continue Reading
Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening Continue Reading
The Chinese government said on Wednesday that “about five” of the uranium fuel rods inside a nuclear power plant in southeastern China had been damaged, but added that no radiation had leaked Continue Reading
Highlights State-owned refineries contribute to rise High throughput is sustainable Crude output up 3.5% on year to 4.03 mil b/d China’s crude throughput in May rose 4.4% year on year Continue Reading
