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Oil majors press Iran for sweeter oil terms post-sanctionsIran will have to offer lucrative contracts terms to draw back international oil companies at a time when the oil industry is more focused on profitability as it gears up for a longer period of low oil prices, executives said. &nb More… |
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Oil firms face further cuts as low prices lingerOil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices. The industry is expected to reveal another set of grim earnings fo More… |
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Oil majors in Jeddah for key talks on price riseLeaders from major oil producing nations as well as consuming countries are meeting in the Saudi city of Jeddah today to discuss ways to control the rising oil prices. Saudi Arabia and other producers with oil to spare could agree to raise More… |
