The first MoU focused on the expansion of Eni and SOCAR’s cooperation on oil and gas exploration and production, with the aim of strengthening the energy security of Europe, and Italy in particular. A second MoU envisages the cooperation of Eni and SOCAR to reduce greenhouse gas emissions and improve energy efficiency in the upstream...Continue Reading

Oil Giants Evacuate Gulf of Mexico Platforms Ahead of Developing Hurricane | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Sep 09, 2024, 11:30 AM CDT Oil and gas giants Chevron Corp. (NYSE:CVX), Exxon Mobil Corp. (NYSE:XOM) and Shell...Continue Reading

China’s Energy Transition Is Slowing Its Oil Demand Growth | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 09, 2024, 10:30 AM CDT China’s oil demand growth has been slowing down due to weaker economic performance and a shift to electric vehicles and LNG-fueled trucks,...Continue Reading

Libyan Oil Shutdown Pushes Up U.S. Grades | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Sep 09, 2024, 10:18 AM CDT The Libya supply outage is propping up several light crude oil grades. U.S. WTI Midland crude could...Continue Reading

Gunvor Expands Its Crude Oil Trading With U.S. Volumes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 09, 2024, 9:30 AM CDT Gunvor Group, one of the world’s biggest independent oil traders, traded a record volume of crude oil and petroleum products in the...Continue Reading

Oil Trading Giant Trafigura Sees Brent Falling Below $70 Soon | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Sep 09, 2024, 8:51 AM CDT Trafigura expects Brent oil prices to fall into the $60 per barrel range in the near future, although warns traders to...Continue Reading

World’s Top Oil Trader Sees China’s Gasoline Demand Peaking by 2025 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Sep 09, 2024, 8:30 AM CDT China’s gradual shift toward electric...Continue Reading

Indonesia Still Awaits $20 Billion G7 Funding to Shift Away From Coal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Sep 09, 2024, 7:30 AM CDT Indonesia, the largest economy...Continue Reading

Morgan Stanley Slashes Its Oil Price Forecast Again | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Sep 09, 2024, 5:48 AM CDT Just two weeks after lowering its Brent oil...Continue Reading

Iraq Rejects U.S. Accusations of Enabling Iran Oil Smuggling | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 09, 2024, 4:55 AM CDT Iraq has rejected allegations made by U.S. Congressmen that it was helping Iran evade U.S. sanctions by channeling some of its oil...Continue Reading