A breakthrough initiative in climate change
The OGCI has pledged to reduce carbon intensity to between 20 kgs...
Oil and Gas
Major European oil majors are not fully aligned with UN climate goals: Reports
BP is the least aligned European oil major towards the UN-backed targets...
Saudi Aramco, Sumitomo Chemical lend $2bn loan to bolster JV’s working capital
Sumitomo Chemical will provide 37.5 percent of the loan...
Iran’s oil exports continue to thrive despite US sanctions
Iran exported more crude oil than expected in August...
Saudi Aramco to accept fresh LPG cargoes
Opec nations and its partners pumped more crude oil in August...
Global refiners plan to reduce oil production in spring
China, the second-largest fuel consumer has been walloped the most by the...
OPEC+ nations seek rebound in crude oil supply after production cuts
Brent crude recorded a loss of 10 percent in the past two...
Petrobras restarts oil trade with Vitol and others after two years
The company will spend $40 bn between 2021 and 2025 on capital...
Abu Dhabi National Oil Company carries out placement to institutional investors
The placement will boost ADNOC Distribution’s free float to 20 percent...
Tanzania, Uganda to construct new East African crude oil pipeline
The cost requirement for the commercial production of the 1,445-km long pipeline...