Oil Company News

Trading company Trafigura reported full-year profits of $7bn on Thursday...

Abu Dhabi National Oil Co. (Adnoc) has cut Official Selling Prices (OSPs) for January-loading crude, with its flagship Murban grade...

Exxon Mobil Corp. is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit...

US airline JetBlue on Tuesday said it will not continue its voluntary carbon offsetting of domestic flights...

Global energy transition will not happen without a corresponding material transition, the CEO of Saudi Aramco said as he set out the path...

Strikes are set to resume this week at ExxonMobil's Fawley refinery after bosses refused...

Commodity trader Trafigura has secured a multi-billion-dollar loan guaranteed by the German government to help...

Green ammonia for fertiliser is likely to be one of the first methodologies submitted by the world's...

US oil company Hess Corporation has bought a large chunk of Guyana's jurisdictional REDD credits that were issued...

Lukoil said Friday it is ready to ensure the uninterrupted operation of the ISAB refinery in Sicily...

Spanish oil company Cepsa will invest €3 billion ($3.15 billion) to build Europe's largest green hydrogen hub in the south of...

The world can still limit global warming to well below 2 degrees Celsius if governments and companies take...

A global coalition of financial sector institutions announced it will develop guidance on the managed phaseout of...

Saudi Aramco has raised its LPG term contract prices for customers in Asia in December to $650/mt...

Around 25% of Hungary's fuel stations are short of fuel after the nation's biggest supplier MOL...

The Italian government is ready to nationalise Lukoil's ISAB refinery in Sicily...

Polish energy group Orlen reported a 26% jump in throughput in the third quarter...

Adnoc has confirmed plans to accelerate its oil production capacity to 5 million bpd by 2027...

BP has said it is weighing whether it will continue to publish its annual supply and demand survey of the global...

Kuwait Petroleum Corporation (KPC) Al-Zour refinery has sold its first 100,000 mt 0.5% marine fuel cargo for...