A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.
Read More »Battle for Aramco IPO Heats up as Bourses vie for Supremacy
Aramco’s first attempt at a listing attracted a flurry of pitches from top global exchanges from New York to Tokyo seeking to host the listing.
Read More »India`s Crude Oil Production Declines 4.4% in July 2019
ONGC'.s offshore output fell 4.5% to 1.22 million tonnes. while onshore production slipped 0.1% to 0.51 million tonnes.
Read More »Australia will Join U.S.-Led Defense Effort in Strait of Hormuz
Australia is a staunch ally of the United States. which in recent months has called on its partners to do more to defend global security.
Read More »U.S. Sanctions Drive Russia to Boost Oil Exports
U.S. sanctions are definitely changing production and price patterns in heavy crude and so is U.S. production.
Read More »SINOPEC Launches First Sustainability Report in Saudi Arabia
It is the first sustainability report issued by a Chinese company in the Kingdom.
Read More »China’s CNPC Backs out of Venezuela Oil Deal in Wake of Ramped up US Sanctions
China has imported 339.000 barrels a day of Venezuelan oil this year.
Read More »India Strengthens Energy Tie-up with Gulf Region
The new arrangement will compensate for the stoppages of RIL’s purchases of Iranian and Venezuelan crude following US sanctions on both countries.
Read More »US Crude Supply Expands amid Import Surge. Refinery Slowdown
US gasoline stocks fell 1.41 million barrels last week to 233.76 million barrels.
Read More »Exxon Mobil Considers an Exit from UK North Sea after 50-Year Presence
Exxon produces around 80.000 barrels of oil and 441 million cubic feet of gas a day in the British North Sea.
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