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The US Energy Information Administration (EIA) has reported that it expects oil production in the seven major shale oil basins to drop from 8.019 million barrels per day (bpd) this month to 7.822 million bpd…

Bernard Looney, the CEO of BP since February, has emphasised that he expects to proceed with the company’s plan for net-zero emissions despite the challenges the COVID-19 crisis has posed, with BP even reporting a…

Valvoline, the maker of leading lubricants like commercial vehicle oil, has launched a new social media campaign to allow people in

Dan Brouillette, who has been Donald Trump’s energy secretary since December last year, has expressed confidence that the oil sector will soon bounce back from the recent extensive losses. The ongoing coronavirus pandemic

Despite the lack of any formal agreement, analysis from Reuters suggests that US oil producers will cut output by

With the ongoing pandemic ruling out traditional expos and conferences, Reuters Events has decided to organise Downstream 2020 as

With a gradual easing in lockdown restrictions around the world, the stock prices of Shell and BP increased last Tuesday, May 5 as

Some the big oil companies are beginning to notice a fledgling recovery in China as demand increases for oil and refined products. Strict

The oil industry may be facing tough times at the moment, with the COVID-19 pandemic causing a drop in both price and demand, but oil companies like

With storage apparently running out in the US, some oil companies have started sending oil to the Strategic Petroleum Reserve (SPR) following an agreement with the

While reduced demand and low prices remain a problem in the oil industry, Shell has confirmed that the Cambo discovery to the west of Shetland is still an

The new agreement by the OPEC+ group of oil-producing countries is set to take effect on May 1, but l-Arabja Sawdija has already begun implementing