A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Continue Reading
Oil entered bear market territory this week as WTI and Brent fell more than 20 percent from their June peaks. WTI even dropped below $40 per barrel for the first Continue Reading
It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than a happily Continue Reading
Venezuelan exports of natural gas to Colombia are unlikely in the short term, despite state-owned PDVSA’s claims to have increased its gas production in 2015 by 334,000 Mcf/d or 4.3% Continue Reading
Dar es Salaam — The government is expected to start an environmental impact assessment (EIA) at the end of this month on land where a $30 billion (Sh64.4 trillion) liquefied Continue Reading
BP and Shell are trading with dividend yields above 7%, while Eni, which cut its… It all seemed to be going so well, but European oil groups have stumbled again. Continue Reading
Facing the imminent advance of Iraqi forces, militants from the self-proclaimed Islamic State (IS) have looted, bulldozed and torched the Qayarah refinery, and are trying to weaponize oil from nearby Continue Reading
Medium-term growth needs to be higher to absorb job seekers In October, the International Monetary Fund warned that Saudi Arabia could deplete its financial assets within five years. It’s now Continue Reading
Unity government reached a deal with guards to reopen ports Measure viewed as insufficient to drive up flows from country Oil traders who specialize in purchasing cargoes from Mediterranean ports Continue Reading
Jamaica has announced it will pay back some of its oil debt to Venezuela in food, medicines and fertiliser as the country’s economic crisis continues. Venezuela is currently suffering from Continue Reading
Storm could hit Pemex oil operations in Bay of Campeche Fifth named storm since January to menace Atlantic basin Tropical Storm Earl could slam into Belize overnight Wednesday as a Continue Reading
China has installed 20 gigawatts of new solar power just in the first half of this year. This achievement beats analysts’ expectations by a wide margin. China wants to add Continue Reading
A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. A pact that 15 U.S. states signed to jointly investigate Exxon Mobil Corp for allegedly misleading the Continue Reading
Harold Hamm explains why his industry just can’t get any respect. The following is a condensed and edited interview with Harold Hamm, CEO, Continental Resources. Photographer: Jonno Rattman for Bloomberg Continue Reading
California regulators advised Democratic presidential candidate Hillary Clinton on methods to revamp federal regulations regarding ethanol and other biofuels in order to ensure their increased use, according to state and Continue Reading
Pipeline Fire Attacks against oil infrastructure are all too common in areas like the Niger Delta of Nigeria or Iraq’s northern Kurdish region . But authorities in the United States Continue Reading
Tesla reported a $293-million GAAP net loss for Q2, a 59% increase from the $184-million net loss for Q2 2015. This marks Tesla’s 13 th consecutive quarterly loss. However, Tesla Continue Reading
Delta Air Lines Inc ( DAL.N ) is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, Continue Reading
There will be more public locations to charge electric cars in the UK than there are gasoline stations by the summer of 2020, according to new analysis by Nissan. At Continue Reading
Brent oil entered bear market Tuesday, joining U.S. benchmark Oil traded near a four-month low in New York on signs the global supply surplus persists even as stockpile declines in Continue Reading
Investors in junk-rated energy bonds, who have made a mint this year betting on this battered sector, are paring their holdings as oil flirts with sub-$40-a-barrel levels on concerns about Continue Reading
Both global benchmarks seen rising as supply glut eases U.S. producers would be biggest winners on price rebound Oil closed in a bear market Monday, but don’t abandon hope. Analysts Continue Reading
Summer driving season: it’s the season to be traveling, what with long weekends, annual leaves and short getaways from the banalities of everyday life at the office. The summer season Continue Reading
U.S. crude oil inventory data for the week just released by the American Petroleum Institute ( API ) shows a 1.3 million-barrel draw in line with consensus forecasts, making this Continue Reading
A girl stands beside a laundry line in a poor neighborhood overlooking Cabinda, a heavily guarded territory that accounts for half of Angola’s oil output. (Nichole Sobecki/For The Washington Post) Continue Reading
