Will Lebanese Oil And Gas Ignite The Country?
While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s fitful Continue Reading
More drilling planned for Kurdish north of Iraq
Steady payments from the Kurdish government in Iraq and improved market conditions means it’s time to start drilling more, Norwegian company DNO said. DNO said it received $210 million in Continue Reading
An Energy Giant Bigger Than Exxon in the Shadow of Saudi Aramco
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco . Yet, the country’s colossal natural gas resources allow the state-run company to Continue Reading
Nigeria Rescues Oil Tanker From High-Seas Pirates
The Nigerian Navy has rescued an oil tanker from pirates near Bonny Island, even as the number of high-seas hijackers is at an 18-year low, according to the International Maritime Continue Reading
Venezuela falls behind on oil-for-loan deals with China, Russia
Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Implied global petroleum and liquid fuels inventories are estimated to have increased by 0.8 million barrels per day (b/d) in 2016. EIA expects the oil Continue Reading
THE BLOOD BATH CONTINUES IN THE U.S. MAJOR OIL INDUSTRY
The carnage continues in the U.S. major oil industry as they sink further and further in the RED. The top three U.S. oil companies, whose profits were once the envy Continue Reading
Oil Companies, Corrupt Governments to Benefit as Congress Guts Transparency Rule
On February 3, the Republican-led Senate used an obscure procedural tool to end a bipartisan provision meant to fight corruption and overseas oil bribery, a rule opposed by Rex Tillerson Continue Reading
U.S. gasoline tax hike may dent fuel demand in oversupplied market
A potential increase in gasoline taxes in several U.S. states could put a dent in demand at the pumps and mark another setback for a market already flooded with excess Continue Reading
As coal shortfall looms, miners enjoy unexpected boom
Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. Yet a coal price Continue Reading