Trump, US oil companies to discuss tariffs on Saudi oilInternational Finance Business DeskApril 2, 2020April 2, 2020 by International Finance Business DeskApril 2, 2020April 2, 2020 CEOs of Exxon Mobil, Chevron, and Occidental Petroleum are set to meet Trump at the White House... Read more
Aramco mulls selling pipeline stake to raise cashInternational Finance Business DeskMarch 31, 2020 by International Finance Business DeskMarch 31, 2020 Aramco needs cash to deal with the slump in oil prices and the coronavirus pandemic... Read more
Coronavirus, oil price war take its toll on African oil producersInternational Finance Business DeskMarch 30, 2020 by International Finance Business DeskMarch 30, 2020 Recently, Congo reached out to OPEC for an emergency meeting to find a way to keep member nations from sinking into recession... Read more
Coronavirus: Shell to cut spending by up to $9 billionSamuel AbrahamMarch 24, 2020March 24, 2020 by Samuel AbrahamMarch 24, 2020March 24, 2020 Other oil majors including Exxon Mobil, BP, Chevron, and Total are also reducing spending... Read more
Aramco to cut refinery runs to sustain high oil output through MayPritam BordoloiMarch 20, 2020 by Pritam BordoloiMarch 20, 2020 Aramco to continue supplying crude at a record rate of 12.3 bpd... Read more
Adnoc awards contracts worth $1.65 bn for gas development projectsPritam BordoloiMarch 19, 2020 by Pritam BordoloiMarch 19, 2020 The contracts are awarded to Petrofac and a JV between Petrofac and Sapura Energy... Read more
Mubadala, OMW sign $4.68bn deal for Borealis acquisitionInternational FinanceMarch 13, 2020March 18, 2020 by International FinanceMarch 13, 2020March 18, 2020 OMV will acquire 39 percent of Mubadala's stake in Borealis through the partnership... Read more
Adnoc to supply over 4 mn bpd from April as global oil price plungesPritam BordoloiMarch 12, 2020March 12, 2020 by Pritam BordoloiMarch 12, 2020March 12, 2020 The oil giant is also speeding up its original target to produce 5 mn bpd of oil by 2030... Read more
Aramco to increase crude production amid price warPritam BordoloiMarch 11, 2020 by Pritam BordoloiMarch 11, 2020 The company will increase production by 300,000 barrels per day... Read more
As global oil prices fall, Petrobras’ shares plungePritam BordoloiMarch 10, 2020 by Pritam BordoloiMarch 10, 2020 A possible price war could hinder Petrobras’ plan to sell around $30 bn of assets by 2024... Read more