NEW DELHI, July 18 (Reuters) – Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the […]
After an armed takeover of Libya’s National Oil Company (NOC) on Thursday, newly appointed chairman Farhat Bengdara has told media that he is in full control and that force majeure could be lifted on Libya’s oil exports […]
(Bloomberg) — Libya’s government, National Oil Corp. and protesters have reached an agreement to reopen oil fields and export terminals, officials said. The agreement will be announced later on Friday, the officials said, asking not […]
Last May, the Saudi minister of energy warned that “the world is running out of energy capacity at all levels.” More recently, in a chat with U.S. President Joe Biden, French President Emmanuel Macron reportedly […]
After suspending leases on new oil and gas exploration at the beginning of the year, a new plan by President Biden may now allow for new drilling in the Gulf of Mexico. Oil majors across […]
(Bloomberg) — President Joe Biden will leave the Middle East this week with no announcements on increasing oil supply before a scheduled meeting of producers next month, people familiar with the matter said. Biden, who […]
The US and EU could waive their ban on shipping insurance and financial services for Russia if key global oil importers back proposals for an international cap on Russian oil prices in response to the […]
Crude oil futures were higher in mid-morning Asian trade July 15, shrugging off rangebound trading over the past two sessions, as investors weighed conflicting signals of deteriorating macroeconomic fundamentals and a still tight oil market. […]
Big Oil majors in the United States have found themselves the target of much pressure to boost production lately, as prices go wild amid a tight—and tightening—market. At the same time, the U.S. government, as […]
The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark edged tighter on Thursday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $21.60 a […]
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