On 30 November 2016, the European Commission officially released its “Clean Energy for All Europeans” package, also known as “Winter Package” i.e., moving the EU to meet its climate change Continue Reading
U.S. crude oil inventories increased by 2.93 million barrels this week, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, compounded by larger than expected Continue Reading
Oil prices edged up on Monday, supported by statements from oil producers over the weekend that an output cut was being successfully implemented, but markets were held back by a Continue Reading
Oil prices remain flat as markets see the tremendous rig count rise in the U.S. as a strong cap on a noteworthy oil price recovery. (Click to enlarge) Chart of Continue Reading
Saudi Arabian Oil Co., or Saudi Aramco, has given up plans to partner Malaysia’s national oil company for an up to 89 billion ringgit ($20.1 billion) refining and petrochemicals project Continue Reading
Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were lifted last year, and its Continue Reading
Saudi Arabia’s rift with Egypt is spiraling out of control, with major strategic ramifications for both countries, as well as for the Yemen conflict and other Red Sea security challenges. Continue Reading
Saudi Arabia has issued a warning to local organizations that the Shamoon virus that had hit state-held oil giant Saudi Aramco in 2012 has resurfaced in a new variant, Reuters Continue Reading
OPEC Cuts Won’t Debt Global Inventories Libya is pumping 715,000 barrels a day of oil, the most since 2014, and is on track to keep boosting output this year as Continue Reading
Libya intends to reopen its oil sector to new foreign investments, its state-run oil company’s chief said Tuesday, a move that would give oil companies the opportunity to develop the Continue Reading
