Highs and lows in Kenya’s oil
It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves...
Category : Oil & Gas
Rising Covid-19 cases worldwide to impact oil demand recovery
Crude prices have continued to rally in January after hitting $50 per barrel in 2020...
Centrica expects closing 2020 debt to reach $3.8 billion
This points to a reduction of more than 10 percent on the year...
Argentina plans to gradually increase biodiesel and ethanol prices
There will be a price hike of 91 percent in biodiesel and 56 percent in ethanol...
Petrobras pumps an average of 2.28 mn bpd in 2020, sets record
The Brazilian oil giant broke its previous record of 2.23 million bpd set in 2015...
Brazil to make significant oil reforms in 2021
It is focused on regulatory stability which is important for improvements in regulator processes...
SNOC and Eni announce production in Mahani gas field
The announcement comes within only one year of the discovery of gas in the field...
Exxon to invest $240 mn at its Baton Rouge refinery
The investment would significantly improve the refinery’s processing capability...
3R to acquire onshore oilfields from Petrobras for $250 mn
Oil production at the fields was 2,145 bpd in November...
Brent oil prices to pick up to $47 per barrel in 2021: IIF
Higher global oil inventory levels and surplus crude oil production capacity to limit upward pressure on oil prices...