International

Syria fuel crisis eases as Iran delivers new oil supplies

Iran has delivered several gasoline and crude oil shipments to Syria, easing a near two-month gasoline shortage aggravated by tougher U.S. sanctions, shippers, port officials and traders said.

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Alberta Ends OPEC-Style Curbs After Oil Sands Production Drops

Alberta’s two-year experiment with OPEC-style crude production curbs is coming to an end after a Covid-driven collapse in demand led the Canadian province’s battered oil-sands industry to idle more output than required.

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BP Is Said to Mull Sale of Stake in Constellation Oilfield

BP Plc is weighing a sale of its majority stake in the Constellation oilfield in the Gulf of Mexico, according to people familiar with the matter, as it pushes ahead with a divestment program.

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Saudi crown prince calls for global collaboration to unlock benefits of AI for all

As the world faces unprecedented challenges as a result of the COVID-19 pandemic, this year offers the perfect opportunity to test the potential of artificial intelligence, according to Saudi Arabia’s Crown Prince Mohammed bin Salman.

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Israel and UAE Open Talks Over Top-Secret Oil Pipeline

Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.

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TOTAL Delivers Its First Carbon Neutral LNG Cargo

Total has delivered its first shipment of carbon neutral liquefied natural gas (LNG) to the Chinese National Offshore Oil Corporation (CNOOC).

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ConocoPhillips to buy Concho Resources for $9.7 billion in 2020 top shale deal

ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand.

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Oil prices decline after China economic data disappoints

Oil prices fell on Monday after reports that China’s third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world’s largest oil importer.

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