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    Gibraltar detains ship suspected of delivering oil to Syria: Official

    04 Jul 2019

    Gibraltar’s police and coastguard, aided by British Royal Marines, detained a supertanker on Thursday suspecting of carrying crude oil to Syria in violation of sanctions, the territory’s Chief Minister Fabian Picardo said.

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    28 Aug 2019

    LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests

    Oil at four-month record peak, shares dip after Saudi supply hit

    16 Sep 2019

    Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fuelled worries over the impact of an oil shock on economic growth, halting a positive run in world stocks and bolstering demand for safe-haven assets.

    VIDEO: UAE ranks sixth globally in oil and gas reserves

    05 Nov 2019

    The UAE has a total of 105 billion stock tank barrels of recoverable oil and 273 trillion standard cubic feet of conventional gas.

    India’s crude oil imports are lacklustre, joining coal, LNG

    12 Aug 2019

    India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.

    Rosneft’s daily production falls after restrictions from operator

    21 Aug 2019

    Rosneft’s daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said, mainly because of restrictions introduced by pipeline operator Transneft after an oil contamination scandal. The world’s biggest listed oil company by output said its oil production averaged 4.62 million barrels per day (bpd)

    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said

    Oil plunges to 2002 lows, shares sink again

    30 Mar 2020

    Brent slumped to $22.5 a barrel leaving it down 65% for the year and hammering petro currencies such as Russia's rouble, Mexico's peso and the Indonesian rupiah by as much as 2%.

    US oil price plunges to zero as demand collapses; stocks dip

    20 Apr 2020

    Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it.

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