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Oil & Gas Trade
Saudi Arabia´s New Energy Minister Reportedly Endorsed Curbing Oil Output
Saudi Arabia´s new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing na…
Shell Leads Big Oil in the Race to Invest in Clean Energy Tech
Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are we…
Oil spill caused by Hurricane Dorian is 'catastrophic,' environmentalists report
A Norwegian owned oil storage facility on Grand Bahama was damaged during Hurricane Dorian and has caused a 'catastrophic' oil spill, as reported by Bahamas Pre…
Oil & Gas Trade
Exxon Mobil Agreed to Sell Its Norwegian Oil and Gas Assets at $4 billion
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a…
Shell Leads Big Oil in the Race to Invest in Clean Energy Tech
Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are wel…
$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns
The US$20-billion Danish fund MP Pension said on Tuesday it is excluding the world’s largest oil companies from its portfolio, looking to secure long-term retu…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
Oil Price
Russian Economy will not be Under Serious Pressure Even if Oil Prices Drop to $40
The Russian economy will not be under serious pressure even if oil prices drop to $40 per barrel, Russian Economic Development Minister Maksim Oreshkin said.
Oil Price
Oil prices Fell on Monday after New Tariffs Imposed By Trade War
Oil prices fell on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and de…
India and Russia Will Unveil A Energy Co-operation Agreement to Reduce India's Dependence on Traditional Fuel Suppliers
The framework, to be inked at the Modi-Putin summit, aims for an alternate route for oil, gas and coal from the Russian far east, an area marked out by both nat…
Oil & Gas Trade
U.S. Imposes Sanctions on Wandering Iranian Oil Tanker
The Treasury Department on Friday imposed sanctions on an Iranian oil tanker at the center of a power struggle between the United States and Iran, a move that t…
Oil & Gas Trade
Gazprom Conceded for Decline in European Gas Exports, Prices
Kremlin-controlled energy giant Gazprom on Thursday conceded for the first time that its gas exports to Europe, as well as its prices, will decline in 2019 foll…
Crude
Kenya Exports Its First-Ever Barrel of Oil to China
Kenya exported its first-ever batch of crude oil Monday, with President Uhuru Kenyatta declaring the shipment of 200,000 barrels a "special moment" in the count…
Oil & Gas Trade
BP to Exit Alaska in $5.6 Billion Deal with Hilcorp
British oil major BP Plc (BP.L) on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region wher…
Oil & Gas Trade
Oil Pipeline Vandalism In Nigeria Soars 77%
The Nigerian National Petroleum Corporation (NNPC) said on Sunday that it had seen a 77-percent jump in the number of cases of oil and fuel pipeline vandalism o…
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