BUENOS AIRES (Reuters) -Drilling and fracking activity in Argentina's Vaca Muerta, the world's fourth-largest unconventional oil reserve, is plateauing due to lower oil prices and rising costs, a ...

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Kazakhstan to Raise Crude Oil Supply to Germany in 2026

Kazakhstan will increase its crude oil exports to Germany’s Schwedt refinery next year after extending its supply deal with Rosneft Deutschland.

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Significant petrol price cut could be on the cards for November as oil prices fall

Motorists may benefit from significant petrol price cuts in November, thanks to falling international oil prices and a stronger rand. Early data suggests reductions of up to 70 cents per litre could ...

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China to Build 11 New Oil Storage Sites in 2 Years

China is rapidly expanding its oil storage capacity, adding 11 new sites totaling 169 million barrels as it takes advantage of cheap crude and sanctions discounts.

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Oil price fall turns up the heat on Big Oil's bloated payouts

PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, ...

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