EBRD grants $250mn loan to Alexandria Petroleum for new developments
The project expects to boost the company’s efficiency and cut down carbon...
Oil and Gas
China invests billions of dollars in new mega-refineries amid a volatile oil market
The mainland has already added 1 million barrels since the start of...
A breakthrough initiative in climate change
The OGCI has pledged to reduce carbon intensity to between 20 kgs...
Major European oil majors are not fully aligned with UN climate goals: Reports
BP is the least aligned European oil major towards the UN-backed targets...
Saudi Aramco, Sumitomo Chemical lend $2bn loan to bolster JV’s working capital
Sumitomo Chemical will provide 37.5 percent of the loan...
Iran’s oil exports continue to thrive despite US sanctions
Iran exported more crude oil than expected in August...
Saudi Aramco to accept fresh LPG cargoes
Opec nations and its partners pumped more crude oil in August...
Global refiners plan to reduce oil production in spring
China, the second-largest fuel consumer has been walloped the most by the...
OPEC+ nations seek rebound in crude oil supply after production cuts
Brent crude recorded a loss of 10 percent in the past two...
Petrobras restarts oil trade with Vitol and others after two years
The company will spend $40 bn between 2021 and 2025 on capital...