Maine’s embattled Portland-Montreal Pipe Line stopped shipping crude after volumes fell sharply following the reversal of Enbridge’s Line 9 line, state data showed Friday. There was no oil shipped on Continue Reading
The number of rigs in active service in North Dakota, the No. 2 U.S. oil producer, declined from last week despite the recovery in crude oil markets. State data show Continue Reading
From January to February, the number of rigs working on exploration and production activities in the United States dropped 18 percent, Baker Hughes reported. The oil field services company issued Continue Reading
While the United States remained a net exporter of coal, last year’s levels marked the third straight year for declines, federal data show. “Slower growth in world coal demand, lower Continue Reading
Democratic presidential candidate Hillary Clinton speaks during the CNN Democratic Presidential Primary Debate on March 6, in Flint, Michigan. Industry concerns grow about Democratic front-runner’s views Hillary Clinton’s promise during Continue Reading
U.S. exports of distillate fuel oil have been basically flat since 2013, ending years of strong growth, as U.S. refiners face stiff competition from big new refineries in Asia and Continue Reading
An aerial view of the brine pools and processing plant of the Soquimich (SQM) lithium mine on the Atacama salt flat, the world’s second largest salt flat and the largest Continue Reading
U.S. shale oil production in April is expected to chalk up the second-largest monthly decline on record, and the sixth straight monthly decrease, a U.S. government forecast released on Monday Continue Reading
It’s hard not to get caught up in the optimism on the exhibition hall at the ARPA-E Innovation Summit, which is taking place this week in the D.C. area. Nearly Continue Reading
Driving forward in the race for highly efficient solar cells, First Solar says it has converted 22.1 percent of the energy in sunlight into electricity using experimental cells made from Continue Reading
As oil firms slash billions of dollars of investment to survive the market crash, France’s Total and Italy’s Eni are making some of the smallest cuts, gambling in the hope Continue Reading
Oil prices extended gains on Monday that have lifted crude benchmarks by more than a third from this year’s lows, as tightening supply and an improving global outlook strengthened the Continue Reading
Oil prices kicked off the week on the rise Monday on hopes that major producers will curtail supply and as better economic data fueled hopes of improving demand. Brent crude, Continue Reading
Oil advanced from its highest closing level in two months in New York as U.S. drillers cut the number of active rigs to the least in more than six years Continue Reading
Work on a pipeline carrying oil from northern Iraq to Turkey should be complete “in a day or two”, an industry source based in the Kurdistan region said on Sunday, Continue Reading
The United Arab Emirates foresees a “correction” in crude prices by the end of the year, and the OPEC member has yet to receive an invitation to a possible meeting Continue Reading
Iranian billionaire Babak Zanjani will appeal his death sentence in an oil fraud case, his lawyer said. “The sentence is not final and there is room to dispute it,” Rasoul Continue Reading
At least 33 people were killed and 115 wounded in the Iraqi city of Hilla on Sunday when a fuel truck driven by a suicide bomber exploded at a checkpoint Continue Reading
Iran, a country boasting the fourth largest oil and the second largest gas reserves in the world, has become one of the most prominent topics in the news – for Continue Reading
An Iranian court has issued a death sentence against an Iranian oil tycoon, a judiciary spokesman told reporters Sunday, in a case widely portrayed as a symbol of corruption during Continue Reading
Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel Continue Reading
At least 10 people have been killed in clashes between Tunisian police and unidentified gunmen near the Libyan border on Monday, authorities said, amid increasing concern that violent extremism in Continue Reading
A bit of financial juggling may have helped Nicolás Maduro, Venezuela’s embattled socialist president, stave off a default after paying $1.5bn to international creditors last month. But that will not Continue Reading
Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy discount, a further sign of the OPEC nation’s worsening financial Continue Reading
China’s economy isn’t headed for a hard landing and isn’t dragging on the global economy, China’s top economic planner said on Sunday, but uncertainty and instability in the global economy Continue Reading
China’s leaders made clear they are emphasizing growth over restructuring this year, but suggested they are trying to avoid inflating debt or asset bubbles as they send massive amounts of Continue Reading
