Oil

The Kaduna Refining and Petrochemicals Company (KRPC) began production recently, refining about 60,000 barrels of crude per [...]

DUBAI – Oil Minister Bijan Zanganeh said yesterday that Iran’s oil output is expected to increase by 500,000 barrels [...]

The increasing demand of oil price and decreasing production mean that oil prices will not get lower, OPEC Secretary General [...]

July 31, 2015 // 5 Comments

The U.S. Senate Energy Committee is seeking to lift a ban on crude oil exports but face opposition from getting it passed by [...]

CALGARY –Shell and Cenovus are slashing more jobs as the companies see low second quarter earnings. At Cenovus Energy Inc, [...]

July 30, 2015 // 2 Comments

SINGAPORE – The price of oil in Malaysia, Vietnam and Australia has hit multi-year lows. This comes amidst low demand for [...]

July 30, 2015 // 2 Comments

BP reported a loss of US$5.8 billion in its second quarter following a massive oil spill in the Gulf of Mexico in 2010. The [...]

A call for more fossil fuel projects to be built in developing countries has been struck down by the World Bank which said [...]

July 30, 2015 // 4 Comments

Auctions for deep-water oil exploration in Mexico has been postponed after they failed to make government’s expectations. [...]

July 30, 2015 // 3 Comments

Sarawak is targeting to make Bintulu a petrochemical hub in line with its mission to increase the sae’s oil and gas [...]

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