Iranian officials blame Saudi Arabia for training and funding the separatist group. Saudi officials haven’t commented on the attack and didn’t respond to questions seeking comment. Late Saturday, Iran’s foreign Continue Reading
The scarcity could push prices above $80 a barrel, potentially putting a strain on U.S. consumers as they decide whether President Trump’s Republican Party will remain in control of both Continue Reading
President Hassan Rouhani said on Sunday Iran was ready to confront the United States and its Gulf Arab allies, a day after an attack on an Iranian military parade killed Continue Reading
South Korea has bought no Iranian crude oil for about three months after the reimposition of U.S. sanctions on Tehran, a spokesman for the Iranian oil ministry was quoted as Continue Reading
Iran’s president Hassan Rouhani has accused the US of “starting a war” against the Islamic system as he prepared to visit New York in a bid to rally the UN Continue Reading
Solar and wind farms, stretched across North Africa’s Saharan desert and relying solely on existing technologies, could produce enough electricity to power the entire world. (That amount of electricity approximates Continue Reading
Iraq depends on Iran for more than one-third of its power generation — a major sticking point as Washington prepares to re-impose sanctions. Iraq is negotiating with the U.S. for Continue Reading
Saudi Arabia intends to raise crude production in the coming months to meet mounting customer demand, energy minister Khalid al-Falih said Sunday, rejecting criticism from US President Donald Trump that Continue Reading
Libya’s crude oil production is currently at its highest in more than five years despite current security challenges, the chairman of the state-owned National Oil Corporation said Sunday. Receive daily Continue Reading
Algiers — Saudi energy minister Khalid al-Falih on Sunday rejected accusations by US President Donald Trump that OPEC was keeping oil prices elevated through anti-competitive behavior. Receive daily email alerts, Continue Reading
With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, Indian refiners are considering cutting back their imports and relying more on Continue Reading
Saudi Aramco’s planned acquisition of a majority stake in Sabic, the Saudi state-controlled chemicals and materials group, is central to its plans to diversify its revenues and prepare for tighter Continue Reading
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested Continue Reading
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued Continue Reading
It’s only September but Nigerians are already dreading Christmas. For years, the holiday season has been marred by paralysing fuel shortages, grinding business to a halt. “Every December, I guarantee Continue Reading
Nepal’s new government has reversed its predecessor’s decision and has asked China Gezhouba Group Corporation to build the nation’s biggest hydropower plant, an official said on Sunday, as it seeks Continue Reading
Indian refiners are considering using their oil inventories to cut import costs as global oil prices have risen to about $80 a barrel and the Indian rupee has plunged, said Continue Reading
While the Permian has experienced a drilling boom and has received tons of media attention, a lesser-known but still remarkable revival has been underway in the Bakken this year. At Continue Reading
Sino-US tensions escalated sharply at the weekend as China declined an invitation to explore further trade talks and summoned Washington’s ambassador to Beijing to protest over sanctions imposed on a Continue Reading
According to recent surveys, investors say the biggest risk they see is the trade war. Generally, financial markets do not reflect this, perhaps because the economic impact so far is Continue Reading
Russian Energy Minister Alexander Novak told Rossiya state TV that high oil prices are not beneficial to anyone, after the OPEC and non-OPEC group of oil-producing countries ruled out any Continue Reading
French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the Continue Reading
Aurelio Peccei in 1969, when he was appointed the first president of the Club of Rome The Club of Rome is inextricably linked to the legendary report that it commissioned Continue Reading
Crude futures settled higher after a volatile session Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX November WTI settled up 46 cents at $70.78/b Continue Reading
Baker Hughes reported a loss of two rigs in the United States this week, bringing the total number of active oil and gas rigs to 1,053 according to the report, Continue Reading
