Saudi Aramco, the Crude-Oil Giant, Becomes a Force in Refining
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
Iran Says Nuclear Deal “Absolutely Not Renegotiable”
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
Nigeria: ‘Niger Delta Militants’ Protest in Ondo
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
France urges tough Venezuela sanctions
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
Oil’s Heavy Hitters Line Up to Dive Into Mexico’s Deep Waters
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 Hebei province to cut coal use by 5 million tonnes this year: Xinhua
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 to shut 1,000 manufacturing firms by 2020 – Xinhua
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
Asia’s energy landscape in 2018
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. drillers add most oil rigs in a week since March: Baker Hughes
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
Oil prices pressured by slip in U.S. GDP
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