oil-and-gas
Oil Falls, Settles at 2-month Low as US Fuel Inventories Rise
FinanceUkraine Says It Hit Russian Oil Refinery, Moscow Says It Downs 83 Drones in Southern Region
Oil Edges up After US Stockpiles Report Helps Offset Worries on Rising Supply
Russia Says Its Fuel Reserves Are Ample
Iraq, Bp Agree to Develop Four Kirkuk Fields
Date: February 25, 2025
DUBAI (Reuters) - Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday. The deal marks a breakthrough for Iraq, where output...
Nigeria's Nnpc, Stena Bulk and Caverton Launch New Shipping Venture
Date: February 25, 2025
By Isaac Anyaogu LAGOS (Reuters) - Nigeria's state oil firm NNPC on Tuesday announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to...
Exclusive-Trinidad to Seek US Extension for Shell's Gas Project in Venezuela
Date: February 25, 2025
By Marianna Parraga and Curtis Williams HOUSTON/PORT OF SPAIN (Reuters) - Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's...
Oil Prices Fall 2% to Two-Month Low on Worries About US Economy
Date: February 25, 2025
By Colleen Howe BEIJING (Reuters) - Oil prices rose for a second day on Tuesday as the U.S. imposed fresh sanctions on Middle Eastern producer Iran that increased concerns supply might tighten. Brent...
Russia's Ryazan Oil Refinery Halts Operations After Drone Strike, Sources Say
Date: February 24, 2025
MOSCOW (Reuters) - Russia's Ryazan oil refinery has suspended operations after an attack by Ukrainian drones on Monday, three industry sources told Reuters. The main crude distillation unit at the...
Exclusive-BP to Ditch Renewables Goals and Return Focus to Fossil Fuels
Date: February 24, 2025
By Arunima Kumar and Anousha Sakoui (Reuters) - BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy...