The IEA said recent pillars of oil demand growth-China and India-are ‘wobbling.’ Above, an attendant… The International Energy Agency on Tuesday sharply cut its forecast for global oil demand for Continue Reading
Global oil demand growth is slowing at a faster pace than initially predicted. For 2016, a gain of 1.3 mb/d is expected – a downgrade of 0.1 mb/d on our Continue Reading
OPEC said Monday that crude-oil output from rival producers is turning out to be stronger than expected and will result in a bigger glut of petroleum than previously believed this Continue Reading
OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing Continue Reading
Haftar’s forces seen using two ports for political leverage Facility had been scheduled for first shipment since 2014 Libya’s plans to restore oil production suffered a significant setback after forces Continue Reading
The agreement to resume exporting Kirkuk crude through the KRG-operated pipeline came after the appointment of a new Iraqi oil minister and a visit by KRG Prime Minister Nechirvan Barzani Continue Reading
More than $100 million was paid out to the Kurdish government as part of a production-sharing contract, struggling Gulf Keystone Petroleum said. The company said Monday it paid out $112.5 Continue Reading
Kirkuk conflict Baghdad has been discriminating against the province of Kirkuk in northern Iraq and has not been paying its dues for oil revenues since 2014, so there is no Continue Reading
U.S. held top spot since April 2014, according to IEA Output in U.S. has dipped by 460,000 barrels a day since May Saudi Arabia has retaken the position of the Continue Reading
A new high-speed railway (HSR) line between Zhengzhou, capital of central Henan Province, and Xuzhou in eastern Jiangsu Province started its operation on Saturday, making the total length of high-speed Continue Reading
China’s crude oil output fell almost 10 percent in August from a year ago to the lowest in more than six years, data from the statistics bureau showed, as low Continue Reading
China’s crude oil output dropped to the lowest in more than six years as the country’s state-run energy giants continued to pump less from aging, high-cost fields. Production during August Continue Reading
Anadarko Petroleum Corp. is diving even further into deepwater Gulf of Mexico with a $2 billion acquisition of assets from Freeport McMoran Oil & Gas, the company announced Monday. The Continue Reading
Barnett Shale France’s Total has beaten a private equity firm to Chesapeake Energy’s Barnett shale assets. The energy major last week said it had exercised its pre-emptive right to acquire Continue Reading
Dakota Pipeline The Obama administration shocked the oil industry last week, pulling the plug on a major oil pipeline from the Bakken that had become a flashpoint between a pipeline Continue Reading
Beneath the surge in corporate defaults lies a surge in distressed exchanges. Such exchanges — defined by Moody’s Investors Service as when a troubled company offers its lenders new or Continue Reading
At the American Public Transit Association (APTA) Annual Meeting, Proterra unveiled the newest addition to its fleet of electric buses: the Catalyst E2 series, named for its Efficient Energy (E2) Continue Reading
Solar panels The record-breaking installations of solar panels in the U.S. continues with an eye-popping 2 gigawatts installed in just the second quarter of this year, according to new data Continue Reading
With oil production on pace to increase through the year, economists at OPEC said Russia’s economy is already on a clear road to modest recovery. In its monthly market report Continue Reading
U.S. shale production is expected to fall for an 11th consecutive month in October, according to a U.S. government forecast released on Monday, on the back of a two-year global Continue Reading
Where the Oceans Have Been Colder and Hotter Than Average Average temperatures from each decade compared with the 20th-century average. Ocean temperatures have been consistently rising for at least three Continue Reading
Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact Continue Reading
Speculators boost bets on lower WTI crude prices by 37%: CFTC OPEC, Russia, other producers meet in Algiers on Sept. 26-28 The longer OPEC and other producers talk about a Continue Reading
OPEC says a price near $60 will avoid added shale production Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster Continue Reading
Passersby walk past in front of electronic boards showing Japan’s Nikkei share average (L), the Japanese yen’s exchange rate against the U.S. dollar (C), British pound (R) and Euro (2nd Continue Reading
