Latest News for: Oil industry

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Oil companies demand payment of Rs90bn dues

Dawn 15 May 2024
Strugg­ling to compete with a large influx of smuggled products, the oil industry has asked the government to expedite the clearance of over Rs90 billion stuck in foreign exchange adjustment and tax refunds to ease its liquidity challenges.
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Crude oil rises as industry data indicate US inventory decline

Business Line 15 May 2024
Crude oil futures traded higher on Wednesday morning as the industry data showed decline in oil inventories in the US ... Crude oil ...
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Commissioner Buckingham enlists the State of Texas to sue Biden over job-crushing power plant rules

San Saba News 15 May 2024
“This move by the Biden Administration is more than concerning – it has the power to potentially decimate Texas’ robust oil and gas industry and rob Texas schoolchildren of billions of dollars in education funding,” said Commissioner Buckingham.
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Democrats opening investigation into Trump oil meeting

Arkansas Democrat-Gazette 15 May 2024
They also fired off a missive to the head of the American Petroleum Institute, the oil industry's top lobbying arm in Washington ... Politico reported that oil industry lawyers and lobbyists have drawn up ...
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MOL’s New Complex Could Put Hungary at the Forefront of the Chemical Industry

Hungary Today 15 May 2024
The Prime Minister, who attended the inauguration ceremony, promised the establishment of the most advanced industries in Hungary. This is the largest organic investment ever made by the Hungarian multinational oil and gas company.
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House Dems Demand Answers from Oil Execs About Deal with Trump

WhoWhatWhy 15 May 2024
oil industry is drawing up ready-to-sign executive orders for Donald Trump aimed at pushing natural gas exports, cutting drilling costs and increasing offshore oil leases in case he wins a second term,’” Raskin wrote.
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Again, Komolafe Promises to Conduct Fair, Transparent Oil Bid Round

This Day 15 May 2024
... for 19 oil blocks ... “ The oil and gas industry in Nigeria has embraced the reality of energy transition and is taking strategic position to leverage on the opportunities presented by the unfolding era.
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Oil prices rise as US summer driving season approaches

Business Day 15 May 2024
Singapore — Oil ... A large wildfire is approaching Fort McMurray, the hub for Canada’s oil sands industry that produces 3.3-million barrels per day of crude, or two-thirds of the country’s total output.
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Volcker's vaulting interest rate onto high gear

The Manila Times 15 May 2024
When energy prices (or — more precisely — oil prices, as nuclear and other renewable energies, were still in their infancy then) rise, the operating costs for businesses and industries increase correspondingly.
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Invest in African Energy (IAE) 2024 Kicks Off in Paris, African Producers Move Toward Just Energy...

Business Ghana 15 May 2024
Underscoring Africa’s long-term growth prospects and key drivers of oil demand, OPEC Secretary General Haitham Al-Ghais affirmed OPEC’s commitment to driving Africa’s oil industry ...
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Iraq's latest oil bid round will draw China closer, analysts say

The National 15 May 2024
“With its huge investments in Iraq’s oil industry, China establishes a huge new source of oil for its economy. Moreover, it will do its utmost to prevent American oil majors from returning to Iraq,” said Mamdouh Salameh, an oil economist.
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Wildfire Prompts Partial Evacuation of Canada’s Oil-Sands Capital

Live Mint 15 May 2024
(Bloomberg) -- Portions of Fort McMurray, Alberta, are being evacuated as a wildfire approaches the city, the unofficial capital of Canada’s oil-sands industry that almost burned to the ground during a historic blaze eight years ago.
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Canada's oil hub threatened by wildfire, sparking large evacuations

Beijing News 15 May 2024
... in more than a million barrels per day of oil output ... Fort McMurray is the hub for Canada's oil sands industry, which produces roughly 3.3 million barrels per day, two-thirds of Canada's total output.
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UTPB's College Of Education Publishes Her First Children's Book

MENA FN 15 May 2024
(MENAFN - EIN Presswire) This book introduces readers to various careers in the oil field, shedding light on the diverse roles and responsibilities within the industry.– - Dr. WilsonODESSA, ... .
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