High compliance with OPEC output cuts so far LONDON, Feb 22 (Reuters) – It is still too early to say whether oil producers will extend their output reduction agreement when members of the Organization of the Petroleum Exporting Countries meet in May, Qatar’s energy minister said on Wednesday. The main focus of that meeting will […]
Too early to say whether OPEC output cuts to be extended: Qatar minister Read More »
India is the world’s third largest oil and gas consumer By Nidhi Verma NEW DELHI, Feb 22 (Reuters) – India plans to auction some oil exploration blocks by June and will allow bidders to carve out areas where they want to drill in order to attract greater interest, a government official told Reuters on Wednesday.
Oil-starved India to auction exploration rights by June Read More »
Rosneft reported $908 million net profit in 2016 Q4 By Olesya Astakhova MOSCOW, Feb 22 (Reuters) – Rosneft, Russia’s biggest oil producer, made a net profit of 52 billion roubles ($908 million) in the final three months of last year, it reported on Wednesday, down from 53 billion roubles in the same period of 2015.
Rosneft profits slip, other Russian oil and gas producers see gains Read More »
E-mails show close relationship between Scott Pruitt’s office and oil and gas industry: CMD WASHINGTON, Feb 22 (Reuters) – Emails released by the Oklahoma attorney general’s office show a cozy relationship between energy companies and Scott Pruitt, who was the state’s top prosecutor before being sworn in last week as the new chief U.S. environmental regulator,
Emails show ties between Scott Pruitt and energy firms: Watchdog Read More »
OPEC deal gives oil prices a floor By Devika Krishna Kumar NEW YORK, Feb 22 (Reuters) – Oil prices fell more than 1 per cent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signalled optimism over its deal with other producers to curb
Oil prices drop on worries of swelling U.S. stockpiles Read More »
Dakota Access Pipeline By Terray Sylvester CANNON BALL, N.D., Feb 22 (Reuters) – Protesters opposed to the Dakota Access pipeline braced for a showdown with authorities as some vowed to defy Wednesday’s deadline to abandon the camp they have occupied for months in a bid to halt the project. President Donald Trump has pushed for
Deadline nears for protesters to leave camp near Dakota Access Pipeline Read More »
ConocoPhillips makes revision due to low global crude prices By Nia Williams CALGARY, Alberta, Feb 21 (Reuters) – ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada’s vast hydrocarbon potential may be
ConocoPhillips revises down over 1 billion barrels of oilsands reserves Read More »
Chaparral Energy bankruptcy exit partially funded by asset sales By Jim Christie SAN FRANCISCO, Feb 21 (Reuters) – Chaparral Energy Inc aims to have its bankruptcy exit plan confirmed next month, which may require suing a co-owner of a carbon dioxide pipeline to advance the sale of the asset, the bankrupt oil and gas producer
Chaparral Energy aims to sell pipeline in push to exit bankruptcy Read More »
Papua New Guinea LNG sale sign demand weak MILAN, Feb 21 (Reuters) – Exxon Mobil’s Papua New Guinea LNG export facility is seeking to sell six cargoes in a tender, trade sources said. Cargoes are for delivery between May and October, traders said, adding that they expected the tender to attract high levels of interest. “It’s
Papua New Guinea LNG export plant seeks to sell 6 cargos in tender-trade Read More »
Iran to receive payment half in goods, half in cash BEIRUT, Feb 21 (Reuters) – Iran announced on Tuesday it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in goods and services, the Iranian Students’ News Agency (ISNA) reported.
Iran to sign oil contract to sell Russia 100,000 b/d – state TV Read More »
