[ad_1] LONDON (Reuters) – Iran has been unable to obtain tens of billions of dollars of its assets in foreign banks, mainly from exports of oil and gas, due to…
Tag: Refined Products
Total cuts investment target, keeps dividend amid pandemic
[ad_1] PARIS (Reuters) – Total TOTF.PA trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its…
Italy’s Edison sells Norway upstream assets to focus on energy transition
[ad_1] MILAN (Reuters) – Italy’s Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of…
Russia halts oil to Belarus, but transit to Europe still flowing
[ad_1] By Andrei Makhovsky, Olga Yagova MINSK/MOSCOW (Reuters) – Russia has halted oil supplies to refineries in Belarus, the Belarusian state energy firm said on Friday, amid a new contract…
Oil prices steady as market awaits clarity on OPEC+ output cuts
[ad_1] NEW YORK (Reuters) – Oil prices were little changed in choppy trade on Thursday as investors awaited a decision from top crude producers on whether to extend record output…
Phillips 66 posts smaller-than-feared loss on retail improvement
[ad_1] FILE PHOTO: A Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – U.S. refiner Phillips 66 PSX.N reported a smaller-than-expected quarterly loss on…
Poland’s PKN Orlen to shift to clean energy from oil refining
[ad_1] WARSAW (Reuters) – Poland’s biggest oil refiner PKN Orlen expects to invest around 140 billion zlotys (28.13 billion pounds) over the next 10 years as it shifts to clean…
Iran says reaches understanding with Iraq to develop two oilfields
[ad_1] GENEVA (Reuters) – Iran and Iraq have reached an understanding about developing two oilfields on their mutual border, Iran’s oil minister was quoted saying on Sunday, a day after…
HSBC alleges Zenrock sought multiple loans for same oil cargo – court document
[ad_1] By Roslan Khasawneh, Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings PLC HSBA.L has alleged that Singapore-based Zenrock Commodities Trading Pte Ltd engaged in a series of “highly dishonest transactions”…
Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar
[ad_1] NEW YORK (Reuters) – Oil prices slumped on Monday, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving…