Oil & Gas News

Oil Traders Could Lose Big On Coronavirus Panic
17.02.2020
117
Oil Traders Could Lose Big On Coronavirus Panic
In a market environment in which the majority of day-to-day traders are retired, moved on, or fired…
India Taking Up The Slack as China Cancels Oil Deliveries
17.02.2020
229
India Taking Up The Slack as China Cancels Oil Deliveries
Distressed oil supplies are being offered to India as the spread of the coronavirus crimps fuel cons…
Saudi Arabia and Kuwait are finally ready to restart their 500,000 bpd oilfields
14.02.2020
1 086
Saudi Arabia and Kuwait are finally ready to restart their 500,000 bpd oilfields
Saudi Arabia and Kuwait, which share two oilfields that have not been pumping oil for five years, ha…
Trump Proposes Selling Oil From Strategic Reserve to Fund Budget Plan
13.02.2020
389
Trump Proposes Selling Oil From Strategic Reserve to Fund Budget Plan
President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockp…
Five Americans charged with breaking Iran oil sanctions
13.02.2020
204
Five Americans charged with breaking Iran oil sanctions
Five U.S. citizens have been charged with an attempt to violate U.S. sanctions against Iran by buyin…
Libya refiner stops working on oil shortage
11.02.2020
478
Libya refiner stops working on oil shortage
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid…
OPEC+ cuts fail to boost oil prices
10.02.2020
258
OPEC+ cuts fail to boost oil prices
After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cu…
An Oil Giant In Crisis
09.02.2020
3 703
An Oil Giant In Crisis
Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappoin…
OPEC+ Struggles With Oil’s Fast And Furious Fall
09.02.2020
250
OPEC+ Struggles With Oil’s Fast And Furious Fall
OPEC+ is meeting urgently to discuss moves in the face of an inexorable slide in oil prices that has…
Oil demand under siege as airlines cancel over 50,000 flights
08.02.2020
553
Oil demand under siege as airlines cancel over 50,000 flights
Over 54,011 airline flights scheduled to, from, and within China between January 23 and February 4 w…
Is zero the Tesla of motorcycles?
08.02.2020
73
Is zero the Tesla of motorcycles?
The electrification of transportation is picking up with Tesla leading the charge. The U.S. company…
After two oil train derailments Canada imposes lower speed limits
08.02.2020
220
After two oil train derailments Canada imposes lower speed limits
A second oil train derailment in Saskatchewan in two months has prompted the federal Canadian govern…