Oil prices dipped on Monday as soaring North American production was seen undermining efforts led by OPEC and Russia to tighten supplies. Despite this, traders said overall market conditions remained Continue Reading
As I write this, West Texas Intermediate (WTI) is above $66 a barrel while Brent crude is breaching $71 a barrel for the first time since December 2014. That means, Continue Reading
A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a Continue Reading
Oil production from the West Karoun oilfields in southwest Iran nearly doubled in the past year, oil minister Bijan Zanganeh said in an interview broadcast live on state TV Saturday. Continue Reading
Two years after Crown Prince Mohammed bin Salman announced his intention to turn Saudi Arabia’s state-owned oil producer into the world’s largest public company, the kingdom and its advisers remain Continue Reading
A sweeping, self-styled anticorruption campaign that has upended Saudi Arabian politics and business started with a request from the country’s king and new crown prince to prominent citizens: Make patriotic Continue Reading
In recent years, Tehran has mainly been covered in yellow smog during the winter months, but it was blanketed in snow on Sunday. Some had started praying for rain. Others Continue Reading
Because Cape Town sits between picturesque beaches and mountains, it is a favored travel destination . And, its weather during the summer is described as “almost too perfect.” That’s in Continue Reading
Alhaji Alanamu Balogun is the Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN). He spoke to DANIEL ANAZIA on why incessant fuel scarcity appears to have Continue Reading
Five months after it shut down Shell flow station at Belema, hundreds of indigenes of Kula are still occupying Shell flow at Belema in Akuku-Torlu Local Government Area of Rivers Continue Reading
The Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non-availability of crude oil. The Executive Director, Services, of KRPC, Abdullahi Idris, disclosed this Continue Reading
Mexico’s energy reform that ended a state monopoly has so far fared fairly well in the upstream sector, with oil majors snatching up offshore oil blocks in auctions. In the Continue Reading
American drivers are beginning to embrace self-driving vehicles, according to a new study from AAA. The annual survey reveals that 63 percent of U.S. drivers report feeling afraid to ride Continue Reading
Hard-nosed negotiating by railway companies is keeping Canadian oil producers from cashing in on a world-wide oil price rally. Oil producers such as Imperial Oil Ltd. IMO 0.13% , Suncor Continue Reading
China’s worst blizzards this winter have snarled the country’s railroads and highways, cutting off critical supplies of thermal coal, and fuelling a rally in prices to record highs and raising Continue Reading
The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. Now Continue Reading
Texas is set for another oil boom, with production this year expected to hit a record high. That’s according to Karr Ingham, the oil economist who created the Texas Petro Continue Reading
Professor Thomas Klinger heads up one of the world’s most advanced nuclear fusion projects at the Max Planck Institute in Greifswald, Germany, where 400 scientists from around the world have Continue Reading
Poland wants the United States to impose sanctions on the planned Nord Stream 2 gas pipeline between Russia and Germany, Prime Minister Mateusz Morawiecki said in a newspaper interview published Continue Reading
Westinghouse Electric Co signed an agreement to deliver nuclear fuel to seven of Ukraine’s fifteen nuclear power reactors between 2021-2025, and will source some fuel components locally, Westinghouse said on Continue Reading
Nuclear fusion: the end of our energy problem? 03:30 (CNN)Professor Thomas Klinger heads up one of the world’s most advanced nuclear fusion projects at the Max Planck Institute in Greifswald, Continue Reading
Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices. Brent crude futures settled up 10 Continue Reading
A weaker greenback is seen supporting crude oil prices Hedge funds boost net-bullish Brent bets to record high Oil just got an extra tailwind from a weakening dollar as this Continue Reading
Oil prices reversed earlier falls on Friday as ongoing weakness in the U.S. dollar was seen supporting fuel consumption. Brent crude futures were at $70.40 per barrel at 0756 GMT, Continue Reading
Energy stocks are finally catching up to the rally in crude prices, a sign that investors are increasingly positive about the long-term prospects of oil companies. Accelerating global growth has Continue Reading
Oil prices rose this week on the back of a weakening dollar – thanks to comments from the U.S. Treasury Secretary supporting a weaker greenback – and ongoing declines in Continue Reading
