Coal India misses December output target by 4.26 million mt
State-owned Coal India Limited produced 54.63 million mt of coal in December 2017, falling short of its 58.89 million mt target, the company said in a filing to the Bombay Continue Reading
China set to top Japan as world’s biggest natural gas importer
Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas, used to replace dirtier coal. China – already Continue Reading
Weather Bomb Threatens Boston With Heaviest Snow of the Season
Powerful winter storm set to sweep up East Coast Thursday The worst of it, for now, will be in Eastern Massachusetts Boston is about to get hit with a snow Continue Reading
Russian daily oil output edges up in 2017 to 30-year high
Russian oil production has continued to grow in 2017, with average daily output at a 30-year high of 10.98 million barrels per day, though the pace of growth slowed from Continue Reading
Shell’s departure from Denmark’s refining business canceled
A $30 billion divestment program will be completed this year even after an agreement to sell a Danish subsidiary dissolved, Royal Dutch Shell said Tuesday. Shell said an agreement signed Continue Reading
Forties Pipeline System Now Fully Operational
The Forties Pipeline System is now fully operational following repair work on the asset, Ineos has confirmed. All restrictions on the flow of oil and gas from platforms feeding into Continue Reading
Storm Eleanor: Travel disruption and homes without power
Enable it in your browser or download Flash Player here .Sorry, you need Flash to play this. Fire crews were called to fix scaffolding outside a building near Oxford Circus Continue Reading
Oil posts strongest year opening since 2014 as Iran unrest pushes up crude
Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led Continue Reading
Death Toll Rises in Iran as Widespread Protests Continue
Iranian students clashed with riot police during an anti-government protest around the University of Tehran on December 30. A wave of protests in Iran on a scale not seen in Continue Reading
Iranian crackdown intensifies after police posts attacked
Police have arrested more than 450 protesters in the Iranian capital Tehran over the past three days, the deputy provincial governor said on Tuesday, as a crackdown intensified against anti-government Continue Reading
Saudi Arabia may keep February Arab Light crude to Asia near three-year high
Top oil exporter Saudi Arabia is expected to keep the February price for Arab Light crude steady, close to the highest in more than three years, while lowering prices for Continue Reading
Sharp Reversal: Natural-Gas Investors Are on Edge
In early December, short bets on natural gas by money managers, hedge funds and other speculative investors outnumbered long ones—indicating investors were expecting natural-gas prices to drop further. Investors wagered Continue Reading
Proposed Changes to Offshore Drilling Rules Raise Safety Questions
Two offshore oil platform rigs are under construction in Port Fourchon, La. The Trump administration’s proposed changes to offshore oil drilling rules are raising fundamental questions over whether safety regulators Continue Reading
U.S. Shale Can’t Offset Record-Low Oil Discoveries
The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices Continue Reading
Free Trade Has Been a Boon for Energy Independence
As turbulent as Donald Trump’s political career has been thus far, he has always been consistent about two things: First, that the U.S. should aggressively pursue energy independence; second, that Continue Reading
Russia’s Grip On European Gas Markets Is Tightening
Gazprom shipped 190 billion cubic meters of natural gas to Europe in 2017—a record high, according to Bloomberg . In 2018, that figure is expected to dip slightly to 180 Continue Reading
Russia Tightens Oil Grip With China’s Second Pipeline
New project to China’s Daqing city runs smoothly, Xinhua says Two parallel lines can transmit 30 million tons of oil a year A second Sino-Russian oil pipeline began operations on Continue Reading
UK Smashes 13 Clean Energy Records In 2017
It was a record year for powering the country using renewables in the UK, National Grid has revealed, making 2017 the “greenest year ever”. The year saw 13 clean energy Continue Reading
The Biggest Threats to China’s Economy in 2018
U.S rate hikes, tax cuts and trade tensions may darken outlook A slowdown in construction is seen as ‘the biggest fault line’ China’s economy begins 2018 facing what its own Continue Reading
Global economic growth in 2018 on track to be fastest since 2011
The global economy is set to grow by almost 4% in 2018 in purchasing power parity (PPP) terms, adding an extra $5 trillion to global output at current values, according Continue Reading
Rouhani backs right to demonstrate as protests rock Iran
Iran’s president Hassan Rouhani appealed for calm on Sunday after the country was rocked by the biggest anti-regime protests in a decade. He told protesters they had the right to Continue Reading
Ten people killed in Iran unrest on Sunday: state television
Ten people were killed during street protests in Iran on Sunday, state television said on Monday. The nationwide protests have drawn in tens of thousands of people and represent the Continue Reading
Israeli pipeline, once a link to Iran, will remain a mystery
An oil pipeline company established decades ago by Israel and Iran, and a new Israeli company that is meant to replace it, can continue to operate secretly, an Israeli parliamentary Continue Reading
Production restarting after repairs finished on Libyan oil pipeline: engineer
Repairs have been finished on a Libyan oil pipeline damaged in a suspected attack five days ago and production is restarting gradually, engineers said. The blast and resulting fire on Continue Reading
Tunisia raises fuel prices in push to reduce deficit
Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget Continue Reading
Saudi Arabia hikes gasoline prices
Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan Continue Reading
Saudi Arabia’s New Foreign Policy Is Not Without Risk
Crown Prince Muhammad bin Salman is solidifying his position and changes to the foreign policy of Saudi Arabia. His main objective is the forceful consolidation of the Arab camp against Continue Reading
Oil-Rich Venezuela Is Out Of Gasoline
After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and Continue Reading
Higher Oil Prices Slow China’s Crude Stockpiling
Taking advantage of the low oil prices, China increased its Strategic Petroleum Reserve (SPR) by almost 14 percent between June 2016 and June 2017, according to data by its National Continue Reading