Energy

Aramco in advanced talks on up to $25 bln Reliance deal – Bloomberg News

Saudi Aramco (2222.SE) is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd's (RELI.NS) oil refining and chemicals business for…

4 years ago

OPEC+ supply boost unlikely despite call from U.S. for more oil, says Goldman

U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is…

4 years ago

Oil dips as Delta variant weighs on demand forecasts

The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the…

4 years ago

EXCLUSIVE Exxon, Chevron look to make renewable fuels without costly refinery upgrades -sources

U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels…

4 years ago

Oil prices drop as IEA warns of slowdown in demand recovery

Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the…

4 years ago

Analysis: Peak OPEC? Climate-focused production shift to pile pressure on pact

Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…

4 years ago

Exclusive: Exxon launches U.S. shale gas sale to kick-start stalled divestitures

Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise…

4 years ago

Oil drops below $70 as U.S. urges OPEC+ to pump more

Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost…

4 years ago

Oil rises as market shrugs off virus impact

Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of…

4 years ago

Reliance joins Bill Gates, others to invest $144 mln in U.S. energy storage co

Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc,…

4 years ago