There are strong indications that former President Goodluck Jonathan may have gone into temporary self-exile in Cote d’Ivoire, following reports that the Economic and Financial Crimes Commission (EFCC) may arrest Continue Reading
Poorer oil-producing countries which took out loans to be repaid in oil when the price was higher are having to send three times as much to respect repayment schedules now Continue Reading
In late February, the tanker Jag Lok loaded oil from Equatorial Guinea in western Africa and set sail for the Chinese port of Qingdao, the gateway to the world’s newest Continue Reading
BP Australia Exploration As if the current oil markets weren’t tough enough for producers, companies are increasingly finding that regulators are making it harder to drill new sources of oil. Continue Reading
U.S. refiners are enjoying their strongest diesel margins in months as surprisingly robust overseas demand, combined with lower domestic production has triggered an unusually large drawdown in inventories for this Continue Reading
All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the Continue Reading
Source: U.S. Energy Information Administration The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates. U.S. petroleum Continue Reading
Alberta Pipeline Canadian energy regulators handed a win to Alberta’s oil sands producers last week, recommending approval for a major oil pipeline expansion to the Pacific Coast. Canada’s National Energy Continue Reading
The US can supply Europe long term with LNG at $7-$8/MMBtu, based on long-run marginal costs for additional infrastructure, US LNG pioneer Cheniere Marketing’s vice president for strategy, Andrew Walker, Continue Reading
State data in North Dakota show the number of rigs searching for or producing oil and gas as of Monday broke a record low set more than 10 years ago. Continue Reading
