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Ecuador breaks OPEC unity, announces rise in oil output to raise revenue
Ecuador has dealt a blow to OPEC unity by announcing…
Exxon, Chevron downgraded at Wolfe on weak outlook for crude
Exxon Mobil Corp. and Chevron Corp. had their recommendations cut…
Nigeria state oil company says its refineries now produce 60% of domestic kerosene
The Nigerian National Petroleum Corporation (NNPC) has announced that its…
Oil skeptics let a little sunshine in
Oil skeptics are letting a little sunshine in. After the…
U.S. drilling costs rise as active rig count climbs
U.S. oil and gas exploration and production companies are paying…
Tide turns for sulphur-rich oil in a sea of light crude
The world is awash with oil, but in pockets of…
Global LNG export to reach 650bcm by 2022, IEA
The International Energy Agency (IEA) said in its annual report…
Shell selling stake in Ireland’s Corrib gas field for $1.23 billion
Royal Dutch Shell Plc said it would sell its 45…
Numbers show huge challenges facing OPEC members
The price of a barrel of Brent crude has more…
Goldman sees risk of oil below $40 without OPEC ‘shock and awe’
OPEC needs to “shock and awe” the oil market for…
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