For US Gulf Coast crude oil market, choppy waters before the flood
With this week's launch of a long-awaited new oil pipeline from the US Midwest to the Gulf Coast, traders are on high alert for a flood of crude they expect…
Crude reality: price crash means oil firms must slash spending
Confronted with a dizzying drop in prices, oil firms face a real challenge as they try to cut investment spending in order to survive a coronavirus-induced collapse in demand coupled…
Clean crude? Oil firms use offsets to claim green barrels
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral. While the two-million-barrel…
Asia oil thirst tab $1 trillion a year as crude rises to $80
Oil prices are poised to break through $80 per barrel and Asia's demand is at a record, pushing the cost of the region's thirst for crude to $1 trillion this…
Oil majors strike it rich on rising crude prices
The world's leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to…
Gushing profits for oil majors on crude price
The world's top energy companies booked enormous profits last year thanks to higher oil prices and keeping a tight lid on spending, even if that risked limiting their medium-term production…
Oil bulls’ hope for quick price dip dimmed by 2020 crude under $70
As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early…
US oil tanks barely one-third full beckon crude contango play
The US oil storage trade is back - and may be bigger than ever. Six years ago, the financial crisis led to a sudden surplus of oil and a collapse…
Oil price hike
Petroleum prices have been increased; petrol is costing Rs 305.34 per Liter and diesel Rs 311.84. It is an increase of 5.17 percent in the price of petrol and 6.48…
Eni, Repsol to upgrade oil-for-debt deal with Venezuela
European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under US approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries…
