Andres Manuel Lopez Obrador, the leftist leading the race to win Mexico's presidency in July, will root out corruption at Pemex and also aims to slim down the state-owned oil and gas company, his pick for finance minister said on Thursday. In an interview with Reuters…
Trump threatens tariffs on $100 bln more of China trade. Oil prices fell on Friday after U.S. President Donald Trump's threat of new tariffs on China reignited fears of a trade war between the world's two biggest economies. Trump said on Thursday he had ordered U…
Russian oil producer Russneft said on Thursday that it had no plans to merge with Neftisa, but said the idea had been discussed many times.Russneft was responding after sources told Reuters that Russia's top state lender Sberbank opposed a…
An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed…
Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market, a company official said on Wednesday. BP expects to…
U.S. crude inventories also likely saw build for 2nd week. Oil fell to its lowest in two weeks on Wednesday after China said it would impose tariffs on a number of U.S. goods including agricultural products, raising the prospect of a growing trade war that could impact global growth…
Almost 35,000 private-sector workers organised by Norway's largest labour unions plan to go on strike from April 8 unless a deal is found over wages, pensions and other compensation, the unions said on Tuesday. The first wave of a strike…
Japan's biggest city gas seller Tokyo Gas Co expects that contracts for liquefied natural gas (LNG) cargoes with destination flexibility will spread from the West and Japan to be a common thing worldwide, the company's new president said. Japan's…
The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies. The…
Chinese buyers of U.S. ethanol will have to cut their imports because of new higher tariffs but they will have to return to the overseas market to meet the government's targets for using the fuel, industry participants and analysts said on Monday…
Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%)…
India's state-owned GAIL (India) Ltd on Friday said it would be annually receiving about 90 cargoes of liquefied natural gas (LNG) from Sabine Pass and Cove Point LNG terminals in the U.S. GAIL has long-term deals to annually buy 5.8 million tonnes U…
Brazilian oil Secretary Marcio Felix said on Thursday the ministry will seek to auction two choice oil blocks located in the offshore Santos basin in a June pre-salt auction. The two blocks were eliminated from Thursday's auction by a surprise court decision on Wednesday…
China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed. The history of futures and options trading is littered…
OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output…
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