An Iranian tanker carrying condensate that collided with a Chinese freight ship on Saturday is still burning and could burn for a month, the South Korean Ministry of Oceans and Continue Reading
Royal Dutch Shell has sold its 20-percent stake in Iraq’s West Qurna-1 oil field to Japan’s Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Continue Reading
Donald Trump is being urged by some top advisers not to bring back U.S. economic sanctions on Iran this week, a move by the president that would effectively end a Continue Reading
Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages Continue Reading
Recurrent fuel shortages in Nigeria, ironically the continent’s prime producer of the commodity, are seen as highlighting its failure to domestically refine the petroleum products it requires for its own Continue Reading
Venezuela has more oil than any other nation in the world, but it keeps pumping less and less. Oil production fell in December to one of its lowest points in Continue Reading
The government has forced more than 200 establishments to lower prices in the middle of a hyperinflationary spiral. Venezuela’s opposition-controlled legislature said Monday that inflation in the economically struggling nation Continue Reading
The Venezuelan Parliament, run by the opposition, voted on Tuesday to declare Nicolas Maduro’s plan to issue an oil-backed cryptocurrency—the Petro—illegal, claiming that it violates the constitution and attempts to Continue Reading
Thieves in China have vandalised a newly opened solar highway, less than a week after the road was christened with much fanfare. The one-kilometre stretch of road in the eastern Continue Reading
Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it Continue Reading
China’s pace of strategic petroleum reserves growth slowed over mid-2016 to mid-2017, compared to the previous two years, in a sign that Beijing was comfortable in lowering its dependency on Continue Reading
The Trump administration’s decision to exempt Florida from expanded offshore drilling kicked off a frenzy Wednesday in other coastal states, with governors from both political parties asking: Why not us? Continue Reading
Rystad Energy expects the Trump administration’s new oil and gas leasing plan to make 65 billion barrels of oil equivalent newly available to fossil fuel exploration and production companies, according Continue Reading
Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Continue Reading
Governors and other officials from several U.S. coastal states ramped up pressure on the Trump administration on Wednesday to exempt their waters from an offshore drilling plan, hours after the Continue Reading
Florida Gov. Rick Scott said getting Florida off of President Donald Trump ‘s oil and gas plan was a hard fought battle, though some critics said it smacked of political Continue Reading
About half of the new utility-scale power on the U.S. grid last year came from renewables and most of that was in the fourth quarter, the government said. The U.S. Continue Reading
In the first quarter, foreign auto makers will produce 1.4 million cars and trucks in the U.S., roughly equal to domestic output, projects WardsAuto.com. Toyota Motor Corp.’s TM 2.00% choice Continue Reading
U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending January 5, 2018, 285,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading
New York City’s effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch the Continue Reading
New York City announced on Wednesday that it filed a multibillion-dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil Continue Reading
U.S. crude oil stocks fell last week while gasoline and distillate inventories rose more than anticipated, the Energy Information Administration said on Wednesday. Crude inventories USOILC=ECI fell 4.9 million barrels Continue Reading
It has been a good month for American energy development. The tax reform signed by President Trump contained a provision allowing for oil exploration in the Arctic National Wildlife Refuge. Continue Reading
Seeking to position himself as a national leader against climate change, Mayor Bill de Blasio on Wednesday announced a two-pronged attack against the fossil-fuel industry, including a vow that city Continue Reading
In many ways, the energy sector has been slow to adopt this new tech, but things are finally beginning to change. As ‘Big Energy’ begins to catch up, many market Continue Reading
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd Continue Reading
The Federal Energy Regulatory Commission (FERC), which regulates the U.S. electricity market, shot down a proposal from the Department of Energy that would have essentially subsidized aging coal and nuclear Continue Reading
Air pollution trapped along the Wasatch Front by winter inversions is estimated to send more than 200 people to the emergency room with pneumonia each year, according to a study Continue Reading
The shale division of British business group INEOS said it was petitioning for a judicial review of a Scottish decision to sideline onshore oil and gas work. Scotland has one Continue Reading
An Aberdeen City Council document highlights that 5,500 further jobs are expected to be lost in the city’s energy sector by 2027. An Aberdeen City Council document has highlighted that Continue Reading
With oil prices at their highest level since 2015, the next stop along the way seems to be $70 per barrel. However, some analysts see the more likely scenario as Continue Reading
U.S. oil prices hit their highest since 2014 on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating. A broad, Continue Reading
The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5, marking six large draws Continue Reading
Oil prices closed at fresh three-year highs Tuesday, as geopolitical risk and confidence in global growth continued to buoy markets. Light, sweet crude for February delivery rose $1.23, or 2%, Continue Reading
The U.S. Energy Information Administration on Tuesday raised its 2018 world oil demand growth forecast by 100,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Continue Reading
As the oil price rally continues it is looking increasingly likely that Brent will break the $70 mark, a scenario that has OPEC on edge as prices move beyond its Continue Reading
World oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the U.S. Energy Information Administration Continue Reading
When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price Continue Reading
A consortium of Japanese energy companies said Tuesday they agreed to invest in a long-term agreement involving floating production options for offshore Brazil. Japanese energy company Marubeni said it teamed Continue Reading
Arwa Alneami wanted to be an artist ever since she was a child. But growing up in the conservative region of Asir, she was constrained by a rigid strain of Continue Reading
Despite a non-binding Parliament vote, the ministry indicated it will take a practical approach to continue working with the Iraqi Kurdish company enmeshed in northern Iraq’s oil sector. Acting Kirkuk Continue Reading
Satellite imagery of two of Saudi Arabia’s largest oil refineries suggests the kingdom may have underreported its oil stores in the first half of 2017. Satellite images gathered by the Continue Reading
The East African Crude Oil Pipeline is has already been completed and it holds great opportunities businesses can benefit from. Among the partners that played a role to make the Continue Reading
Moldovan businessman Anatolie Stati will ask courts to sell US$5.2 billion worth of a stake in Kazakhstan’s biggest oil field, Kashagan, held by a Kazakh sovereign wealth fund if Kazakhstan Continue Reading
Last week, we discussed changing trends in Iraqi crude flows into Asia . Total deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked Continue Reading
Robert Murray, the chief executive one of America’s largest coal mining companies, criticized U.S. regulators on Tuesday for rejecting the Trump administration’s proposed subsidies for aging coal and nuclear power Continue Reading
Severe winter weather put a strain on the U.S. energy grid, but low consumer demand for gasoline left the price at the pump stable, market reports found. More than a Continue Reading
Bloomberg . Musk introduced the concept to industry leaders and brand fans last year. The shingles are topped with a strong glass that allows light to pass through to specially Continue Reading
Exxon has called out a deliberate discrepancy between statements made by several California municipalities and cities in lawsuits against it and more than a dozen other energy companies, and information Continue Reading
US oil production will average a record-setting 10.85 million b/d in 2019, an increase of 1.55 million b/d compared with 2017, despite expectations of increases of just $6.64/b and $7.28/b Continue Reading
