Natural Gas Sinks on Large Stockpile Addition
Natural-gas prices are posting some of their largest daily losses of the past month on Thursday after data showed a storage addition last week far beyond expectations. The U.S. Energy Continue Reading
OPEC Pumps Record Crude In August
Oil Asia OPEC’s crude production increased by 40,000 bpd in August over July to a record-high in recent times, with Saudi Arabia likely setting a fresh output record, according to Continue Reading
Tired of cheap oil, Saudis eye price boost to drive Aramco IPO
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman attends a meeting with Chinese President Xi Jinping and ahead of the G20 summit, in Beijing, China August 31, 2016. Two years Continue Reading
Russia: Turkish gas pipeline progress continues
A Russian energy official met in Istanbul with Turkish leaders to review options for moving ahead with a gas pipeline project, Russia’s Gazprom said. Turkish Energy Minister Berat Albayrak hosted Continue Reading
Militias Corner Islamic State in Libyan City
When Islamic State captured this Mediterranean port last year, fighters tagged walls and buildings with the group’s name. Now, pro-government forces are on the verge of driving the extremists out Continue Reading
Saudi Arabia Just Boosted The Odds Of An OPEC Deal
Saudi Oil Minister Expectations for the success of the upcoming OPEC meeting in Algeria continue to seesaw, with comments from top officials from member countries continuing to alter oil market Continue Reading
Oil exports and revenue are back up
Federal Iraqi oil exports reached a four-month peak in August, boosting revenues to their highest mark in a year.The government exported 3.23 million barrels per day (bpd) in August, according Continue Reading
Saudi minister says OPEC moving to common position on oil output changes
Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Adel al-Jubeir gives a speech at Peking University in Beijing, China, August 31, 2016. Saudi Arabia’s minister of foreign affairs Continue Reading
Nigeria: New N/Delta Terrorists Attack NNPC Facility
A previously unknown militant group, the Niger Delta Greenlander, has attacked the Ogor-Oteri major delivery line operated by the National Petroleum Development Company (NPDC). The attack, which occurred at about Continue Reading
Cuba Turns to Foreign Investors as Cheap Venezuelan Oil Fades
Backers sought to help build $3.5 billion in renewables Island wants 24 percent of power from renewables by 2030 Nearly two years after presidents Barack Obama and Raul Castro announced Continue Reading