Angolan President Jose Eduardo dos Santos tightened his family’s grip on sub-Saharan Africa’s third-biggest economy two years before he has indicated he’ll leave office by naming his billionaire daughter Isabel Continue Reading
To most Venezuelans suffering food shortages, Lorenzo Mendoza and the company he runs, Empresas Polar SA, are trusted providers of everything from pasta to beer. But to an embattled populist Continue Reading
Vaca Muerta Shale Having already invested $200 million in Argentina’s Vaca Muerta shale — the world’s second-largest shale gas deposit — supermajor ExxonMobil is now saying it may invest at Continue Reading
A militant group waging war on oil installations in the Niger Delta said they can bring regional production down significantly without bloodshed. The Niger Delta Avengers surfaced earlier this year Continue Reading
A multi-car oil train derailed in northern Oregon on Friday, about 70 miles (110 km) outside of Portland, officials confirmed, though there were no initial reports of injuries. Black smoke Continue Reading
Haynesville rig Oil prices dipped lower Friday afternoon on news that the U.S. oil rig count was up by nine this week, to a total of 325 rigs in what Continue Reading
Hiring by US employers slowed last month to the weakest pace since 2010, clouding the economic picture and dealing a blow to the prospects for a Federal Reserve rate increase Continue Reading
Denver-based Warren Resources said lenders will swap $248 million they are owed for an 82.5%… In court papers filed in U.S. Bankruptcy Court in Houston, Denver-based Warren said lenders led Continue Reading
The U.S. oil-rig count rose by nine to 325 in the latest reporting week, according to oil-field services company Baker Hughes Inc., BHI 0.74 % an uptick that comes amid Continue Reading
A train towing cars full of oil derailed Friday in Oregon’s scenic Columbia River Gorge, sparking a fire that sent a plume of black smoke high into the sky. The Continue Reading
Number of U.S. rigs targeting crude advanced by 9 to 325 Oil explorers put drilling rigs back to work in U.S. fields for only the second time this year as Continue Reading
U.S. energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc said on Friday, after crude prices briefly tested Continue Reading
People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York October 7, 2014. A strike by Verizon workers likely crimped U.S. job gains Continue Reading
When it comes to influencing oil prices, talk is cheap, according to Russia’s Energy Minister Alexander Novak. “I think that verbal interventions are unlikely to play any significant role,” Novak Continue Reading
The global use of electric vehicles is on the rise, though more can be gained by referencing European and Asian policies, an IEA report found. The International Energy Agency said Continue Reading
The response to the latest offerings for the rights to examine the oil and gas potential off the Irish coast has been significant, the government said. The Irish government said Continue Reading
Russia is set to increase crude oil output by around 8 million tons or 185,000 bpd by then end of this year, according to the Russian Energy Ministry. Speaking to Continue Reading
An oil pump jack can be seen in Cisco, Texas, August 23, 2015. Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to Continue Reading
Natural gas prices rose on Thursday to their highest since January, as U.S. inventory data showed an increase in stockpiles that was smaller than expected. Natural gas inventories rose by Continue Reading
New problems emerging on the grid as more sources of wind and solar power come online across the globe, the IEA finds in a 40-page market report. UPI/Stephen Shaver SAN Continue Reading
Shale Sunset Crude oil’s fundamentals don’t support further gains from here. Oil markets are currently near an equilibrium, and the situation is likely to continue, unless the supply outages are Continue Reading
Saudi Arabia’s new energy minister rallied Opec support for maintaining production on Thursday, as a near-doubling of crude prices since January eased tensions among oil exporters. Khalid Al Falih said Continue Reading
For a short while it seemed that the Organization of the Petroleum Exporting Countries would start acting like a cartel again by putting a ceiling on the group’s production of Continue Reading
An OPEC flag sits on a table ahead of the meeting in Vienna on Thursday. VIENNA—OPEC broke off its meeting on Thursday without reaching an agreement on oil production , Continue Reading
The initial public offering of the world’s largest oil company will not mean an end to a long-time policy of keeping some of its production capacity idle to cushion any Continue Reading