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. China’s strategic crude oil stockpiling slowed in the first half of 2016 because of Continue Reading
Fed’s Brainard is among officials due to speak on Monday U.S., U.K. equity index futures drop following S&P 500 rout Global selloffs in stocks and bonds resumed in Asia, while Continue Reading
Gustavo Ian Wu, who manages a shop in downtown Caracas, said his family, which came… CARACAS—China spent much of the last decade building a strategic alliance with Venezuela, a country Continue Reading
Xi Jinping China, the world’s largest oil consumer, has been increasing oil imports and feasting on the low crude oil prices. Could Russia and Saudi Arabia’s plan to stabilize crude Continue Reading
With the U.S. government siding in favor of Native American protests against a key North Dakota pipeline, local oil producers and shippers are facing the possibility of greater delays in Continue Reading
How Did Alberta’s Oil Future End Up With Pipeline Companies? How did the value of your house and your future employment opportunities end up in the hands of owners/operators of Continue Reading
Ideologues hate it when the facts get in the way of their theories. California’s Gov. Jerry Brown signed trailblazing legislation last week that commits the state to audacious greenhouse gas Continue Reading
Peak Oil: gone and forgotten? Google Inc. searches for the idea that once helped propel oil prices to nearly $150 per barrel have dwindled to almost nothing, according to a Continue Reading
Offshore oil Norway has pushed the oil and gas boundaries further north in recent years, opening up the Arctic for drilling. But low oil prices and environmental opposition are forcing Continue Reading
Oil prices fell Friday on a stronger dollar and skepticism that a large drop in U.S. inventories last week marks the beginning of a trend. But prices still posted a Continue Reading
A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia’s energy minister pushed production talks off the table. Data from the U.S. Energy Continue Reading
Natural gas prices rose Friday on indications that the glut of the fuel is shrinking. The natural-gas market is oversupplied following a winter of sluggish demand and robust production. However, Continue Reading
Libya also has right to increase production: Minister Bouterfa Algeria to host talks to stabilize oil market later this month OPEC and other producers can reconcile talks aimed at stabilizing Continue Reading
Iran’s steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfill its plans to raise production to new highs Continue Reading
A rare Barnett Shale drilling rig, pictured last year. French oil major is now the… Total said on Friday it is exercising its preemption right to acquire the 75% share Continue Reading
Russian Foreign Minister Sergei Lavrov accused the United States of holding up a Syrian ceasefire at talks in Geneva with U.S. Secretary of State John Kerry on Friday and said Continue Reading
Russia and the United States agreed early Saturday on a new plan to reduce violence in the Syrian conflict that, if successful, could lead for the first time to joint Continue Reading
The Standing Rock Sioux Tribe’s attempt to halt construction of the four-state Dakota Access oil pipeline near their North Dakota reservation, a cause that has drawn thousands to join a Continue Reading
California Gov. Jerry Brown signed a pair of bills to make major cuts in the state’s greenhouse-gas emission, while allowing elected officials greater ability to oversee its progress. Already on Continue Reading
Proposed Appalachian Storage Hub might incentivize region’s ethane recovery, petrochemicals investment, says S&P Global Platts analyst. Earlier this week, Rigzone presented an article featuring the perspectives of two prominent supporters Continue Reading
Interest in the Permian Basin heats up as operators look for new tight oil upside in the Lower 48. Permian Basin merger and acquisition (M&A) deals now make up 25 Continue Reading
U.S. drillers this week added oil rigs for a tenth week in the past 11, according to a closely followed report on Friday, the longest streak of not cutting rigs Continue Reading
The Obama administration halted work on a stretch of land where Energy Transfer Partners LP is building its controversial Dakota Access oil pipeline, a move that could threaten to thrust Continue Reading
The federal government ordered a halt to work on a $3.8 billion four-state oil pipeline in the Upper Midwest on Friday, handing a temporary victory to the Standing Rock Sioux Continue Reading
Oil Rig pipeline The number of active oil and gas rigs in the United States increased by eleven sites this past week, which marked the eleventh straight week of no-decline Continue Reading
