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India Wants OPEC To Fix Asian Oil Pricing Anomaly

India wants OPEC to review its pricing policies for the Asian market and end the premium it puts on its crude for Asia, Indian Oil…

A Republican Senate may mean the end for Biden’s Green New Deal

Even if Joe Biden wins the White House, his ambitious climate agenda could be thwarted by a Senate that is increasingly likely to remain in…

Qatar Bases Budget On $40 Oil To Withstand Volatility

Oil and gas producer Qatar will base its budget on an oil price of $40 a barrel—lower than the actual expected price—in order to protect…

Drop In Saudi Oil Exports Keeps OPEC+ Shipments Flat In October

A 386,000-barrel-per-day (bpd) cut in Saudi Arabia’s crude oil shipments kept total seaborne exports of the OPEC+ group stable in October compared to September, although…

Aramco maintains dividend, shrugs off 45% profit drop and rising debt

Saudi Aramco failed to generate enough cash to cover its dividend, yet left the payout unchanged at $18.75 billion for the third quarter even as…

Dresser Natural Gas Solutions acquires Flow Safe

Dresser Natural Gas Solutions (Dresser NGS), a leading provider of measurement, instrumentation and piping solutions to the natural gas distribution and transmissions markets, has acquired…

China raises oil quota 20 percent to leverage low oil prices

(Bloomberg) –A sharp drop in oil prices may be about to get some relief from China Against a backdrop of sagging demand and signs of…

With little left to cut, oil majors must wait for a recovery

It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting…

Traders Look To Store Diesel At Sea As Second Wave Hits Demand

In another sign that the second coronavirus wave is hitting fuel demand, oil trading firms are looking for new supertankers to use them as floating…

Weak Oil Demand Set To Keep Crude Tanker Rates Low

Crude oil tanker rates—which fell in September to their lowest since 2003 on the key route from the Arabian Gulf to Asia—are expected to remain…

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