crude oil
The refinery will be converted to a fuel import terminal while the oil giant is also exploring options for a clean energy hub
As part of a new agreement with the US, India discussed the possibility of storing oil in the American emergency stockpile
The rusting FSO SAFER oil tanker has 1.14 million barrels of crude oil on board
Changes in Brent crude oil prices, along with the appreciation of the national currency against the dollar has informed the decision – applicable from June 3, 2020
US oil prices turning negative for the first time in history means some producers were paying customers to take oil off their hands
It has initially bought 30 million crude oil barrels to place in its Strategic Petroleum Reserve
US oil giant said it would “continue to execute” plans to reduce operating costs by more than $1bn by the end of the year
The Energy Information Administration forecasts Brent crude oil spot price will average $65 per barrel in 2020 and $68 per barrel in 2021
Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration
The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline
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