Truck Sales Hold Steady Despite Soaring Gas Prices
Oil analysts predict the price per barrel will continue to rise in months ahead, but market dynamics in new vehicle sales aren’t expected to change course anytime soon. Trucks and Continue Reading
U.S. Oil Exports Continue To Break Records
U.S. crude oil exports broke yet another record , spiking to 2.566 million barrels per day for the week ending on May 11. With U.S. shale surging and export terminals Continue Reading
API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007
April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. The first four months of this year also Continue Reading
Russia’s Gazprom raises 600 million euro loan from Credit Agricole
Russian gas giant Gazprom said on Thursday it had raised a 600 million euro ($708 million) loan from France’s Credit Agricole CIB. The five-year loan is the first financing raised Continue Reading
U.S. driven by self-interest in wanting to block Russia pipeline: German minister
A close ally of German Chancellor Angela Merkel issued a stark warning to the United States about the risks of placing “America First”, accusing Washington of seeking to block a Continue Reading
Is Russia About To Abandon The OPEC Deal?
OPEC and Russia are meeting in a little more than a month to discuss the progress of their oil production deal and what’s next. On the face of things, there Continue Reading
UK Looks To Fast-Track Shale Gas Drilling Approval
The UK government announced on Thursday plans to facilitate timely decisions on shale gas exploration planning applications in England as part of a plan to reduce dependence on gas imports Continue Reading
Gazprom’s Gas Pipeline To China 83% Completed
Gazprom is advancing with the construction of its Power of Siberia pipeline to China, which is now 83 percent complete , as the Russian gas giant looks to supply more Continue Reading
Tapping shale gas is in the national interest, British government says
The British economy could get a new lifeline by tapping into domestic resources of shale natural gas, the British secretary for energy said Thursday. “Shale gas development is of national Continue Reading
Oil price climbs above $80 a barrel
Oil climbed above $80 a barrel on Thursday as tightening supplies and strong demand took prices back to the highest levels in almost four years. Iran is in focus after Continue Reading