Earlier this year, car buyers were encouraged to take advantage of the Government’s new environmentally friendly decision to exempt from road tax all electric cars with zero carbon emissions that Continue Reading
Oil prices extended a rally into a sixth day on Friday, hovering near 8-week highs on a decline in U.S. inventories and OPEC’s ongoing efforts to curb production to ease Continue Reading
The Saudi Arabia-led coalition and the Yemeni government blocked four oil tankers from entering the Hudaidah port on the Red Sea, in a move that will likely worsen the health Continue Reading
President Trump, frustrated that his national security aides have not given him any options on how the United States can leave the Iran nuclear deal, has instructed them to find Continue Reading
Iraq has entered direct negotiations with a Chinese consortium for the combined Nassiriya refinery and oil field development project. PetroChina and the China National Offshore Oil Corp. (CNOOC), which have Continue Reading
Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this Continue Reading
Offshore gas developments in the East Mediterranean region are heating up. Alongside increased exploration efforts and a possible gas pipeline deal between Turkey and Israel, geopolitical risks are increasing too. Continue Reading
Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters. Continue Reading
Nigerian media reported Thursday the federal government opted to halt crude oil exploration in part of the Niger Delta because of heightened security concerns. Militants struck a crude oil pipeline Continue Reading
(Reuters) – U.S. refiners are shifting away from processing heavy crude, lessening the potential impact on their businesses and motorists of any supply disruptions from Venezuela as the Trump administration Continue Reading
U.S. sanctions on Venezuelan oil could have an impact on gasoline prices because of import restrictions. File photo by Brian Kersey/UPI July 27 (UPI) — Tightening sanctions on Venezuela could Continue Reading
The United States and Venezuela are on a collision course as President Trump promises to inflict economic pain if President Nicolás Maduro goes through with an election intended to enhance Continue Reading
As discussed over the weekend , the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only Continue Reading
Once operational, the Wind Catcher wind farm in Oklahoma will be the second largest in the world and largest in the United States, the companies involved said. The renewable energy Continue Reading
Chinese demand for diesel will rise again this year after contracting for the first time in over a decade in 2016, buoyed as the world’s No.2 economy shows signs of Continue Reading
Vietnam’s national oil and gas company PetroVietnam has said that its crude oil output is likely to go down sharply in the future due to the difficulties it is facing Continue Reading
U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Continue Reading
Oilfield service companies do not expect their businesses will get a major activity boost from oil prices in the second half of this year, but demand is robust enough that Continue Reading
While the number of drilled but uncompleted wells (DUCs) in the U.S. oil patch is growing as producers wait for higher oil prices, the shale gas plays have seen the Continue Reading
The head of General Motors Co’s Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid Continue Reading
A U.S. House panel approved legislation regarding self-driving cars, a significant step aimed at clarifying the rules of the road for manufacturers developing vehicles that pilot themselves. The U.S. House Continue Reading
Opec, Russia and Big Oil thought they had half a century to prepare for the end of the internal combustion engine. At best they have a decade before the threat Continue Reading
Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine (ICE) as petroleum powered cars and trucks are replaced by uber-clean Electric Continue Reading
Source: U.S. Energy Information Administration, based on PointLogic Energy The amount of natural gas used for electricity generation, also known as power burn, reached its highest daily level so far Continue Reading
Ben van Beurden, CEO of Royal Dutch Shell company, speaks during a meeting with Russian President Vladimir Putin in Moscow, Russia June 21, 2017. Sergei Karpukhin LONDON (Reuters) – The Continue Reading
Despite being the operator of Russia’s only operating LNG project, Sakhalin II, Gazprom has experienced quite a bit of misfortune with its pursuits. Its flagship endeavor, Shtokman LNG , ran Continue Reading
Royal Mail has signed an agreement with Peugeot to purchase 100 Partner L2 Electric vans, to be used as delivery vehicles. The vans will go into service from December 2017 Continue Reading
Oil prices dipped on Thursday after three days of gains, but were sitting just below 8-week highs on hopes that a steeper-than-expected decline in U.S. crude oil inventories will reduce Continue Reading
OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and demand Continue Reading
European governments are making a big splash, pledging an assault on traditional cars to help clean up polluted air in cities. The latest strike came Wednesday in the U.K., which Continue Reading
The sweltering heat of Saudi Arabian summer will feel like a cool breeze compared to the geopolitical fire that could soon take over the country if ongoing internal power struggles Continue Reading
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel. Continue Reading
In the latest round of OPEC promises, Kuwait’s state run oil company has pledged to cut “contractual sales volumes of oil for 2017” according to Bloomberg Markets . Kuwait Petroleum Continue Reading
Nigeria is now saying that “era of oil booms” may be over—for good. According to its national petroleum policy approved this week by the federal executive council, the country plans Continue Reading
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country’s opposition launched a two-day strike on Wednesday, heaping pressure on unpopular President Nicolas Maduro to scrap plans Continue Reading
The US Treasury Department sanctioned 13 Venezuelan government officials Wednesday, including officials with state oil company PDVSA, in an effort to pressure Venezuelan President Nicolas Maduro to abandon plans for Continue Reading
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an interview. Continue Reading
A Chinese economic official on Thursday indicated that policymakers would be willing to sacrifice some short-term economic growth in order to deal with systemic risks. “(China can’t let smaller risks) Continue Reading
China’s import of US crude oil crossed 1 million mt for the first time in June, an eight-fold rise year on year, as elevated Dubai prices prompted both state and Continue Reading
A $27 billion energy project in Canada just became the latest casualty of a worldwide glut of natural gas. Malaysia’s Petroliam Nasional Bhd abandoned on Tuesday its plans for the Continue Reading
Canada stills needs to find ways to get its gas assets out of North America, TransCanada says after a project slated for British Columbia was scrapped. File photo by Stephen Continue Reading
Over the past decade, California has passed a sweeping set of climate laws to test a contentious theory: that it’s possible to cut greenhouse gas emissions far beyond what any Continue Reading
The Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the world’s top oil consumer. According Continue Reading
The U.S. Department of Commerce is due to submit a plan to President Donald Trump regarding a presidential memorandum on the use of American-made steel and iron products in pipelines. Continue Reading
Texas oil is booming, and so are the sand mines needed for fracking the wells. But hydraulic fracturing leader Halliburton is warning that its surging sand use is finally topping Continue Reading
As a presidential candidate, Donald Trump spent a lot of time currying the favor of the ethanol industry, barnstorming its rural Midwest base and repeatedly expressing his support for biofuels Continue Reading
U.S. refineries are producing more fuel than ever as they seek to meet rising demand – from overseas, rather than the drivers on nearby roadways. Last year, the U.S. became Continue Reading
With a vote of 419 to 3, the House of Representatives passed legislation envisaging firmer economic sanctions against Russia as well as a stipulation that would make it harder for Continue Reading
The Electric Reliability Council of Texas was expected to set new load highs three days in a row from Wednesday, propelled by the continued heat in the region. ERCOT forecast Continue Reading
U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending July 21, 2017, 166,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
