Ukrainian state-owned gas company Naftogaz has held talks with Exxon Mobil Corp, Halliburton and Chevron about projects in Ukraine as the country looks to lure back foreign investment…
OIL Feed Atom
Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as…
Oil prices were on track for a weekly loss, despite a rise on Friday on strong economic data in the euro zone and Britain, as economic and…
A tanker company has lost its P&I insurance from the American Club because it intends to ship Russian crude above the G7 price cap.
Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo…
Oil prices continued to trend lower in morning trade in Asia, with WTI heading toward $78 and Brent moving closer to $82.
Despite the…
The poster of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Technological Production, Optimal Consumption” was unveiled on Wednesday.
U.S. crude oil and distillate inventories fell last week while gasoline inventories rose unexpectedly, the Energy Information Administration said on Wednesday.
Crude inventories (USOILC=ECI) fell by…
Oil prices dropped sharply on Wednesday, sliding by 2% as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic…
OPEC and the International Energy Agency (IEA) do not see eye to eye when it comes to the latest cuts in oil output by OPEC+ producers.
India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel,…
The length of oil and gas wells pipelines as well as the pipeline construction operation increased in the past Iranian calendar year 1401 (ended on March 20),…
Oil prices firmed slightly on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude importer China underpinned the demand…
Oil industry heavyweights claim that the sector continues to see structural underinvestment.
Predicting how an industry will look 20 or more years from now…
Investors finished covering their short positions in petroleum last week, after Saudi Arabia and its allies in OPEC⁺ surprised traders by announcing an unexpected cut in their…
Russia’s oil production is forecast to remain stable until 2025, its Deputy Energy Minister Pavel Sorokin said, while Moscow plans reserves in order to make its supplies…
Oil prices turned lower on Monday as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes,…
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices…
China’s crude oil imports in March surged 22.5% from a year earlier to the highest since June 2020, data showed on Thursday, as refiners stepped up runs…
Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer.
Brent…