China will cap annual energy consumption at 5 billion metric tons of coal equivalent by 2020, as Beijing pushes to control the use of resources and curb greenhouse-gas emissions. The Continue Reading
As economic growth has fallen while debts and excess industrial output have risen, Chinese leaders have faced growing questions about whether they will carry out the painful policy surgery many Continue Reading
China has pushed back completion of its emergency petroleum stockpiles to beyond the original 2020 deadline. The world’s largest energy consumer will finish construction of the second phase of its Continue Reading
China National Petroleum Corp. said it will cut capital spending this year by more than 20 percent and sees domestic crude production slipping as the country’s biggest oil and gas Continue Reading
China’s carbon dioxide emissions are likely to peak by 2025 — and may even have done so already — according to a new paper that suggests the country’s economic slowdown Continue Reading
The $9.2 billion investors paid to snap up new equity offerings from U.S. oil companies in 2016 proves those investors are indeed ready for more punishment. The amount is in Continue Reading
Russia’s Gazprom is counting on its deep natural gas ties with Italy to revive plans aimed at bypassing Ukraine as a transit state for politically sensitive gas shipments to Europe. Continue Reading
“The conditions for terminating the contract signed with COSL Offshore Management AS have, in our opinion, been met,” said Geir Tungesvik, Statoil’s senior vice president for drilling and well, in Continue Reading
Oil prices rose Friday on a weaker dollar and expectations of another large drop in U.S. drilling. Prices held their gains after U.S. data showed stronger-than-expected job growth in February. Continue Reading
Speculation surrounding a Moscow meeting of oil producing nations gave a lift to crude oil prices, capping off a week of broad market volatility. Crude oil prices started the week Continue Reading
Oil headed for the longest run of weekly gains since May as Nigeria said key members of OPEC intend to meet with other producers in Russia this month to renew Continue Reading
Kurdistan’s oil sector, once touted as the world’s last great onshore oil patch, is suffering from persistent infrastructure problems, resource downgrades and low oil prices.The latest setback came Monday, when Continue Reading
Iran’s oil and gas condensate exports would reach 2 million barrels per day by the end of March, director of international affairs at National Iranian Oil Co (NIOC) was quoted Continue Reading
Georgian Energy Minister Kakha Kaladze struck a deal with Rovnag Abdullayev, the president of the State Oil Company of Azerbaijan Republic (SOCAR), Civil Georgia reported March 4. Under the terms Continue Reading
State-owned oil company of Nigeria to be divided into 30 discrete entities. IMF warned last week the economy may need to reform to address pressures from lower crude oil prices. Continue Reading
Fushun, a city built on coal in China’s industrial northeast, is in full-blown recession. Liu Junfen, a scrap-metal merchant who gathers discarded bicycles, hubcaps and gas cylinders to feed to Continue Reading
Every March, China releases a closely watched growth target for the year, a number that looms large for the world’s economists, executives and policy makers. But calls are growing for Continue Reading
China faces a tough battle to keep its economy growing by at least 6.5 percent over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Continue Reading
China gave itself wiggle room in lowering its economic growth target this year, though it still set the pace at a relatively high 6.5% to 7%, suggesting the government prefers Continue Reading
A report from Greenpeace reveals that the destruction of ecosystems caused by the Fukushima meltdown is worse than the government lets on. Radiation from the Fukushima nuclear disaster in Japan Continue Reading
The US economy added significantly more jobs than expected in February, but wages continued to stagnate, highlighting the dilemma facing the Federal Reserve over when next to raise rates. Friday’s Continue Reading
Conservation group Greenpeace warned on Friday that the environmental impact of the Fukushima nuclear crisis five years ago on nearby forests is just beginning to be seen and will remain Continue Reading
The US oil rig count fell by eight to 392 in the week ending Friday, down from 922 in the comparable week a year ago, Baker Hughes said in its Continue Reading
The US oil rig count slipped another eight rigs this week to 392, Baker Hughes said Friday, amid a rally in crude not seen since the first few days of Continue Reading
