Oil & Gas News

Saxo Bank: oil unlikely to return above $50 by year-end
17.09.2020
319
Saxo Bank: oil unlikely to return above $50 by year-end
The faltering oil demand recovery and the lack of a COVID-19 vaccine will likely push the oil price…
Iran boosts oil output at oilfields shared with Iraq
16.09.2020
385
Iran boosts oil output at oilfields shared with Iraq
Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 ba…
Oil rises on major crude draw
16.09.2020
411
Oil rises on major crude draw
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 9.517…
Saudi Aramco retakes crown from Apple as world’s most valuable company
15.09.2020
581
Saudi Aramco retakes crown from Apple as world’s most valuable company
Saudi Arabia’s oil giant Aramco reclaimed the spot of the world’s most valuable company…
Iran to link its power grid to Russia, Azerbaijan
12.09.2020
307
Iran to link its power grid to Russia, Azerbaijan
Iran’s electricity grid will be connected with Russia and Azerbaijan in a few months, once gri…
OPEC’s third-largest producer fails to comply with output cuts
12.09.2020
467
OPEC’s third-largest producer fails to comply with output cuts
The United Arab Emirates (UAE), currently OPEC’s third-largest producer, is estimated to have…
Turkey in talks to secure Libyan oil and gas exploration rights
11.09.2020
183
Turkey in talks to secure Libyan oil and gas exploration rights
Turkey is in talks over oil and gas exploration in Libya, as President Recep Tayyip Erdogan’s…
Oil major BP makes first ever move in offshore wind energy
11.09.2020
677
Oil major BP makes first ever move in offshore wind energy
BP is making its first move into the offshore wind market with a strategic partnership in U.S. offsh…
U.S. Oil company Hess attempts to load crude from Libya port
11.09.2020
395
U.S. Oil company Hess attempts to load crude from Libya port
Hess may attempt to load a cargo of crude oil from Libya’s Es Sider port this week. If success…
Oil heading for its first back-to-back weekly loss since April
11.09.2020
308
Oil heading for its first back-to-back weekly loss since April
Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a shar…
Japan tried to broker oil barter deal between Iran, U.S.
09.09.2020
323
Japan tried to broker oil barter deal between Iran, U.S.
The Japanese government tried to melt the freeze between Washington and Tehran by proposing a swap d…
Exxon makes 18th oil discovery offshore Guyana
09.09.2020
460
Exxon makes 18th oil discovery offshore Guyana
ExxonMobil said on Tuesday it had made its 18th oil discovery offshore Guyana, which adds to its pre…
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