Shareholder payout to stay despite 73% fall in quarterly profits due to impact of Covid-19
Saudi Aramco joins Oil and Gas Climate Initiative pledge but critics say targets are insufficient
World’s most profitable company posts net profits of $16.64bn for first quarter
WASHINGTON (Reuters) – The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid U.S. sanctions, two sources familiar with the matter told Reuters.
DUBAI/SINGAPORE/BEIJING (Reuters) – Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.
WASHINGTON (Reuters) – Interior Secretary Ryan Zinke said on Tuesday he will not lower royalty…
MOSCOW (Reuters) – Leonid Mikhelson, chief executive of Russian gas giant Novatek, said on Sunday…
BAKU (Reuters) – The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
BAKU (Reuters) – OPEC Secretary General Mohammad Barkindo said on Sunday that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories.
BAKU (Reuters) – Saudi Arabia’s energy minister said on Sunday he was optimistic about continued…
NEW YORK (Reuters) – Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.
SINGAPORE/BAGHDAD/TRIPOLI (Reuters) – At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders.