Historically the Mediterranean hasn’t been the focus of oil and gas producing companies. With the exception of Algeria and Libya which owe their energy industry to the Sahara region. Recent Continue Reading
Chineme Okafor reviews a new report that revealed that Nigeria’s petroleum products pipelines are in a state of disrepair and need to be fixed or replaced The outcome of a Continue Reading
Hoping to drive oil prices back up to $80 per barrel, Saudi Arabia is preparing deeper production cuts this month. Saudi Arabia plans on lowering oil exports to 7.1 million Continue Reading
The new strategy comes as the kingdom seeks to cover a large government spending boost . It said last month that it planned to increase its expenditures by 7% in Continue Reading
India’s state-run Bharat Petroleum Corporation Limited (BPCL) will resume importing oil from Iran in February after a three-month hiatus that began with the U.S. sanctions on Iranian oil, Reuters reported Continue Reading
Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent Florida Republican to help increase the socialist-run country’s Continue Reading
A fledgling U.S. company set up last year will help Venezuela turn around its falling oil production that has led to the country’s oil exports falling to the lowest in Continue Reading
Due to an unusually low amount of rain in December, the Panama Canal Authority (ACP) announced Monday that the maximum draft for a ship transiting the Neopanamax locks will be Continue Reading
Brazil’s Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast Continue Reading
A study by China Academy of Social Sciences (CASS) warned that the country must implement policies to handle a smaller workforce and an older population, the BBC reported on Sunday. Continue Reading
Shale drilling activity in the US likely dropped to 44 jobs per day in November 2018, Rystad Energy’s analysis of preliminary data suggests. We conclude that nationwide fracking activity was Continue Reading
Jet fuel differentials on the US Atlantic Coast climbed to their highest levels in 16 months Monday as stock levels in the region continue to sag. S&P Global Platts assessed Continue Reading
The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades Continue Reading
U.S. crude oil inventories were forecast to have declined last week, while analysts expected a build in refined products, the third weekly increase in a row, a preliminary Reuters poll Continue Reading
U.S. carbon dioxide emissions rose an estimated 3.4 percent in 2018, according to new research — a jarring increase that comes as scientists say the world needs to be aggressively Continue Reading
Canada’s biggest integrated oil and gas firm Suncor Energy said on Monday that its total upstream production set a quarterly record of 831,000 barrels of oil equivalent per day (boed) Continue Reading
France-based Alstom presented Monday a new hydrogen train design for the U.K. market with the aim to build a fleet that will be up and running by 2022, following up Continue Reading
German industrial production was much worse than expected in November, underscoring the headwinds the euro zone’s powerhouse economy faced at the end of 2018. The wide-ranging economic measure was down Continue Reading
Some of the biggest names in shipping and oil trading are looking to raise $1bn for a vehicle aimed at profiting from a clampdown on highly polluting marine fuels, pitching Continue Reading
Crude oil futures continued to trade higher during mid-morning trade in Asia Monday, continuing on their upward rally seen from last Friday as markets await fresh leads from the resumption Continue Reading
Oil prices rose by more than 1.5 percent on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts Continue Reading
Crude oil prices have gained roughly 10 percent since hitting a low point in late December, and there are plenty of signs that suggest the market is poised to claw Continue Reading
Sustained market moves such as we have seen in stocks and oil over the last few months are never the result of one piece of news or data point, so Continue Reading
Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in a statement on Sunday. NOC also said it recorded Continue Reading
Suspected militants may have renewed hostilities against oil companies operating in the Niger Delta. For example, a group yesterday claimed it was behind the attack on an oil pipeline at Continue Reading
The federal government will spend over N3 billion on fuel, generators and plants across 602 ministries, departments and agencies this year. These figures do not include money voted by the Continue Reading
Highlights Thermal coal volumes at 78.24 million mt Coking coal volumes also up 15% Paradip port had highest thermal coal volumes New Delhi — India’s 12 major government-owned ports handled Continue Reading
An offensive by Mexico’s new government against fuel theft at one of the country’s main refineries has led to days of shortages at gas stations in several central states, as Continue Reading
OPEC and US Shale have been duking it out in the oil markets for a few years now—ever since the days of $100 oil. OPEC, led by Saudi Arabia, took Continue Reading
China has approved new rail projects worth more than $125bn in the past month as it steps up fiscal spending to counteract a slowdown in its economy, a move that Continue Reading
Crude oil imported for China’s independent refineries in December hiked to another historical high of 12.6 million mt (2.98 million b/d), but the refiners still failed to use up their Continue Reading
U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that Continue Reading
“Alberta and its natural gas producers face a daunting crisis,” Alberta’s Natural Gas Advisory Panel said in a report in December, highlighting the challenges that natural gas producers in Alberta Continue Reading
A Bright Future starts with a bang. “Few books can credibly claim to offer a way to save the world, but this one does,” the psychologist Steven Pinker writes in Continue Reading
Bullish sentiment has returned to oil markets in 2019, with Saudi Arabia cutting production while China and the U.S. look to end the trade war Oil prices popped on Friday Continue Reading
S&P Global Ratings has slashed its average crude oil price assumptions by $10 a barrel for 2019 in response to a worsening picture for global demand. The institution said Thursday Continue Reading
A day after the American Petroleum Institute reported sizeable builds in fuel inventories, the Energy Information Administration confirmed a build in gasoline and distillate inventories for the week to December Continue Reading
Federal Iraq posted its highest monthly export total to date in December and, combined with Kurdistan, set a nationwide annual record. Iraq’s oil sector finished its most prolific year in Continue Reading
All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official Continue Reading
Iran’s Parliament Research Center is predicting negative growth for Iran in the current fiscal year that ends March 20 due to its falling exports, Radio Farda reported on Friday. The Continue Reading
Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019. Continue Reading
Ecuadorean President Lenin Moreno said that a special audit into $4.9 billion worth of oil-related infrastructure investment in the last decade reveals that about half of it was lost to Continue Reading
Thirteen nations announced on Friday that they would not recognize the legitimacy of the new presidential term of Nicolás Maduro of Venezuela, who is set to be inaugurated next week Continue Reading
After starting the New Year in the red, crude oil stabilized higher today on reports that China plans to hold talks with the United States next week to settle their Continue Reading
U.S. crude oil refinery inputs averaged 17.8 million barrels per day during the week ending December 28, 2018, which was 410,000 barrels per day more than the previous week’s average. Continue Reading
The powerful telescopes of Texas’s McDonald Observatory aim at some of the darkest night skies on the planet. But a dome of light is creeping closer on the northern horizon. Continue Reading
More good news came in today for the oil bulls as Baker Hughes reported a 8-rig decrease for oil and gas in the United States this week. The total number Continue Reading
For much of 2018, investors probably thought they had a strong bet in the energy complex. But that bet badly turned sour in the final 60 days of the year. Continue Reading
California imported an average 447,063 barrels of crude oil by rail over the first nine months of last year, the latest data available from the California Supply Analysis Office has Continue Reading
A project to make the Corpus Christi Ship Channel (CCSC) more accessible has taken a major step forward. A project to make the Corpus Christi Ship Channel (CCSC) more accessible Continue Reading
