oil

Saudi Aramco Q1 profits jump 30% on oil market recovery

RIYADH, Saudi Arabia (AFP) -- Energy giant Saudi Aramco on Tuesday posted a 30 percent jump in first quarter profits,…

12 die, dozens of houses burnt in Nigeria fuel tanker fire

LAGOS, Nigeria (AFP) -- Twelve people were killed and dozens of houses burnt when a fuel tanker overturned, spilled its…

Renewed lockdowns send oil prices tumbling

NEW YORK, United States (AFP) -- Oil prices nosedived Tuesday on lower demand prospects as Europe's biggest economy Germany said…

UK top court allows Nigeria spill claims against Shell

by Callum PATON Agence France-Presse LONDON, United Kingdom (AFP) — Britain's Supreme Court ruled on Friday that more than 40,000…

Oil majors suffer massive losses in 2020

by Julien MIVIELLE Agence France-Presse PARIS, France (AFP) — Already under pressure due to climate change, the world's top listed…

US leases long-sought Alaska oil rights in Trump’s final days

NEW YORK, United States (AFP) — US President Donald Trump's administration auctioned off 11 oil leases in the Alaska National…

US extends Iraq sanctions waiver for further 3 months

BAGHDAD, Iraq (AFP) — The US has granted Iraq a three-month extension to a sanctions waiver allowing it to import…

ExxonMobil pledges emissions cut as investor campaign targets board

NEW YORK, New York (AFP) — ExxonMobil announced Monday it will reduce its emissions over the next five years bowing…

Namibia defends drilling in unique biodiversity site

WINDHOEK, Namibia (AFP) — Namibia's environment minister on Thursday defended a decision to allow oil and gas drilling in a biodiversity…

Trump administration to seek bids on Arctic oil leases

NEW YORK, New York (AFP) — The Trump administration on Monday invited oil companies to choose proposed drilling territories as…

Oil exploration up in the air as prices dive

by Benoît PELEGRIN Agence France-Presse The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to…

Has global oil demand hit peak? BP says it’s possible

by Jean-Baptiste OUBRIER Agence France-Presse LONDON, United Kingdom (AFP) — Global oil demand might have already peaked and will likely…

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