Tag Archives: Reuters International News Agency

Brent crude oil prices were expected to remain broadly unchanged in 2018 as U.S. shale production is able to expand at these levels. effectively capping prices.

The US sanctions against Venezuelan President Nicolas Maduro is an attempt to oust the ".unpleasant". for Washington leader.

Shell declined to reveal the amount invested by Shell Technology Ventures. the company'.s corporate venturing arm.

Venezuela is a key source of heavy sour crude supplies for U.S. refiners.

Shell shut down most of the units at the 404.000 barrel per day (bpd) Pernis oil refinery in the Netherlands following a power outage caused by a fire on the evening of July 29.

The Azar field is a joint and complex field which is currently producing 30.000 barrels of oil per day. It is set to be expanded through new oil deals by an Iranian company.

The deal is likely to test further Russia-U.S. chilly ties.

The U.S. Treasury Department will issue a sanctions announcement later on Wednesday.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.

The company is following closely emerging security needs in the Gulf area. including in the oil and gas industry.