U.S. airstrikes targeted Islamic State positions in the Libyan city of Sirte for the second straight day on Aug. 2, the press office of Libya’s Government of National Accord (GNA) Continue Reading
Nigeria loses 70,000 barrels a day as rebels target pipelines Total OPEC output rises as group adds 14th member Gabon OPEC’s crude oil output was disrupted in July by militant Continue Reading
Attack affects about 6 percent of the country’s crude output Repairs on pipeline may be concluded by tomorrow: union Colombia, South America’s third-largest oil exporter, shut in production in at Continue Reading
A U.S. appeals court on Tuesday upheld a decision confirming a $465 million judgment won through arbitration by a unit of KBR Inc in a contract dispute with Mexico’s national Continue Reading
Fifth storm of year prompts warnings across Caribbean Earl could make its way to the oil-rich Bay of Campeche Tropical Storm Earl, the fifth of 2016, may be near hurricane Continue Reading
Despite getting public support from one of the biggest names in oil, Republican presidential candidate Donald Trump has work to do, reports found. At a keynote address at a North Continue Reading
After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low. The rig company, which Continue Reading
Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported. The U.S. national average retail price for a Continue Reading
“They can sit around in the dark and talk about how it worked out,” Ken Golden, commercial adviser for Exxon, said from the podium at an oil conference in San Continue Reading
UPS has achieved its goal of driving 1 billion miles in its alternative fuel and advanced technology fleet one year earlier than planned, and marked more than 10 years of Continue Reading
An initiative to broaden the setback on oil and gas operations in Colorado likely won’t appear on the November ballot, but the proposal – which analysts say would be a Continue Reading
Oil prices steadied on Tuesday, after U.S. futures dropped below $40 for the first time since April, and the overhang of crude and refined products threatened to drag prices lower Continue Reading
U.S. crude, gasoline inventory data forecast to show decline Stockpiles at highest seasonal level in at least two decades Oil rose in New York amid speculation the oversupply still weighing Continue Reading
Oil prices edged up in early trading on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by Continue Reading
Oil Tanker “Over the secular horizon, Oil prices are likely to remain low,” said the PIMCO’s Global Advisory Board (GAB), while assessing global economic trends, according to the PIMCO website Continue Reading
Many countries keep their reserves a secret, meaning the price of oil is based on a huge amount of guesswork. Peak oil, if it even exists , is very much Continue Reading
The world’s largest owners of offshore drilling rigs fell the most in more than a month as oil’s drop below $40 extended their pain. Diamond Offshore Drilling Inc. fell 5.7 Continue Reading
African nation’s crude production already reduced by civil war Group observing peace deal sees possibility of larger battles Clashes between South Sudanese forces that re-erupted last month could escalate into Continue Reading
Kuwait’s government approved an increase in prices of gasoline sold locally, becoming the latest oil-rich Arab nation to cut subsidies as lower crude prices squeeze finances. The OPEC member will Continue Reading
Factions in divided nation continue to shut oil fields Libya’s state crude producer is working to resume oil shipments from three ports after a deal was struck to settle payments Continue Reading
With options for oil and natural gas expanding, Iranian President Hassan Rouhani said a joint nuclear agreement has strengthened the country’s independence. Iran celebrated Monday the 50th anniversary of a Continue Reading
The United States launched multiple airstrikes against Islamic State militants in Libya on Monday, opening a new, more persistent front against the group at the request of the United Nations-backed Continue Reading
The US launched air strikes against Isis in the Libyan city of Sirte in a bid to support forces allied to the government who are battling to regain control of Continue Reading
Bijan Zanganeh It’s expected that Iran will approve a new model for oil contracts on Wednesday that should open the door for foreign investors to help the country reestablish its Continue Reading
Kingdom takes measures to shore up economy amid low oil prices Banks face liquidity squeeze as government pulls deposits Saudi Arabia may be embarking on a new phase in its Continue Reading
