U.S. crude oil inventories increased by an astonishing 6.8 million bbl last week, according to the Energy Information Administration. Builds of this size are unusual for the summer in light Continue Reading
German company ADL and Iran’s Sepahan Oil Company (SOC) have signed an agreement to cooperate in technology transfer in oil and gas industry lubricants, Iranian media report. European embassies have Continue Reading
The Basra Oil Company (BOC) and Chevron on Thursday agreed to terms of a confidentiality agreement that could see the U.S. oil giant study – and boost production from – Continue Reading
A new report by Power Technology shows that India is taking the race very seriously, with five of the nine largest solar installations in the world. China and the U.S. Continue Reading
A cheaper rupee could increase India’s crude oil bill by as much as US$26 billion in FY 2018/19, according to Indian government officials. The currency hit a low of 70.32 Continue Reading
U.S. Energy Secretary Rick Perry praised the goal set out by Mexico’s incoming president to end massive gasoline and diesel imports, nearly all of which come from the United States, Continue Reading
On July 27, Mexican president-elect Andrés Manuel López Obrador said his government will earmark more than $9 billion for state-run energy companies next year and start working on a new Continue Reading
Although China has backpedaled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China Continue Reading
China Gas plans to increase its annual imports of liquefied petroleum gas from 2.8 million tons to 10 million tons during the next five years as it enters the petrochemicals Continue Reading
The new U.S. special representative for Iran said Thursday the Trump administration is prepared to impose sanctions on all countries that buy oil from Iran after a deadline in November, Continue Reading
