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(Reuters) Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned. OPEC and non-OPEC allies,...

New oil producer Guyana is being urged to avoid sanctions from the international community over its March 2 elections at all cost since such measures could have far-reaching effects that would be damaging to the country’s growth and development. Several...

(AlJazeera) Queues of tankers have formed off China's busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand. Two dozen or more crude-laden tankers are...

Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some...

The United States Department of Treasury’s Office of Foreign Assets Control on Monday June 2, 2020, designated four companies for operating in the oil sector of the Venezuelan economy. Additionally, OFAC identified four vessels as blocked property. “Department of Treasury...

SBM Offshore is looking to fill several more positions for its activities in Guyana where it operates the Liza Destiny Floating Production Storage and Offloading (FPSO) oil production complex at the Stabroek Block. The company said in a new advertisement...

(AJazeera) Iran has said it will continue fuel shipments to Venezuela if Caracas requests more supplies, despite criticism from the United States of trade between the two nations, both under US sanctions. "Iran practices its free trade rights with Venezuela,...

Steve Greenlee, President of ExxonMobil Upstream Business Development Company, has elected to retire on July 1 after more than 38 years of service. Exxon Mobil Corporation said Monday its board of directors has appointed Linda DuCharme as president of ExxonMobil...

Qatar Petroleum said on Monday it has entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea to be utilized for Qatar Petroleum’s future LNG carrier fleet requirements, including those for the ongoing expansion...

(Bloomberg) The oil market took an initially neutral view on OPEC+ deliberations that could result in the producers group announcing a short extension to unprecedented output curbs. Futures in New York were virtually unchanged near $35 a barrel. The Organization of Petroleum...