Oil Company News

Delta Air Lines posted a net first quarter loss of $1.18 billion Thursday but expects to break even in June...

Rongsheng purchases 6 million barrels of Abu Dhabi crude for its giant 800,000 b/d ZPC refinery.

Surgut set to sell eight ESPO cargoes via tender for June, premiums move up by around $1/b on the month

Goldman Sachs becomes the latest firm to advance peak oil demand forecasts as EVs take root.

An ocean-going vessel was bunkered this month from marine biofuel in Singapore for the first time in a trial carried out ...

Production set to cease at the west of Shetland oil field as output declines to around 10,000 b/d

Iraq says it is in talks with US energy firms to find a buyer for Exxon's major stake in the West Qurna 1 oil field

Major carriers Qantas and American Airlines have both issued bullish trading updates...

Energy major Shell will have produced 75% of its known oil and gas reserves by 2030 and 97% by 2040, the company said ...

Iraq's SOMO issues rare Basra Medium tender

Spanish energy major Repsol has agreed to sell its Italian fuel business to Tamoil, which runs a number of operations in ...

United Airlines is to partner with 11 global companies to increase production of sustainable aviation...

Essar Oil UK, the owner of the 210,000 b/d Stanlow refinery, has been hit by the resignation of two blue-chip City law firms

ADNOC expands VLCC fleet, expected to support crude sales and trading activities

Finnish refiner Neste has struck a deal to supply 300 mt of sustainable aviation fuel to Finnair at Helsinki airport in Finland...

Swiss-based miner and oil trading house Glencore has signed a memorandum of understanding to develop carbon capture and storage...

Essar Oil UK, the owner and operator of the 210,000 b/d Stanlow refinery in the UK, issued a statement on Monday to ward off speculation that it was on the brink of financial collapse....

Two new gas rigs were drilled in the U.S. last week, but the oil rig count stayed the same for the second week running, according to data from Baker and Hughes...

Trafigura is setting up a carbon trading desk, as part of its plan to gain a greater presence in the energy transition, the Geneva ...

The Dubai-based LNG trading firm, H-Energy, has been liquidated after defaulting on trading losses, according to ...