The government of Curacao has suspended its selection of a new operator for the Caribbean nation’s 335,000-barrel-per-day Isla refinery until a probe into corruption allegations involving the search has concluded, Continue Reading
Australians have flocked to beaches and watering holes to cool off Australia has just sweltered through at least five of its 10 warmest days on record, authorities estimate. An extreme Continue Reading
Baker Hughes reported a drastic reduction to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
The company’s fall has been fast and steep. In October, its market value was $25 billion. This week, it was removed from the S&P 500 as its value tumbled below Continue Reading
This marks the third consecutive week of rig declines for the US. The United States dropped a whopping 21 oil rigs this week, marking the third consecutive week of declines Continue Reading
Russian President Vladimir Putin (R), Finance Minister Anton Siluanov (C) and Energy Minister Alexander Novak (L) attend a meeting of the Eurasian Economic Union in St.Petersburg, Russia, to discuss issues Continue Reading
The climate data for 2018 is now mostly in, though the ongoing shutdown of the US government has caused some datasets to be delayed. In this article, Carbon Brief explains Continue Reading
Crude oil futures were higher during Friday mid-morning trade in Asia following OPEC’s monthly report signaling more production cuts, bolstering market sentiment. At 11:20 am Singapore time (0320 GMT), ICE March Continue Reading
Oil prices rose 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged Continue Reading
U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC’s resolve to support the market with output cuts, the Continue Reading
