A decision by Venezuela’s president to curb legislative oversight of the central bank has increased the embattled country’s prospects of sliding into hyperinflation, according to analysts. The tactic is the Continue Reading
Japanese refiner Cosmo Oil is looking at the possibility of buying more crude from Iran once sanctions on the Islamic republic are lifted and is also “actively” looking into crude Continue Reading
A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. The U.S. Geological Continue Reading
Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country’s continental shelf. Statoil awarded long-term contracts to field services companies Beerenberg Corp. Continue Reading
Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia. “The president resolved to hold Continue Reading
An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find. Motor club AAA reports a national Continue Reading
Automakers on Tuesday set a new U.S. sales record for 2015 even as December sales fell short of expectations, and most forecasters said the new year will be even better. Continue Reading
New year, new start for Canada? Not so fast. The troubles that plagued the Canadian economy last year are going to persist through 2016 , but things may be a Continue Reading
A financially strapped Oklahoma oil company is defying the state regulator’s request that it shut down six wells used to dispose of wastewater, despite fears they may be contributing to Continue Reading
Hackers brought down the power supply to hundreds of homes in Ukraine last week, in a cyber attack believed to be the first ever to result in a power outage. Continue Reading
At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be Continue Reading
Crude oil prices reversed earlier gains on Tuesday, as gloomy Chinese data dragged on sentiment in a market already weighed down by persistently high production levels. Oil futures initially rose, Continue Reading
After a great year of betting against oil, some bearish investors sat out the last week of 2015 after prices hit a six-year low. Hedge funds’ bets on falling prices Continue Reading
Growing tension between Saudi Arabia and Iran caused oil prices to jump in the first trading session of 2016, an early sign of how the unstable political situation in the Continue Reading
Whoever came up with the phrase “no news is good news” clearly wasn’t long gold or oil futures Monday. The latter in particular tend to perk up when headlines emanate Continue Reading
Crude oil prices are unlikely to rally much in 2016 as subdued demand growth looks unable to absorb rising supply from the likes of Iran and Iraq, even though non-OPEC Continue Reading
Iraqi oil exports averaged just over 3 million barrels per day (bpd) in 2015 – 3.36 million bpd if the autonomous Kurdistan region’s independent exports are included in the tally Continue Reading
When a Saudi state executioner beheaded the prominent Shiite dissident Sheikh Nimr al-Nimr on Saturday, the Shiite theocracy in Iran took it as a deliberate provocation by its regional rival Continue Reading
There are several reasons why escalating tensions between Iran and Saudi Arabia make markets nervous. One of them is that they sit on either side of the Persian Gulf, the world’s biggest concentration Continue Reading
Libya’s Petroleum Facilities Guard clashed with militants of the Islamic State near Es Sider, the country’s biggest oil port which has been closed for more than a year, according to Continue Reading
The diplomatic crisis between Saudi Arabia and Iran presents a new test for the Organization of the Petroleum Exporting Countries at a particularly challenging time for the oil-producing cartel. The Continue Reading
Islamic State fighters attacked two oil terminals in eastern Libya, setting on fire a large storage tank at one of the facilities, Libyan oil officials said on Monday. The attacks Continue Reading
Aldemir Bendine has been the company’s chief for 11 months. In Portuguese that stands for Tuesday, Wednesday, Thursday—the three days a week that Mr. Bendine typically shows up at the Continue Reading
Traffic was flowing smoothly Monday morning on Outer Ring Road in South Delhi, usually jammed at that hour by subway construction and cars. An upscale market was dotted with free Continue Reading
Beijing waded in to prop up China’s stock and currency markets on Tuesday, helping to temper losses by calming fears over the looming expiration of a share-sale ban and intervening Continue Reading
China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. Continue Reading
