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March 26-28,2025

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Industry News
The following is the news list page
16 2018-05

Oil rises to $79 in London on Mideast risk from Iran to Gaza

LONDON (Bloomberg) --Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Ira.........

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15 2018-05

India's oil demand surges for eighth straight month in April

MUMBAI (Bloomberg) --Indias oil consumption surged 4.5% in April as industrial activity gathered pace in Asias third-largest economy and sales of trucks and buses soared. The nations total o.........

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14 2018-05

Lukoil signs new development plan for West Qurna-2 field in Iraq

MOSCOW -- Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil product.........

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11 2018-05

Senator eyes oil tax to punish Canada over Alaska drilling clash

WASHINGTON (Bloomberg) --As Alaskas congressional delegation worked feverishly last year to achieve the decades-long dream of drilling for oil in the Arctic National Wildlife Refuge, they ca.........

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10 2018-05

Oil rises as Trump tells buyers to cut back on Iranian crude

LONDON and SEOUL (Bloomberg) -- Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full.........

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09 2018-05

U.S. seen cutting oil imports to lowest since Eisenhower

NEW YORK (Bloomberg) --The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels. The Energy Information Administrati.........

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08 2018-05

Oil faces a month of mayhem as geopolitical risks proliferate

LONDON (Bloomberg) --Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks .........

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07 2018-05

Oil steady near $68 amid bets Trump will exit Iran accord

SINGAPORE and LONDON (Bloomberg) -- Oil traded near $68/bbl amid growing expectations that U.S. President Donald Trump will withdraw from a nuclear accord with Iran, threatening crude export.........

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04 2018-05

Oil-rich Persian Gulf set to add another member to triple-digit debt club

DUBAI (Bloomberg) --Bahrain, one of only three Middle East oil exporters that needs crude above $100 to break even, will soon be part of another short list: the triple-digit debt club. The s.........

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03 2018-05

Oil's lifeline turns into $7-billion drag as crude prices jump

NEW YORK (Bloomberg) --Theres a downside to oil prices being up that could cost the industry more than $7 billion. When crude markets slumped, explorers used hedging contracts to lock in pay.........

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02 2018-05

Oil investors show they want more than just profit

LONDON (Bloomberg) --Big Oils investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback. Theyre willing to punish companies that dont mee.........

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28 2018-04

Oil steadies amid Korean peace pledge, threat of Iran sanctions

LONDON (Bloomberg) --Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of.........

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27 2018-04

Citi says U.S. may become world's top oil exporter next year

SINGAPORE (Bloomberg) --The U.S. looks likely to overtake Saudi Arabia to become the worlds biggest oil exporter next year, according to Citigroup Inc. With American production surging to un.........

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26 2018-04

Oil holds loss as hope of new Iran deal eases sanction concern

TOKYO (Bloomberg) --Oil held losses below $68/bbl after French President Emmanuel Macron called for a new Iran nuclear deal to keep the U.S. on board, raising speculation sanctions on the OP.........

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25 2018-04

SDX Energy reports oil discovery in Egypt's West Gharib Concession

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt.........

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