As expected, China yesterday retaliated against the U.S. after President Trump announced a list of another US$200 billion worth of Chinese goods that will be subjected to tariffs, and slapped Continue Reading
New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks. While majors and independents alike have had Continue Reading
China’s CNOOC sold access to its Yuedong liquefied natural gas (LNG) terminal to state-owned Zhenhua Oil and private logistics firm Longkou Shengtong Energy, its first such auction as the country Continue Reading
Shipments of liquefied natural gas (LNG) from the United States to China remain cheaper than other sources despite a 10 percent tariff that was imposed on the cargoes this week Continue Reading
Summary of Weekly Petroleum Data for the week ending September 14, 2018 U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending September 14, 2018, Continue Reading
Sales of electricity in the US have barely increased despite nine straight years of economic growth. It almost looks as if the conservation ethos for American consumers has finally taken Continue Reading
What could the most recent chapter in the ongoing US-China trade dispute mean for the growing US LNG export market? In response to the Trump administration’s latest round of tariffs Continue Reading
Russian oil producer Surgutneftegaz ( SNGS.MM ) is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible Continue Reading
The U.S. is increasingly finding itself at odds against not only Beijing as Trump executes a sledge hammer approach to ongoing trade disputes with China, but also with Moscow, a Continue Reading
Russia is only three years away from maximizing oil extraction output before costs and taxes drive down production, Russia’s energy minister has warned. The Russian economy has relied on its Continue Reading
Russia’s oil production could peak as early as in 2021 due to high taxes and costs, provided there are no benefits for exploration or tax incentives introduced, Russian Energy Minister Continue Reading
Highlights Yuan, Euro most likely alternative currencies EC’s Juncker calls for greater euro role in energy trading More Russian producers preparing for trade in other currencies Moscow — Recent comments Continue Reading
Highlights Moves into sector following peers Shell and BP European majors moving into greener fuels Total also forms partnership with Nexans London — French major Total said Thursday it has Continue Reading
Oil steadied on Wednesday, as concerns that producers may fail to cover a shortfall in supply once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. Continue Reading
Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia Continue Reading
Iranian Oil Minister Bijan Zanganeh will not attend this month’s meeting of OPEC and non-OPEC states in Algeria, a ministry spokesman said on Tuesday. “Zanganeh will not attend the meeting Continue Reading
Oil prices were up early on Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel and OPEC may not be rushing Continue Reading
“This is unproductive, this is wrong,” Russia’s Energy Minister Alexander Novak recently said about the U.S. sanctions on Iran, indicating that Moscow will continue to back its ally in the Continue Reading
Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread Continue Reading
In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it Continue Reading
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
Russian Energy Minister Alexander Novak said on Tuesday that current high oil prices of between $70 and $80 per barrel were temporary and were mainly driven by sanctions, adding that Continue Reading
The Iraq War saw the use of commercial military forces — mercenaries — to an extensive degree unprecedented in the modern era. One of the military contracting firms, Blackwater (now Continue Reading
Russian state-run gas giant Gazprom and Tokyo-based conglomerate Mitsui & Co. inked a memorandum of understanding (MOU) on liquefied natural gas (LNG) development last week. The MOU was signed during Continue Reading
President Donald Trump pushed US LNG exports Tuesday as crucial to increasing European energy security during talks with Polish President Andrzej Duda while continuing his attacks on the Nord Stream Continue Reading
This week United States Ambassador to the United Nations Nikki Haley publicly accused Russia of “cheating” and “actively working to undermine” sanctions imposed by the U.N. on North Korea. In Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US Continue Reading
Oil prices firmed on Tuesday after Saudi Arabia indicated it was comfortable with a higher price range ahead of a meeting between major producing countries in Algeria. crude LCOc1 futures Continue Reading
Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply Continue Reading
West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service Continue Reading
Russian Energy Minister Alexander Novak said on Monday that all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states in Algeria this month. Continue Reading
Saudi Arabia’s sovereign wealth fund has made its second major investment in a US electric vehicles maker, striking a $1bn deal to provide much-needed financing for Tesla-rival Lucid Motors on Continue Reading
Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd, an analyst from IHS Markit Continue Reading
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Continue Reading
Highlights Kurdish deal would boost exports 400,000 b/d Progress on crude trading JVs with IOCs Baghdad — Iraq can increase oil production “immediately” to support the market ahead of the Continue Reading
Chinese President Xi Jinping and Venezuelan President Nicolas Maduro wave during a welcome ceremony in Beijing on Friday. | AP CARACAS – Venezuelan President Nicolas Maduro said Saturday he had Continue Reading
China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually Continue Reading
Major U.S. ethanol producer Green Plains Inc ( GPRE.O ) is shutting down two ethanol plants in Iowa and cutting output at another in Minnesota due to low-profit margins, three Continue Reading
Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day to 7.6 million bpd in October, the U.S. Energy Information Continue Reading
Electric vehicles continue to gain market share at an accelerating rate, but electrification could go even further, expanding into the realm of commercial trucking, marine travel and even to airplanes. Continue Reading
Exelon Generation permanently shut its single-unit 670-MW Oyster Creek nuclear power plant in Forked River, New Jersey, at noon EDT (1600 GMT) Monday, the company said in a statement. Receive Continue Reading
