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Oil & Gas
China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state fi
Oil & Gas
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state
Oil & Gas
Shell Wins Auction of Guyana's First Three Crude Oil Cargoes
Royal Dutch Shell won the rights to market Guyana’s first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launch
Climate Change
600-gallon Oil Spill Left Parts of the Galapagos Islands
The spill is reportedly the result of an error at a port on San Cristobal Island. An accident saw a crane collapse as it was loading a barge with a container ca
Oil & Gas
The Chemical That Caused Russia's Oil Contamination Crisis
A highly toxic and possibly illegally traded chemical substance was the main culprit in the crisis with contaminated oil, which had Russia interrupt oil flows o
Oil & Gas
Trump Claims To Have Taken Control Of Middle East Oil
“We’ve taken control of the oil in the Middle East, the oil that we’re talking about, the oil that everybody was worried about. We have the U.S. control of t
Oil & Gas
Saudi Aramco Arrive in Syria’s Oil Fields
Sources have disclosed that the Saudi Arabian Oil Company, commonly referred to as Aramco, has sent a delegation of experts to discuss investment opportunities
Oil & Gas
NNPC's Refineries Record Losses for Nine Consecutive Months
The three refineries belonging to the Nigerian National Petroleum Corporation (NNPC) recorded losses for nine consecutive months, the corporation said in its Se
Oil & Gas
Oil Prices Fall But Hold Near 3-month High on Trade Deal Agreement
Brent crude oil futures fell 23 cents, or 0.4 per cent to $64.99 a barrel by 0101 GMT, after closing at a near three-month high on Friday.
Oil & Gas
Saudi Aramco Replaces Apple as World’s Largest Listed Company
Saudi Arabia’s oil company Aramco gained 10 per cent in its first moments on the stock market on Wednesday in a dramatic debut that held until closing and push
Oil & Gas
Asia Seen Adequately Prepared for Deeper OPEC Crude Output Cuts
Asia appears well prepared for OPEC's new crude production cut era as Chinese, South Korean and Japanese refiners' flexible feedstock procurement strategies wou
Oil & Gas
OPEC Fails to Pin Down New Output Target after Marathon Talks
OPEC failed nail down the details of an agreement to adjust its official production target, as six hours of talks in Vienna found no resolution amid objections
Oil & Gas
Crude Oil Futures in Consolidation Mode as Markets Await OPEC Meet
Crude oil futures were marginally lower during morning trade in Asia on Thursday amid some profit-taking after gaining more than $2/b during Wednesday's trading
Oil & Gas
Nigeria Commits to OPEC Agreements Before Vienna Meeting
Nigeria is committed to full implementation of agreements among OPEC and non-OPEC members, its minister of state for petroleum said on Sunday, ahead of an OPEC
Oil & Gas
Why Are Oil Markets Suddenly So Volatile?
The newsfeed this week has been inundated with updates on Aramco’s IPO developments. On the retail side, the Aramco IPO has reached $7.21 billion in subscripti
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