Behind the rise of a paramilitary force in Iraq credited with saving the country from Islamic State is an Iran-trained jihadist the U.S. wants far from the battlefield. A decade Continue Reading
The Israeli government approves Noble’s proposed development plan for the offshore Leviathan field. Following the implementation of measures to address concerns over control of Israel’s natural gas market, the Israeli Continue Reading
Islamic State is putting up a tough fight in Falluja and its recapture by the Iraqi army could take time, said Iraqi Finance Minister Hoshiyar Zebari. Falluja, located 50 kilometers Continue Reading
The new oil minister in Saudi Arabia, the de facto leader of the OPEC countries, had a message for the global market: Don’t expect us to influence the price of Continue Reading
Zanganeh SIgmar Gabriel Iran has been eager to restart the full-scale development of its oil and gas reserves since the lifting of economic sanctions early this year, and its main Continue Reading
Nigeria began the cleaning up of oil spills as old as 50 years in the Ogoni district of the southern Niger River delta on Thursday, in line with recommendations by Continue Reading
President Jose Eduardo dos Santos has appointed the Board of Directors of Sonangol, reports the country’s National State Radio (RNA) . Isabel dos Santos is now at the head of Continue Reading
Venezuelan security forces fired teargas at protesters chanting “We want food!” near the presidential palace in Caracas on Thursday, the latest street demonstration in the crisis-hit OPEC nation. National Guard Continue Reading
A throng of protesters demanding food made a run for the Venezuelan presidential palace on Thursday in a rare, apparently spontaneous outburst of anger at the socialist administration within the Continue Reading
Oil Tanker Venezuela Venezuela’s financial problems have become so acute that it is having trouble paying for the crude oil imports that it needs. Reuters reports that four oil tankers Continue Reading
Pacific Alliance members The rapidly shifting and challenging environment for the energy sector in Latin America offers an unprecedented opportunity for the region to rethink how it can better coordinate Continue Reading
Free Electric Bike India has tremendous potential as an economic powerhouse of the future, but it also faces some significant development challenges. India’s population is on track to be the Continue Reading
U.S. crude stocks fell last week, though the decline was less than forecast, while gasoline and distillate stocks decreased, the Energy Information Administration said on Thursday. Crude inventories fell by Continue Reading
As an environmental group prepares to sue the state of Michigan over its anti-fracking effort, the state chamber of commerce said it beat the “fringe” effort. The Committee to Ban Continue Reading
The Exelon nuclear power plant located in Cordova Ill. Exelon Corp. said Thursday that it will retire two money-losing nuclear plants in Illinois after state lawmakers declined to pass legislation Continue Reading
Companies extracting oil, gas and coal from U.S. federal lands will see royalties due to the government increase if Hillary Clinton becomes the country’s next president, the candidate’s campaign said. Continue Reading
U.S. diesel futures have soared about 40 percent in the last two months, prompting independent refiners to pounce, selling future output on the view that resurgent domestic demand and higher Continue Reading
Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling Continue Reading
BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill Continue Reading
The Scottish Parliament voted to ban fracking countrywide on Wednesday, making a moratorium on the controversial technique a permanent affair. The narrow vote can after the legislative body temporary outlawed Continue Reading
Growth in Gazprom’s gas sales to its core foreign markets of Europe and Turkey seems to stalled over the past two months after a big surge in supplies in the Continue Reading
Crude-oil prices largely stayed put in early Asian trade Thursday as traders await the outcome of a meeting of the Organization of the Petroleum Exporting Countries later in the day, Continue Reading
Oil Rig Sunset OPEC’s strategy in the past have been to maneuver its oil production to bring about market stability. However penetration of U.S. shale oil forced them to alter Continue Reading
Bab El Mandeb Strait Tanker News reports appearing Sunday, of an attack on Shell and Agip pipelines in Nigeria, indicated that ongoing attacks by militant groups have caused that country’s Continue Reading
As Saudi Arabia prepares to tap international debt markets, potential investors will soon be scrutinizing details of the kingdom’s blueprint for a post-oil era. They may find the plan’s viability Continue Reading
