Declarations by Russia and Turkey last week reviving plans for the TurkStream natural gas pipeline linking the two have worried EU diplomats who see it strengthening Moscow’s hand – but Continue Reading
Amnesty coordinator says stipends restart Monday after delay Oil production has dropped to 1.4 million b/d, minister says Nigeria resumed payments to former militants in the oil-rich Niger River delta Continue Reading
After a two-month decline, federal oil export levels rebounded, but overall revenues fell along with global oil prices. Tugboats position a single point mooring (SPM) buoy in the Basra Gulf Continue Reading
Oil price starts to decline again as heavy payments loom Venezuela, which has the largest crude reserves on the planet, has defied predictions of default since the oil collapse started Continue Reading
* June oil demand up 4% on month to 11.32 mil b/d * Gasoil demand recovers from 70-month lows in May * Platts expects 2016 oil demand growth below 1% Continue Reading
In 2011, President Obama announced an agreement made between 13 automakers to increase average fuel economy to 54.5 miles per gallon by 2025. Now two government reports suggest that cheap Continue Reading
Ahead of a special legislative session to review the state budget, North Dakota state data show a modest recovery underway in oil and gas exploration activity. State data show 35 Continue Reading
Note: CBOB is conventional blendstock for oxygenate blending. CARBOB is California reformulated gasoline blendstock for oxygenate blending. The U.S. Energy Information Administration recently released the What Drives Petroleum Product Prices Continue Reading
A shipment of Alaska North Slope crude is making a rare voyage across the Pacific Ocean to South Korea, according to cFlow, Platts trade flow software. The Bahamian-flagged Suezmax, Tianlong Continue Reading
Colorado Governor John Hickenlooper speaks at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 28, 2016. Governor of Colorado John Hickenlooper on Monday criticized Donald Trump’s comments about fracking, Continue Reading
Malaysia’s state oil company is considering delaying a Canadian liquefied-natural gas project over concerns about oversupply and cheap competing fuels, according to two people familiar with the matter. Petroliam Nasional Continue Reading
Rig company Transocean said it consolidated its holdings and said Monday it grabbed a majority interest in three additional offshore drilling assets. Transocean said it agreed to acquire any outstanding Continue Reading
Production climbs 1.8% to 10.85 million barrels a day Weaker ruble and progressive taxes bolster Russian output Russian oil output rose 1.8 percent in July, extending a run of year-on-year Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. Oil rose on Monday, driven by new orders as traders Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
Speculators add record number of bearish WTI crude wagers Crude, gasoline supply at highest seasonal level in decades Money managers have never been more certain that oil prices will drop. Continue Reading
Oil prices are down roughly 20 percent from their high watermark for the year, reached in June, and the next steps could be dicey as a bear market forms. Crude Continue Reading
Local IS sleeper cell blamed for twin attacks on Kirkuk energy plants Further detail of how IS stormed AB2 and Bai Hassan facilities Severe damage to Bai Hassan South complex, Continue Reading
Libyan oil production and export has been… Libya’s state-controlled National Oil Co. said it was taking steps to restart exports from three blocked oil ports after the government reached a Continue Reading
Kurdish military leaders confirmed to Arab media the Islamic State terror group was responsible for attacks on oil and gas installations in northern Iraq. Suicide bombers with the group calling Continue Reading
Arab Light crude to Asia cut by $1.30 to $1.10 discount Extra Light, Light pricing for U.S. clients also reduced Saudi Aramco, the world’s largest oil exporter, lowered the pricing Continue Reading
European companies show most interest in projects: Zanganeh Oil contract model has been under development for two years Iran is expected to approve a new model for oil contracts on Continue Reading
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Sometimes actions really do speak louder than words, with Saudi Arabia’s slashing Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran’s Oil Minister says the oil market is oversupplied but Continue Reading
Militants cause oil output of 175,000 barrels a day to halt Fires still burning at two tanks in Bai Hassan oil facility Kurdish Peshmerga forces in northern Iraq regained control Continue Reading
Libya’s state oil company said on Sunday it welcomed the “unconditional” reopening of blockaded oil ports following a controversial deal between the U.N.-backed government and a force that controls key Continue Reading
Suspected militants have attacked an oil pipeline operated by a local affiliate of Shell in Nigeria’s restive southern Niger Delta region, locals and a community group said on Monday. Militants Continue Reading
This implies that Africa awaits major crisis unless governments become unified in giving priority to water security management and sanitation. Almost 98 per cent of the affected people live in Continue Reading
A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, Continue Reading
DBS exposed to liquidation of oil-services firm Swiber Moody’s says energy lending is 5.3 percent of Singapore loans The plunge in oil prices is catching up with Singapore’s three largest Continue Reading
Based on the results of their analysis of the potential air quality and health impacts of travel demand in China under business-as-usual and alternative transport scenarios, a team of researchers Continue Reading
For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. The Norwegian Continue Reading
The Obama administration unveiled final regulations for drilling in US Arctic waters, but questions remain about the future of oil production there. Will the Arctic be pulled out of the Continue Reading
Anchorage, Alaska For nearly four decades, the Trans-Alaska Pipeline System has served as Alaska’s economic artery while providing the rest of the U.S. with a reliable supply of domestic oil Continue Reading
I expect World Fossil fuel output to peak in 2025. If the World economy continues to grow in the future, a gap between Energy produced from all sources (including non-fossil 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
President seen cherry-picking proposals from Kudrin, others Kudrin’s mandate as adviser said limited to post-2018 plans Vladimir Putin’s economy has been shrinking for 18 months but he still doesn’t have Continue Reading
