OIL

ExxonMobil Digs Deeper into Shale with $60 Billion Pioneer Purchase!

ExxonMobil, a giant in the oil industry, has struck a deal to acquire Pioneer Natural Resources, a major shale oil…

1 year ago

Shell Ads Axed Over Misleading Clean Energy Claims

Oil and gas titan Shell has faced a ban on some of its advertisements due to misleading claims about the…

1 year ago

Oil Prices Bounce Back as Saudi Arabia Announces Major Output Cuts

Oil prices have shot upwards following Saudi Arabia's announcement to cut oil production by a million barrels per day (bpd)…

1 year ago

Filipino drivers to receive fuel subsidies as oil prices rise

Filipino drivers to receive fuel subsidies as oil prices rise [...]

3 years ago

World’s major economies to release oil reserves to lower soaring oil prices

In an attempt to lower the price of oil the US is leading an international effort of other major economies…

3 years ago

Saudi Aramco profits increase by almost 300%

Saudi Aramco, a state-owned energy company in Saudi Arabia and the world’s most valuable company, has seen year-on-year profits almost…

3 years ago

VAT to be tripled in Saudi Arabia to 15%

Saudi Arabia, the second largest oil producing nation in the world, has for the last few years been trying desperately…

5 years ago

Oil prices go negative in the US – how and why?

Since the outbreak of the coronavirus in January this year, there have been numerous economic events which have been simply…

5 years ago

Global oil production to drop by 10% as OPEC agrees on an historic deal

The market for oil could be set to rebound following the announcement from OPEC that a deal had been reached…

5 years ago

Petrol prices plummeting towards £1 per litre as the price war for oil continues and drivers stay off the roads

The cost of petrol in the UK is nearing £1 for the first time in four years. This is the…

5 years ago

Crude Oil takes a 30% dive as Saudi Arabia gears up for a price war

The world awoke to the largest drop in oil prices in 29 years today as Saudi Arabia, the world’s second…

5 years ago

Oil prices make a 2% comeback after a 5-day slump

After 5-days of significant loss, oil prices made a comeback on Wednesday with prices increasing by just over 2%. Reports…

5 years ago