OIL to challenge closure notice
by The pollution watchdog, in its closure notice on Saturday, had written that the company has “nonchalantly violated the provisions of law effective causing pollution to …
Category: Latest News
Oil and gas The reservoir to stop overflow is underway
Drilling and workover operations in 5 more areas, which are outside Baghjan, are yet to start out as protests are continuing there. Among them, two …
Oil Resumes Weekly Winning Streak
Oil rotated last week’s setback, extending a slow but relentless rise since falling into negative territory in April. U.S. benchmark crude futures rose 2.3% Friday …
Re-balance the worldwide oil market
Time spreads also showed signs of strength. WTI’s front-month spread rose Friday to the strongest level during a month. The July-dated contract expires Monday, which …
Oil is resuming its upward trend
Oil was poised to resume a run of weekly gains on signs consumption is learning as economies emerge from lockdowns. Despite many countries still struggling …
Oil and Gas Technology Centre
Brent for August settlement advanced 1.2% to $42.00 a barrel on the ICE Futures Europe exchange after rising 2% on Thursday. The August contract was …
US slaps sanctions on Mexican firms, to Venezuelan oil
The US on Thursday blacklisted Mexico’s Libre Abordo and a related company. Accusing them of helping Caracas evade US sanctions within the first formal action. …
Asia’s oil demand recovery remains fragile
The recovery in Asia’s demand for oil remains fragile despite the reopening of economies across the region. As the second wave of coronavirus outbreaks could …
China’s new marine fuel contract to attract strong industry
The new low-sulfur heating oil (LSFO) contract features marine fuel meeting. Stricter international emissions rules and is that the latest commodity futures product. Second oil …
To extend oil cuts beyond July
Oil fell quite 2 percent to below $41 a barrel. After US data showed crude inventories rose to a record high, reviving worries of a …