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Reuters
OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data
OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…
Oil Price
Oil Rises as Russia-West Stand-off Alarms Tight Market
LONDON/HOUSTON (Reuters) -Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil pr…
Net Zero Emission
HSBC Targets 34% Cut to Emissions from Oil and Gas Clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the …
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
Oil Exploration
Chinese Oil Major Sinopec Announces Oil, Gas Discovery
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the rese…
Electric Vehicle Battery
Samsung SDI Considering Setting up EV Battery Plant in Illinois: Reuters
Samsung SDI is considering building an electric vehicle battery plant in Normal, central Illinois.
Oil Shale
Exxon Continues To Shed Shale Assets
ExxonMobil has started marketing gas assets in the Fayetteville Shale in Arkansas, the US supermajor’s spokeswoman Julie King told Reuters on Wednesday.
Electric Car
Apple in Talks with CATL and BYD over Batteries for Apple Car
Apple is in talks with China’s CATL and BYD about the supply of batteries for its self-driving electric vehicle scheduled to come out around 2024, Reuters repo…
Electric Vehicle Battery
Shenzhen-listed Eve Energy Denies Deal to Provide Tesla Batteries
Chinese lithium battery manufacturer Eve Energy Co on Sunday denied a Reuters report claiming it's in talks with Tesla about a lithium iron phosphate battery su…
Oil & Gas Trade
Iran: Oil Exports Hit 500,000 Barrels per day
According to a Reuters statement that reveals predictions from tanker tracking firms that Iran’s crude oil exports since the beginning of the month have hit ab…
Oil Price
Price Dispute Shrinks Russia Oil Pipeline Exports
Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing wit…
Crude Oil
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…
Oil&Gas Drilling
UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact
State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Crude Oil
Azerbaijan Imposes Oil Cuts on BP-Led Fields
Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…
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