Oil and Gas
Ecuador breaks OPEC unity, announces rise in oil output to raise revenue
Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it…
Exxon, Chevron downgraded at Wolfe on weak outlook for crude
Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates.…
Nigeria state oil company says its refineries now produce 60% of domestic kerosene
The Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supply…
Oil skeptics let a little sunshine in
Oil skeptics are letting a little sunshine in. After the worst June for oil in six years, hedge-fund bets on…
U.S. drilling costs rise as active rig count climbs
U.S. oil and gas exploration and production companies are paying more to hire drilling rigs as the number of idle…
Tide turns for sulphur-rich oil in a sea of light crude
The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are…
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