The power restructuring in Saudi Arabia this week led to the elevation of 31-year-old Mohammed bin Salman to crown prince, essentially ensuring that he will become the youngest king of Continue Reading
The architect of Saudi Arabia’s Vision 2030 plan is now next in line to the throne, the Saudi Press Agency announced on Wednesday, paving the way for the 31-year-old nobleman Continue Reading
Nigerian crude exports will top 2 million barrels per day in August, reaching a 17-month high, according to new data compiled by Reuters on Thursday. Attacks by militants in the Continue Reading
On 2nd May 2017, Nigeria’s House of Representatives rejected a motion requesting that the House compel international oil companies (IOCs) to relocate their headquarters to the Niger Delta. The initiative Continue Reading
Upward production trend could be maintained Producer faces joining OPEC pact as output recovers August exports seen surging to 18-month high Security situation fragile despite fall in attacks Nigerian oil Continue Reading
Venezuela’s oil company PDVSA is seeking to buy up to 6.32 million barrels of fuel in one of its largest offers on the open market in recent years, according to Continue Reading
On 22 March 2017, Sinopec agreed a deal to buy out Chevron’s downstream businesses in South Africa and Botswana, in China’s first major investment into the downstream oil industry in Continue Reading
As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance. A fuel glut Continue Reading
BEIJING — As other countries look to China to take the lead in fighting global warming after President Trump’s rejection of the Paris climate agreement , President Xi Jinping is Continue Reading
BBC . During the rally, he suggested that the idea to install solar panels on the hypothetical wall was originally his, though the green amenity had been included in several Continue Reading
Mississippi wants deal that’d have plant fueled by gas only Southern has spent years constructing the Kemper coal plant A first-of-its-kind “clean coal” power plant that utility owner Southern Co. Continue Reading
For quite some time now, many oilfield analysts have reported the beginning of a recovery in offshore rig demand. For quite some time now, many oilfield analysts have reported the Continue Reading
The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in February of last year. The play is home to some Continue Reading
U.S. Geological Survey Earthquake Catalog According to the U.S. Geological Survey (USGS), the number of earthquakes east of the Rocky Mountains has increased dramatically since 2009. More earthquakes in these Continue Reading
The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country’s populous northeast is the weakest in six years, the latest symptom Continue Reading
Russia exported 4.822 million bpd of crude oil by sea in May, down from a record 5.21 million bpd in the previous month, energy data provider Kpler has said, adding Continue Reading
Brent crude oil remained mired below $45 a barrel on Thursday leaving it further in a bear market as traders continue to lose faith in Opec’s ability to balance supplies. Continue Reading
Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to Continue Reading
A worker fills a tank with subsidized fuel at a fuel station in Jakarta April 18, 2013. Oil prices held around multi-month lows in early Asian trading on Wednesday as Continue Reading
Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to Continue Reading
Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to Continue Reading
Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to Continue Reading
E&Ps’ continued austerity, coupled with swelling oilfield service costs, will choke off the US rig count surge and bring down as many as 100 rigs by the end of 2017, Continue Reading
A service truck drives past an oil well on the Fort Berthold Indian Reservation in North Dakota, November 1, 2014. Crude oil’s bear market is highlighting the haves and have Continue Reading
A Guest post by: Dr. Minqi Li, Professor Department of Economics, University of Utah E-mail: [email protected] This Annual Report evaluates the future development of world energy supply and its impact Continue Reading
Iran has begun exporting gas to Iraq, an Iranian official told the state-run Islamic Republic News Agency (IRNA) on Wednesday, after a several years of delays. The neighbors, both members Continue Reading
Iran’s Oil Minister Bijan Zanganeh talks to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. OPEC Continue Reading
Cutting back on production levels is a difficult task for members of the Organization of Petroleum Exporting Countries, Iran’s oil minister said Wednesday. Iran ranks third among OPEC member states Continue Reading
The head of the oil and gas division of GE says Kazakhstan has a significant role to play in global energy industries. Photo courtesy of the North Caspian Operating Company Continue Reading
Saudi Arabia’s decision to reverse some of last year’s austerity measures coincides with a renewed decline in oil prices and complicates the financial and economic outlook. (John Kemp is a Continue Reading
New Crown Prince has taken confrontational stance against Iran More aggressive foreign policy won’t change oil plans: Sen After Mohammed bin Salman’s appointment as crown prince, energy markets need to Continue Reading
The chairman of the General Board of Kurdistan Areas outside the Kurdistan Region Administration discusses efforts to hold the referendum in areas outside formal KRG control, and expectations of Iraqi Continue Reading
Iraq has unlocked about 20,000 barrels per day (bpd) of refining capacity – a relatively small amount with outsize economic and political implications. The restart of the Qayarah refinery, south Continue Reading
Some of China’s top oil refineries are having to take the highly unusual step of cutting operations during what is typically the peak demand summer season when hot weather drives Continue Reading
Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard Continue Reading
Oil will continue to flow through the Dakota Access Pipeline through the summer while authorities conduct additional review of the environmental impact, after a judge on Wednesday ordered more hearings Continue Reading
Crude oil production from Norway, the region’s top supplier, was better than expected, a national energy regulator said Wednesday. Norway is a main oil and natural gas supplier for the Continue Reading
Last year’s OPEC deal to cut production managed to lift oil prices and stabilize them around US$50 for most of the first quarter this year. The higher price of oil Continue Reading
U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending June 16, 2017, 104,000 barrels per day less than the previous week’s average. Refineries Continue Reading
As the US Gulf Coast oil and gas industry prepares for the arrival of Tropical Storm Cindy late Wednesday, about 17.24% of current Gulf of Mexico oil production has been Continue Reading
The staggering drop in the cost of clean energy has already upended the global power market over the past two decades — and that trend will only continue for the Continue Reading
Mississippi wants deal that’d have plant fueled by gas only Southern has spent years constructing the Kemper coal plant A first-of-its-kind “clean coal” power plant that utility owner Southern Co. Continue Reading
‘The higher it goes, the more valuable it is,’ president says U.S. ‘spending a lot’ on design and planning of wall, he says U.S. President Donald Trump said he’s proposed Continue Reading
Oil prices held around multi-month lows in early Asian trading on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut Continue Reading
U.S. shale production has investors, traders pulling back Faith in OPEC’s ability to drain glut with cuts is receding Shale producers risk drowning in their own surplus — again. On Continue Reading
The American Petroleum Institute (API) reported a draw of 2.72 million barrels in United States crude oil inventories, compared to analyst expectations that the EIA would report a 2.0-million barrel Continue Reading
Oil has entered a new bear market, with prices falling to their lowest level this year as rising supplies threaten to derail an effort by some of the world’s biggest Continue Reading
Oil prices are back in bear-market territory, frustrating OPEC members that cut production in an attempt to boost prices and renewing fears that falling prices could spill into stocks and Continue Reading
Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market , and analysts now see the price of oil sliding further down Continue Reading
An energy installation on a property leased to Devon Energy Production Company by the Catholic Archdiocese of Oklahoma City is seen near Guthrie, Oklahoma, September 15, 2015. Oil giants including Continue Reading
