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Maha Energy AB Announces Filing of First Quarter Report & Live Webcast

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                              Press releaseStockholm22 May 2019                                                    Maha Energy AB Announces Filing of First Quarter Report & Live Webcast Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce its first quarter results. The report is attached to this press release and available on the Company’s website at www.mahaenergy.ca First Quarter 2019 Read More

Oil little changed as U.S.-Iran dispute supports, trade war weighs

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NEW YORK (Reuters) – Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., Read More

Interim results for the period ended 31 March 2019

6 hours ago DieselGasoil Comments Off on Interim results for the period ended 31 March 2019
Highlights Gross contract earnings backlog1 increased from $7.3 billion to $10.3 billion. Golar’s (“Golar” or “the Company”) total operating revenues decreased from $181.9 million in 4Q 2018 to $114.3 million in 1Q 2019. Adjusted EBITDA1decreased from $121.2 million in 4Q 2018 to $62.9 million in 1Q 2019. After recognition of $28.4 million of unrealized Brent oil Read More

Russia open to relaxing OPEC+ cuts as Saudis urge restraint

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By Annmarie Hordern and Dina Khrennikova on 5/20/2019 Photo: Russian Energy Minister Alexander Novak. LONDON and MOSCOW (Bloomberg) — From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end. “One of Read More

Oil rises on Middle East tensions & key crude producers’ reluctance to raise output

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Crude prices rallied on Monday, hitting multi-week highs amid geopolitical tensions, as Saudi Arabia and fellow oil suppliers signaled that they might keep output cuts after the OPEC+ deal expires. Brent crude futures enjoyed a positive start to the week and rose 1.3 percent to $73.11 per barrel at 08:11am GMT, having earlier reached $73.39, Read More

Oil traders try to ship dirty Russian crude to Asia

2 days ago DieselGasoil Comments Off on Oil traders try to ship dirty Russian crude to Asia
SINGAPORE/MOSCOW (Reuters) – Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Read More

Greenpeace activists block BP London HQ demanding end to oil exploration

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LONDON (Reuters) – Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace activists scale the BP headquarters after installing barricades, made of containers, blocking the entrance at St James Square, London, Britain Read More

Greenpeace activists block entrance to BP headquarters demanding an end of oil exploration

2 days ago DieselGasoil Comments Off on Greenpeace activists block entrance to BP headquarters demanding an end of oil exploration
Greenpeace activists scale the BP headquarters after installing barricades, made of containers, blocking the entrance at St James Square, London, Britain May 20, 2019. Jiri Rezac/Greenpeace/Handout via REUTERS LONDON (Reuters) – Greenpeace activists blocked the entrance to BP headquarters in London on Monday, demanding one of the world’s biggest energy companies ends all new oil Read More

Saudi Arabia says oil producers want to reduce inventories

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JEDDAH, Saudi Arabia (Reuters) – Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before Read More