An Italian court has concluded plans to deliver its first verdict on the trial of top Shell and Eni executives, over alleged corruption in the controversial Malabu scandal tomorrow in Continue Reading
CARACAS (Reuters) – Venezuela has sold 9.9 percent of shares in oil joint venture Sinovensa to a Chinese oil company, President Nicolas Maduro said on Tuesday, adding the OPEC nation Continue Reading
As Venezuelans live with an unprecedented and recurring shortage of food and medicines, suffering through an economic crisis characterized by the highest inflation in the world and the lowest wages Continue Reading
China’s demand for diesel has peaked and gasoline demand will soon follow, research from state energy giant CNPC has revealed. Reuters cites CNPC’s research division as also saying that crude Continue Reading
So far, Glencore’s gamble appears to be paying off. High demand from Asia helped thermal coal prices delivered from Newcastle, Australia, the world’s largest coal-export port, more than double since Continue Reading
The USA produced 70% of the oil in the world in WW2. 20% of the oil was produced by the Soviet Union. The British did not surrender and used its Continue Reading
Crude oil production in the U.S. shale patch will hit 7.59 million bpd next month, the Energy Information Administration said in its latest Drilling Productivity Report . This is 79,000 Continue Reading
China plans to slap tariffs on U.S. natural gas exports as trade tensions escalate, a likely setback for the burgeoning energy relationship between the world’s two largest economies. The Asian Continue Reading
The Trump administration finalized a rollback of Obama-era limits on methane that is leaked, vented or flared from oil and gas wells on federal lands, part of a one-two punch Continue Reading
BRUSSELS (Reuters) – Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to Continue Reading
