Some of the world’s biggest oil companies are turning to startups to help plot their future.Energy giants including BP BP -1.75% PLC and Royal Dutch Shell RDS.A -1.58% PLC are bolstering their venture capital arms—increasing budgets, hiring more Continue Reading
While the Biden Administration calls on OPEC+ to boost production more than planned, the major oil forecasters scaled back their outlook on how much OPEC+ crude the market would need. Continue Reading
Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration. At less than 2 million bpd, the EIA Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Friday, said hundreds of investments in the oil and gas sector have been driven away by the growing Continue Reading
Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash Continue Reading
Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the Continue Reading
Highlights Carriers omit sailings at the terminal, warn of delays Shippers fear booking cancellations Lockdowns, delays in Vietnam may exacerbate problems The shutdown of the Meidong terminal at China’s Ningbo Continue Reading
A Covid outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last Continue Reading
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month. Enbridge Inc.’s Line 3 oil pipeline from Alberta to Wisconsin could Continue Reading
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after rising by 3 last week. The total rig count Continue Reading
