The Trans-Alaska Pipeline will shut down three times this summer for scheduled maintenance, starting with a planned half-day shutdown on June 15, the system’s operator said. Alyeska Pipeline Service Co, Continue Reading
Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a Continue Reading
The Trump administration has indefinitely delayed a proposed overhaul of U.S. biofuels policy aimed at reducing costs for the oil industry, under pressure from corn state lawmakers who worry the Continue Reading
A refusal by US oil companies including ExxonMobil and Chevron to disclose their US tax payments is undermining the international effort to fight corruption in natural resources industries worldwide, according Continue Reading
The Trump administration is pulling out all the stops to give a leg up to coal and nuclear, moving to take unprecedented action to intervene in the U.S. electricity markets Continue Reading
Oil and gas drillers in Colorado will tweak their drilling and completion schedules for the summer as a way of supporting the state’s efforts to reduce ozone emissions, which seasonally Continue Reading
U.S. retail gasoline prices are pulling back in line with declines in crude oil prices, but continue to put a crimp on people’s wallets, analysts said. Motor club AAA lists Continue Reading
Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands as the Ukrainian company seeks to enforce the payment of Continue Reading
Oil prices fell to the lowest point since early April as traders anticipated growing domestic and global crude supplies. U.S. light, sweet crude for July delivery fell 1.6% to $64.75 Continue Reading
Brent crude futures eased on Tuesday, giving up early gains, as investors weighed the chances that global supply will increase substantially if OPEC decides this month to raise output, just Continue Reading
Oil prices fell to the lowest point since early April as traders anticipated growing domestic and global crude supplies. U.S. light, sweet crude for July delivery fell 1.6% to $64.75 Continue Reading
Oil producers should not be complacent with burgeoning oil prices. This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. The auto-industry Continue Reading
Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by Continue Reading
Hedge funds appear to be falling out of love with oil, having reined in a record-breaking bet on higher prices, as Opec and Russia discuss raising production ahead of their Continue Reading
Banks raised their forecasts for oil prices for the eighth month in a row in May, amid escalating geopolitical risks to supply in Iran and Venezuela. Those concerns have already Continue Reading
OPEC and Russia are considering raising oil production in a few weeks’ time, and while much of the focus has (rightly) been on the supply outages in Venezuela and the Continue Reading
Parties to an OPEC-led effort to collaborate on the methods necessary for a healthy market said they were committed to help offset oil production declines. Members of a joint ministerial Continue Reading
Iran’s top leader said on Monday he had ordered preparations to increase uranium enrichment capacity if a nuclear deal with world powers falls apart after the U.S. withdrawal, and he Continue Reading
Italian energy company Saipem may be interested in working in the Iranian energy market despite U.S. sanctions concerns, Iran’s energy ministry reported. Iranian petrochemicals executives meet on the sidelines of Continue Reading
Saad Sherida al-Kaabi (R), president & CEO of Qatar Petroleum, signs an agreement with Andrew Swiger, the principal financial officer of Exxon Mobil, for a stake in shale gas in Continue Reading
Saudi Aramco is restructuring its non-oil businesses into subsidiaries and possible spin-offs as it aims to streamline operations and achieve a higher valuation for its profitable core oil business ahead Continue Reading
Saudi Arabia has plunged its immediate region into major strategic uncertainty. What can only be described as a serious outbreak of shooting in the Royal Palace in Riyadh on April Continue Reading
Iran’s crude oil and condensate exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the U.S. withdrew last month from the Iran Continue Reading
A crude oil swap deal between Iran and Iraq, which was supposed to begin in mid-April, has started, Iran’s Shana agency reported yesterday, as quoted by Reuters. Under the deal, Continue Reading
Dozens of high-profile Saudis are locked up in jail, many of them denounced as traitors. Hundreds, possibly more, are barred from leaving the kingdom. And others have quietly left their Continue Reading
Iraq’s Federal Supreme Court has given the Kurdistan Regional Government (KRG) until June 27 to formally provide answers to court queries, including arguments to support its claims that its autonomous Continue Reading