The global demand for crude oil will peak in 2030 as electric vehicles continue to chip away at the market for gasoline-powered cars and trucks. So say analysts with Bank Continue Reading
An OPEC effort to balance the market, which includes support from producers like Russia, has added about $25 per barrel to oil, the Saudi oil minister said. The Organization of Continue Reading
Company developing ‘radical’ compression engines: Al-Khowaiter Saudi Aramco says crude-to-chemicals helping drive oil demand While Saudi Arabia tries to wean its economy off crude, the nation’s flagship company is devising Continue Reading
Saudi Arabia’s crown prince is stepping up pressure on detained members of the country’s elite resisting his demands for billions of dollars in payments—moving them from a luxury hotel to Continue Reading
Saudi Arabia’s state oil company is building an oil-refining empire, a major shift for the world’s No. 1 crude producer as it tries to shore up its balance sheet ahead Continue Reading
The Iranian nuclear deal that Tehran and the world powers signed in 2015 and that led to the lifting of restrictions on Iran’s crude oil exports is “ absolutely not Continue Reading
A large number of youth claiming to be former armed militants in the Niger Delta area of Ondo State on Friday protested in Akure, the state capital, over their non-inclusion Continue Reading
Mr Macron (right) spoke at a joint press conference with Argentina’s Mauricio Macri France’s President Emmanuel Macron has called for tougher sanctions against Venezuela, accusing it of violating democracy and Continue Reading
The sale will be Mexico’s biggest, in terms of fields and expected investment, since Pemex’s monopoly ended in 2013. (Bloomberg) — If you’re a super-major oil explorer, Mexico says it’s Continue Reading
China’s northern Hebei province plans to reduce its annual coal consumption by 5 million tonnes this year by promoting the use of clean and renewable energy, the official Xinhua news Continue Reading
Beijing will shut 1,000 manufacturing companies by 2020 under a years-long plan to restructure its economy, the official Xinhua news agency reported on Saturday, citing a city official. The closures Continue Reading
The dynamics of Asia’s energy landscape is changing fast as prices – from crude oil to LNG – are staging a sharp recovery. What kind of pressure Asian importers will Continue Reading
U.S. energy companies added 12 oil rigs this week, the biggest weekly increase since March, as crude prices hovered near their highest levels since 2014, prompting drillers to return to Continue Reading
With the U.S. president touting his nation’s economy, crude oil prices wavered around even amid a weaker GDP and new support Friday for the greenback. Speaking at the World Economic Continue Reading
Gas production from three Appalachian states beats domestic demand and displaces regional supplies to the point of supporting exports, a U.S report stated. The U.S. Energy Information Administration reported in Continue Reading
President Trump speaks at an infrastructure meeting with mayors and governors at the White House in June. (Jabin Botsford/The Washington Post) The White House has drafted a proposal to scale Continue Reading
New York City’s mayor Bill de Blasio threatened Big Oil with more lawsuits on the Bernie Sanders Show podcast, comparing the industry to the tobacco giants, saying they “systematically poisoned Continue Reading
The number of active oil and gas rigs rose this week, according to Baker Hughes data, increasing by 11 total rigs. This brings the total number of oil and gas Continue Reading
From Dec 2016 to Dec 2017 US Tight oil output has increased by 975 kb/d based on US tight oil output data from the EIA. For the entire US we Continue Reading
Ultrafine aerosols—minute particles from urban (e.g., vehicles) and industrial air pollution—fuel powerful storms and influence weather much more than has been appreciated, according to a study published in the journal Continue Reading
California Governor Edmund G. Brown Jr. today signed executive order B-48-18, directing all State entities to work with the private sector and all appropriate levels of government to put at Continue Reading
The United States opposes the planned Nord Stream 2 natural gas pipeline that would connect Russia and Germany, believing it would undermine Europe’s energy security, U.S. Secretary of State Rex Continue Reading
German energy company Wintershall said Friday there could be more oil in a field near the Dutch border that’s been in production for the last 70 years. Wintershall said it’s Continue Reading
Russian security services have arrested a local hacker who planted malware at gas stations across Russia’s southern regions that had been cheating drivers out of the gasoline that they pumped Continue Reading
