American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the Continue Reading
Two weeks ago, it looked as if Canada’s fledgling LNG hopes would finally be resuscitated. Shell’s chief financial officer Jessica Uhl told analysts during the company’s second quarter conference call Continue Reading
A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments as energy giants sense a widening supply gap within Continue Reading
It may sound like the title of a low budget sci-fi movie, but for planetary scientists, “Hothouse Earth” is a deadly serious concept. Researchers believe we could soon cross a Continue Reading
Researchers at the University of Cambridge have identified an entirely new class of materials that could allow lithium-ion batteries to charge faster and deliver higher power performance—and at lower costs—than Continue Reading
Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, in some cases bordering on hostile takeover, then it took Continue Reading
While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime may be much larger than Continue Reading
New analysis by IHS Markit suggests that automakers failing to meet 2021 fleet CO 2 emissions compliance for passenger vehicles sold in the European Union (EU) could be fined more Continue Reading
Russia’s largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion rubles ($3.6 billion) on higher production and prices, pushing its shares to Continue Reading
Four senior geologists are calling for a moratorium on oil and gas drilling in Surrey in the UK, southeast of London, after 12 earthquakes were registered in the area over Continue Reading
Rosneft said Tuesday that it has completed the acquisition of ExxonMobil’s stakes in some joint projects set up to develop offshore Arctic, deepwater Black Sea, and West Siberian tight oil Continue Reading
Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its Continue Reading
Oil prices edged up on Monday as Saudi crude production took a surprising dip in July and American shale drilling seemed to plateau. Markets also anticipated an announcement from Washington Continue Reading
Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation, and manufacturing, middle distillates are Continue Reading
Highlights Shippers see margins soar for Iranian crude Freight premium more than doubles Shipowners in Europe still carrying Iran’s oil Flows to Europe expected to drop sharply London — Some Continue Reading
Iranians are hoarding gold as a safeguard against a collapsing local currency and soaring cost of living as the U.S. is poised to impose economic sanctions on Iran, pushing the Continue Reading
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Iraq’s election commission has completed a manual recount of votes from a parliamentary election held in May after the process was cut short in Baghdad, state television said on Monday. Continue Reading
Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability, the al-Sabah state newspaper reported on Monday. Iraq plans to raise oil production to more than 7.5 million barrels Continue Reading
The construction of the 650,000 barrels of crude oil per day Dangote Refinery by the Dangote Group is expected to help Nigeria save over $7.5 billion through import substitution and Continue Reading
Highlights US crude shipments to India surge in May, June Insurance concerns give refiners sleepless nights Eyes on incremental heavy barrels from Latin America Singapore — A question mark on Continue Reading
Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year. In fact, between Continue Reading
China’s state media on Monday lashed out at the policies of U.S. President Donald Trump in an unusually direct attack, accusing him of “starring in his own carefully orchestrated street Continue Reading
Chinese state media on Monday lambasted U.S. President Donald Trump’s trade policies in an unusually personal attack and sought to reassure investors anxious about China’s economy as growth concerns battered Continue Reading
U.S. President Donald Trump claims that his tariffs on trade are “working big time”, but this ignores signs that the best hope the United States had for boosting exports to Continue Reading
The Association of Southeast Asian Nations (ASEAN) and China have agreed on a so-called single working text to continue negotiations for a Code of Conduct (COC) in the disputed South Continue Reading
China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White Continue Reading
In W.W. Jacobs’ 1902 short horror story The Monkey’s Paw, the cursed paw grants three wishes, but in unexpected and malign ways. For the US automotive industry, President Donald Trump Continue Reading
Diesel will dominate the commercial truck segment for years to come, but when will the switchover to electrified, automated trucks seriously impact the demand for this fuel? It’s a pressing Continue Reading
The world’s biggest oil companies are systematically over-valuing their assets based on excessively optimistic forecasts of future prices, according to a leading investor. UK asset manager Sarasin & Partners has Continue Reading
U.S. energy regulators have told EQT Corp and other companies building the $3.5-$3.7 billion Mountain Valley natural gas pipeline from West Virginia to Virginia to stop all construction. The action Continue Reading
For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will Continue Reading
Eight places in Portugal broke local temperature records as a wave of heat from North Africa swept across the Iberian peninsula — and officials predicted the scorching temperatures could get Continue Reading
Crude futures pulled back on Friday, giving up gains from the previous session as trade concerns weighed on the market and fueled concerns about demand. U.S. West Texas Intermediate (WTI) Continue Reading
Oil prices are set to close out the week slightly down, although WTI and Brent regained some lost ground on Thursday. Oil traders are trying to balance two competing narratives. Continue Reading
Two-year highs for oil production from Saudi Arabia and other OPEC producers more than offset declines from Iran, Libya and Venezuela, Platts reported Friday. According to data and sentiment gathered Continue Reading
The oil market is set to tighten further before the end of this year – a sign that OPEC’s early response to boost supply may not be enough to offset Continue Reading
Despite a worsening humanitarian crisis in Yemen amid a war between the Houthi rebels and a coalition between Saudi Arabia and the UAE, the poorest Arab country has found a Continue Reading
Beijing has declined a request by U.S. envoys to stop importing crude oil from Iran, Bloomberg reports , citing unnamed sources in the know. While this is a major setback Continue Reading
Sporadic protests were taking place in cities in Iran for a fourth day, with demonstrators attacking a Shi’ite seminary west of Tehran, according to Iranian news agencies and social media Continue Reading
NYMEX September natural gas futures rose 3.7 cents Friday to settle at $2.853/MMBtu, with the market finding support as supply concerns become more imminent going into winter. Receive daily email Continue Reading
Venezuela on Friday began a census of car owners, a move the socialist government says will help determine a “rational” use of fuel but critics warn could lead to rationing Continue Reading
China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White Continue Reading
China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on Continue Reading
China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three Continue Reading
China has said it will impose new tariffs on $60bn worth of imports from the US, including aircraft and liquefied natural gas, in a rapid riposte to Donald Trump’s latest Continue Reading
China rattled investors in the US LNG export sector when it said Friday it may impose 25% tariffs on American cargoes if President Donald Trump follows through on his threat Continue Reading
Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We Continue Reading
(Reuters) – U.S. energy companies this week cut oil rigs for a second time in the past three weeks as the rate of growth has slowed over the past couple Continue Reading
California’s attorney general said the state would use every legal tool at its disposal to block President Donald Trump ‘s efforts to weaken fuel economy standards. The U.S. Environmental Protection Continue Reading
