Oil

Oil & Gas Trade

Oil Poised Near Three-Month Highs on U.S.-China Trade Hopes

Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trad…

Exxon and Chevron Targeted by Climate-Activist Shareholder Group

The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe to take action on climate change has set its sights on t…

Oil Price

Oil Prices Fall But Hold Near 3-month High on Trade Deal Agreement

Brent crude oil futures fell 23 cents, or 0.4 per cent to $64.99 a barrel by 0101 GMT, after closing at a near three-month high on Friday.

Solar Company

Shell Snaps up Esco Pacific in Major Push into Big Solar in Australia

Oil giant Royal Dutch Shell has snapped up a near half share in one of the biggest solar developers in Australia as part of a major push to expand its large-sca…

Oil and Gas Technology

South Korean Biochem Company Starts Biodiesel-Petrol Mix Production

SK Chemicals, South Korea's top biofuel producer, has begun research to mix its biodiesel with petroleum-based fuels to produce low-sulfur marine oil that will …

Oil & Gas Trade

Oil Market’s Big Data Show OPEC+ Cuts Fall Short

The three big oil forecasting agencies all see OPEC producers needing to comply fully with output cuts they agreed in Vienna last week if they are to avoid big …

DNO Makes Minor Oil and Gas Discovery off Norway

Oil and gas company DNO is in the process of concluding the drilling of a wildcat well near the Heidrun field in the Norwegian Sea after finding a minor oil and…

Oil & Gas Trade

Aramco Floats to Become the World’s Most Valuable Company

Saudi Arabia’s state-owned oil company, Saudi Aramco, officially became the world’s most valuable company yesterday, after its floating on Riyadh’s stock exc…

Oil & Gas Trade

OPEC+ Oil Supply Cuts Won’t Prevent Surplus in 2020

Global oil markets still face a surplus next year even if OPEC and its partners deliver newly-announced production cuts in full, the International Energy Agency…

Diversify Power Sources to Avoid a Repeat of Blackouts

If states want to avoid costly electricity failures such as the blackouts that roiled California recently, they can improve their odds by diversifying power sou…

Crude

Saudi Aramco Replaces Apple as World’s Largest Listed Company

Saudi Arabia’s oil company Aramco gained 10 per cent in its first moments on the stock market on Wednesday in a dramatic debut that held until closing and push…

Canadian Oilsands Firm Denied Its Own Science On Climate Change

While Imperial Oil was calling the link between fossil fuels and global warming an ‘unproven hypothesis,’ internal reports had confirmed the connection.

Oil & Gas Trade

Saudi Aramco Oil Firm Starts Trading after Record £19.5bn IPO

Saudi Arabia’s oil company Aramco has started trading on the Saudi Tadawul stock exchange for the first time after a 25.6 billion dollar (£19.5 billion) initi…

Oil Price

Oil Surges as Saudis Surprise with Pledge of Additional Cuts

Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with f…

Oil Price

Oil Prices Up with Positive US, China Trade Talks

Crude oil prices were up early Tuesday supported by a top U.S. official's comments on positive trade talks between the U.S. and China on Monday.The trade talks …