Who will fund Rosneft’s $157bn mega oil project?
Businessam Staff
December 11, 2019
The head of Russia’s largest oil firm, Rosneft, has pitched a massive Arctic oil project to Japanese companies in Tokyo, looking for
Surprise crude oil build threatens oil rally
Businessam StaffDecember 11, 2019
The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending December
Russian oil major returns to Libya after 5 year break
Businessam StaffDecember 10, 2019
The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North African
Oil set for big weekly gains as OPEC+ agrees on deeper output cuts
Businessam StaffDecember 6, 2019
Oil prices rose on Friday and were on track for weekly gains as a meeting of OPEC and its allies agreed to deepen output cuts by
Saudi Aramco targets top end valuation of $1.7trn
Businessam StaffDecember 4, 2019
Saudi Arabia’s oil giant Aramco is assessing setting the final offer price of its initial public offering at the top of the indicative
Oil prices to average $62.50 in 2020 as oversupply to persist
Businessam StaffNovember 29, 2019
Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply in the market
Oil prices gain 2% despite rising supplies concerns
Businessam StaffNovember 15, 2019
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries
OPEC, allies face ‘major challenge’ from competitors’ surging output- IEA
Businessam StaffNovember 15, 2019
The Organization of the Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy
US – China trade war sees oil price slip again
Businessam StaffNovember 8, 2019
The continued trade war between the world two trade giants; US and China on Friday saw crude oil futures fall amid lingering
NNPC saves over $3bn from arbitration
Businessam Staff, Mudashir TundeNovember 6, 2019
By Moses Obajemu The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, Mele Kyari, the oil firm’s group