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Latest Articles in Energy Infra

BP Swings Back To Small Profit, Refining Weighs

BP reported a $86 million profit for the three months to September 30, beating analysts' expectations of a loss of $120 million.

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India Will Drive Global Energy Demand: PM Modi

India's energy future is bright and secure, Modi said, adding access to energy should be affordable and reliable.

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Oil Selloff Pauses, But Outlook Shaky On Surging Coronavirus Cases, Supply Woes

Brent crude was up 12 cents, or 0.3%, at $40.58 a barrel by 0039 GMT, having dropped more than 3% overnight. U.S. oil was up 13 cents, or 03%, at $38.69 a barrel, after also declining more than 3% on Monday.

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Total Aims To Expand India Renewable Portfolio To 6 GW: CEO

Speaking in an online interview at CERWeek's India Energy Conference, Pouyanne said that retail fuel demand in Europe was "good" and almost at pre-pandemic levels in the third quarter of the year.

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Tax Hikes May Help Russian Oil Majors Stomach OPEC Output Curbs

Renaissance Capital estimated that in total, the finance ministry plans to source 6 trillion roubles ($78 billion) in tax revenues from the oil and gas sector in 2021, or 32% of its total 2021 budget revenues under a Urals oil price assumption of $45.3 per barrel.

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Chevron Bets On Middle East Gas Riches And Reconciliation

The plan is anchored by Wirth's $11.8 billion purchase this month of U.S.-based Noble Energy, which holds a stake of about 40% in the aptly-named Leviathan gas field in the Mediterranean Sea, off the coast of Israel.

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Oil Falls More Than 1% As Surging COVID-19 Cases Stoke Demand Fears

Brent crude was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West Texas Intermediate (WTI) dropped 53 cents, or 1.3%, to $39.32, having fallen more than a dollar shortly after the start of trading.

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Oil Steady As Russia Holds Out Prospect Of Output Cut Extension

Brent crude was off 1 cent at $42.45 a barrel by 0040 GMT having risen 1.7% on Thursday, while U.S. oil was 2 cents lower at $40.62, following a 1.5% gain in the previous session.

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Malaysia Says Allegations Of Forced Labour In Palm Plantations Is "Old Issue"

Malaysia exported 14.1 billion ringgit ($3.40 billion) worth of agricultural commodities to the United States from January to August this year

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Oil Slips On Weaker Demand Outlook After US Gasoline Stocks Build

Brent crude futures retreated 21 cents, or 0.5%, to $41.52 a barrel after sliding 3.3% on Wednesday.

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Oil Prices Slip As US Inventory Build Stokes Fears Of Supply Glut

Brent crude futures for December delivery were at $42.66 a barrel, down 50 cents, or 1.16%, as of 1027 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 56 cents, or 1.34%, to $41.14.

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Oil Falls After US Inventory Build Feeds Oversupply Fears

Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents, or 0.5%, as of 0035 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 23 cents, or 0.7%, to $41.47 a barrel.

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Oil Steadies But Coronavirus And Supply Pressures Remain

Brent crude futures were trading up 5 cents, or 0.1%, at $42.67 a barrel by 1048 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 13 cents, or 0.3%, to $40.96.

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Oil Prices Steady But Rising Infections And Oil Supply Weigh

Brent crude futures were trading down 4 cents, or 0.1%, at $42.58 a barrel by 0635 GMT, recovering ground after falling to as low as $42.19 earlier in the session.

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OPEC+ To Discuss Weakening Oil Demand Outlook

OPEC+ experts last week discussed risks of a persisting supply overhang in 2021 in the event of a prolonged and severe second wave of the COVID-19 pandemic.

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