OPEC+ could delay December's planned increase to oil production by a month or more, four sources close to the matter told Reuters on Wednesday, citing concern about soft oil demand and rising supply.
Chinese refiners are expected to reduce fuel output for the rest of the year and maintain lower run rates in the first ...
Mobil’s gas-to-liquids plant in New Zealand and Exxon’s Old ... In the early 1980s, even as demand for OPEC oil plummeted 50% in five years, the expert consensus was that they would shortly ...
With US crude production rising, sanctions policies diverging between candidates, and Middle East security in question, the ...
Interestingly, Saudi Arabia is the only member of the Organization of the Petroleum Exporting Countries (OPEC ... Global crude oil production (including lease and plant condensate) is expected ...
Opec has cut its oil demand forecast for the last three months in a row. This is becoming a ritual. Not even the most ...
It is the biggest and oldest oil company in the country, operating 3,173 kilometres of pipelines and flow lines that cross a vast swath of the Niger Delta, connecting 263 producing oil wells, 56 ...
Oil futures declined on Tuesday, giving up earlier support a day after suffering their largest daily percentage decline in ...
OPEC's grip weakened, its share of the oil on the world market falling from ... says of Shell's four-billion-U.S.-dollar mine and plant, which opened last year. "It has a big footprint too ...
The drone attacks on the Saudi Arabian oil plants in September serve as a good ... are pumping out oil now. Opec, the cartel of mainly middle eastern countries which used to control much of ...
With new energy, we have high demand, high prices and high investment in renewable/green energy—even government incentives ...
In an interview on October 3 with CNBC, Andy Critchlow, who serves as the head of news for the EMEA region at S&P Global ...