From Brazil to Mexico, $36.4 billion in projects were shelved U.S. refiners are operating at the highest rate since November The Latin American refinery bust has proved to be a Continue Reading
Crude production down 5.1% during first seven months of 2016 Nation’s coal mining output drops 10% from January-July China’s crude oil and coal production declines deepened as the nation’s oil Continue Reading
Retail, investment, factory output all miss analyst forecasts Aggregate financing, new loans rise at slowest pace in 2 years China’s recent economic stabilization faltered in July as factory output, retail Continue Reading
China’s refinery throughput in July retreated from the previous month’s record highs as refiners lowered runs because of weak domestic demand, a trend that could extend into August when many Continue Reading
The basin may produce the most named storms since 2012 Atlantic storms can hit Gulf of Mexico oil and gas producers The Atlantic basin will see the most named storms Continue Reading
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. Chesapeake, which has headquarters Continue Reading
Natural gas prices fell Thursday in a volatile session of trading after a weekly inventory report showed stockpiles grew more than expected. The U.S. Energy Information Administration said Thursday that Continue Reading
Dead sunflowers stand in a field near dormant oil drilling rigs which have been stacked in Dickinson, North Dakota January 21, 2016. It may seem odd that the opening of Continue Reading
SunPower, First Solar shift focus to rooftops and panel sales Utility solar to decline 11% as tax extension delays deals The top two U.S. solar manufacturers are shifting away from Continue Reading
Last December, the United States government voted to lift four-decades of restrictions on crude oil exports as part of a bipartisan effort to prevent another government shutdown caused by political Continue Reading
Russian oil company Rosneft said its overall hydrocarbon production for the second quarter of the year was on the rise thanks in part to a drilling boom. Production for the Continue Reading
Russia may not be able to sell its stake in Rosneft in 2016 As low oil prices continue to put pressure on the Russian budget, the government in Moscow continues Continue Reading
The peak oil controversy stages a comeback as the industry confronts a future of higher costs — and low prices. A spindletop spouter gushes oil in 1902. (Image: Wikimedia Commons) Continue Reading
Crude prices extended their falls Thursday as a top energy monitor trimmed its forecast for oil demand next year. The prediction comes as oil prices remain under pressure because of Continue Reading
Nationwide supplies gained 1.06 million barrels last week: EIA Record demand from refiners to erode bloated stockpiles: IEA Oil traded near the lowest closing price in a week as government Continue Reading
Approved version of IPCs has more than 150 minor and major changes from the draft Following the end of international sanctions against Iran in July of 2015, the Islamic Republic Continue Reading
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, May 30, 2016. Top oil exporter Saudi Arabia boosted its oil Continue Reading
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. Oil markets will begin to tighten in the second half of 2016 Continue Reading
The IEA said Thursday it expects global oil demand to grow by 1.2 million barrels… The International Energy Agency on Thursday trimmed its forecast for the rise in global oil Continue Reading
Crude oil prices eased to around $45 bbl in August as a global supply overhang weighed and demand growth weakened. Brent crude had threatened to break below $40 bbl at the end Continue Reading
China Oil French Total has emerged as perhaps the smartest member of the Big Oil club, wasting no time waiting for oil prices to return to early 2014 levels, instead, Continue Reading
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, May 30, 2016. Top oil exporter Saudi Arabia boosted its oil Continue Reading
Oman’s Oil Minister Mohammad bin Hamad bin Saif al-Rumhi attends during the opening session of the first Gas Exporting Countries Forum (GECF) summit in Doha November 15, 2011. Oman and Continue Reading
Israel is preparing to tender 24 offshore exploration blocks as it looks to bolster its oil and gas industry after a four-year lull sparked by regulatory uncertainty and stock-price volatility. Continue Reading
Tender offers likely to take place over 6 months to a year 34 foreign companies identified by NIOC as suitable investors Iran expects foreign oil companies to sign deals valued Continue Reading
U.S.-backed Libyan forces said on Wednesday they have taken over Islamic State group’s headquarters in Sirte, the militants’ final bastion in Libya, breaking a stalemate with the help of U.S. Continue Reading
