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EXXON AND CNOOC TEAM UP TO CHALLENGE CHEVRON’S GUYANA OIL DEAL.
Exxon and CNOOC have joined forces in their arbitration claims against Chevron's acquisition of Hess's share in the Stabroek oil block.
- 2 years, 2 months
TRANSPORT RECOVERY REKINDLES THREAT OF DIESEL SHORTAGE.
Moody's has predicted a significant increase in diesel prices in the United States, with a rise of over $1 per gallon from pre-pandemic levels, reaching $4.50 per gallon.
- 2 years, 2 months
OIL MOVES DOWN ON INVENTORY RISE.
Crude oil prices declined today following the Energy Information Administration's report of a 3.2 million barrel inventory build for the week ending March 22. This contrasts with the previous week's 2 million barrel draw, which was accompanied by a significant draw in gasoline inventories, providing price support.
- 2 years, 2 months
TOTAL ENERGIES FACES LEGAL CHALLENGE OVER SOUTH AFRICA DRILLING PLANS.
Environmental groups are contesting French oil major Total Energies' plans to drill five wells off the coast of South Africa in court. The groups aim to halt the drilling, alleging that the environmental impact assessment was not conducted in accordance with requirements.
- 2 years, 2 months
SANCTIONS BEGIN TO BITE INTO RUSSIAN OIL EXPORTS.
The tightening sanctions on Russia's oil exports are leading to increased freight costs for transporting Russian crude.
- 2 years, 2 months
OPEC SEES NO NEED FOR POLICY CHANGE PROPOSAL AT NEXT WEEK’S MEETING.
The OPEC+ group has decided that there is no need for a change in the next Joint Ministerial Monitoring Committee (JMMC) meeting.
- 2 years, 2 months
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