Friday, September 27, 2024
India's Reliance says purchases of Venezuelan oil have been approved by the U.S.- oil and gas 360

India’s Reliance says purchases of Venezuelan oil have been approved by the U.S.

Reuters NEW DELHI – India’s refining firm Reliance Industries (RELI.NS) on Thursday said its purchases of Venezuelan crude have been reported and approved by the U.S. government after American officials warned oil firms about their activity in Venezuela a day earlier.   The United States on Wednesday said oil companies, including Reliance, Russia’s Rosneft (ROSN.MM), Spain’s Repsol (REP.MC) and U.S.-based

Saudis slash oil prices in Asia as virus causes demand shock- oil and gas 360

Saudis slash oil prices in Asia as virus causes demand shock

Houston Chronicle Saudi Arabia’s state oil company made deep cuts to the price of crude it sells to Asia, where an outbreak of the coronavirus has caused a slump in demand. Saudi Aramco lowered most of its official selling price differentials for the crude varieties it sells in the world’s largest consuming region, effectively making them cheaper. One exception was

Guyana backs Exxon deal, slams ‘malicious’ NGO study- oil and gas 360

Guyana backs Exxon deal, slams ‘malicious’ NGO study

Houston Chronicle Guyana vigorously defended its oil contract with Exxon Mobil Corp. after the deal was criticized by human-rights group Global Witness just a month before the country holds a general election. The report faulted “inexperienced” government officials for failing to press for better terms when the contract came up for renegotiation in 2016, the year after Exxon made a

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