OIL to challenge closure notice
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 …
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