Oil prices rise as demand improves, supplies tighten
Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.
EXCLUSIVE Energy majors bid for Qatar LNG project despite lower returns
Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
EXCLUSIVE Exxon losing veteran oil traders recruited during past expansion -sources
Exxon Mobil Corp (XOM.N) has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving its British unit, according to people familiar with the matter, in a continued exodus of top talent from the oil major.
EXCLUSIVE Exxon losing veteran oil traders recruited to beef up profit -sources
Exxon Mobil Corp (XOM.N) has lost two top crude oil traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group.
EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
Exxon’s board shakeup could force review of billions of dollars in spending
The recent overhaul of Exxon Mobil Corp’s (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say.
Gas Industry Should Embrace Innovative Learning Technologies, says eCom Scotland
The gas industry’s professional engineering institution, the Institution of Gas Engineers and Managers (IGEM), held its inaugural safety conference on 9th June. Supported by the Gas Industry Safety Group (GISG), the conference was held online. Conference delegate, Helen Robertson, of the digital learning and assessment specialist, eCom Scotland, commented, “Safety being a vital pillar of […]
Brent oil benchmark hits 2-year high, WTI highest since 2018
Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.
Oil prices retreat but outlook remains positive
Oil prices extended losses on Tuesday on profit taking and a stronger U.S. dollar, but overall optimism about strong demand recovery kept a floor under prices.
Analysis: Market for U.S. oil acreage booms along with crude price recovery
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.
