Tag archives for Oil
Global Energy Trader Vitol Posts 8% Oil Volume Surge
Global energy trader Vitol stated Friday its 2019 revenues have been $225 billion and its traded oil and refined products volume soared by 8%. CEO Russell Hardy stated last year’s…
Tacoma Agrees to Oil Over Power Settlement
The town of Tacoma can pay Oil and Refining Co. $2 million to settle all damages induced throughout an influence outage that shut down the corporate operations in 2016. The…
Mexico’s Budget Assumes Oil Production Rise Not Seen in 1982
Mexico’s balanced budget for next year depends partially on its oil firm boosting production by around 17%, something that the country hasn’t achieved in nearly four decades. Pemex, as the…
Iran’s Step Back & Return To Negotiations
Oil extended losses below $60/bbl on the prospect of easing tensions between the and OPEC member Iran, and because the Gulf of Mexico, producers began resuming operations after a storm.…
Stop The Production Of GOM Oil By Storm Barry
Oil traded near $60/bbl after a storm shut almost three-quarters of Gulf of Mexico crude production, at the same time as lingering demand considerations proceed to mark the outlook. Aftertimes…
Oil Prices Slid As China’s GDP Goes Down
Oil prices slid on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing considerations about the requirement in the world’s largest crude oil importer.…
New Oil Surplus Strategy Of OPEC
A week after OPEC agreed to maintain oil production restrained till early next year, the group’s first forecasts for 2020 revealed it faces an even longer and tougher challenge. The…
Tropical Storm In Louisiana, Curbing Oil Production
Tropical Storm Barry is barreling moving Louisiana and will hit the coastline as a hurricane by Saturday, causing near $1 billion in damage and worsening flooding in New Orleans. The…
Kuwait, Saudi Arabia Make Breakthrough in Impartial Zone Oil Discussion
Kuwait and Saudi Arabia are the closest in years to restoring oil output from the neutral zone shared by the nearby nations after making a breakthrough in recent consultations, in…
British Petroleum Says Its Oil Won’t See Sunlight
Oil corporations are under mounting pressure to bring gasoline to market faster and cheaper, major BP to end a few of its resources “won’t see the sunshine of day,” in…