Before it launched the world’s biggest public listing, Saudi Arabian Oil Co. promised potential investors a small piece of a trillion-dollar company with access to unrivaled oil reserves. Not just
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India’s Annual Oil Usage Falls for First Time in 21 Years
In this article India’s petroleum consumption fell for the first time in more than two decades in 2020 as the coronavirus pandemic shuttered businesses and factories, hurting demand from one
Continue reading »Oil Holds Gains After Topping $50 on Saudi Pledge to Cut Output
Oil held gains in Asia after surging to a 10-month high on a surprise Saudi Arabian pledge to cut an extra 1 million barrels a day of crude output in
Continue reading »China Oil Majors May Face U.S. Delisting After NYSE Drops Telcos
Chinese oil majors may be next in line for delisting in the U.S. after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest
Continue reading »Falling Shale Break-Even Costs May Not be Enough to Spur Rebound
In this article The oil price needed to profitably drill a shale well has fallen by almost a fifth since last year, but that may not be enough to revive
Continue reading »While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5 billion from its
Continue reading »Dirty Fuel Demand Jumps With More Ships Running Pollution Kits
An increase in vessels being fitted with pollution-reducing kits and unusually strong demand for container shipping is providing a boost to the dirtiest marine fuel. The number of ships fitted
Continue reading »The Pandemic Has Broken Shale and Left Oil Markets in OPEC Hands
OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years the shale boom won’t be at the top
Continue reading »Oil Extends Gains on Signs OPEC+ Will Delay Easing Output Cuts
Oil edged higher after jumping the most in three weeks on Monday on increasing signs OPEC+ will delay a planned easing of output cuts. Futures in New York traded near
Continue reading »Markets Are Divesting You From Fossil Fuels: Nathaniel Bullard
One of the oldest components of the Dow Jones Industrial Average disappeared from the popular market benchmark at the end of August. ExxonMobil Corp., a member since 1928 (when it was
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