Oil prices gained this week on outages in Iran and data showing demand from the United States in August was the highest since 2007. “Exports are already down quite a Continue Reading
OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions, a source Continue Reading
Saudi leaders face pressure from the United States to raise crude oil production. Photo by photostock77/Shutterstock Sept. 21 (UPI) — Saudi Arabian leaders find themselves in a tough spot going Continue Reading
An OPEC and non-OPEC monitoring committee found that oil producers’ compliance with a supply-reduction agreement reached 129 percent in August, two committee delegates said on Saturday. Compliance with the agreed Continue Reading
Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s Continue Reading
Gunmen fired on a military parade in southwestern Iran on Saturday, killing 24 people, half of them members of the Revolutionary Guards, state news agencies reported, in one of the Continue Reading
At least 10 people have been killed, including members of Iran’s elite Revolutionary Guards, and at least 21 people wounded after militants opened fire on a military parade in the Continue Reading
A supertanker called Happiness is carrying 2m barrels of trouble for Iran. The crude vessel filled up at a terminal operated by Iran’s national oil company on Kharg Island at Continue Reading
India’s Reliance Industries has shut down an oil and gas field in the offshore Krishna-Godavari basin after its production rates began to decline several months ago, the company said in Continue Reading
With growing demand for natural gas for power generation and other applications, Mexico needs to prioritize a domestic production increase, the head of Mexico’s National Hydrocarbons Commission told Reuters this Continue Reading
To recover Mexico’s natural gas production, the country’s National Hydrocarbon Commission (CNH) has recommended creating a state-owned upstream company dedicated exclusively to gas, the regulator said in a technical document Continue Reading
The owners of an idled oil refinery in the U.S. Virgin Islands that once ranked among the world’s largest have hired a former Hess Corp executive closely acquainted with the Continue Reading
The taste for tiny EVs has become a quirky subplot in China’s push to become a world leader in electric cars. Roughly 1.75 million micro-EVs were sold in China last Continue Reading
The U.S. State Department on Friday issued an environmental assessment of a revised route for the Keystone XL crude pipeline that concluded it would not harm water or wildlife, clearing Continue Reading
However, the move fell short of previous proposals for a 25% tariff, alleviating some of the worries over the impact to U.S. natural gas exports. Shares of LNG exporters Cheniere Continue Reading
Excluding hydroelectric power, renewable energy generates 2% of U.S. electricity. Maybe it will grow to 4% in the next 10 years. So don’t blame regulators, President Trump or renewables for Continue Reading
Developer says 89-mile pipeline should be included in hydro permit FERC warns developers could use licenses to push through unrelated pipe The US Federal Energy Regulatory Commission on Thursday narrowed Continue Reading
Top officials from California, Maryland and Connecticut vowed Friday to take whatever legal action necessary to preserve their tougher tailpipe rules if the Trump administration rolls back federal fuel economy Continue Reading
The U.S. Environmental Protection Agency (EPA) has clearly documented the multiple risks — despite repeated dismissals from the oil and gas industry — that hydraulic fracturing (fracking) poses to drinking Continue Reading
Floodwaters on Friday breached a dam that contains a man-made lake connected to a Duke Energy power plant in North Carolina, possibly causing coal ash to flow into the nearby Continue Reading
It is on track to make money in 2018, but high regulatory costs and shifting market dynamics that put East Coast refineries at a disadvantage have made the plant more Continue Reading
It has been a decade since TransCanada first applied to build the Keystone XL heavy oil pipeline from Alberta to the Texas Gulf Coast, and the project’s fate is not Continue Reading
U.S. energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation’s largest oil field, where production was forecast to grow at Continue Reading
Plains All American L.P. will begin operations on an expanded West Texas oil pipeline on Nov. 1, helping to ease a bottleneck that has weighed on Midland crude prices for Continue Reading
Continental and Knorr-Bremse AG have entered into a partnership to develop a complete system solution for highly automated driving (HAD) in commercial vehicles, initially focused on automated convoy driving (platooning). Continue Reading
