Oil & Gas News

Saudi Arabia and Kuwait are finally ready to restart their 500,000 bpd oilfields
14.02.2020
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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…
California lawsuits against big oil reach crucial hearings
07.02.2020
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California lawsuits against big oil reach crucial hearings
The U.S. Court of Appeals for the Ninth Circuit will hear arguments on Wednesday whether to allow la…
OPEC+ consults China about Coronavirus consequences for oil
06.02.2020
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OPEC+ consults China about Coronavirus consequences for oil
The OPEC+ joint technical committee asked China on Tuesday to help it assess the demand loss from th…
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