Oil

Oil Price

Hike in Petrol, Diesel Rates after Global Oil Price Jump

Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…

Crude Oil

Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery

Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.

Crude Oil

PetroChina's Overseas Oil and Gas Equity Production Exceeded 100 million tons

This is another 100 million tons after the overseas oil and gas equity production equivalent exceeded the 100 million tons mark for the first time in 2019.

Biofuel

Trump Administration Expected to Grant Biofuel Waivers for Some Oil Refiners

USA-BIOFUELS-Exclusive: Trump administration expected to grant biofuel waivers for some oil refiners - sources

Oil&Gas Drilling

Paradigm Drilling Services and Toolserv form Strategic Alliance

Paradigm Drilling Services, part of the Paradigm Group headquartered in Groot-Ammers, Holland, have announced their strategic alliance with Stavanger-based oil …

Crude Oil

Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d

The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…

Crude Oil

Almost Half of South Africa’s Oil Refining Seen Shut Until 2022

South African plants owned by Glencore and Petroliam Nasional that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2…

Oil & Gas Trade

Iran: Foreign Oil Firms Must Accept New Terms To Work In Country

Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …

Net Zero Emission

Top Global Oil Exporter Saudi Arabia Launches Car-Free, Zero Carbon Emissions City

Prince Mohammed bin Salman said in televised remarks that the city, which will be capable of housing one million residents, would comprise "carbon-positive urba…

Crude Oil

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021

U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses

Market Analysis

Wood Mackenzie reveals energy sector’s top ten trends in 2021

Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.

Oil & Gas Trade

China Trade War on Itself Sends LNG Prices Mad

Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…

Oil Price

How Will Biden’s Presidency Impact South America’s Oil Boom?

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive…

Crude Oil

Floating Oil Storage Shrinks Amid Robust Asian Demand

Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…

Crude Oil

Petrobras Sets Oil Production Record in 2020

Robust Chinese demand for pre-salt crude buoyed Brazil' state-controlled Petobras in 2020, helping spur record output of 2.28mn b/d of oil.