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All publications by tag «OIL»

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2015, May, 28, 18:10:00
EXXON CHOOSE NOT TO LOOSE
At the oil giant’s annual meeting on Wednesday in Dallas, CEO Rex Tillerson gave a stay-the-course outlook for the company, which has seen profits decline recently with lower prices for crude oil.
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2015, May, 28, 18:00:00
CNPC FINDS BIG OIL
China’s CNPC said Tuesday that it has made the country’s first ever tight oil discovery to exceed 100 million tons.
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2015, May, 27, 18:30:00
SAUDI PRICE WAR
Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon
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2015, May, 27, 18:25:00
OPEC OIL RISING
OPEC supply is expected to increase by 0.2-0.3 million barrels per day (bpd) between now and end-3Q2015, analysts of the US JP Morgan bank said in a report, obtained by Trend.
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2015, May, 27, 18:20:00
NIGERIA'S BIG OIL
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled to dismantle the state oil company he helped create.
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2015, May, 27, 18:15:00
NIGERIA'S OIL CRISIS
The crisis has crept up in recent weeks amid wrangling by national fuel marketers over more than $1bn in alleged outstanding payments by the outgoing administration of President Goodluck Jonathan.
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2015, May, 27, 18:10:00
NIGERIA'S OIL CRASHING
Nigeria earns 75% of its budget from oil. The country uses much of that revenue to subsidize fuel prices. Nigerians buy gasoline for just $1.65 a gallon. To the companies that sell fuel to Nigeria, the government pledges to pay the difference between that price and the market rate within 45 days.
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2015, May, 27, 18:00:00
ROSNEFT NEED HELP: $50 BLN
OAO Rosneft may have to turn to competitors to buy natural gas and state aid to help honor a $50 billion contract it won away from OAO Novatek three years ago, according to two people with knowledge of the matter.
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2015, May, 26, 19:00:00
DISAPPEARED U.S. OIL
Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.
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2015, May, 26, 18:40:00
CHINA OIL IMPORTS UP
China's April imports of crude oil from Middle East suppliers rose 10% year on year to a record high of 16.61 million mt or 4.06 million b/d, led by Saudi Arabian supply, according to detailed data released Saturday by the General Administration of Customs.