Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih, said his country is willing to continue to prop up the global oil business, even as political concerns stemming from Continue Reading
Donald Trump dispatched his top diplomat to Saudi Arabia to “get to the bottom” of the disappearance of dissident Jamal Khashoggi even as the US president signaled he was prepared Continue Reading
It’s unclear if and when the Saudi statement would be released, and its content hasn’t been finalized, the people familiar with the matter said. The Saudi government didn’t respond to Continue Reading
Saudi Arabia’s veiled threat to weaponize its oil exports for the first time in a generation may prove to be a windfall for US oil producers, but could also undermine Continue Reading
Saudi Arabia all but threatened to drive up oil prices if the U.S. took any action to penalize it over the apparent killing of a Saudi journalist. The not-so-subtle threat Continue Reading
Libya’s National Oil Corporation’s Zawiya refinery, seen in 2013, supplies Tripoli, where fuel shortages are already rife, even before the location’s possible operating suspension in October 2018 Libya’s National Oil Continue Reading
U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions Continue Reading
Highlights NIOC head says output will depend on sales Bourse base price set at $79.15/b Zanganeh says sanctions to lead to oil shortage Tehran — Iran’s oil exports have only Continue Reading
Russian energy minister Alexander Novak discussed bilateral and OPEC+ cooperation with Iranian oil minister Bijan Zanganeh, according to a statement released by the Russian energy ministry late Monday. Receive daily Continue Reading
Although government support of renewables in India remains strong, the country faces “a myriad of challenges,” which will likely result in India falling short of its own renewable energy targets Continue Reading
Venezuela’s state-owned oil company PDVSA is preparing to pay holders of its 2020 bond some $950 million this month, after failing to make interest payments on most other bonds this Continue Reading
At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources say, but gave no sign Continue Reading
JKM is often still used as the benchmark price assessment for spot physical cargoes delivered ex-ship into Japan, South Korea, China and Taiwan. Japan, China and South Korea, for their Continue Reading
At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that Continue Reading
The Trump administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday citing U.S. Department of Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Investors in Big Oil are becoming more and more vocal about the negative effects of the industry on the planet. No longer is it just about profits. Investors are demanding Continue Reading
NextDecade has secured a draft EIS from FERC for its Rio Grande LNG project. NextDecade Corp. has secured a draft environmental impact statement (EIS) from the Federal Energy Regulatory Commission Continue Reading
The Trump administration’s plan to allow year-round sales of higher-grade corn ethanol would have limited impact on the depressed U.S. ethanol market, with record supplies and prices for the fuel Continue Reading
Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover Continue Reading
Earlier this year, when U.S. crude oil exports hit a record 2.2 million bpd, the figure was hailed as the beginning of a new era that could eventually see the Continue Reading
The BMW Group, Northvolt and Umicore have formed a joint technology consortium in order to work closely together on the continued development of a complete and sustainable value chain for Continue Reading
Protesters gathered on Monday morning outside a drilling site in northwest England, where fracking is returning for the first time in seven years, after a last-minute request for an injunction Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Monday after the International Energy Agency forecast prices would remain high “for some time” and a spat between the US Continue Reading
Oil prices rose on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, although concerns over the long-term demand outlook dragged on sentiment. Brent crude Continue Reading
The world’s two big intergovernmental energy groups have updated their outlooks for the oil market to the end of next year – and they don’t make comfortable reading. High prices, Continue Reading
The oil market is “adequately supplied for now,” but the supply losses from Venezuela and Iran leave the market suffering from “strain,” according to a new report from the International Continue Reading
The world economy can appear to be operating quite well but can be hiding a major problem that causes it to be fragile. My presentation The World’s Fragile Economic Condition Continue Reading
This was one of the key messages in the speech that OPEC’s Secretary General Mohammad Barkindo delivered at the Oil & Money Conference in London this week. The oil market Continue Reading
Saudi Arabia has threatened to use its economic muscle to respond to any punitive measure taken against the kingdom in the wake of the disappearance of a prominent journalist. In Continue Reading
Iran is resurrecting its stock exchange, last used four years ago, to sell one million barrels of crude, the National Iranian Oil Company said in a statement quoted by S&P Continue Reading
In the “World is Not Enough”, British spy James Bond takes on international oil cartels and illegal operators. The fiction of the story is clear to all, but the underlying Continue Reading
Saudi Arabia has warned of “its influential and vital role in the global economy” after US President Donald Trump said the kingdom could face severe consequences following the disappearance and Continue Reading
India’s decision to reduce retail fuel prices may have raised questions on whether New Delhi would resort to similar cuts often as general elections draw near, but delegates attending the Continue Reading
THE death toll from last Friday’s Osisioma pipeline explosion in Abia is said to have risen to over 24, even as Eze Ikechukwu Chiavoghilefu, Chairman, Osisioma Local Government Traditional Rulers Continue Reading
SEOUL (Reuters) – South Korea did not imported any oil from Iran in September for the first time in six years, before U.S. sanctions against the Middle East country take Continue Reading
China’s crude oil imports for independent refineries in October is expected to jump about 23.9% from September to 2.1 million b/d (9 million mt), due to strong refining demand and Continue Reading
Bitcoin miners have become energy hunters, scouring the world for cheap electricity. When most people think about bitcoin mining operations, they imagine hydro-powered warehouses in Canada or the Sichuan Mountains, Continue Reading
Anyone who has followed the climate change issue in the last 30 years knows that official forecasts provided by the Intergovernmental Panel on Climate Change (IPCC) are quickly upended by Continue Reading
If there were any doubt before, there should be none now. “Solving” the global climate change problem may be humankind’s mission impossible. That’s the gist of the latest report from Continue Reading
Donald Trump has said he does believe the climate is changing US President Donald Trump has accused climate change scientists of having a “political agenda” as he cast doubt on Continue Reading
Dave Sweeney examines an ear of corn in Alden, Iowa, in 2017. The crop is used for hog feed and the production of ethanol. (Bonnie Jo Mount/Washington Post) FOR MORE Continue Reading
This past week was a grim one in climate history, by any measure. First, an international group of scientists released a long-anticipated report detailing in excruciating detail the extra damages Continue Reading
TGS and Schlumberger announce a new multiclient nodal seismic project in the US Gulf of Mexico (GOM). TGS and Schlumberger have announced a new multiclient nodal seismic project in the Continue Reading
U.S. Gulf of Mexico oil and gas production is returning to near normal levels following Hurricane Michael, data from an offshore regulator showed on Sunday, with oil output off 15.8 Continue Reading
The EU is planning to allow state aid for electric battery research and will offer billions of euros of co-funding to companies willing to build giant battery factories. Brussels is Continue Reading
New York — Crude oil futures moved tentatively higher in midmorning trading Friday amid signs that steep declines in equities markets had run their course.NYMEX November WTI was 67 cents Continue Reading
Oil prices seem to have stabilized after a steep selloff mid-week. Brent fell from around $85 to $80 over a two-day span, but prices were back up slightly in early Continue Reading
Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) Continue Reading
The demand revisions come as oil prices surged to four-year highs in early October, with Brent crude—the global benchmark—temporarily breaching the $85-a-barrel threshold. Prices have been bolstered by declining Iranian Continue Reading
