Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Continue Reading
The U.S. Energy Information Administration said Wednesday that U.S. crude inventories had come down by 2.6 million barrels last week, ahead of the one million barrel decline predicted by analysts Continue Reading
Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a Continue Reading
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions Continue Reading
A few months from now, the U.S. will enter the winter heating season with natural gas inventories at their lowest level in years, setting the stage for pricing risks, particularly Continue Reading
Rigzone highlights different forecasts for Brent Crude in 2019. The average price of Brent Crude will be between $70 and $80 per barrel in 2019, according to a new Rigzone Continue Reading
Iran has remained within the main restrictions on its nuclear activities imposed by a 2015 deal with major powers, a confidential report by the U.N. atomic watchdog indicated on Thursday. Continue Reading
OPEC and non-OPEC oil producers will aim to formalize their long-term cooperation later this year by approving a charter that will make possible further joint action on output, according to Continue Reading
OPEC and its allies on Thursday vowed to review the monitoring mechanisms of its output agreement at the Joint Ministerial Monitoring Committee meeting in Algiers on September 23 but said Continue Reading
S&P Global Platts today cited a Japanese government official as saying it was not giving up the fight for a sanction waiver on the grounds that it would cause grave Continue Reading
Unarguably, the African continent is home to five of the top 30 oil producing countries in the world. Nigeria, with a maximum crude oil production capacity of 2.5 million barrels Continue Reading
The Nigerian National Petroleum Corporation (NNPC) is to establish two condensate refineries with 200,000 barrels per day (bpd) refining capacity at Western Forcados Area and Assah North, Ohaji South (ANOH) Continue Reading
India’s currency, the rupee, hit a new record low against the U.S. dollar on Thursday on the back of rising oil prices, end-month demand for dollars, and concerns about the Continue Reading
To hear Venezuela’s leftist President Nicolas Maduro tell it, this remote hamlet of 1,300 souls is perched on the cutting edge of an innovation in cryptocurrency. Located in an isolated Continue Reading
Venezuela’s state oil firm PDVSA has said that it signed a US$430 million joint service agreement with seven companies that would help it increase its crude oil production by 641,000 Continue Reading
Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt Continue Reading
A cloud of flies buzzes noisily around the carcass of a cow that is decomposing in a barren, grassless paddock. “She died of urea poisoning, which is a big risk Continue Reading
Australia, one of the world’s top LNG exporters, has a bright future as a hydrogen economy. This is the conclusion of a brand new road map from the Commonwealth Scientific Continue Reading
PetroChina is aiming to grow its gas output at a much faster rate than oil over the next five years as oil companies rush to meet Beijing’s call for cleaner Continue Reading
A couple of years ago Solomon Hsiang, assistant professor of public policy at University of California, Berkeley, became fascinated by an important issue: what effect does heat have on our Continue Reading
Each day across the United States, 2 billion gallons of fossil-fuel-industry wastewater flies through thousands of underground tubes. The injection wells descend into porous rock, filling gaps with brine and Continue Reading
Texas-based Vista Proppants and Logistics has struck a deal with logistics firm JupiterMLP to transload crude oil from truck to rail at Pecos, Texas, and ship crude on the Union Continue Reading
Weld County would be most affected. Spending could move elsewhere Colorado voters will decide in November whether to increase land setbacks from new oil and gas development, a measure that Continue Reading
A Canadian court on Thursday overturned approval of the Trans Mountain oil pipeline expansion, ruling that Ottawa failed to adequately consider aboriginal concerns, putting the future of the C$7.4 billion Continue Reading
Earlier this week, the California State Assembly passed SB 884 , a bill that if passed would prohibit the States Lands Commission from allowing any new wharfs, piers, pipelines and Continue Reading
Texas oil production fell in June from a year earlier for the first time in 16 months, according to figures released on Thursday by the state’s energy regulator, a fresh Continue Reading
In the 1980s, French ocean explorer Jacques-Yves Cousteau commissioned the Alcyone, a vessel named after the daughter of the wind in Greek mythology, which used turbo-sails that provided thrust in Continue Reading
Construction work for Nord Stream 2, the planned Russian gas pipeline to Europe, has started in German coastal waters, despite the threat of sanctions from US president Donald Trump and Continue Reading
Sitting in an electric car on the start line at Silverstone, about to go head to head with the latest Aston Martin, I quietly wonder what on earth I am Continue Reading
Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories. Benchmark Brent crude Continue Reading
Until a decade ago, the prices of natural gas in Europe were tightly linked to oil prices. Back then, gas delivery points and gas markets were highly segmented across Europe, Continue Reading
OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil Continue Reading
Technologies “provide a competitive advantage…whether it’s for one shareholder or several shareholders,” said Aramco’s Chief Technology Officer Ahmad Al-Khowaiter in an interview at the company’s Dhahran headquarters. Creative Energy State-run Continue Reading
In a development that must be hard to stomach for the political elite in Tehran, many Iranians are turning to U.S. dollars to offset the impact of sanctions and a Continue Reading
Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving black market for U.S. dollars as the rial continues Continue Reading
Iraq is waiting in the wings, ready to increase its crude oil exports in anticipation of slipping Iranian oil exports waiting only on the go-ahead from OPEC, acting director-general of Continue Reading
India will “definitely” not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the U.S. sanctions on Continue Reading
Japan remains firmly committed to seeking US exemption for Iranian oil imports as it sees the supplies as important for the country’s energy security and businesses, a top government official Continue Reading
Political actors in Libya, a member of the Organization of Petroleum Exporting Countries, shouldn’t settle scores through violence, the U.N. mission stated. The U.N. Support Mission in Libya called for Continue Reading
It’s easier to bury uncomfortable facts than to confront them. So this September 11, the ceremonies marking the 2001 attacks on New York and Washington, D.C., will simply honor the Continue Reading
While Nigeria’s President Muhammadu Buhari is said to be withholding signing the country’s new petroleum bill into law over concerns that it strips the president of powers over the industry, Continue Reading
The closing of a dock at Venezuela’s main oil export port could delay as much as 5 million barrels in crude deliveries to Russian company Rosneft, further complicating oil-for-loan agreements Continue Reading
After expressing concern about the long-term future offshore Norway, energy major Equinor said Wednesday that Brazil’s energy sector was now a core area. Equinor has more than 90,000 barrels of Continue Reading
A document seen by Reuters , drafted by advisors to incoming Mexican president Andres Manuel Lopez Obrador (AMLO), proposes withdrawing Mexico from the International Energy Agency (IEA) and moving closer Continue Reading
After tapping all of its near-shore capacity for wind, Norwegian certification body DNV GL said it would help China develop additional power resources offshore. Huadong Engineering Corp. has contracted DNV Continue Reading
A large study in China suggests a link between air pollution and negative effects on people’s language and math skills. The link between pollution and respiratory diseases is well known, Continue Reading
Despite the ongoing U.S.-China trade war and the upcoming U.S. sanctions on Iran’s oil exports, China’s and Asia’s biggest refiner, Sinopec, will continue to buy crude oil from both the Continue Reading
Ford asked the U.S. government back in 2015 if the cars it makes for the police could be exempt from the new mandatory rule for electric vehicles (EVs) and hybrids Continue Reading
Eni acquires 124 exploration leases in the Eastern North Slope of Alaska from Caelus Alaska Exploration. Eni S.p.A. has acquired 124 exploration leases in the Eastern North Slope of Alaska Continue Reading
In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it. (Bloomberg) — In the Continue Reading
