Iraqi Shia Militia Smuggles Oil Into Iran
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization is Continue Reading
The Aramco Accounts: Inside the World’s Most Profitable Company
Saudi energy giant made $33.8 billion in first half of 2017 Tougher royalty regime imposes higher taxes as oil prices rise It’s a cornerstone of the global economy, producing and Continue Reading
IEA: U.S.-China Trade Row Could Dampen Oil Demand Growth
OPEC is very close to achieving its mission to draw oil inventories down to their five-year average, but the ongoing U.S.-China trade spat is a risk to oil demand growth Continue Reading
OPEC-member Angola could be on the rebound
With production close to a two-year low, presidential action in OPEC-member Angola has the potential to reverse a steady decline, analysis finds. “Low oil prices and the fact that the Continue Reading
India needs broad-based energy support, IEA says
The Indian economy needs a balanced energy sector where growth in renewables is complemented by deeper invests in exploration and production, the IEA said. IEA Executive Director Faith Birol has Continue Reading
Massachusetts top court rules against Exxon in climate change probe
Massachusetts’ top court on Friday rejected Exxon Mobil Corp’s bid to block the state’s attorney general from obtaining records to investigate whether the company for decades concealed its knowledge of Continue Reading
U.S. Rig Count Climbs As Oil Rallies
Baker Hughes reported a 5-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1008, which is Continue Reading
Baker Hughes: US Drillers Add Oil Rigs For Second Consecutive Week
US energy companies added oil rigs for a second week in a row. April 13 (Reuters) – U.S. energy companies added oil rigs for a second week in a row, Continue Reading
EPA ‘Secret’ Biofuel Waivers Undercut Trump’s Pledge to Farmers
Even as President Donald Trump floats the idea of more ethanol sales, critics says moves by his Environmental Protection Agency would undercut the support to corn farmers. On Thursday, Trump Continue Reading
Geopolitical tensions keep crude near 3-year highs; ICE Brent at $71.59/b, WTI $66.56/b
Crude oil futures were fluctuating near fresh three-year highs Thursday morning in European trade, as market jitters over a confrontation between Russia and the US in Syria largely outweighed bearish crude Continue Reading