Falling Chinese Oil Imports Weigh On Prices
China imported 12 percent less crude oil in December than in November, when crude imports had hit a record high, sparking immediate concern about demand from one of the world’s Continue Reading
China Gas Imports Hit All-Time High
Natural gas imports into China reached an all-time high in December as the country fought a cold spell amid efforts to reduce its dependence on coal and replace it with Continue Reading
U.S. drillers add most oil rigs in a week since June: Baker Hughes
U.S. energy companies added 10 oil rigs this week, the biggest increase since June, as crude prices rose to their highest levels in three years, prompting drillers to return to Continue Reading
Come see how bad drilling will be for New Jersey, state tells Zinke
Visit New Jersey to hear from those that will lose out if Florida is the only state pulled from offshore drilling plans, a senator told the interior secretary. Some Republican Continue Reading
U.S. Extends Iran Nuclear Deal, Issues Sanctions
The Trump administration extended sanctions relief under the landmark 2015 Iran nuclear agreement, keeping the deal intact for at least another several months, but said it would issue no more Continue Reading
Trump Stops Short of Reimposing Iran Sanctions but Sets Deadline to Overhaul Deal
WASHINGTON — President Trump again stopped short of reimposing punitive sanctions on Iran that could break up its nuclear deal with world powers, the White House said on Friday. But Continue Reading
Oil drillers in Canada boost rigs to 10-month high: Baker Hughes
Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months as producers returned en masse from Christmas breaks Continue Reading
China may invest in Russian oil pipeline company Transneft
China could become one of the major shareholders in Transneft, the state-backed oil pipeline company in Russia, one of its directors said Friday. Transneft First Vice President Maxim Grishanin said Continue Reading
Hope Wanes for ‘Elephant’ Oil Discoveries in Norway’s Arctic
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes. (Bloomberg) — After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s Continue Reading
The Most Remarkable Natural Gas Deal Of 2018
The potential first delivery of Russian LNG to U.S. shores is ruffling some feathers, due to sanctions in place on Novatek, one of the partners in the Yamal LNG terminal Continue Reading