White House officials pushed the EPA to maximize savings for the oil industry despite the agency’s concern that weakening regulations would allow more methane to escape into the atmosphere, according Continue Reading
A new study led by researchers at the University of North Carolina at Chapel Hill has found that deaths related to air pollution in the US were nearly halved between Continue Reading
German industrial conglomerate Thyssenkrupp has declared force majeure as the Rhine’s extremely low water levels are disrupting the delivery of raw materials to its Duisburg plant, the company said on Continue Reading
Europe’s fuel oil market was rattled on Friday by reports that the Trump Administration may look to slow down the introduction of the new regulations limiting sulfur content in ship Continue Reading
The government should ban sales of virtually all new petrol and diesel cars by 2032, a group of MPs say in a withering report that labels the current 2040 target Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Friday amid mild bargain hunting after an overnight fall, while data on Saudi Arabia’s crude production and exports also provided Continue Reading
China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy. The Shanghai Composite Index fell nearly Continue Reading
The buildup, “amid the upward trend in US crude oil production, could be a bearish factor for oil prices in the coming few weeks,” the report said. OPEC’s assessment came Continue Reading
Crude oil prices fell again Thursday with WTI prices falling below $70. Photo by James Jones Jr./Shutterstock/UPI Oct. 18 (UPI) — Projections of $100 oil at the end of 2018 Continue Reading
CHANGE VALUES, CONSUMPTION AND PRODUCTION “The consumption and production patterns and values of far less than half of the world population over less than 100 years has led us to Continue Reading
Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was one Continue Reading
The crude oil futures market has felt the rise of U.S. crude oil exports with growing volumes of West Texas Intermediate futures and options traded in Asian and European hours, Continue Reading
An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according Continue Reading
Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Continue Reading
The Abu Dhabi National Oil Company (ADNOC), the producer of nearly all of the oil in the UAE, began producing and exporting a new crude grade, Umm Lulu, in October, Continue Reading
Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, Continue Reading
Tankers carrying some 22 million barrels of Iranian crude are on their way to the Chinese port of Dalian, Reuters reports , citing ship-tracking data, and noting this is a Continue Reading
U.S. sanctions on Iran take effect in a little over two weeks, and the Trump administration has already had quite a bit of success in knocking Iranian supply offline. But, Continue Reading
Saudi Aramco signed on Thursday an agreement to invest in a 400,000-bpd refinery and associated petrochemical plants in eastern China as part of Saudi Arabia’s push to expand its downstream Continue Reading
The Qayarah oil field is continuing its resurgence, trucking its increasing production to both a nearby refinery and 960 kilometers south to the Khor al-Zubair port for export. Although the Continue Reading
The United States is mulling over more sanctions against Venezuela, but crude oil exports will not be among the sanction subjects, Reuters reports , quoting a Washington official. The source Continue Reading
Brazil and Petrobras show something in common with US LTO: even with a lot of debt and desire, and a strong resource base it is difficult to raise production in Continue Reading
Canada’s oil industry woes have been a topic of discussion in the media for some time now, what with the persistent delays in the Trans Mountain expansion, unyielding opposition to Continue Reading
The authorities of Zhoushan, an island city in eastern China, said they were in talks with Exxon on the construction of an ethylene plant worth US$7 billion, Reuters reported on Continue Reading
The rate of growth in the third quarter dropped to 6.5%, falling short of market expectations, official statistics released Friday showed. Growth in industrial output and consumption weakened in the Continue Reading
China’s top economic official made a high-profile bid to bolster confidence in the country’s economy, stock markets and reform programme as Beijing reported its slowest quarterly growth figure in almost Continue Reading
Sputtering growth, soaring debt and an escalating trade war with the United States are increasingly weighing on China’s economy. China’s government on Friday reported that the economy grew by 6.5 Continue Reading
As of today, recreational cannabis consumption is legal in Canada. While many Canadian citizens and companies will be celebrating the reform, not to mention preparing to capitalize on this green-golden Continue Reading
BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule. BP’s Thunder Horse Northwest Expansion offshore Gulf of Mexico is starting four months Continue Reading
Technology is increasingly becoming more important for oilfield services companies to gain an edge in what’s still a recovering market. Technology is increasingly becoming more important for oilfield services companies Continue Reading
JupiterMLP is building a 670-mile oil pipeline linking the Permian to Texas’ three deepwater ports. JupiterMLP, LLC anticipates a November open season for capacity on the 1 million barrel per Continue Reading
BP said on Thursday that it had started up ahead of schedule its Thunder Horse Northwest Expansion project in deepwater Gulf of Mexico, adding 30,000 bpd to the Thunder Horse Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday after a build in US crude stocks as ongoing global supply concerns blunted further declines. At 10:45 am Singapore time Continue Reading
Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. FILE Continue Reading
Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 million barrels, almost triple Continue Reading
Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading, Continue Reading
Oil prices fell to a one-month low on Wednesday, pushed down by a rather bearish report from the EIA that showed a large increase in crude inventories. Brent briefly dipped Continue Reading
The oil shocks of 1973/74 and 1979/80 are now mainly remembered for the disruption and hardship they caused in the major oil-consuming countries. But they marked a lasting inflection point Continue Reading
How much will climate change cost, and how much should we – or anyone – spend to avoid that cost? One answer that’s received a lot of attention in the past Continue Reading
The offshore drilling segment of the energy industry was among the hardest hit by the 2014 downturn. Many went under, and those that did survive were on their last legs Continue Reading
The 2018 Global Agricultural Productivity (GAP) Index, put together by the Global Harvest Initiative, continues to highlight that food production is not growing fast enough to sustainably feed the world Continue Reading
Saudi Arabia has added 3 million bpd of oil export capacity to its West Coast on the Red Sea after the upgrade of Saudi Aramco’s Yanbu South Terminal, the state Continue Reading
The breakeven price for Qatari crude oil has risen to US$47.10 per barrel this year from US$24.20 a barrel ten years ago, a Gulf think-tank has calculated. The Gulf Times Continue Reading
The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth Continue Reading
Due to operational divergences and geopolitical divisions, Saudi Arabia and Kuwait haven’t made any progress in talks about the potential restart of jointly operated oil fields that analysts were hoping Continue Reading
The Nassiriya oil field’s associated gas treatment facility on Sept. 27, 2018. (Source: Dhi Qar Oil Company media office) Iraq is on track to gain about 340 million standard cubic Continue Reading
Nigerian Senate on Wednesday blamed the Nigeria National Petroleum Corporation (NNPC) and Department of Petroleum Resources (DPR) for the death of over 150 Nigerians involved in spillage. The 150 persons Continue Reading
Rome-based Eni, which earlier this decade led the discovery of an estimated 85 trillion cubic feet of natural gas in Mozambique, on Wednesday signed an accord in Maputo that will Continue Reading
Venezuela is tapping at least five new top executives to state oil company PDVSA, six sources said on Wednesday, but the changes are unlikely to halt the unraveling of the Continue Reading
The United States plans to turn up sanctions pressure on Venezuela but sees less need to immediately target its energy sector, given sagging production from the OPEC member’s state-run oil Continue Reading
