NEW DELHI: The share of Middle Eastern crude in India‘s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners tapped alternatives in response to the government’s call […]
MOSCOW: Russian oil prices from the Volga river region for domestic market supply in July have reached a record high, rising by around 11% from the previous month thanks to stronger oil prices on global markets, Reuters […]
New Delhi: Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the […]
Energy News Beat Publishers Note (ENB): We talked about this on our international podcast addition released yesterday. (Reuters) – Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff […]
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits. Global oil consumption will continue to […]
The S&P 500 is the most-watched index of large-cap US stocks. The S&P 500 experienced a strong week, with a 2.3% gain. If you want to analyze the performance of the market, you should drill […]
Baghdad: Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise production, according to a statement by the Ministry of Oil. The state-run Basra Oil […]
The U.S. oil market is reaching a crunch point. Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global oil consumption. But despite a […]
By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle […]
The world’s largest oil companies are set to report next month another set of strong quarterly earnings amid significantly higher oil prices and global oil demand in the second quarter compared to the same period […]
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