Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said.
Venezuela’s state-owned oil company is taking an unusual step to try and increase production: shut fields.
Iran’s oil minister said a European mechanism to shield some trade with his country from crippling U.S. sanctions won’t be useful if it doesn’t allow for oil sales, as efforts to preserve the unraveling nuclear deal face a looming deadline.
Russia’s average daily output in June stayed below its OPEC+ target for a second consecutive month as contamination in the Druzhba pipeline affected flows to Europe.
This article provided by Bloomberg News.