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Emerging Oil Nations Reject Climate Curbs on Exploration, Pursue Rapid Development

2021-08-20 15:30:00| OGI

Brazil, Ghana, Guyana and Suriname laid out plans to rapidly tap new discoveries.

Tags: development oil rapid nations

 

Saudi Arabia Remains Chinas Top Oil Supplier

2021-08-20 11:20:00| OGI

Chinas total crude oil imports last month tumbled almost 20% from a year ago as independent refiners faced tighter import quotas amid a government clamp-down on trade of the permits.

Tags: top remains oil arabia

 
 

Oil Prices Set for 5% Weekly Drop as Delta Variant Spreads

2021-08-20 11:15:00| OGI

The approaching end of the U.S. peak gasoline demand season and end of summer holidays in Europe and the United States are also set to sap oil demand.

Tags: set prices oil drop

 

Opinion: What BHPs Petroleum Exit Could Signal for the Oil Industry

2021-08-19 22:05:00| OGI

Its likely that the BHP deal with Woodside signals that the era of paying premiums to acquire oil and gas assets is over. From now on, companies seeking to offload these type of assets might be forced to accept ever-diminishing prices.

Tags: industry opinion oil signal

 

Study: Most Flares from Texas Permian Oil Drilling Lack Permits

2021-08-19 15:21:37| OGI

Oil producers such as Exxon Mobil and Royal Dutch Shell are burning off gas in the largest oil field in the U.S. without required Texas state permits, the environmental group Earthworks said in a report on Aug. 19.

Tags: study texas lack oil

 

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