Crude oil futures retraced losses in mid-morning trade in Asia Wednesday following a sharp overnight decline, though the near-term outlook remains volatile. Receive daily email alerts, subscriber notes & personalize Continue Reading
Oil prices climbed for the first time in three days on Wednesday, rising around 1 percent ahead of the start of U.S. sanctions against Iran next week and as stock Continue Reading
Global economic momentum is decelerating, according to a broad range of financial and real-economy indicators, which is weighing on worldwide equity markets and oil prices. The depth and duration of Continue Reading
Crude oil prices have gone up high enough to begin hurting demand for the commodity, the chief of the International Energy Agency, Fatih Birol, said as quoted by Reuters on Continue Reading
The recent drop in oil prices by around $10/b is a welcome change and gives breathing room to oil consumers, but the market is not out of the woods yet Continue Reading
The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content Continue Reading
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently Continue Reading
Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in Continue Reading
The deadline for implementation of U.S. sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic. More Continue Reading
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due Continue Reading
A Turkish ship will start drilling for oil and gas in the Mediterranean on Wednesday, Energy Minister Fatih Donmez said, a move that could create tensions with neighboring Cyprus and Continue Reading
A toxic fog is creeping over New Delhi. Children trudge to school with plastic masks strapped to their faces. Sports events are canceled. Eyes burn. Throats itch. Chests heave. It’s Continue Reading
At least 6,000 Venezuelans lined up at Peru’s northern border on Tuesday in hopes of entering the country before a deadline for acquiring residency, and another 4,000 were due to Continue Reading
Oil exports make up 95% of Venezuela’s dollar earnings, and production has been falling off in large part due to a lack of access to capital. “The reason they’ve paid Continue Reading
Brazil’s highly biodiverse Cerrado is being destroyed for soybean production, conservationists say Brazil’s far-right President-elect Jair Bolsonaro will merge the ministries of agriculture and the environment, an aide says, in Continue Reading
Pemex’s total refining utilization rate during the third week of October has reached a record low of 25.7%, an operation report from the Mexican state company showed Tuesday. The company Continue Reading
Though readings above 50 still indicate an expansion in activity, the fall was more precipitous than economists projected, with the October reading at the lowest since July 2016. “Overall, the Continue Reading
The dissonance gives rise to the perennial question about the believability of Chinese banks’ financial reports. The recent earnings improvement does look plausible. The central bank’s recent easing of liquidity Continue Reading
A fleet of new coal plants in Asia threatening to derail global emissions targets has exposed the growing “disconnect” between energy markets and climate goals. Fatih Birol, head of the Continue Reading
The Philippines said today that the country had short listed three different groups to build and operate its first liquefied natural gas (LNG) import terminal and hopes to choose one Continue Reading
Kia Motors and Hyundai Motor plan to introduce solar roof charging technology on selected Hyundai Motor Group vehicles. Electricity-generating solar panels will be incorporated into the roof or the hood Continue Reading
University of Adelaide economists have modelled the transition from a world powered by fossil fuels to one in which sustainable sources supply all our energy needs. Dr Raul Barreto, Senior Continue Reading
A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Continue Reading
The AAA auto driver club forecasts that recent declines in gasoline prices to a national average of $2.82 per gallon will be short-lived and projected rises as soon as later Continue Reading
The U.S.-China trade war is throwing off a new liquefied natural gas production plant in North America, as LNG Ltd. loses Chinese customers. Australia-based LNG Ltd. saw its share prices Continue Reading
The natural gas market is looking rather tight, even as U.S. production continues to set new records. Inventories fell sharply last winter, leaving the country a little light on stocks Continue Reading
Alphabet’s Waymo has been granted California’s first permit to test fully driverless vehicles on public roads as it races towards commercialising autonomous technology. The permit from the state’s Department of Continue Reading
The dollar rose to a 16-month high against a basket of major currencies on Tuesday, amid growing signs the United States economy is outperforming its peers. The dollar index, which Continue Reading
Continental Resources, the largest oil producer in North Dakota, has doubled its Bakken oil recovery estimates, claiming that as much as 40 billion barrels of crude may ultimately produced from Continue Reading
I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading
Violent thunderstorms, small tornadoes that blew roofs off homes, and winds equivalent to a Category 3 hurricane lashed Italy from Piedmont to Sicily early this week, leaving at least 11 Continue Reading
BP’s oil and gas production growth stalled in the third quarter but the company said Tuesday it expects upstream growth to resume withing days after closing its $10.5 billion acquisition Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday amid indicators of a potential increase in global supply. At 10:34 am Singapore time (0234 GMT), December ICE Brent Continue Reading
Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with Continue Reading
Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. Benchmark Continue Reading
Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that output will remain high and as concern over the Continue Reading
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday. Major emerging Asian economies Continue Reading
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading
According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick Continue Reading
According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick Continue Reading
Depending on who you ask, energy markets would likely be better off without more Saudi-Russia oil and gas cooperation, which will amount to greater clout in the Middle East as Continue Reading
Iraq should be exempted from U.S. sanctions against Iran because of the heavy reliance of the former on the latter for gas and electricity supplies, a senior Iraqi official told Continue Reading
A little over a quarter of a one-million-barrel offering of Iranian crude on the local energy exchange found buyers in the first day of trading, IRNA reports , as Iran Continue Reading
Iran’s president Hassan Rouhani has replaced several senior economic officials a week before U.S. sanctions against Tehran come into effect, Sputnik reports , citing a statement by Rouhani from Sunday. Continue Reading
In what must seem like a nightmare scenario for Iran, not only is another U.S. president leveling sanctions against its economy, and particularly that economy’s lifeblood, its oil sector, but Continue Reading
Although the European Union (EU) has vowed to create a special purpose vehicle to continue trade with Iran after the U.S. sanctions on Tehran’s oil return next week, the bloc Continue Reading
A total of $22.06 billion and N481.75 billion oil and gas revenues are yet to be remitted to the federation account by the Nigeria National Petroleum Corporation (NNPC), the Nigeria Continue Reading
A new report by GlobalData, a data and analytics company has said that effort by Nigeria to revive its ailing refineries alongside other upcoming private refinery projects will place the Continue Reading
It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by Continue Reading
The proposed site of the Diamer-Bhasha dam in Gilgit-Baltistan Cash-poor Pakistan is crowdfunding a drive to collect almost $17bn from its citizens, officials, businesses and stars in order to build Continue Reading
