Mineral Fuels Department Grants Exploration Licence To Pan Orient
The Department of Mineral Fuels (DMF) has awarded an on-shore petroleum exploration and production (E&P) licence,
Tags: crude oil
Oil Prices Dip On Mixed Supply And Demand Outlook
Both crude contracts on track for 2-3% drop this week but far from low of $60.47 hit two weeks ago.
Crude Oil Prices Gain Steadily Ahead Of OPEC+ Meet
London — Crude oil futures were up steadily as expectations of another OPEC+ rollover grow ahead of the coalition's meeting on April 1.
FEATURE: WAF Crude Exporters In Quandary Amid Fading Chinese Demand
London — China, the world's largest crude importer, has started to reduce its reliance on West African oil, smitten by the lure of cheaper Iranian oil amid a backdrop of swollen…
Venezuela Natural Gas Pipeline Explodes After PIGAP II Rupture
Caracas, Venezuela — An explosion at a 20-inch pipeline that provides natural gas to the PIGAP II gas reinjection plant in northern Monagas state in Venezuela was the result of a…
Global Rebound Drives Crude Oil Higher
In the fall, the global economy came out of COVID-19 hibernation, and demand for oil and gas began to outstrip supply. Christopher Furlong/Getty Images
Brent Hits $70 For First Time Since Pandemic Began After Saudi Attack
LONDON (Reuters) - Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the U.S. Senate passed a $1.9 trillion economic…
Oil Prices Jump As U.S. House Passes Huge Stimulus Bill
SINGAPORE (Reuters) - Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China's February factory activity…
Oil Up Again as US Reports Crude Draw vs Gasoline Build
Investing.com - Crude prices rose for an eight day in a row on Wednesday as the U.S. government reported another weekly drop in stockpiles that bucked market expectations — though…
Crude Oil Hits Pre-Pandemic Highs on Bets Vaccine to Keep Rebalancing Intact
Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic's grip on energy demand is coming to an end as the rollout of…