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More Pain May Come for Nigeria's Loss-making Oil Behemoth (Thursday, 17 May 2018)

It’s meant to be a money cow, however the state oil firm of Africa’s greatest producer is bleeding cash.Nigerian National Petroleum Corp., the Abuja-based...

Trump's Revenge: U.S. Oil Floods Europe, Hurting OPEC and Russia (Monday, 14 May 2018)

As OPEC’s efforts to steadiness the oil market bear fruit, U.S. producers are reaping the advantages - and flooding Europe with a document quantity...

Physical Oil Prices Seen Catching Up With Surging Futures Market (Thursday, 10 May 2018)

The finish of a number of the weakest bodily crude costs in years could possibly be in sight.While oil futures costs are at their...

Qatar Steps in to Buy Rosneft Stake as China Deal Collapses (Tuesday, 8 May...

Qatar emerged as a serious shareholder in Rosneft PJSC on Friday after a $9-billion deal to promote a stake in Russia’s state-run oil producer...

Conoco Aims to Seize PDVSA Oil Inventories (Tuesday, 8 May 2018)

ConocoPhillips is attempting to grab PDVSA’s oil belongings on the 335,000-barrel-per-day (bpd) Isla refinery in Curacao, which might broaden its management over the...

JANUARY 1862: ELISABETH WATTS EXPORTS FIRST OIL

The first oil export of US crude oil utilizing the Elisabeth Watts cargo ship got here quickly after Edwin L. Drake drilled the primary...

Reeling from Job Cuts, Mexican Oil Country Pins Hopes on a Rebel (Friday, 4...

In the wetlands of Tabasco in southeast Mexico, indigenous farmers stand guard outdoors oil wells. They haven't any official standing -– however anybody who...

MARATHON AND ANDEAVOR CREATE LEADING US REFINING COMPANY

Marathon Petroleum (MPC) and Andeavor have entered right into a definitive merger settlement beneath which MPC will purchase all of excellent shares, representing a...

Final Warning Letters Issued Over Gas Plant Smoke (Thursday, 19 April 2018)

Shell and ExxonMobil have been served with closing warning letters after residents complained of unplanned "flaring" at a fuel plant in Fife.Maintenance failures triggered...

Alberta Plan to Cut Oil Shipments Would Ripple Across West Coast (Wednesday, 18 April...

Alberta’s plan to chop crude and gasoline shipments to British Columbia may ripple throughout the complete west coast of North America, inflicting pump costs...
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