The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday urged President Muhammadu Buhari to declare a ‘State of Emergency’ in the petroleum industry to end fuel Continue Reading
Nigeria’s state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The Nigerian National Petroleum Corporation (NNPC) provided no explanation Continue Reading
Workers use a boat to take samples from a brine pool at the Rockwood Lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Continue Reading
Japan will receive a U.S. crude cargo in May, the country’s second purchase from the United States since Washington lifted a four-decade ban on crude exports, industry sources said on Continue Reading
President Obama and Prime Minister Trudeau announced an ambitious, broad array of initiatives that herald a new day in our cross-border partnership to combat dangerous climate change, transition to a Continue Reading
Share US refiners are once again calling for a domestic crude benchmark that covers more than the standard gravity and sulfur pairing offered by the existing NYMEX contract. The push Continue Reading
President Barack Obama’s decision to close the door to offshore drilling along the U.S. East Coast — just a year after opening it — inflicts more pain to an oil Continue Reading
Last October, as U.S. oil prices seemed to be stabilizing around $45 a barrel, some bullish traders chuckled at the notion of U.S. shale firms racing to hedge production at Continue Reading
Linn Energy LLC, the largest energy producer operating as a partnership, drastically widened its loss in the final quarter of the year on sharply lower revenue amid a steep decline Continue Reading
A spike in oil prices, coupled with seasonal events at U.S. refineries, means gas prices should increase for consumers, but savings remain, analysis finds. Motor club AAA reports a national Continue Reading
