An explosion rocked a major petrochemical facility of Mexican national oil company Pemex in the Gulf state of Veracruz on Wednesday, killing at least three people and injuring dozens more, Continue Reading
The oil pipeline route puzzle has been solved, with Uganda choosing to export her crude oil to the East African coast through Tanzania and not Kenya, The Observer can reveal. Continue Reading
India’s crude oil imports resumed climbing in the year ended March, after stagnating in the previous period, as a new refinery on the country’s east coast started and fuel demand Continue Reading
Mergers and acquisitions activity steadies from the end of 2015 into the current year, but the dollar value of those transactions was down year-over-year. Constrained cash flow, highly leveraged assets Continue Reading
As recently as a week ago, the energy bill that the U.S. Congress was considering was stalled and faced an uphill battle. But the Senate has sprung into action, and Continue Reading
Enbridge Inc.’s crude oil storage tanks are seen during a tour of their tank farm in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. U.S. crude oil inventories Continue Reading
In response to continued low oil prices, onshore crude oil production in the Lower 48 states is expected to decline from an average of 7.41 million barrels per day (b/d) Continue Reading
Russia said on Wednesday it was prepared to push oil production to new historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened Continue Reading
Russian inflation is at risk of stalling at 6 percent to 7 percent after slowing for seven months, a level that central bank Governor Elvira Nabiullina called “unacceptable” for speeding Continue Reading
Russia is planning to revamp its fiscal policy to insulate the economy from swings in crude prices, the latest energy producer to prepare an overhaul for the post-oil era. A Continue Reading
