Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Continue Reading
In the nine days since Saudi energy minister Khalid al-Falih declared in Abu Dhabi that OPEC and its allies were considering production cuts in 2019, oil prices have plummeted almost Continue Reading
The United States has moved to disrupt an Iranian-Russian network that sent millions of barrels of oil to Syria and hundreds of millions of dollars to indirectly fund militant groups Continue Reading
Iraqi Deputy Oil Minister Fayadh al-Nema said on Wednesday that OPEC will work to stabilize oil markets, crude prices and supplies at its next meeting. “OPEC and non-OPEC producers will Continue Reading
Saudi Aramco will sign five crude oil supply agreements with Chinese customers, it said in a statement on Wednesday, taking the volume of its 2019 China crude oil supply agreements Continue Reading
Nigeria’s rig count — a standard yardstick used in measuring a nation’s activeness in exploration and production of crude oil and gas — for the month of October, 2018 increased Continue Reading
India’s crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil Continue Reading
The Trump administration is considering adding Venezuela to its list of countries sponsoring terrorism in the latest pressure increase on Caracas, Reuters reports , citing a person familiar with the Continue Reading
Venezuela’s state-run PDVSA has reopened a dock at the country’s main oil terminal of Jose that had been closed for almost three months due to a tanker collision, a PDVSA Continue Reading
Crude oil stockpiles in China rose by 29.09 million barrels last month from a month before and are likely to continue up, S&P Global Platts calculations have suggested. The inventory Continue Reading
What effect will Trump’s tariffs have on US LNG exporters in particular and LNG trade? China is the world’s second largest importer of LNG after Japan and an important customer Continue Reading
Industrial gas demand in North China is showing signs of a sharp slowdown as small manufacturers shut their doors or buy less gas, unable to cope with a drop-off in Continue Reading
Asian economies exposed to large oil import bills can breathe a sigh of relief as international crude oil prices settled between 28-30% lower at the close of trading on Tuesday, Continue Reading
What effect will Trump’s tariffs have on US LNG exporters in particular and LNG trade? China is the world’s second largest importer of LNG after Japan and an important customer Continue Reading
The U.S. Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from U.S. biofuel laws for its Utah refinery earlier this year, according to a source familiar Continue Reading
Following Washington Post report, U.S. Coast Guard told Taylor Energy to contain and clean up the spill, which has leaked more than a million barrels of oil since 2004, or Continue Reading
Cheniere Energy wants Williams’ Transcontinental Gas Pipe Line to start up early an expansion project that will boost the amount of feedgas available to serve the LNG exporter’s terminal near Continue Reading
The Trump administration is moving to expand the territory open for oil exploration in Alaska’s National Petroleum Reserve. (Bloomberg) — The Trump administration is moving to expand the territory open Continue Reading
Fossil fuel-driven particulate air pollution cuts global average life expectancy by 1.8 years per person, according to a new pollution index and accompanying report produced by the Energy Policy Institute Continue Reading
Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide. – The Wolfcamp has been one of Continue Reading
Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new Continue Reading
Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production Continue Reading
Hedge fund managers have exited from all the bullish positions in crude oil and fuels they accumulated in the second half of 2017 as the bull market has unwound. Upside Continue Reading
Refineries are producing excessive amounts of gasoline in a bid to cope with strong demand for diesel, Reuters’ John Kemp wrote in a recent column . As a result, gasoline Continue Reading
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability, the head of the International Energy Agency said on Tuesday. “We are entering an unprecedented period of Continue Reading
A group of business leaders has backed proposals for radical changes to industries including steel, cement, shipping and aviation to cut their greenhouse gas emissions, arguing that they can be Continue Reading
Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, appealing to market players to use “common sense”. Continue Reading
While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts could have Continue Reading
Saudi Arabia’s King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country’s northern region, Al Arabiya TV said, quoting energy minister Continue Reading
Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a Continue Reading
Saudi Arabian Oil Co., as the company is officially known, had considered issuing up to $40 billion in bonds to help buy 70% of Saudi Basic Industries Corp., The Wall Continue Reading
Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh U.S. sanctions, which he described as “psychological war doomed to failure.” “We will Continue Reading
Iran has reshuffled the leadership of its main state oil companies following the introduction of a new nationwide retirement law. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days. For Washington, however, this could be a double-edged sword, as turning on Saudi Crown Continue Reading
Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year Continue Reading
The UK’s Foreign Minister Jeremy Hunt is visiting Tehran this week to discuss, among other things, the nuclear deal that Iran agreed to sign with six world powers back in Continue Reading
In March 1998, Scientific American published a paper titled “The End of Cheap Oil,” [ 1 ] signed by two petroleum geologists, Colin Campbell and Jean Laherrère. It was Continue Reading
The US shale oil revolution continues to defy the skeptics. The U.S. shale oil revolution continues to defy the skeptics, and the country is now producing a record 11 million Continue Reading
The U.S. Department of the Treasury imposed sanctions on Monday on the Russia-born, South African national Vladlen Amtchentsev, for having advised North Korea on how to evade U.S. sanctions. The Continue Reading
China’s appetite for Iranian crude grew more than 4% year on year in the first nine months of 2018, a trend that could continue in Q4 as Washington’s decision to Continue Reading
China’s crude oil stocks as of end-October rose 29.09 million barrels from a month earlier, and stocks are expected to continue building in November on high crude oil imports amid Continue Reading
Alberta Premier Rachel Notley said Monday that government-mandated production cuts were being considered in order to close an oil price differential she claims is costing the Canadian economy roughly $80 Continue Reading
The NYMEX December natural gas futures contract spiked 42.8 cents on colder weather and lower inventory, settling at $4.70/MMBtu Monday. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place Continue Reading
Thanks to falling costs, unsubsidized onshore wind and solar have become the cheapest sources of electricity generation in nearly all major economies in the world, including India and China, according Continue Reading
New York State announced a series of broad-scale initiatives to encourage the purchase and to increase the convenience and accessibility of electric vehicles (EV). EVolve NY to Install Charging Stations Continue Reading
The number of wells producing crude oil and natural gas in the United States declined in 2017, according to the U.S. Energy Information Administration (EIA). © Shutterstock Oil and gas Continue Reading
Construction of the offshore part of the TurkStream pipeline that will carry Russian gas across the Black Sea to Turkey has been completed, Russian gas producer Gazprom said on Monday. Continue Reading
Toshiba, the troubled Japanese electrical and electronics conglomerate and former owner of the bankrupt Westinghouse, Corp., decided last week cancel its Moorside nuclear project in the UK. If completed, this Continue Reading
The only rational response to the scientific evidence on climate change, is to declare a global emergency – to mobilise all of society to do whatever it takes to fix Continue Reading
