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
