China’s thermal coal prices jumped more than 4 percent on Tuesday and were on track for their biggest one-day gain since November 2016 as investors continued to fret about supplies Continue Reading
Increased U.S. crude oil exports to Asia, supported by a wide WTI-Brent spread, are eating into Asian market shares of OPEC and Russia, the cartel’s ally in the production cut Continue Reading
Judge William Alsup who is hearing a case brought by San Francisco and Oakland against five Big Oil companies, has given the plaintiffs and Chevron a homework assignment that suggests Continue Reading
Chevron, Shell, and Exxon have begun evacuating staff working on offshore platforms in the Gulf of Mexico ahead of a subtropical storm Alberto. Production has not yet been affected, the Continue Reading
Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Continue Reading
The price differential between WTI and Brent continues to widen, briefly hitting $9 per barrel on Monday, the largest discount in about three years. (Click to enlarge) Discounts of this Continue Reading
There’s been a lot of talk on both sides of the Atlantic about the U.S. pivot and efforts at locking in natural as market share in Europe. Much of this Continue Reading
Oil companies in Norway are raising their exploration spending more than expected, the head of the country’s industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators Continue Reading
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. Brent crude futures LCOc1 stood Continue Reading
Global oil prices took a hit in the last week, but a confluence of factors could carry Brent to its highest levels in more than three years this summer, according Continue Reading
