Since the U.S. lifted its restrictions on crude oil exports in December 2015, a dozen new countries have joined its long-term export partner Canada, which had been exempt from these Continue Reading
Russia’s Gazprom is on the verge of striking a deal with EU regulators to settle a half-decade old dispute over natural gas pricing, and the resolution could change the way Continue Reading
Decline in national stockpiles caused by West Coast drop: EIA Gulf, East Coast inventories expand; U.S. production increases Oil traded near a three-week low below $50 a barrel as U.S. Continue Reading
Oil prices were below $50 per barrel on Thursday on doubts OPEC will be able to bring together its members and Russia to organize a coordinated crude production cut. International Continue Reading
A worker walks past a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. Oil prices Continue Reading
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, Iraq October 14, 2016. REUTERS/Essam Al-Sudani/File Photo As OPEC gathers in Vienna next month to consider Continue Reading
A backlog of oil wells that have been sitting idle could put renewed pressure on oil prices once the oil starts flowing. Oil prices dipped just below $50 per barrel Continue Reading
Oil tanker The exploration of oil in Libya began in 1955, four years after the country was declared independent. 40 companies were given an area of 600,000 km2 to explore Continue Reading
Even as they lose ground around Mosul, IS militants showed their capacity for guerilla warfare, deploying 100-man squads to exploit security gaps in Kirkuk and Anbar. Kirkuk police and Peshmerga Continue Reading
Warri — After about three months of quiet, the Niger Delta Avengers resumed destruction of oil and gas infrastructure yesterday, when it bombed a Chevron-operated export pipeline at Escravos in Continue Reading
