Crude Mystery: Where Did 800,000 Barrels of Oil Go?
There is mystery at the heart of the oversupplied global oil market: missing barrels of crude. Last year, there were 800,000 barrels of oil a day unaccounted for by the Continue Reading
Iran’s January Oil Exports Hit 22-Month High
Iran’s oil exports climbed to the highest in 22 months in January when sanctions against its economy ended, opening the way for higher shipments to Asia and new sales to Continue Reading
Saudi Arabia’s Oil Chief Prepares for a World After Fossil Fuels
Even as it pumps near-record quantities of oil, Saudi Arabia is getting ready for a time when the world will no longer need its biggest export. The world’s largest crude Continue Reading
Saudi oil exports rise to 7.835 million bpd in January: JODI
Saudi Arabia’s crude oil exports in January rose to their highest level in nine months to 7.835 million barrels per day from 7.486 million bpd in December, official data showed Continue Reading
Baghdad pressures KRG with Kirkuk crude export cut
Iraq’s Oil Minister said federally produced Kirkuk crude cannot flow through Kurdistan’s pipeline without a new oil deal. Iraqi Oil Minister Adil Abd al-Mahdi speaks at the Sulaimani Forum on Continue Reading
Mexico to Proceed With Auction Round for Shale Fields This Year
Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from U.S. drillers eyeing expansion south of the Continue Reading
Interview: Flexible crude imports tops India oil minister’s agenda
Having recently finalized India’s new hydrocarbons exploration policy, Indian oil minister Dharmendra Pradhan is now focused on formulating a new crude oil import policy aimed at giving state-run refiners more Continue Reading
Shell, Aramco U.S. refining breakup lets both pursue ambitious goals
The breakup of Royal Dutch Shell’s and Saudi Aramco’s giant U.S. refining joint venture draws a line under an often rocky relationship and allows Aramco to accelerate an ambitious public Continue Reading
U.S. Proposes New Gas Pipeline Safety Rules
U.S. pipeline regulators are proposing new rules aimed at strengthening safety requirements for pipelines that carry natural gas. The Transportation Department’s Pipeline and Hazardous Materials Safety Administration wants to bulk Continue Reading
The U.S. Is Exporting Its Oil Everywhere
Three months since the U.S. lifted a 40-year ban on oil exports, American crude is flowing to virtually every corner of the market and reshaping the world’s energy map. Overseas Continue Reading