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Wednesday, 06 February 2019 04:12

Oil Slips Below $62 as U.S. Inventories Rise

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive. File Image: CREDIT AdobeStock…
Wednesday, 06 February 2019 00:29

Paz Oil Plans 700 MW, $700m power plant

Israel's Paz Oil Co said on Wednesday its board has authorized management to move forward with a plan to build…
Tuesday, 05 February 2019 04:05

Oil Falls on U.S. Factory Data

Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down…
Monday, 04 February 2019 11:36

Tankers with Venezuelan Oil Collect off US

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding…
Sunday, 03 February 2019 23:28

PetroRio Wants Petrobras' Frade Stake

Brazilian independent oil firm PetroRio SA, which already owns 70 percent of the Frade oil field, has approached Petrobras about…
Global deepwater oil production was expected to grow 700,000 barrels  per day (b/d) this year to hit a record high…
Friday, 01 February 2019 09:02

US Shale Lifts Exxon, Chevron Profits

Exxon Mobil Corp and Chevron Corp, two of the world's largest oil producers, on Friday posted improved quarterly earnings that…
Storms, snow and freezing temperatures in Russia's northwest to the south have delayed some oil product exports but the fall…
Thursday, 31 January 2019 05:11

Sunoco Pipeline to Pay $5.4 mln for Oil Spills

Pipeline operator Sunoco Pipeline LP has agreed to pay roughly $5.4 million to settle claims over crude oil spills from…
Croatia on Wednesday approved a tender for oil and gas exploration in mountainous areas of the country's central and southern…