Oil and Gas
Shell set to exit Iraqi oil field after unfavourable changes to fiscal terms
Royal Dutch Shell is set to end a century of oil production in Iraq by withdrawing from two of the…
Nigeria state oil firm moves to revamp refineries, inaugurates 8 committees ahead 2019 target
In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation (NNPC) has inaugurated…
Surging gasoline prices lift U.S. producer inflation in August
U.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs…
Oil rises as IEA sees fastest demand growth in two years
Oil rose as the International Energy Agency forecast the strongest demand growth in two years, while OPEC was said to…
ExxonMobil slashes LNG price to India in bad omen for producers
India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in…
Global oil inventories still too high, Venezuela oil minister says
Eulogio Del Pino, Venezuelan oil minister said Friday that global oil inventories remain too high and called on OPEC and other…
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