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oil and gas

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Image for BP cuts renewable investment and boosts oil and gas in strategy shift
Finance

BP cuts renewable investment and boosts oil and gas in strategy shift

(Reuters) - BP said on Wednesday it would increase annual oil and gas investment to $10 billion, ret...

26th February, 2025

Image for Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom
Finance

Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom

BELGRADE (Reuters) - Serbia is shoring up its crude oil and fuel reserves as the country presses on...

26th February, 2025

Image for Oil falls, settles at 2-month low as US fuel inventories rise
Finance

Oil falls, settles at 2-month low as US fuel inventories rise

By Shariq Khan and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose marginally on Wednesday, bouncin...

26th February, 2025

Image for Ukraine says it hit Russian oil refinery, Moscow says it downs 83 drones in southern region
Finance

Ukraine says it hit Russian oil refinery, Moscow says it downs 83 drones in southern region

(Reuters) - Ukraine launched an overnight drone attack on Russia's southern Krasnodar region, damagi...

26th February, 2025

Image for Oil edges up after US stockpiles report helps offset worries on rising supply
Finance

Oil edges up after US stockpiles report helps offset worries on rising supply

By Shariq Khan (Reuters) - Oil prices climbed in early Asian trading hours on Wednesday, bouncing of...

26th February, 2025

Image for Russia says its fuel reserves are ample
Finance

Russia says its fuel reserves are ample

MOSCOW (Reuters) - The Russian fuel market is balanced, while stockpiles of gasoline and diesel have...

25th February, 2025

Image for Iraq, BP agree to develop four Kirkuk fields
Headlines

Iraq, BP agree to develop four Kirkuk fields

DUBAI (Reuters) - Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, I...

25th February, 2025

Image for Nigeria's NNPC, Stena Bulk and Caverton launch new shipping venture
Finance

Nigeria's NNPC, Stena Bulk and Caverton launch new shipping venture

By Isaac Anyaogu LAGOS (Reuters) - Nigeria's state oil firm NNPC on Tuesday announced a joint ventur...

25th February, 2025

Image for Exclusive-Trinidad to seek US extension for Shell's gas project in Venezuela
Headlines

Exclusive-Trinidad to seek US extension for Shell's gas project in Venezuela

By Marianna Parraga and Curtis Williams HOUSTON/PORT OF SPAIN (Reuters) - Trinidad and Tobago plans...

25th February, 2025

Image for Oil prices fall 2% to two-month low on worries about US economy
Finance

Oil prices fall 2% to two-month low on worries about US economy

By Colleen Howe BEIJING (Reuters) - Oil prices rose for a second day on Tuesday as the U.S. imposed...

25th February, 2025

Image for Russia's Ryazan oil refinery halts operations after drone strike, sources say
Headlines

Russia's Ryazan oil refinery halts operations after drone strike, sources say

MOSCOW (Reuters) - Russia's Ryazan oil refinery has suspended operations after an attack by Ukrainia...

24th February, 2025

Image for Exclusive-BP to ditch renewables goals and return focus to fossil fuels
Finance

Exclusive-BP to ditch renewables goals and return focus to fossil fuels

By Arunima Kumar and Anousha Sakoui (Reuters) - BP's chief executive will scrap a target to increase...

24th February, 2025