With the introduction of Amnesty, training and capacity building of youths in the Niger Delta, expectations were high that the development would culminate in increased peace and end to vandalism, Continue Reading
The lack of available pipeline capacity leaves the Chinese market looking at trucking to bridge the gap for liquefied natural gas deliveries, analysis finds. A report emailed from consultant group Continue Reading
The Trump administration is pushing to greatly expand exports of crude oil and other domestic energy products to China, but tariff threats and disputes could ultimately hinder energy trade flows Continue Reading
Having drained one glut, OPEC and its allies have found a new, brimming oil hoard to worry about: China’s crude reserves. China’s state-and-commercial-owned oil stores will help the Organization of Continue Reading
China may soon be buying a lot more coal from the United States as part of a larger plan to narrow its trade deficit with Washington, according to reporting by Continue Reading
On World Environment Day, General Motors mapped out its electrification path in China. GM is on track to deliver 10 new energy vehicle models in China between 2016 and 2020. Continue Reading
Prices of U.S. biofuels blending credits hit fresh five-year lows on Monday as expectations mounted the administration of U.S. President Donald Trump would soon announce plans for an overhaul of Continue Reading
President Trump’s plan to subsidize money-losing coal and nuclear plants makes no economic sense and runs counter to the free market ideology of the party he leads. But it will Continue Reading
U.S. Energy Information Administration, Petroleum Supply Monthly with data for March 2018; Weekly Petroleum Status Report, with data for the week ending May 25, 2018; Short-Term Energy Outlook, May 2018; Continue Reading
Production from the US’ fastest-growing oil play continues to rise, but infrastructure has lagged the surging output leading to steep discounts at the region’s pricing hub. New pipelines in development Continue Reading
To say that nuclear energy has a bad name would be an understatement. To say that it has a future, however, would be to state the obvious. Despite soaring solar Continue Reading
With all the talk about sanctions, conflict and nationwide implosions, stakeholders could be overlooking a potential sleeper for the US oil market: DUCs–drilled but uncompleted wells. Many observers are wondering, Continue Reading
Industry and state leaders agreed that a plan by Pennsylvania regulators to more than double permit fees for unconventional wells would likely not put a damper on producers’ plans to Continue Reading
The US Department of Energy (DOE) will award up to $24 million in funding for 10 projects as part of a new Advanced Research Projects Agency-Energy (ARPA-E) program: Modeling-Enhanced Innovations Continue Reading
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. With natural gas pipelines in the Permian Basin reaching 98 Continue Reading
Nowhere has Russia’s resurgent power been more on display than in the Middle East , where Moscow has undeniably matched, and some would say, outstripped Washington in areas concerning diplomacy, Continue Reading
In a tight oil market reacting with price gains to concerns about supply shortages, the leaders of the OPEC and non-OPEC nations part of the production cut deal—Saudi Arabia and Continue Reading
The Trump administration is weighing an appeal from the United Arab Emirates for direct U.S. support to seize Yemen’s main port for humanitarian aid from Iranian-backed Houthi fighters, according to Continue Reading
The chances of France’s Total obtaining a U.S. waiver from the returning sanctions on Iran are not good, Total’s chief executive Patrick Pouyanné told the shareholders’ meeting on Friday. “The Continue Reading
Iraq’s crude exports rose nearly 5 percent last month, from 3.62 million barrels per day (bpd) in April to 3.8 million bpd in May, as tanker loading rates increased from Continue Reading
Leaders of China and Iran are expected to meet on the sidelines of the Shanghai Cooperation summit this weekend, which Russian president Vladimir Putin will also attend. The three leaders Continue Reading
Iran started oil swap arrangements with Iraq’s Kirkuk Sunday after resolving logistical issues, the oil ministry news service Shana reported Sunday. Kirkuk oil was unloaded from tanker trucks into tanks Continue Reading
A coalition of militant groups in Niger Delta, the Joint Revolutionary Council, has threatened to resume hostilities, if the Federal Government fails to address the problems in the region. JRC Continue Reading
An unruly 9-year-old bolted from his classroom, prompting a volunteer teacher to chase him down the hall. He would normally be hauled straight to Romina Sciaca’s office. But the guidance Continue Reading
