Oil & Gas News

Trump to ease offshore drilling rules imposed after Deepwater Horizon disaster
02.05.2019
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Trump to ease offshore drilling rules imposed after Deepwater Horizon disaster
The U.S. Department of the Interior plans to announce on Thursday the final draft of proposals to ro…
19 historical oil disruptions, and how no.20 will shock markets
01.05.2019
285
19 historical oil disruptions, and how no.20 will shock markets
Albert Einstein once wrote that “the definition of insanity is doing the same thing over and o…
Overly bullish hedge funds set the stage for oil price drop
01.05.2019
173
Overly bullish hedge funds set the stage for oil price drop
For more than ten weeks, portfolio managers have been consistently amassing bullish bets in the most…
A new mega cartel is emerging in oil markets
30.04.2019
221
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
148
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
139
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
255
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
160
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
633
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
294
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
92
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
139
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…
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