All articles by Hemanth Kumar

1. Oil prices soar on doubts over Saudi crude supply

   Oil prices have gained more than 1% on doubts over how quickly Saudi Arabia can get back to full crude…
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   23 Sep
2. Premier Oil initiates sale of interest in Zama offshore discovery

   Premier Oil has launched a formal sales process for the sale of its interest in the Zama field offshore Mexico…
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   23 Aug
3. Oil prices recover marginally ahead of Federal Reserve chair speech

   Oil prices have increased slightly as tightness in supplies outweighed slowing demand growth ahead of Federal Reserve chairperson Jerome Powell’s…
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   23 Aug
4. Oil prices recover, but could face biggest weekly losses in 2019

   Oil prices have rebounded after posting losses for two consecutive sessions, but are on course to post their biggest weekly…
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   24 May
5. Oil prices continue to decline as US crude inventories rise

   Oil prices have continued to decline under pressure from rising US crude inventories as demand was offset by ample supply…
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   23 May
6. Brazil’s Petrobras to exercise right in TOR auction in two areas

   Brazil’s Petrobras has announced interest in exercising its pre-emption right to participate in the auction for surplus oil from the…
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   23 May
7. US could soon bring bill to sanction Nord Stream 2 gas pipeline

   US Energy Secretary Rick Perry has reportedly said that a bill would soon be passed to impose sanctions on the…
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   23 May
8. Oil prices decline on rise in US crude stockpiles

   Oil prices have declined due to a projected increase in US crude stockpiles and as Saudi Arabia committed to keep…
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   22 May
9. Petronas begins production at FLNG platform offshore Malaysia

   Petronas has commenced the first liquefied natural gas (LNG) production from its Satu FLNG facility at the Kebabangan cluster field…
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   22 May
10. ExxonMobil in talks with Repsol and Ineos for sale of Gulf assets

    ExxonMobil is reportedly in negotiations with Spain’s Repsol and Ineos Group to sell a package of oil fields located in…
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    21 May