Prices of Abu Dhabi's popular flagship crude grade, Murban, have dropped over the past week as refiners prefer grades yielding more low-sulfur marine fuels and as supertanker?
Brazil's Senate is against the privatization of Brazilian state-controlled utility giant Eletrobras in the current form proposed by the government, Senate President Davi Alcolumbre said on Friday. The privatization?
Canadian Refiner Abandons Climate Goals To Stay Competitive
The largest refinery in Canada, Irving Oil's 320,000-barrels-per-day Saint John Refinery in New Brunswick on the East Coast, has scrapped its specific carbon emissions reduction target for next year, adopting?
Sweden Looks To Ban Sale Of Fossil Fuel-Powered Cars By 2030
Sweden is getting serious about banning the sale of new gasoline and diesel powered cars by 2030 as the government commissioned an inquiry on Friday into how the Scandinavian?
Oil Freight Rates From US Gulf Coast Hit New Record As Demand Booms
Oil freight rates from the US Gulf Coast for Aframax crude tankers hit a new record this week, according to shipbrokers cited by Reuters, as demand increases for US crude?
Russia And Ukraine Finally Agree On New Gas Transit Deal
Russia and Ukraine reached on Thursday an agreement ?in principle' on the transit of Russian gas through Ukraine and onto Europe, European Commission Vice President Maros Sefcovic said at?
Shell Braces For A $2.3 Billion Impairment Charge In Q4
Shell expects to book an after-tax impairment charge of between $1.7 and $2.3 billion for the fourth quarter of 2019 along with well write-offs of between $100-200 million, the company?
Chevron Strike Could Slash Nigeria Oil Production By 350,000 Bpd
A strike of workers at the Nigerian unit of Chevron could threaten 350,000 bpd in oil production: Chevron's share in the country's total output. Nigerian media report?
The Formula E motor racing championship with all-electric cars will not be able to match the performance of the Formula 1 cars with V6 hybrid turbo power engines for decades,?
Shares in Saudi Aramco dipped 3.27 percent on Thursday as the oil giant was hit by profit-taking, ending the trading week in Saudi Arabia among the top losers today,?
