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Cost could only be reduced by cost cutting or using more efficient technology.
Read More »GE Targets to Reduce Cost of Oil Production with Baker Hughes Merger
China Banks. Oil Giants at Risk from Donald Trump`s Sanction Threat over North Korea
natural gas. which the Trump administration has encouraged. China called Mr Trump'.s threat ".unacceptable". and said on Monday it is ready to participate in any Security Council discussions.
Read More »Moscow Says Schlumberger Russian Oil Services Deal Held Up by U.S Sanctions
In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.
Read More »European Refiners Set to Benefit from Gulf Coast Chaos
The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.
Read More »Is Trump Trying to Use the IAEA to Kill the Iran Deal?
There is a broad consensus among US allies in Europe that the nuclear deal should be maintained.
Read More »Exxon Restarting Second-Largest U.S. Refinery
The company said it began initial restart of the 560.500 barrel per day (bpd) Baytown refinery on Friday night.
Read More »US Reputation at Risk Under Trump
According to some US media reports. Trump and his team are trying to put together some documents to show that Iran is not complying with the agreement.
Read More »Harvey`s Global Impact Signals Growing U.S. Clout in Oil Markets
Harvey’s full impact will only be known once refiners assess the damage to their flooded plants.
Read More »US Wants to Prevent Flow of Iranian Oil on Market
The US is trying to prevent a flux of Iranian oil on the market.
Read More »Washington Ready to Block Potential Russian Takeover of U.S. Oil Firm
The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela.
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