The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil.
Read More »Signs of Recovery for Schlumberger. Halliburton amid Earnings Pain
Oil services were hit hard by the steep sell-off in the oil market that started in 2014.
Read More »Rick Perry Plans to Leave the Trump Administration
Trump is said to have considered him as a contender to lead the Homeland Security and Veterans Affairs departments.
Read More »Saudi Aramco Tends to Boost Its Refining Network by 2030
Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.
Read More »Trump`s Plan to Preserve Benefits for Oil Drillers in Future
The Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms.
Read More »OPEC Wants Oil Producers to Prevent a Surplus This Year
Production from OPEC’s 14 members dropped by 221.000 bpd to 30.55 MMbpd in February.
Read More »Asia Remained Top U.S. Oil Buyer in 2018
China passed on U.S. crude for much of the second half of last year amid a series of tit-for-tat tariff measures.
Read More »125 Years of Wintershall
Wintershall is celebrating and commemorating its 125th birthday by publishing information and staging events in the anniversary year.
Read More »OPEC`s Oil Exports to U.S. Fell to Five-Year Low in January
Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.
Read More »Russia Starts Gradual Oil Output Cuts
Russia’s reductions are modest compared with the cuts from some of its partners.
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