Oil & Gas News

China to add 14 million bpd in unneeded refining capacity
07.10.2020
478
China to add 14 million bpd in unneeded refining capacity
China has some 1.4 million bpd in new refinery capacity under construction, to be completed by the t…
Poland fines Gazprom $7.6 billion over Nord Stream 2
07.10.2020
445
Poland fines Gazprom $7.6 billion over Nord Stream 2
Poland, one of the countries strongly opposing the Russia-led Nord Stream 2 natural gas pipeline pro…
Key indicator shows signs of oil market recovery
01.10.2020
562
Key indicator shows signs of oil market recovery
The North American Frac Spread Count has increased to triple digits this week, according to big data…
Saudi Arabia’s economy hit hard by the oil price crash
01.10.2020
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Saudi Arabia’s economy hit hard by the oil price crash
Saudi Arabia’s economy shrank by 7 percent, with the unemployment rate hitting a record high i…
Nigeria considers privatizing its state oil firm
29.09.2020
421
Nigeria considers privatizing its state oil firm
Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) und…
Former Libya oil wealth handler arrested for fraud
29.09.2020
439
Former Libya oil wealth handler arrested for fraud
The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for f…
Venezuela is buying Iranian oil with planes full of gold
29.09.2020
714
Venezuela is buying Iranian oil with planes full of gold
Iran has received gold from Venezuela for the fuel cargoes Tehran had sent to the Latin American cou…
Iran significantly boosts oil exports despite sanctions
28.09.2020
330
Iran significantly boosts oil exports despite sanctions
Iran is estimated to have exported nearly 1.5 million barrels per day (bpd) of crude oil and condens…
Another billion-dollar oil merger is on the horizon
28.09.2020
431
Another billion-dollar oil merger is on the horizon
Devon Energy and WPX Energy are discussing a merger to weather the impact of the pandemic on the oil…
Russia remains China’s top oil supplier
25.09.2020
449
Russia remains China’s top oil supplier
Russia was the biggest exporter of crude oil to China last month, for the second month in a row, Reu…
BP’s stock price crashes to the lowest level in 25 years
25.09.2020
427
BP’s stock price crashes to the lowest level in 25 years
The stock price of BP fell to the lowest since 1995 a week after the launch of the company’s c…
India topped its strategic petroleum reserves with $19 a barrel oil
22.09.2020
399
India topped its strategic petroleum reserves with $19 a barrel oil
India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves…
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