UPDATE 1-Germany says Russian gas pipeline needed to ensure supply
U.S. President Donald Trump has said the project increases reliance on Russian gas and has warned Western firms invested in it that they are at risk of sanctions.
Oil firm as OPEC, Russia resist calls to raise output as Iran sanctions loom
Oil markets have been driven up by looming U.S. sanctions against Iran and an unwillingness or inability by Middle East dominated producer cartel OPEC and Russia to raise output.
U.S. oil drillers add fewest rigs in quarter since 2017: Baker Hughes
U.S. energy companies cut oil rigs for a second consecutive week as new drilling stalled in the third quarter with the fewest additions in a quarter since 2017 due to pipeline constraints in the nation’s largest oil field.
Big Oil pledges to slash potent greenhouse gas emission
A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change.
Iraq's southern oil exports close to 3.6 mln bpd -SOMO
Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said.
Exclusive: As oil forecasts call for $100, India considers cutting back crude imports
With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, Indian refiners are considering cutting back their imports and relying more on cheaper crude already stored in inventories, according to industry executives.
Algeria says global oil market is balanced
The world crude oil market is currently balanced, Algerian Energy Minister Mustapha Guitouni said on Monday ahead of a meeting of producers in Algiers.
Russia's oil industry can shoulder extra taxes, finance ministry says
Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years, Alexei Sazanov, the head of the tax department in the finance ministry, said in an interview.
|
