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Latest Articles in oil companies

New Study Shows Increasing Cyber Attacks On India's Critical Infrastructure

Arjun Yadav

National

The study was done as part of civil society group CyberPeace Foundation's eKawach program

Refinery Margins To Offset Oil Companies' Losses On Holding Fuel Prices: Fitch

BW Online Bureau

Energy & Infra

The correlation of retail fuel prices with the 15-day rolling average of crude oil prices (reference prices) has remained high at 93 per cent since the onset of the COVID-19 pandemic in January 2020

Brent May Test USD 78-80 Levels, Support At USD 68 -70 Levels: Emkay Wealth Management

BW Online Bureau

More Press Release

One major factor that dominated oil markets is the possibility of a nuclear deal between the US and Iran, and also better relations between the two countries, based on the reported talks between the two parties.

French Energy Group Total Buys 20% Stake In Adani Green Energy

BW Online Bureau

Energy & Infra Oil and Gas

Total and Adani added they had agreed on the acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL and a 20% stake in AGEL for a global investment worth $2.5 billion.

Saudi Aramco Says Domestic Supplies Unaffected By Attack On Jeddah Plant

BW Online Bureau

Energy & Infra Oil and Gas

Aramco's oil production and export facilities are mostly in Saudi Arabia's Eastern Province, more than 1,000 km (620) from Jeddah.

Rosneft Swings To Net Loss, Hit By Pandemic And Weaker Rouble

BW Online Bureau

Energy & Infra Oil and Gas

The company's oil and gas condensate output for the July to September period was down 3.2% from the previous quarter at 3.91 million barrels per day.

Oil Falls As Renewed Lockdowns Counter COVID-19 Vaccine Hopes

BW Online Bureau

Energy & Infra Oil and Gas

U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96.

Oil Falls As Near-Term Demand Worries Overshadow COVID-19 Vaccine Relief

BW Online Bureau

Energy & Infra Oil and Gas

OPEC+ agreed to cut supply by 7.7 million barrels per day from August through December and then ease the cut to 5.7 million bpd from January.

Oil Falls 4% As US Vote Count Continues, Coronavirus Cases Rise

BW Online Bureau

Companies & Markets Markets Stock Market

Brent crude settled down $1.48, or 3.62%, at $39.45 a barrel. U.S. West Texas Intermediate (WTI) <CLc1> dropped $1.65, or 4.25% to $37.14 a barrel.

Oil Slumps As COVID-19 Infections Surge, US Vote-Count Drags On

BW Online Bureau

Energy & Infra Oil and Gas

West Texas Intermediate was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% on Thursday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session.

Oil Drops As US Election Uncertainty Dominates Markets

BW Online Bureau

Energy & Infra Oil and Gas

Brent crude fell 33 cents, or 0.8%, to $40.90 a barrel by 0927 GMT and U.S. West Texas Intermediate (WTI) crude was down 39 cents, or 1%, at $38.76. Both contracts had jumped around 4% on Wednesday.

Oil Down 1% As US Dollar Firms On Bets Of Split White House, Senate

BW Online Bureau

Energy & Infra Oil and Gas

US West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel.

Saudi Aramco Third-Quarter Profit Slumps 44.6% As Pandemic Chokes Demand

BW Online Bureau

Energy & Infra Oil and Gas

The company said it would distribute a dividend of $18.75 billion for the third quarter of this year, in line with its plan to pay a base dividend of $75 billion for 2020.

Chevron, Exxon Shrink Spending As Coronavirus Cuts Demand

BW Online Bureau

Energy & Infra Ports

Exxon shares were down 1% to $32.62 on Friday. Chevron shares gained 1% to $69.50. Exxon shares have lost half of their value this year; Chevron's are down 40%.