Houthis Prepared To Halt Oil Tanker Attacks
The Iran-aligned Houthi group in Yemen is ready to unilaterally suspend attacks in the Red Sea to support efforts to reach peace, a Houthi leader said on Tuesday, a few Continue Reading
Iraq to take over development of Mansuriyah gas field, Nassirya oilfield
Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the “delay and failure” of international companies to resume work at the field, the oil Continue Reading
Shell says to take FID on Bonga Southwest deepwater oil field soon
Shell Nigeria’s production unit Tuesday said it hoped to conclude negotiations soon on a commercial framework for the expansion of the Bonga deepwater oil field, after which a final investment Continue Reading
Argentinian players to hold Aug 13 Vaca Muerta meeting as investor issues mount
Argentinian energy industry participants are set to meet August 13 in Neuquen with labor leaders and politicians to discuss the future of the Vaca Muerta, as issues mount that could Continue Reading
Venezuela is the clear global leader in oil reserves
An annual review of energy trends from Italian energy company Eni found the United States is a “game changer,” though its Venezuela with the largest reserves. In a report running Continue Reading
PetroChina Sees Huge Boost In Profit
It’s a plight that affects all international oil majors, ranging from UK-based BP, to Irving Texas-based ExxonMobil, the world’s largest publicly traded oil company, to China’s state-owned oil and gas Continue Reading
China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
China said on Wednesday that “blackmail” wouldn’t work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a Continue Reading
Trump Advisers Urge Raising Additional China Tariffs to 25%
As Washington and Beijing struggle to break a trade impasse, some administration advisers are urging President Trump to raise the stakes with a sharp increase in the level of tariffs Continue Reading
China Sets Up EV Battery Recycling Scheme
While scores of research labs around the world look for ways to replace lithium-ion batteries with cheaper and more reliable alternatives, China has started a pilot EV battery recycling program Continue Reading
U.S. crude output slips 30,000 barrels per day to 10.44 million barrels per day in May: EIA
U.S. crude production fell 30,000 barrels per day (bpd) to 10.44 million bpd in May, as production declines in the Gulf of Mexico overshadowed gains in output from major shale Continue Reading