Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
OIL prices settled lower on Friday (Jul 5) as the rising possibility of a ceasefire deal in Gaza outweighed strong ...
Tag: Oil
Rosneft, Lukoil to cut oil exports from Black Sea’s Novo: sources
RUSSIA’S oil producers Rosneft and Lukoil will sharply cut oil exports from the Black Sea port of Novorossiisk in July, ...
China asks state companies to add 60 million barrels of oil to reserves
CHINA has asked its state oil companies to add 8 million tonnes, or nearly 60 million barrels, of crude oil ...
Cash-rich energy traders are snapping up refineries from Big Oil
COMMODITIES traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of ...
Oil prices up 2% to two-month high on summer demand hopes, supply worries
OIL prices gained about 2 per cent to a two-month high on Monday (Jul 1) on hopes of rising demand ...
China sets up new state body to drill deep for oil and gas reserves
This is in answer to President Xi Jinping’s call for the sector to have “new productive forces” that will contribute ...
Malaysia’s Sabah state to develop oil, gas facilities with Gibson Shipbrokers
LONDON-BASED Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil ...
The list of money managers axeing oil stocks just got longer
THERE’S a growing list of institutional investors in Europe that are stripping oil and gas stocks out of their portfolios, ...
Billionaire Carlos Slim ramps up oil bets amid buying spree
Carlos Slim, Latin America’s wealthiest man, is boosting oil and gas bets through stakes he holds in US energy firms ...
After oil, Russia may now be building a shadow fleet for gas
IN THE months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow ...
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