London — Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive said.... Read more
OpeOluwani Akintayo Lagos — Nigeria’s oil & gas sector recorded $216 million foreign capital inflow in 2019 Data sourced from the Nigerian Bureau of Statistics, NBS, report on ‘Nig... Read more
New Delhi — India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India’s... Read more
Moscow — Russia is planning to cut Urals oil exports from its Baltic ports by a further 5% on a daily basis in June after slashing them by half in May in line with output curbs agreed... Read more
LONDON — Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-chang... Read more
Moscow — Russia’s energy ministry sees global oil demand and supply balancing in the next two months, the RIA news agency said on Monday, citing an unnamed source familiar with the min... Read more
Dubai/Valencia, Venezuela — The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the South American country’s El Palito refinery, the nation’s oil... Read more
Dubai — Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported. “No one can predict cru... Read more
TOKYO — Oil prices rose on Monday, erasing earlier losses, as countries around the world continued to ease lockdown measures imposed to combat the coronavirus pandemic, boosting hopes... Read more
CARACAS — The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA’s ports as President Nicolas Maduro thank... Read more