Crude oil production at Syncrude Canada’s oil sands operation averaged 238,800 barrels per day (bpd) in December, down 26 percent from November, the joint venture’s largest-interest owner, Canadian Oil Sands Continue Reading
Canadian Oil Sands holds the largest stake in the Syncrude oil-sands mining consortium. Canadian Oil Sands shareholders have until Friday to accept Suncor’s offer of 0.25 of a share for Continue Reading
US manufacturers last month recorded their largest contraction in demand in more than six years as the strong dollar and low oil prices continued to drag on the economy. The Continue Reading
This is a guest post by Ciaran Nolan Disclaimer The opinions and views expressed in this presentation are solely those of the author and not necessarily those of any organisation. Continue Reading
Ford Motor Co ( F.N ) said Tuesday it plans to triple to 30 the size of its fleet of self-driving test cars as part of an effort to accelerate Continue Reading
Faraday Future Inc. stole a page from the Tesla Motors Inc. TSLA -6.92 % handbook, unveiling an amped-up “concept” electric car in Las Vegas in front of hundreds of media Continue Reading
Growing tension between Saudi Arabia and Iran caused oil prices to jump in the first trading session of 2016, an early sign of how the unstable political situation in the Continue Reading
Oil prices jumped in early trading of its first session in the new year as relations between major crude producers Saudi Arabia and Iran deteriorated, although tumbling Asian manufacturing and Continue Reading
Brent oil may decline near $30 a barrel before a reduction in U.S. output helps rebalance global markets in the second half of the year, according to UBS Group AG. Continue Reading
With crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to Continue Reading
In any assessment of the oil price crash, it is worth remembering Shakespeare’s aphorism: “What’s past is prologue”. In 2015, it appeared that the salient features of the US oil Continue Reading
Iran’s proposed increase in oil production would enter the market gradually after sanctions end and won’t pressure prices, the Iranian Oil Ministry’s Shana news agency said on Saturday. Iran has Continue Reading
Saudi Arabia cut ties with Iran on Sunday, responding to the storming of its embassy in Tehran in an escalating row between the rival Middle East powers over Riyadh’s execution Continue Reading
The European Union’s foreign policy chief warned Iran’s foreign minister on Sunday that renewed tension between Shi’ite Iran and Saudi Arabia’s Sunni monarchy could wreck efforts to find a political Continue Reading
Unnamed Americans have contacted Iran for a deal to swap Washington Post reporter Jason Rezaian, convicted and jailed in Iran on spying charges, for other unspecified detainees, according to a Continue Reading
When Iraq’s prime minister holds a meeting on Monday to discuss the monumental task of rebuilding the recently liberated city of Ramadi , officials will encounter a grim pattern: Each Continue Reading
Your Dec. 29 editorial “ Nevada’s Solar Flare ” targets the solar-leasing companies, calling them “overgrown solar babies,” and there is some truth to that. But many of us bought Continue Reading
Saudi Arabia cut diplomatic ties with Iran on Sunday and gave Iranian diplomats 48 hours to leave the kingdom, intensifying a strategic and sectarian rivalry that underpins conflicts across the Continue Reading
Authorities in Iraq’s cash-strapped Kurdish region will withhold delivery of oil to the central government and export crude independently in 2016 to ensure revenue amid a global price slump, according Continue Reading
The diplomatic rift between Saudi Arabia and Iran could complicate OPEC’s efforts to calm oil markets if Iran begins exporting up to one million barrels a day of extra crude Continue Reading
In Venezuela, where 2015 ended on grenade blasts alongside fireworks, the start of the new year promises an explosive showdown as an opposition-led legislature is sworn in on Tuesday. Incoming Continue Reading
For many Asian shipyards, 2015 was a brutal year. This year could be even worse. With oil prices forecast to fall as low as $15 a barrel and China’s growth Continue Reading
An investor sits in front of an electronic board showing stock information at a brokerage house in Beijing, China, January 4, 2016. Chinese stock markets tumbled 7 percent in their Continue Reading
China’s factory activity shrank for a 10th straight month in December as surveys across Asia showed industry struggling with slack demand even as the policy cupboard is looking increasingly bare Continue Reading
