Such a move is part of the company’s strategy to reduce reliance on oil and cut emissions.
Read More »US Forces Europe to Abandon Russian Gas
Russia plans to build the Nord Stream 2 natural gas pipeline under the Baltic Sea to Germany.
Read More »Sinopec Acquire Assets in South Africa
A final decision from the South African government is expected to be announced in March or April and Sinopec could still lose the dea.
Read More »PetroChina’s Biggest Refinery Increase Russian Pipeline Crude Oil
China’s crude oil imports from Russia rose by 11 percent on the year in November.
Read More »IEA: $65-70 Oil Could Cause Surge in U.S. Shale Production
The IEA warned that mostly due to U.S. shale. total supply growth could exceed demand growth.
Read More »Maduro Urges Latin American states to join cryptocurrency project
Venezuela. home to the largest oil reserves in the world. saw its crude output plummeting throughout the year as its national oil company struggled.
Read More »Shell`s Strengthen by Expansion in Electricity
Big Oil entering the heavily regulated European power market isn’t a natural fit today.
Read More »Lukoil Calls for Exit from Output Deal if Oil Holds at $70
Lukoil shares rose by 5 percent to 3.880 roubles. giving the company a market capitalization of $55 billion
Read More »Goldman: OPEC doesn`t Want Brent Tops $70
Brent at above $70 a barrel ``will trigger some increased discussion within OPEC.
Read More »Saudi Aramco Hires Former Shell Executive for Chemicals Business
Saudi Aramco is growing its investments in downstream including chemicals.
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