The deal consists of Shell’s interest in 13 onshore concessions and in Badr El-Din Petroleum Co. The U.K.’s Cairn, together with Cairo-based Cheiron Petroleum Corp., will buy the assets for $646 million and make additional payments of as much as $280 million by 2024, “contingent on the oil price and the results of further exploration.”...Continue Reading

Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert. SourceContinue Reading

$70 Oil May Cause Slowdown In Demand Recovery | 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 Premium Content By Tsvetana Paraskova – Mar 08, 2021, 7:00 PM CST While the unexpected rollover of the OPEC+ production...Continue Reading

U.S. Oil Refineries Still Down And Out After Freeze | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 08, 2021, 6:30 PM CST Just seven U.S. oil refineries out of the...Continue Reading

String Of LNG Deals Moves Qatar Closer To China | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Mar 08, 2021, 6:00 PM CST The world’s top...Continue Reading

U.S. Sells 10 Million Barrels Of Oil From Strategic Petroleum Reserve | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 08, 2021, 5:30 PM CST The U.S. Department of Energy has awarded contracts for the sale of 10.1 million barrels of crude oil from the...Continue Reading

Tesla Faces Heavy Competition In Booming EV Market | 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 – Mar 08, 2021, 5:00 PM CST After years of sheer dominance, signs are now emerging that the most popular EV name could...Continue Reading

Oil Trading Is Bigger Contributor To Switzerland’s GDP Than Tourism | 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 – Mar 08, 2021, 4:30 PM CST Oil and other commodity trading have...Continue Reading

Energy Transition Leads To Higher Oil Prices, Metals Shortage | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Mar 08, 2021, 4:00 PM CST Three billion tons: this is how much metals and...Continue Reading

Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. SourceContinue Reading