Oil
Oil Investors are not only eyeing Big Profits Only
For years, the oil industry attracted investors with substantial - and regular - returns. Even as oil prices fell, Big Oil found ways to keep paying dividends even if it had to cut them, which only happened in extreme cases. Now it's becoming increasingly …
Shell increases its activities in China
Royal Dutch Shell (NYSE: RDS.A) + 3.4% pre-IPO following a Bloomberg report that it has acquired full control of one of its gas station joint ventures in China. Shell agreed to pay 1B yuan ($ 149M) for 51% of the Chongqing Doyen joint venture Shell Petroleum …
Has Petroteq Energy found a solution for cleaner oil?
With Joe Biden running well ahead of the incumbent in the race for the White House just days before what may be the most polarizing election in US history, which will go down in history as the most polarizing election, the country is undergoing far-reaching …
Petrobras is once again at the focus of Brazilian Police
The Brazilian federal police today executed seven search and seizure warrants to expand the corruption investigation during the Lava Jato operation to include alleged kickbacks in international gasoline and jet fuel contracts at Petrobras (PKR + 2.5%). …
International Monetary Fund sees Oil Prices going Up
Oil prices are not expected to soar sharply over the next year and stay in the $ 40- $ 50 per barrel range, putting additional pressure on Middle East oil exporters, the International Monetary Fund (IMF) said in its update on Monday regional economic outlook …
Nigeria is about to pay back 3bn USD to oil majors
Nigeria's government says it has refunded $ 3 billion to oil companies like Exxon Mobil (NYSE: XOM) and Royal Dutch Shell (RDS.A, RDS.B), getting closer to settling operating costs arrears since 2010. The payments will be made under a five-year crude oil sales …
Libya is restarting production on its largest oil field
Libya has taken an important step towards revitalizing its ailing oil industry with the reopening of its largest oil field and is giving OPEC + new headaches as the alliance of large producers tries to curb global supplies. National Oil Corp., Libya's …
The oil and gas industry is not going to recover anytime soon
With prices and demand falling and a global pandemic, as well as regulatory uncertainty and asset depreciation, improvements in the industry are unlikely until at least mid-2021, said Ben Brunnen, vice president of tax and economic policy for the Canadian …
Oil prices down on bad market outlooks
Oil prices fell Monday as rising coronavirus cases fueled demand concerns, with major crude oil benchmarks on the way to their first monthly decline since April. The price of Brent crude (LCOc1) fell 32 cents, or 0.7%, to $ 41.60 per barrel by 0915 GMT. U.S. …
China is importing less crude oil
China's crude oil imports tended to be much lower in September than they were in the past four months, while the rest of Asia also slowed imports significantly this month as demand remains under pressure, IHS Markit said on Friday. Crude oil unloaded in …