The day before Monday’s Kurdistan independence referendum, Iraq’s National Security Council called on the world to respect claims to federal control over oil and borders. Iraqi Prime Minister Haider al-Abadi Continue Reading
It may assault sensibilities of some people to insinuate that Nigerians will have to drink their oceans of oil, as it may be unscientific to suggest that the resource will Continue Reading
Japan’s Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to Continue Reading
China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in new UN sanctions intended to rein in its Continue Reading
Combination of self-driving, on-demand tech could boost growth Big Oil may take a hit as people choose new ways to travel It’s been 10 years since Apple Inc. unleashed a Continue Reading
Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said Continue Reading
Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulfur crude to meet stricter rules for cleaner Continue Reading
The world’s top shale play, the Permian, has shown remarkable resilience amid the lower-for-longer oil prices. Permian production has grown and should continue its rise into the foreseeable future. Technological Continue Reading
French oil and gas major Total extended its oil production growth target of 5 percent per year until 2022 and plans to focus on projects with a low breakeven, while Continue Reading
Russian energy company Gazprom was ranked by S&P Global Platts as the top financial performer of the year, ending the reign for Exxon Mobil. Only two U.S. companies were in Continue Reading
In my last two columns for Oilprice.com premium subscribers, I was first very clear in the opportunity I thought I saw coming in oil stocks. First, I outlined how oil Continue Reading
Oil prices ended nearly 1 percent higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding Continue Reading
Oil rose slightly after an OPEC gathering concluded with no decision on an extension or deepening of supply cuts. Futures toggled between small gains and losses in New York on Continue Reading
Oil spilled from a pipeline at the al-Teym oil field in the oil-rich desert south of Deir al-Zor in Syria after the Syrian Arab Army and its allies had recaptured Continue Reading
US President Donald Trump appears to be ready to declare Iran in non-compliance with the 2015 nuclear deal, according to Washington-based sanctions experts, but such a decision alone would not Continue Reading
The oil refinery in Warri, Nigeria, pictured in August 2015, has roared back to life after years of neglect. Nigeria and Libya have added 550,000 barrels a day of crude-oil Continue Reading
OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output Continue Reading
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its explosive Continue Reading
Nigeria may be ready to give up its status as an OPEC member exempt from the effort to balance the market with production cuts, Russia’s oil minister said. Members of Continue Reading
China’s technologically recoverable shale gas reserves dropped by 6 percent in 2016, the country’s Ministry of Land and Resources said on Saturday, with no new finds of the unconventional resource Continue Reading
Petrol tankers queue up to transport crude oil at an oil-refining plant in China, a major oil supplier to North Korea. BEIJING—China said it will reduce oil exports to North Continue Reading
U.S. energy firms cut the number of oil rigs operating for a third week in a row as a 14-month drilling recovery stalled as companies pared back on spending plans Continue Reading
Drillers cut five oil rigs in the week to Sept. 22, bringing the total count down to 744. Sept 22 (Reuters) – U.S. energy firms cut the number of oil Continue Reading
During this year’s record-breaking hurricane season, oil rigs and refineries were just as exposed as any structure on the precarious Gulf Coast, and their owners were limited to the same Continue Reading
Landfills in Colorado have begun to fill their space with low-level radioactive substances from oil and gas activities, state health officials have said , according to the local news site Continue Reading
CEOs and boards are focusing on the wrong metrics. But if they change their ways, the opportunity could be great. This opinion piece presents the opinions of the author. It Continue Reading
During its Capital Markets Day presentations, specialty chemicals company Johnson Matthey said it will invest an initial £200 million (US$270 million) starting in 2018 to build capacity to drive growth Continue Reading
Both sides in the debate over hydraulic fracturing claimed victory with a federal appeals court in Denver ruling on federal powers. The 10th U.S. Circuit Court of Appeals overturned a Continue Reading
U.S. stocks of distillate fuel oil, which have been trending downwards all year, now look tight following disruption to major refineries caused by Hurricane Harvey. The position is a marked Continue Reading
There has been more than $2 billion spent on fire suppression efforts so far this budget year in the US (the budget year runs from October 1 through September 30), Continue Reading
With the start of construction of a new wind farm off the coast of Germany, officials said the nation’s economy was supported through low-carbon efforts. German energy company E.ON, with Continue Reading
After reaching its climate targets ahead of schedule, Norwegian energy company Statoil said it was raising the bar for cutting its emissions. The Norwegian energy company, one of the more Continue Reading
Goldman Sachs has raised its earnings per share (EPS) estimates for the European oil majors’ third-quarter results, and believes that the stocks will start reversing their underwhelming year-to-date performance when Continue Reading
Flows of Russian natural gas via Gazprom’s Nord Stream pipeline into northeast Germany have resumed after annual maintenance was completed on schedule, Nord Stream AG said in a press release Continue Reading
Germany’s Volkswagen ( VOWG_p.DE ) is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars. Cobalt Continue Reading
Oil prices were narrowly higher on Friday as the market waited to see whether major oil producers would back an extension to output cuts beyond March at a meeting in Continue Reading
Oil prices wavered between small gains and losses Thursday, as investors awaited clues on whether OPEC will do more to ease a global supply glut. Light, sweet crude for November Continue Reading
Oil prices settled nearly flat on Thursday, the eve of a meeting of major oil-producing countries in Vienna to discuss whether they will extend production limits that have helped reduce Continue Reading
Natural gas prices fell for the third straight session Thursday, as inventories grew more than expected for the second straight week. Futures for October delivery fell 14.8 cents, or 4.8%, Continue Reading
Despite multilateral efforts to balance the oil market with managed production cuts, the situation in general still favors the supply side, the IEA said. The Organization of Petroleum Exporting Countries Continue Reading
The oil refinery in Warri, Nigeria, pictured in August 2015, has roared back to life after years of neglect. Nigeria and Libya have added 550,000 barrels a day of crude-oil Continue Reading
“There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published Continue Reading
The latest chapter of the “what will OPEC do next” saga unfolded on Thursday as reports emerged that the cartel and the non-OPEC producers led by Russia may discuss a Continue Reading
OPEC and non-OPEC nations meeting on Friday will discuss a possible extension of an oil supply cut deal to support prices and will consider monitoring exports to assess compliance. The Continue Reading
Sending oil north through Turkey, trade relations for the Kurdish north of Iraq could be hurt through a vote for independence, the U.S. State Department said. A referendum of independence Continue Reading
ONCE AGAIN, news from Saudi Arabia points toward the old thinking and not the modern society promised by the new crown prince, Mohammed bin Salman. Despite the lofty rhetoric of Continue Reading
The liberalization of Mexico’s energy sector has the potential for big impacts on American operations, as the country is a major market for U.S. oil and gas. Demand for oil, Continue Reading
Brazil’s Braskem has terminated a contract to buy light virgin naphtha and natural gasoline from Venezuela’s state-run oil company PDVSA that would expire this month, the petrochemical company said on Continue Reading
China Thursday increased the maximum speed of bullet trains on the Beijing-Shanghai high-speed railway to 350 kph, making it once again the world’s fastest train service some six years after Continue Reading
As the sun sets on Japan’s solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies. More than 800 projects have already Continue Reading
