What's New
Oil Sands Major To Slash 1,500 Jobs
Friday 2nd of June 2023
Suncor, the Canadian oil sands major, will cut 1,500 jobs this year as it seeks to turn its financial fortunes.A spokesperson for the company said the cuts will affect both employees and contractors, Bloomberg reported. Employees were informed about t…
Saudi-Russia Tensions Growing Ahead Of Key OPEC+ Meeting
Thursday 1st of June 2023
Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy. Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and is…
Indonesia To Curb LNG Exports
Wednesday 31st of May 2023
Indonesia is set to place caps on exports of liquefied natural gas, adding the commodity to a list of critical raw materials subject to export controls.The purpose of the potential limits is to secure sufficient supply for domestic consumption, Bloomb…
Azerbaijan Boosts Gas Exports To Europe
Friday 26th of May 2023
Amid a slump in EU gas prices, the continent is rushing to diversify its natural gas imports. Oilprice.com wrote yesterday that Russian gas giant Gazprom has seen its 2022 revenue and market share in Europe collapse as a result of Western sanctions. W…
