Oil Company News

Abu Dhabi National Oil Co has informed its term customers of supply cuts for its Murban, Das Blend and Upper Zakum crude oil grades for September-loading cargoes by around...

Reliance Industries Ltd said it has successfully restarted the downed secondary unit at its export Jamnagar refinery in Gujarat following an outage earlier in the month...

Australian oil and gas producer Santos Limited is facing strong criticism over its plans to develop a new gas field in the Timor Sea, according to Australian media reports...

Indian conglomerate Reliance Industries is to invest more than $10 billion dollars in green energy over three years ...

Hin Leong founder Lim Oon Kuin has been hit with 105 new charges by Singapore authorities investigating the collapse

Iraq's SOMO has canceled a fixed-price supply deal with China's state-owned Zhenhua Oil Co after crude prices increased by around 50%...

The $100 per barrel crude oil scenario moved further into mainstream thinking this week as bosses from top oil companies warned about the investment gap...

BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices...

On Monday CME Group joined rival exchange SGX in seeking to offer a risk-management tool...

Qatar Petroleum (QP) has awarded its monthly Al Shaheen tender for August loading at premiums in excess of $2.00/b, the highest levels versus Dubai swaps...

orwegian energy major Equinor expects to increase the share of its capital expenditure in renewables and low carbon solutions ...

French energy company EDF says it is working to resolve a "performance issue" at its co-operated nuclear plant in China following claims of a potential leak...

Energy major Shell is considering selling all or part of its holdings in the Permian Basin, the largest US oil field ...

Indonesia's state energy firm Pertamina said Sunday that it has extinguished the fire that broke out in a storage tank area at its refinery in Cilacap...

Reliance Industries Ltd said it has shut a secondary unit at its export Jamnagar refinery in Gujarat, which may delay...

Iraq's State Oil Marketing Organization has mostly increased its July Official Selling Prices for Asian and European buyers, while cutting OSPs in the...

Global commodity trader Trafigura announced Thursday a sharp uptick in first-half year net profits to $2.1 billion, up from $0.5 billion in the same period 2020 ...

Abu Dhabi National Oil Company (ADNOC) has sold several cargoes of straight run fuel oil this week, after an outage on the Residue Fluid Catalytic Cracker at its...

State-run Chinese refiner Petrochina has been told to stop trading crude oil import quotas with independent refineries ...

Hungarian integrated oil and gas company (IOG) MOL Group has agreed a deal to purchase Austrian IOG OMV Group's Slovenian operations ...