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 the environment”. The board stated …
OIL to challenge closure notice Read MoreDrilling and workover operations in 5 more areas, which are outside Baghjan, are yet to start out as protests are continuing there. Among them, two are drilling locations and 4 …
Oil and gas The reservoir to stop overflow is underway Read MoreOil 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 to shut at the very …
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 could add extra volatility early …
Re-balance the worldwide oil market Read MoreOil was poised to resume a run of weekly gains on signs consumption is learning as economies emerge from lockdowns. Despite many countries still struggling to bring the coronavirus in …
Oil is resuming its upward trend Read MoreBrent 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 6 cents costlier than the …
Oil and Gas Technology Centre Read MoreThe 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. By the US Department of …
US slaps sanctions on Mexican firms, to Venezuelan oil Read MoreThe 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 hit consumption again, the outgoing …
Asia’s oil demand recovery remains fragile Read MoreThe 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 contract after Shanghai crude – …
China’s new marine fuel contract to attract strong industry Read MoreOil fell quite 2 percent to below $41 a barrel. After US data showed crude inventories rose to a record high, reviving worries of a persistent glut thanks to weak …
To extend oil cuts beyond July Read More