Canada's Inflation Jumps 2.4% On Higher Gasoline Prices
Canada's consumer prices jumped by 2.4 percent year on year in January, exceeding analyst expectations, on the back of an 11-percent surge in gasoline prices tracking higher oil prices?
Larger Than Expected Crude Build Threatens This Week's Oil Rally
The American Petroleum Institute (API) estimated on Wednesday a larger than anticipated crude oil inventory build of 4.16-million barrels for the week ending February 14, compared to analyst expectations of?
Trafigura To Shun Rosneft Trading Due To New Round Of Sanctions
Just one day after the United States slapped sanctions on Rosneft's subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May?
Guyana Reports 35,600 Bpd In Oil Production For December
Guyana produced 35,607 barrels of oil daily in December, the country's Finance Ministry said, as quoted by Reuters, which added the government's royalty on that production would be 2?
China Could Grant Tariff Exemptions On U.S. Oil And LNG
China has opened for applications for tariff exemptions on a number of U.S. products and commodities including crude oil and liquefied natural gas, Reuters reported today. Tariffs were blamed?
Kuwait Looks To Nationalize All Senior Oil Jobs By 2021
OPEC producer Kuwait aims to have 100 percent of the executive, technical, and supervisory jobs in its oil sector held by Kuwaiti nationals by early 2021, Middle East Monitor
IMF Slashes Nigeria GDP Outlook On Coronavirus Impact
The International Monetary Fund cut Nigeria's economic growth outlook, citing the effect that the Chinese coronavirus outbreak has had on global oil demand. The revision follows a?
Italy's Eni has announced a new oil discovery offshore Mexico, in the Sureste Basin, saying it could contain between 200 and 300 million barrels of crude. Eni is the?
Israel Stops Issuing New Licenses For Oil Shale Exploration
Israel's energy and environment ministries have agreed that the minister of energy will not grant new licenses to companies to explore for and mine oil shale in the country, due?
Dutch Court Orders Russia To Pay $50B To Ex-Yukos Shareholders
Russia lost an appeal in the case versus the former shareholders of Yukos, the Hague Court of Appeal said on Tuesday, overturning a lower court's verdict and reinstating an?
