Oil Bulls Balk At Surprise Crude Oil Inventory Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.287 million…
Aramco Debt Nears 3-Year High as Oil Plunge Strains Earnings
(Bloomberg) — Saudi Aramco’s net debt rose to the highest in almost three years, piling pressure on the…
Iran Says Next Round of US Nuclear Talks Scheduled for
(Bloomberg) — The US and Iran will hold their fourth round of talks over the Islamic Republic’s nuclear…
Indonesia to Cut Fuel Imports From Singapore in Favor of US
(Bloomberg) — Indonesia will cut its fuel imports from Singapore and source supplies from the US and Middle…
A 26-Year-Old Asked to Help Shape Japan’s Climate Goals Has
(Bloomberg) — A 26-year-old solar executive who jolted Japan’s government by making a rare public criticism of the…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in…
Occidental’s diverse portfolio delivers first quarter
Occidental Petroleum has announced better-than-expected first quarter profits, driven by robust production and favourable natural gas prices. The…
Crude Stockpiles Drop as Oil Prices Rebound
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.49 million barrels…
Spain’s Blackout Wiped €400 Million Off Economy, Top Bank
(Bloomberg) — Spain’s biggest ever blackout wiped almost €400 million ($454 million) off the economy, according to an…
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share…
Shell Is Studying Merits of BP Deal as Rival’s Stock Slumps
(Bloomberg) — Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s…
Germany’s Red Tape Creates a Berlin-Sized Hole in Energy
(Bloomberg) — Nestled along the banks of the Neckar River in southwest Germany, the bucolic university town of…