The US Department of State on Thursday issued a $5 million bounty for information on a Singaporean businessman who broke international sanctions by transporting fuel to North Korea. Kwek Kee Seng, director of the Singapore-based […]
How much does it matter whether oil is priced in dollars? What are the alternatives, and how vulnerable is dollar pricing? Who would suffer — or gain — most if dollars ceased to be the […]
The United States and its Western allies have agreed that a cargo of Russian oil will only be subject to the price cap mechanism at the first sale of the oil to a buyer on […]
WASHINGTON, Nov 4 (Reuters) – The price cap on Russian oil exports to be imposed by G7 countries and Australia next month will apply only to seaborne cargoes through the first landed sale and will […]
HOUSTON, Oct 31 (Reuters) – U.S. oil output climbed to nearly 12 million barrels per day (bpd) in August, government figures showed on Monday, the highest since the onset of the COVID-19 pandemic, even as […]
Saudi Aramco’s total hydrocarbon output reached 14.4 million b/d of oil equivalent in the third quarter of 2022, as Saudi Arabia, the world’s largest oil exporting country brought on more supply to the oil markets […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
With the global economy in crisis, more oil and gas production is needed, a top US envoy said Oct. 31, sharing a stage with Saudi and UAE energy ministers, who defended the recent decision by […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped […]
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