Oil well on fire A group of gunmen blew up a bomb at the Bai Hassan oil field in Iraq’s northern province of Kirkuk on Wednesday, China’s news agency Xinhua Continue Reading
The company logo of Lukoil is seen in West Qurna oilfield in Iraq’s southern province of Basra, March 29, 2014. Iraq has reached agreement with BP, Shell and Lukoil to Continue Reading
Thanks to the worst recorded heat wave in Iraq’s history, now in its fourth week, Abu Mahdi may be this city’s happiest man. From a hole-in-the-wall shop on Baghdad’s east Continue Reading
Pipeline supplies bulk of Shell’s gas to Bonny Island LNG Outage comes as rebels have attacked Nigeria’s oil facilities Royal Dutch Shell Plc said its local unit has declared force Continue Reading
Men load boxes of food onto the back of a pick-up truck, after arriving from Brazil, in front of the bus terminal in Santa Elena de Uairen, Venezuela August 2, Continue Reading
BEIJING—China’s capital, suffering from growing pains following years of breakneck expansion , is embarking on a radical plan to rein in its population by kicking people out of the city Continue Reading
Still recovering from wildfires that caused mass evacuations, the provincial government in Alberta said it was introducing a stimulus package for businesses. “The government of Canada remains fully committed to Continue Reading
Number of active rigs 75 percent below October 2014 peak IEA reiterates view U.S. shale oil output to fall this year While shale drilling in the U.S. is on the Continue Reading
Osmosis Statkraft It seems that every day, there’s a new form of energy being developed that’s set to revolutionize the industry. Without a sound understanding of the scientific, engineering, and Continue Reading
Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region than expected this year because of lower Dutch gas output and Continue Reading
A Russian energy company said it boosted its daily production levels from an Arctic oil field after the completion of drilling two new wells. A subsidiary of Russian oil company Continue Reading
The European Commission said it was allocating funding to end Finland’s energy isolation, one day after new life emerged for a Russian pipeline for Europe. The commission said it allocated Continue Reading
North Miami buildings are seen near the ocean. (Photo by Joe Raedle/Getty Images) This story has been updated. On a warming Earth, seas inevitably rise, as ice on land melts Continue Reading
Oil prices edged down Wednesday on an uptick in U.S. crude stockpiles and production forecasts, and concerns that a coming meeting among major oil producers may not result in any Continue Reading
Crude inventories rose 2.09 million barrels last week: API Saudi Arabia said to pump 10.67 million barrels a day in July Oil declined for a second day as weekly U.S. Continue Reading
Gasoline and diesel stockpiles have swollen to record highs across the globe, leaving refiners and traders few places to dump excess supplies and threatening large-scale production cuts that could derail Continue Reading
The volume of crude held in floating storage off Britain’s coast has grown this year due to excess supply, trade sources say, helping to put a cap on some parts Continue Reading
Oil prices fell Tuesday as U.S. government forecasters raised their outlook for domestic production and traders grew skeptical that the Organization of the Petroleum Exporting Countries would consider production caps Continue Reading
Crude prices inched down on Tuesday in Asia, paring gains of nearly 3 percent from a day earlier, as worries over a global oil glut tempered speculation that OPEC would Continue Reading
Oil Tanker Morgan Stanley’s Adam Longson has been one of the most bearish sell-side analysts on oil, and overnight he confirmed he isn’t going to change his opinion any time Continue Reading
Recent volatility in oil price based on technical issues, questionable announcements and is ultimately, no reason to panic, analysts say. Coming off a turbulent week in which oil prices dropped Continue Reading
China’s daily crude imports drop to lowest in six months Coal, natural gas imports slip in July from previous month China’s imports of crude oil, coal and natural gas slowed Continue Reading
U.S. Special Operations forces are providing direct, on-the-ground support for the first time to fighters battling the Islamic State in Libya, U.S. and Libyan officials said, coordinating American airstrikes and Continue Reading
For the second time in two months, residents of Iraq’s oil capital are suffering severe power outages because the government cannot pay its bills. Turkey’s Karkey Company, a subsidiary of Continue Reading
