Gas

Oil & Gas Trade

Saudi Arabia and Russia Signal Readiness to Cooperate on Oil

Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to disc…

Market Analysis

IEA: This Oil Shock Is The Worst In History

The world has seen some oil shocks before, but “none has hit the industry with quite the ferocity we are witnessing today,” the IEA said on Wednesday in an ar…

Electric Car

Why EVs are Greener than Gasoline And Diesel Powered Vehicles

While electric vehicles are often touted as the climate-friendly green alternative to standard combustion engines, there are some people that question whether t…

Oil Price

Coronavirus: Oil Prices Rise on Hopes of a Price War Truce

Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war.

Crude Oil

BP Reduces Investment Plan by 25% in 2020 to US$12bn

BP has cut its 2020 spending plan by a quarter, from US$15bn to US$12bn, including a US$1bn reduction investment in short-cycle onshore activity.

Oil & Gas Trade

Showing Honest Solidarity and Working Remotely ElektroMotion Series Being Supportive Technology

Recently industrial activity has been substantially reduced and labor forces worldwide have been affected heavily.

Oil Shale

U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash

Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil pric…

Oil Price

Iraq's Oil Income Falls by 40 Per Cent in March

Iraqs crude oil income fell by 40 per cent last month.

Crude Oil

Trump Says world’s Biggest Oil Producers to Meet on Market Crash

President Donald Trump said the US would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.

Greenhouse Gas Emissions

Russia Drafts Strategy for Low-Carbon Development

Russia's Ministry for Economic Development last week published a draft strategy for low-carbon development to 2050.

Oil & Gas Trade

India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia

Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, includi…

Backup Sever and Intergration

Tenders are invited for Supply and Installation of Backup Sever and Intergration With Existing Scada System - Gas Pipeline

Crude Oil

How Russia Is Shedding Its Venezuelan Assets

Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a ne…

Oil Shale

The U.S. Can’t Afford To Let Shale Fail

They have seen their market shares erode as the shale boom made the U.S. the world’s largest producer of crude oil.

Oil Price

The U.S. is About to Lose its Place as the World's Largest Oil Producer

The United States may lose its top spot among oil producers globally this year, according to economists.