Why Libya Oil Revival Hinges on Fate of Two Ports
Libya’s ability to reclaim its role as a reliable supplier of crude depends on the fate of a pair of oil ports on the war-ravaged country’s coast. Es Sider and Ras Continue Reading
Nigeria orders developers in Niger Delta to resume work within 30 days
Nigeria has given contractors 30 days to resume delayed development projects in the Niger Delta oil region or face prosecution, the presidency said on Tuesday. The government has been trying Continue Reading
Beset by delays, Myanmar-China oil pipeline nears start-up
Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the Continue Reading
Japan’s Top Oil Experts Seek Solutions to Chinese Fuel Flood Problem
Huddled deep within Tokyo’s government district, nearly two dozen of Japan’s top oil experts pore over a problem plaguing its energy industry: how can they stop China from pushing its Continue Reading
A Sign Of Slowing Demand? Chinese Refiners Reach Crude Import Quota
China’s independent refiners known as teapots have used up the amount of imported crude that the government allocated to them in January, which means imports are likely to slow down Continue Reading
Oil’s Bad Timing Pressures Drillers as Banks Review Loans
‘The next month is going to be absolutely critical’: analyst Photographer: Brittany Sowacke/Bloomberg The rally in global oil prices has stalled at the worst possible time for explorers, just as Continue Reading
New projects, shale boom could trigger oil oversupply by 2018-19: Goldman
New production projects and a fresh shale boom could boost oil output by a million barrels per year and result in an oversupply in the next couple of years, according Continue Reading
Big Oil’s Plan to Buy Into the Shale Boom
Exxon, Shell, and Chevron plan to spend $10 billion in the U.S. shale patch this year. A gas flare is seen through the window as Royal Dutch Shell’s Scott W. Continue Reading
U.S. oil production keeping oil prices low
Crude oil futures started the day slightly improved Tuesday after falling for seven of the last 10 sessions. Prices remained below the $50 per barrel mark, an improvement on January Continue Reading
Oil, Gas Job Recovery Much Slower Than Industry Rig Count, Spending Growth
Higher oil prices and a US rig count surge propel industry earnings toward recovery, but hiring is expected to lag behind, according to Moody’s Investors Service. The U.S. rig count Continue Reading