IS attacks gas plant near Baghdad
The latest in a string of asymmetric attacks around the capital, IS militants partially destroyed a propane filling station in Taji before Energy Police regained control. Iraqi firefighters try to Continue Reading
Nigerians brace for more fuel queues
Motorists queue to buy petrol at a fuel station in Ahaoda in Nigeria’s oil state in the Delta region, December 6, 2012. The growing fleet of tankers stuck off Nigeria Continue Reading
China admits overcapacity not yet falling in bloated steel sector
A view inside a steel production facility at Shanxi Zhongsheng Steel in Fenyang, Shanxi Province, China, April 28, 2016. Massive overcapacity in China’s steel industry is not yet falling, a Continue Reading
China Helping Balance Oil as Thirsty Refiners Rely on Old Fields
China’s tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut. Output in April from the world’s second-biggest consumer fell Continue Reading
Goldman Sachs emerges as growing natural gas player
Goldman Sachs has quietly overtaken Chevron and ExxonMobil to become one of the biggest natural gas merchants in North America, expanding in physical commodities trading even as other banks pull back. Continue Reading
Fracking: Oklahoma’s New F-Word
Oklahoma Earthquake Damage Fracking in Oklahoma, as well as elsewhere, has been on the decline, thanks to the oil price slump. Quakes, however, are continuing at alarming rates. A CBC Continue Reading
Bakken’s 1 Million b/d Production Unlikely to Hold
With the number of uncompleted wells continuing to rise in the Bakken Shale, it is doubtful the 1 million b/d production level can be maintained into next year, North Dakota Continue Reading
BP doubles stake in North Sea gas field
BP logo is seen at a fuel station of British oil company BP in St. Petersburg, October 18, 2012. Oil major BP Plc said it doubled its stake in the Continue Reading
Crude Prices Fall as Investors Take Profits
Crude oil prices fell on Friday as investors took profits following Thursday’s steep gains and the dollar added to its recent rally. Light, sweet crude for June delivery settled down Continue Reading
Holding 30% Of June Brent Crude Contracts, Is Glencore Manipulating Oil Prices?
Glencore Building While oil bulls were delighted by Wednesday’s DOE news of an inventory drawdown refuting the prior day’s API news of a major build, what was ignored was the Continue Reading