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Saudi Arabia plans comprehensive energy reforms

Saudi Arabia embarked on an ambitious reforms programme in recent years to modernize its economy,…

Texas refineries will take weeks to recover

About a fifth of oil processing in Texas oil refineries was halted by power outages, shortages of…

Russian annual oil output declined to its lowest level since 2011

Oil production in Russia declined last year to its lowest level since 2011 following an agreement…

Saudi Aramco is interested in buying a stake in a refinery in Gdansk

The Polish company PKN Orlen plans to take over the energy company Lotos. The European Commission…

More Norwegian oil workers go on strike, 8% of output at risk

The conflict between workers on oil platforms offshore from Norway and their employers began on 30…

Oil cartel OPEC turns 60

The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 by five countries. The…

Oil giants agree to cut their greenhouse gas emissions

A group of the world’s top oil companies, including Aramco, BP, Chevron, Exxon Mobil, Shell, Total…

First U.S. oil bound for Belarus reaches Europe

Belarus is nearly completely dependent on oil supplies from Russia. As there is a pipeline from…

G20 developing nations agree to cut oil production

Crude oil prices are currently at their lowest in 18 years, and oil producing countries are trying…

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