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Top News In Oili Today - Breaking & Trending Today

Global tax would spoil investors' plastic party

The days of carefree plastic use may soon be over. Even though the world is suffocating in polluting waste, sales of fresh polymers are projected to rise 40% to $529 billion by 2031. This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. Drastic action would shrink a promising market for Big Oil and cut packaging firms’ margins. ....

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Fire at oil refinery in Russia's Krasnodar likely caused by drone -governor

A fire that broke out at the Afipsky oil refinery in Russia's Krasnodar region was likely caused by a drone, the region's governor said early on Wednesday. ....

Black Sea , Oceans General , Krasnodarskiy Kray , Veniamin Kondratyev , Tom Hogue , David Ljunggren , Christian Schmollinger , Lidia Kelly , Thomson Reuters Trust Principles , Governor Veniamin Kondratyev , Thomson Reuters Trust , Repi Exploration Production , Repi Grid Infrastructure ,

Saudi Arabia may cut Arab Light crude prices for Asia to 20-month low

Top oil exporter Saudi Arabia may further slash the official selling prices (OSPs) for all crude grades to Asia in July, a Reuters poll showed, despite the looming OPEC+ meeting that could leave the door open to further output reduction. ....

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Equinor shuts Hammerfest LNG plant due to gas leak

Norway's Hammerfest liquefied natural gas (LNG) plant was shutting down on Wednesday due to a gas leak, a spokesperson for operator Equinor said, confirming an earlier police report. ....

David Evans , Wintershall Dea , Terje Solsvik , Nora Buli , Thomson Reuters Trust Principles , Neptune Energy , Thomson Reuters Trust , Repi Exploration Production , Repi Lng , Repi Gas , Repi Fuel Oil ,

What is OPEC+ and how does it impact oil prices?

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on June 4 to discuss their joint output policy. ....

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