Saudi Aramco, Saudi Arabia’s state-owned oil company. DUBAI—Officials at Saudi Arabia’s state-owned oil company are considering giving up on their plan to list shares in New York, London or any Continue Reading
Kurdistan authorities have accused the central Iraqi government of planning to seize oil fields in the autonomous region. Baghdad is amassing military power in two areas south of Kirkuk – Continue Reading
Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina’s Vaca Muerta shale fields, a company source said, aiming to address Continue Reading
The central bank in energy-hungry China injected funds into the economy Friday in an effort to offset risk and protect against bubbles. The official Xinhua News Agency reported Friday the Continue Reading
Chinese crude imports rose by roughly 1 million barrels a day in September, on the month, to 9 million barrels a day, according to government data released Friday. The news Continue Reading
More than 30 percent of the oil production in the U.S. waters of the Gulf of Mexico is offline because of the shut-ins from Hurricane Nate, the government said. Nate Continue Reading
The number of rigs drilling for oil in the U.S. fell by five in the past week to 743. The number of rigs drilling for oil in the U.S. fell Continue Reading
The number of active oil and gas rigs in the United States decreased this week by 8 rigs. The total oil and gas rig count in the United States now Continue Reading
U.S. crude oil exports hit an all-time high at the end of September, and are poised to surge even more to hit unprecedented levels in the coming two or three Continue Reading
As shale oil producers have rushed back into the Permian Basin after a downturn, U.S. pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Continue Reading
Hydro-Quebec seeks to supply energy to New York, Massachusetts Power would help replace losses from closing nuclear reactors The key to replacing aging nuclear plants in the U.S. Northeast may Continue Reading
The European Union is beginning efforts to establish a full value chain of advanced batteries in Europe, with large-scale Li-ion battery cell production, and the circular economy, at the core. Continue Reading
Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, Continue Reading
Crude inventories dropped 2.7 million barrels in the week to Oct. 6, slightly more than analysts’ expectations in a Reuters poll for a decrease of 2 million barrels. Sponsored Inventories Continue Reading
In its monthly oil market report, the Paris-based IEA said it continues to see global demand for crude growing by 1.6 million barrels per day (bpd) in 2017, before moderating Continue Reading
The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might Continue Reading
Gulf Keystone became the second company in as many days to announce payments for oil exported from the Kurdish north of Iraq after its referendum. Gulf Keystone Petroleum said Thursday Continue Reading
1. Deal survives The deal’s supporters and the Trump administration convince Congress not to reimpose, or “snap back”, US nuclear sanctions on Iran, which would put Washington in violation of Continue Reading
Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military, Continue Reading
Europe is scrambling to come up with a contingency plan in the face of a U.S. threat to end the nuclear deal with Iran—a move that lends a high level Continue Reading
Saudi Arabia continues to lead the charge in terms of the OPEC production cut deal – not only by keeping exports in check, but also by clearly communicating its next Continue Reading
China has numerous reasons for hating the combustion engine, and a huge incentive to hasten its demise. They are dirty, accounting for what the government says is about 30 percent Continue Reading
With Fukishima’s nuclear reactors set to restart for the first time since 2011’s meltdown, you could be forgiven if you missed another bit of recent energy-related news from the east-central Continue Reading
Although Chinese oil stocks data is opaque and hard to come by, various sources peg China’s storage capacity at up to 1 billion barrels, and assuming the estimate is accurate Continue Reading
U.S. oil major Chevron Corp has abandoned plans to explore the deep water off Australia’s south coast, long seen as a promising prospect, as weak oil prices are making the Continue Reading
The U.S. energy secretary defended his plan to reward nuclear plants with incentives against criticism it would manipulate markets by telling a congressional hearing on Thursday that a strong domestic Continue Reading
An offshore drilling act critics said was “wish list” legislation for the oil and gas industry was hailed as a strategic win by House Republican leadership. The House Natural Resources Continue Reading
Automakers and suppliers of automotive technology are making big moves toward transforming the very nature of vehicles and the amount of fuel they consume. Electric vehicles and self-driving cars are Continue Reading
Richard Branson is jumping on the Hyperloop train, the transport concept which could reduce the time it takes to travel between London and Edinburgh to just 50 minutes. The British Continue Reading
Offshore operators in the Gulf of Mexico continued to restart production on Thursday after as much as a week of shut-ins from Hurricane Nate last weekend, the US Bureau of Continue Reading
The British government said Thursday it would spend more than $3 billion on new energy systems that could help it meet obligations for a low-carbon economy. The British government is Continue Reading
The government of the global leader in EVs adoption, Norway, proposed on Thursday to trim some of the tax breaks for the heaviest electric vehicles (EVs) in a move that—if Continue Reading
In one of Big Oil’s most significant deals in the electric vehicles market yet, Shell said on Thursday that it had signed an agreement to buy one of Europe’s biggest Continue Reading
The American Petroleum Institute (API) reported a surprise build of 3.097 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories Continue Reading
LONDON (Reuters) – Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production Brent crude oil was down 20 cents at $56.74 a barrel Continue Reading
Oil prices have been grinding higher in recent weeks amid signs of strong demand and depleting stockpiles. The U.S. Energy Information Administration on Wednesday raised its forecast for 2017 oil Continue Reading
Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Continue Reading
Forecast Highlights Winter Fuels Outlook EIA forecasts that average household expenditures for all major home heating fuels will rise this winter because of expected colder weather and higher energy costs. Continue Reading
Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a Continue Reading
OPEC forecast higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, pointing to a tighter market Continue Reading
The price for crude oil next year should be around the so-called Goldilocks number for shale oil drillers in the United States, OPEC economists said. The Goldilocks scenario refers to Continue Reading
OPEC Monthly Oil Market Report. All data is through September 2017 and is in thousand barrels per day. (Click to enlarge) The above chart does not include the 14th member Continue Reading
All data below is based on the latest OPEC Monthly Oil Market Report . All data is through September 2017 and is in thousand barrels per day. The above chart Continue Reading
Few would describe Mohammed Al-Arefe as a defender of women’s rights. In one infamous video, the Saudi cleric explains exactly how a man should beat his wife. But when the Continue Reading
The KRG fears federal Iraqi forces are plotting a “major attack” days after tensions combusted into two, hour-long firefights near the disputed Bai Hassan oil field. Peshmerga deploys on the Continue Reading
For much of the past month, the Kurdistan referendum on independence and its possible implications for the region have dominated news headlines from the Middle East. The fate of Kurdistan-controlled Continue Reading
Oil prices are bound to remain low over the next couple of years, but two potential events could send them either higher than today’s levels or sinking into the $30s—new Continue Reading
WASHINGTON (Reuters) – President Donald Trump finds himself under immense pressure as he considers de-certifying the international nuclear deal with Iran, a move that would ignore warnings from inside and Continue Reading
US President Donald Trump said Wednesday he would soon reveal his strategy toward Iran and that he alone would decide on it, despite disagreement among his top advisers. Earlier Wednesday, Continue Reading
The Kurds in Syria are vying for control over oil-rich areas in the country with the Syrian Arab army, Syria’s Foreign Minister Walid al-Moallem told his Russian counterpart on Wednesday. Continue Reading
