Oil Muted As Price Cap Proposal Eases Supply Concerns

Oil Muted As Price Cap Proposal Eases Supply Concerns

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much...
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OPEC Oil Output Undershoots Target

OPEC Oil Output Undershoots Target

Increase in the Organization of Petroleum Exporting Countries (OPEC) oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as gl...
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ExxonMobil India Gets New CEO

ExxonMobil India Gets New CEO

ExxonMobil India has appointed Monte Dobson as Chief Executive Officer and lead country manager, succeeding Bill Davis.As lead country manager, Dobson will be responsible for ExxonMobil subsidiaries in India, the company said in a statement.“India&#8...
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Crude Oil Prices Slide Over Higher Output, Others

Crude Oil Prices Slide Over Higher Output, Others

Oil prices fell by more than $1 on Monday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC&n...
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Shell MD Seeks Multilateral Approach In Oil, Gas Sector

Shell MD Seeks Multilateral Approach In Oil, Gas Sector

Managing Director, Shell Petroleum Development Company (SPDC) of Nigeria,  Mr Osagie Okunbor, has called for a multilateral approach towards efficient oil and gas sector in Nigeria.  Okunbor made the call on Thursday in Abuja, at the “Soc...
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