In some ways China’s independent refiners have become the single most important driver of overall global crude demand growth.
Read More »Shell Gave Green Light for UK North Sea Project
Production in the UK North Sea has steadily declined since the late 1990s.
Read More »Deal for First EV Pilot Signed in Saudi Arabia
Such a move is part of the company’s strategy to reduce reliance on oil and cut emissions.
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 »26 Companies Allowed to Bid for Oil. Gas Blocks in Iraq Border Areas
The bidding terms will be finalised by the end of May and the ceremony to open the bids will be held on June 21.
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.
Read More »Iranian Oil Tanker in East China Sea could Burn for a Month
The Sanchi was carrying 136.000 tonnes of condensate.
Read More »OPEC won`t React to Small. Short-Lived Oil Supply Disruptions
Saudi Arabia. OPEC’s de-facto leader. wants to see oil prices above $60 a barrel.
Read More »Iraq Wants Kurdish Firm Kar Group to Halt Operation of Kirkuk Oilfields
Kirkuk crude sales have been halted since Iraqi forces took back control of the fields in October.
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