Europe / Middle East / Africa (Energy)

Factbox: Oil refiners shut plants as demand losses seen continuing

Factbox: Oil refiners shut plants as demand losses seen continuing

Published 17/08/2020

(Reuters) - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for [more…]

BP’s green energy targets will be tough to meet

BP’s green energy targets will be tough to meet

Published 10/08/2020

LONDON (Reuters) - BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns [more…]

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Saudi King Salman, 84, admitted to hospital

Saudi King Salman, 84, admitted to hospital

Published 20/07/2020

RIYADH (Reuters) - Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the [more…]

UAE wants to see a return of Libya’s oil production with safeguards: minister

UAE wants to see a return of Libya’s oil production with safeguards: minister

Published 13/07/2020

DUBAI (Reuters) - The United Arab Emirates wants to see a return of Libya’s oil production as soon as possible but with safeguards in place [more…]

Vitol’s former CEO Ian Taylor dies after cancer battle: sources

Vitol’s former CEO Ian Taylor dies after cancer battle: sources

Published 09/06/2020

LONDON (Reuters) - Vitol’s former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo [more…]

U.S. overtakes China as most attractive country for renewables investment: research

U.S. overtakes China as most attractive country for renewables investment: research

Published 19/05/2020

LONDON (Reuters) - The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy [more…]

In oil market sunk by coronavirus, giant output cuts make ripple, not big waves

In oil market sunk by coronavirus, giant output cuts make ripple, not big waves

Published 13/04/2020

SINGAPORE (Reuters) - Minimal oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb [more…]

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Iraqi oil minister says big oil cut deal will help to stabilize oil market

Published 12/04/2020

CAIRO (Reuters) - Iraq’s oil minister said late on Sunday that the big oil cut deal reached at an OPEC+ meeting would help stabilize the [more…]

Oil prices decline $3 a barrel as market remains uncertain on supply outlook

Oil prices decline $3 a barrel as market remains uncertain on supply outlook

Published 05/04/2020

NEW YORK (Reuters) - Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday’s trading session, reflecting [more…]