Russia is ready to consider easing an arms embargo for Libya, the Interfax news agency cited Russian Deputy Foreign Minister Gennady Gatilov as saying on Wednesday. Libyan Prime Minister Fayez Continue Reading
Saudi Aramco ] signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds). The bulk of the memorandum of understanding agreements were Continue Reading
Japan’s Sumitomo Mitsui Banking Corporation Europe Ltd (SMBCE), Standard (Stanbic) Bank, and Industrial and Commercial Bank of China Limited (ICBC), the three financial advisors for France’s Total E&P, Uganda-Tanzania, and Continue Reading
Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with petrol, most of the depots in Lagos were still dry at the weekend as the Continue Reading
Italian energy company Eni said Tuesday the results of a well off the coast of Mexico meant it could raise its oil reserve estimate by more than 40 percent. The Continue Reading
Australian energy company Santos and French supermajor Total may be on board with funding for one of Australia’s biggest oil and gas prospects, a partner said. Australian energy company Melbana, Continue Reading
A Japanese court on Wednesday ordered Shikoku Electric Power Co not to restart one of its reactors, overturning a lower court decision and throwing into turmoil Japan’s protracted return to Continue Reading
ExxonMobil finally conceded to the multi-year campaign by shareholders and activists to disclose its risk to climate change, a notable departure after years of trying to dismiss the issue. According Continue Reading
Crude imports into the Louisiana Offshore Oil Port increased by 4.628 million barrels in November, as refinery maintenance season came to a close and amid a relatively stable Dubai/WTI spread. Continue Reading
Virginia’s State Water Control Board, in a split decision, agreed to grant a water-quality certificate to the 600-mile, 1.5 Bcf/d Atlantic Coast Pipeline but put off the effectiveness of the Continue Reading
Summary Empirical data does not support multiple recent allegations that the EIA’s reporting or forecasts are “wrong.” The wave of frivolous accusations against the EIA in the blogosphere preys on Continue Reading
12 Comments on “US EIA cuts 2018 world oil demand growth forecast” Makati1 on Tue, 12th Dec 2017 7:29 pm Antius, Who knows? It would take a super computer and Continue Reading
A blast in Austria and a faulty pipe in Britain hobble systems With temperatures falling, prices spike on supply concerns Just before 9 a.m. Tuesday, the gray skies over the Continue Reading
Exports of natural gas from one of the North Sea’s key fields have been halted for at least three weeks until early January, after the closure of Britain’s largest oil Continue Reading
Retail U.S. gasoline prices are holding steady, but it remains to be seen how much of a spike to expect from a British pipeline outage, an analyst said. Motor club Continue Reading
Commemorating the Paris climate agreement, European leaders said they were committed to establishing the bloc as the destination for green development. European and international delegates are in Paris this week Continue Reading
The top State Department official overseeing Europe offered harsh words Tuesday for Germany over the country’s continued support for a new Russian gas pipeline to Europe, while praising Denmark for Continue Reading
It has been a tough week already for those that heat their homes in Britain (and those that trade Natural Gas). Following extreme weather warnings and the forties pipeline crack Continue Reading
Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have Continue Reading
Global oil prices jumped to their highest level since 2015 as the shutdown of a key European pipeline sapped more crude from a market where supply has already tightened due Continue Reading
Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market Continue Reading
Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a Continue Reading
Oil prices rose and the global benchmark hit its highest level since 2015 Monday after the owner of a major European pipeline said it is shutting the system down for Continue Reading
Whatever you think of President Trump’s decision to recognize Jerusalem as Israel’s capital, it points to the most important strategic reality in the Middle East: Arab power has collapsed in Continue Reading
United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Monday that OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts, Continue Reading
Saudi Arabia will cut its crude oil exports to Asia by more than 100,000 bpd in January compared to December, while keeping its shipments to Europe and the U.S. at Continue Reading
Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has immediate Continue Reading
To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait’s Oil Minister Issam al Marzouq yesterday said the cuts may end Continue Reading
The oil swap deal that Iraq and Iran agreed to last week will run for one year and is subject to renegotiation, Iraq’s Oil Minister, Jabbar al Luaibi told media. Continue Reading
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat Continue Reading
Ford says it will build driverless vehicles at a Michigan plant previously designated for electric car production. Almost a year ago, after heavy criticism from President-elect Donald J. Trump, Ford Continue Reading
The International Energy Agency recently predicted that the United States could become the world’s top LNG exporter within ten years. This prediction, however, is far from a certain one. The Continue Reading
Vietnam was unable to export 2 million mt of coal to China this year as the latter set strict specification for mercury, arsenic, phosphoric, chlorine and fluorine content in imported Continue Reading
Imagine trying to slurp a thick chocolate shake through a J-shaped straw four miles long. That’s the kind of cheek-puckering test the American shale industry must overcome to prolong a Continue Reading
Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets. An electric bus sits Continue Reading
ExxonMobil, the world’s largest listed oil and gas group, will start publishing reports on the possible impact of climate policies on its business, bowing to investor demands for improved disclosure Continue Reading
As I write this, Henry Hub (the primary confluence of pipelines in northern Louisiana at which the NYSE daily futures contract price is pegged) is off 11 cents to $2.79 Continue Reading
Nine energy companies working in the European energy sector said Monday they made pledges to support a sustainable financial model for renewables. “Together the signatories draw on their experience to Continue Reading
The Forties oil and gas pipeline shutdown on Monday, caused energy prices in the United Kingdom to spike in the afternoon, according to a new report by Reuters . Brent Continue Reading
The oil and gas industry will continue to play a key role in North East Scotland’s growth, Derek Leith, EY office managing partner for Aberdeen, has confirmed. The oil and Continue Reading
Forties Pipeline System halted; repairs to take 2-3 weeks Interest in alternative supply from Asia, U.S. seen boosted The effects of a hairline crack in one of the world’s most Continue Reading
Vladimir Putin officially launched on Friday the Yamal LNG project in the Arctic—Russia’s second LNG plant and its push to challenge the dominance of Qatar and Australia, and the U.S. Continue Reading
Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have Continue Reading
Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. Brent Continue Reading
The surge in gasoline stocks offset the positive news of a crude inventory drawdown this week, deflating sentiment surrounding crude oil prices. Gasoline stocks jumped by a stunning 6.8 million Continue Reading
When writing about markets, here and elsewhere, I usually try to avoid the temptation to write sensational things. Words like “collapse” and “crash”, or “surge” and “explode” attract clicks, which Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk Continue Reading
It will be a lot easier for Saudis to see films on the big screen now the theater ban has been lifted. DUBAI—Saudi Arabia Monday lifted a decades-old ban on Continue Reading
The ruling Socialist Party swept local elections in Venezuela after an opposition boycott and widespread allegations of pro-government bias, setting the stage for a presidential vote next year. President Nicolás Continue Reading
Opposition parties have accused President Nicolas Maduro of running a dictatorship Venezuela’s president, Nicolas Maduro, says the country’s main opposition parties are banned from taking part in next year’s presidential Continue Reading
