Oil & Gas News

India topped its strategic petroleum reserves with $19 a barrel oil
22.09.2020
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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…
Norway’s oil fund is buying bitcoin
22.09.2020
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Norway’s oil fund is buying bitcoin
Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in Micr…
CNOOC begins production at new oilfield in South China sea
22.09.2020
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CNOOC begins production at new oilfield in South China sea
China National Offshore Oil Corporation (CNOOC) said on Sunday it had started oil production from th…
U.S. wants bankrupt offshore drillers to pick up the tab for abandoned wells
21.09.2020
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U.S. wants bankrupt offshore drillers to pick up the tab for abandoned wells
The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to a…
Pompeo promotes U.S. companies to new oil nations Guyana, Suriname
19.09.2020
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Pompeo promotes U.S. companies to new oil nations Guyana, Suriname
U.S. Secretary of State Mike Pompeo carried out a promotional campaign for U.S. private companies in…
Germany Offered U.S. $1.2B to save Nord Stream 2
18.09.2020
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Germany Offered U.S. $1.2B to save Nord Stream 2
Germany tried to dissuade the United States from following through on its threat to impose additiona…
Saxo Bank: oil unlikely to return above $50 by year-end
17.09.2020
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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
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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
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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
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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
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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
903
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…
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