oil industry
The Latest
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Saudi Arabia Mulls Aramco Stake Sale Of A 1% Stake To Asian Investor
Saudi Aramco is likely to sell its 1% stake to bolster its presence in its largest market, Asia. 
Saudi Aramco is likely to sell its 1% stake to bolster its presence in its largest market, Asia. -
Goldman Sachs Doubles Down On Bullish Call On Oil Prices This Summer
Goldman Sachs said oil prices will reach up to $80 per barrel this summer. 
Goldman Sachs said oil prices will reach up to $80 per barrel this summer. -
OPEC Agrees To Increase Oil Production Starting January
OPEC, Russia and Mexico have agreed to relax production cuts starting January despite still-low world demand. 
OPEC, Russia and Mexico have agreed to relax production cuts starting January despite still-low world demand. -
Gas For Less: U.S. Prices Hit Low On Labor Day
Gas prices at several states remained at below $2 per gallon, while the national average dropped to around $2.19 per gallon for regular gas. 
Gas prices at several states remained at below $2 per gallon, while the national average dropped to around $2.19 per gallon for regular gas. -
Sinopec Posts First H1 Loss Since 2000 Hong Kong Debut
Sinopec reported a total net loss of around 21.7 billion yuan for the first half of 2020, its first-ever loss since it listed in Hong Kong in 2000. 
Sinopec reported a total net loss of around 21.7 billion yuan for the first half of 2020, its first-ever loss since it listed in Hong Kong in 2000. -
Chevron To Acquire Noble Energy In $5 Billion All-Stock Deal
Chevron has agreed to buy the hydrocarbon exploration firm Noble Energy in an all-stock deal valued at $5 billion. 
Chevron has agreed to buy the hydrocarbon exploration firm Noble Energy in an all-stock deal valued at $5 billion. -
BP Exits Petrochemical Business Through $5 Billion Deal
BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. 
BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. -
Chinese Oil Firm MIE Holdings Defaults On Bond Worth $248 Million
Even after it was given a 30-day grace period, MIE Holdings was no longer able to make interest payments due to a lack of liquidity caused by the global oil price crash. 
Even after it was given a 30-day grace period, MIE Holdings was no longer able to make interest payments due to a lack of liquidity caused by the global oil price crash. -
Trump Administration Orders Chevron To Halt Venezuelan Oil Production
The Trump administration issued an order asking Chevron to wind-down its operations in Venezuela by December. 
The Trump administration issued an order asking Chevron to wind-down its operations in Venezuela by December. -
Historic OPEC Deal Puts An End To Global Oil Price War
OPEC, Russia, and other major oil producers have agreed to cut production as part of the historic deal. 
OPEC, Russia, and other major oil producers have agreed to cut production as part of the historic deal.
