Oil & Gas News

A new mega cartel is emerging in oil markets
30.04.2019
210
A new mega cartel is emerging in oil markets
China and India—two of the world’s largest oil importers and the biggest demand growth c…
Major strike at Europe’s largest oil refinery ends
28.04.2019
137
Major strike at Europe’s largest oil refinery ends
Trade unions have agreed to end a week-long strike at Europe’s largest oil refinery - Shell&rs…
Exxon, Chevron earnings slump on weak refining margins
28.04.2019
131
Exxon, Chevron earnings slump on weak refining margins
U.S. supermajors ExxonMobil and Chevron reported on Friday lower Q1 earnings compared to a year ago,…
Russia meets Ukraine, Belarus, Poland to discuss tainted oil
27.04.2019
245
Russia meets Ukraine, Belarus, Poland to discuss tainted oil
Russia is holding talks with Ukraine, Poland, and Belarus over a contamination of its crude oil that…
The summer driving season may just have gotten more expensive
26.04.2019
150
The summer driving season may just have gotten more expensive
US and global crude oil prices are near six-month highs as the White House said Monday it would not…
Apache shuts in Permian gas production as prices crash
24.04.2019
624
Apache shuts in Permian gas production as prices crash
Apache Corporation said on Tuesday that it had temporarily started to delay natural gas production a…
Putin loses popularity as he raises taxes and rewards oil companies
24.04.2019
259
Putin loses popularity as he raises taxes and rewards oil companies
Mock headstones for President Vladimir Putin are the latest signal that Russian citizens are unhappy…
IEA: OPEC’s spare production capacity reaches 3.3 million bpd
24.04.2019
78
IEA: OPEC’s spare production capacity reaches 3.3 million bpd
OPEC’s spare capacity has reached 3.3 million barrels per day, according to an International E…
Oil near 2019 highs after US ends all Iran sanction exemptions
23.04.2019
129
Oil near 2019 highs after US ends all Iran sanction exemptions
Oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers woul…
Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers
22.04.2019
123
Trump aims to drive Iran’s oil exports to zero by ending sanctions waivers
The Trump administration will sharply accelerate its goal of driving Iran’s oil exports to zer…
Permian oil now selling at a discount
21.04.2019
152
Permian oil now selling at a discount
Gulf Coast refiners are having trouble swallowing up all of the ultralight oil coming out of the Per…
Saudi, Russia oil cooperation “Here to Stay”
20.04.2019
164
Saudi, Russia oil cooperation “Here to Stay”
Russia and Saudi Arabia’s cooperation is set to continue, Ibrahim al-Muhanna, Saudi energy adv…
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