Oil prices jump after U.S. launches missile strike in Syria
Oil prices soared by around $1 per barrel on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he Continue Reading
Missiles Hitting Producer of 0.04% of Global Oil Rocks Crude
While Syria makes only 0.04 percent of global petroleum supplies — less than Cuba, New Zealand or Pakistan — it calls one of the world’s biggest producing regions its neighborhood. Continue Reading
Geopolitical Risk Premium Is Back In Oil
WTI and Brent jumped to one month highs on the news of U.S. airstrikes in Syria, and while direct risks to oil supply are limited, oil traders are on edge. Continue Reading
Venezuela confirms young man killed during anti-Maduro protests
A police water cannon disperses demonstrators during an opposition rally in Caracas, Venezuela. Venezuelan authorities confirmed that a young man was killed on Thursday during anti-government protests and vowed to Continue Reading
New Zealand defends energy sector in wake of Shell exit
Shell’s planned exit from a natural gas field in New Zealand doesn’t indicate negativity in the country’s natural reserves, a national petroleum manager said. Royal Dutch Shell announced Thursday it Continue Reading
Ford to Make Electric Cars in China Amid Green Drive
Ford Motor Co. said Thursday that it would start building electric cars in China to tap into a state-sponsored boom in green-energy vehicles. In doing so, the Detroit-based company signaled Continue Reading
North American rig count increased in March
Exploration and production activity in North America outpaced the rest of the world in terms of general gains, oilfield services company Baker Hughes reported. The company offered its report on Continue Reading
OPEC Can’t Stop The Beat: U.S. Adds 10 Oil Rigs
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 18, 2015, according to Baker Hughes ’ latest report on domestic Continue Reading
US Congress calls for CFIUS review of Rosneft’s potential stake in Citgo
A deal to give Russia’s Rosneft 49.9% ownership of US refiner Citgo if Venezuela’s cash-strapped national oil company PDVSA defaults on its loans threatens US national security and should be Continue Reading
Three US-based LNG terminal projects report delays to operational start dates
Three US-based LNG export projects have delayed the planned start of their commercial operations, according to company updates on the US Department of Energy’s website. LNG terminal developers must provide Continue Reading