The civil service in Northern Ireland is seeking volunteers to oversee fuel distribution in the event of an emergency. The move is not in response to Brexit but comes weeks Continue Reading
Heavy snowfalls brought chaos to parts of Germany and Sweden on Friday, leaving roads blocked, trains halted and schools shut. The Red Cross helped drivers stuck on a motorway in the Continue Reading
Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to Continue Reading
2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Friday amid ongoing global growth concerns as market participants waited for fresh cues to provide prices some direction. At 11:10 Continue Reading
“The oil market looks to be broadly balanced in 2019, an improvement on 2018 which turned out oversupplied,” Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note. Continue Reading
Oil prices rose 1 percent on Friday, on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade Continue Reading
Oil prices were slightly lower on Thursday in see-saw trade, easing the day after a strong rally as investors were no longer encouraged by U.S.-China trade talks and as weak Continue Reading
$300 billion in electric vehicles, with more than 45 percent of that earmarked for China. Global automakers are planning an unprecedented level of spending to develop and procure batteries and Continue Reading
With the millions of tons in new liquefied natural gas capacity coming on stream these days, many have begun worrying about an oversupply that would pressure prices to uncomfortably low Continue Reading
Scientists say the world’s oceans are warming far more quickly than previously thought, a finding with dire implications for climate change because almost all the excess heat absorbed by the Continue Reading
Saudi Arabia’s Aramco has created a retail network under its name to sell automotive and aviation fuel, as well as certified reserves through a third party, in moves that coincide Continue Reading
Glencore has lost its exclusive right to market two of Libya’s crude grades and oil companies like Shell and BP have already had their first allocations of the grades to Continue Reading
Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find new buyers amid fresh U.S. sanctions even though its traditional Continue Reading
Saudi Arabia has made a first tangible step to generate electricity from sources other than oil and gas, awarding a contract on Thursday for the Kingdom’s first utility-scale wind farm. Continue Reading
Mexico completed its 2019 oil hedge, the world’s largest sovereign derivatives trade, at an average of $55 per barrel, placing the equivalent of $1.23 billion in put options, the finance Continue Reading
With huge queues at fuel stations and panicked customers lining up with jerry cans, Mexico’s new leftwing president Andrés Manuel López Obrador has upset the public as he wages the Continue Reading
Key Mexican oil refineries are shut down, Mexico’s president said on Thursday, as the government’s drive to stamp out gasoline theft from pipelines is pressuring the distribution of supplies from Continue Reading
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana’s coast have not returned to the site of a December incident with Venezuela’s navy, but they may Continue Reading
The editorial board When Nicolás Maduro was sworn in by Venezuela’s Supreme Court for a second six-year term as president on Thursday, a notable judge was missing. Christian Zerpa, a Continue Reading
Within minutes, a majority of the 35-member Organization of American States, a regional diplomatic body, voted to not recognize the legitimacy of Mr. Maduro’s new government after about 60 countries Continue Reading
Venezuelan President Nicolas Maduro was inaugurated for a second term on Thursday, despite presiding over an economic meltdown of historic proportions and his status as an international pariah. A coalition Continue Reading
China will “strictly prohibit” the expansion of new iron and steel projects in 2019, the country’s industry minister told the official Xinhua agency in an interview on Thursday. Miao Wei, Continue Reading
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of “around” 6.5 percent, policy sources told Reuters, as Beijing gears Continue Reading
Highlights Passenger car sales sink 6% in 2018, first drop in 20 years Gasoline demand growth to fall below 3% in 2019: Platts Analytics EVs to displace 2.23 mil b/d Continue Reading
EPIC Crude Pipeline LP said the projected third-quarter start-up of its crude pipeline from the Permian basin to Corpus Christi, Texas is in “some jeopardy” after U.S. regulators delayed action Continue Reading
The Trump administration is pursuing its plans of opening up more federal lands in Alaska to oil and gas drilling. Reuters reports the Alaska Bureau of Land Management had not Continue Reading
The volume of drilled but unproduced wells continues to build across the US to record levels, but market sentiment is mixed on whether oil prices need to continue to recover Continue Reading
The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019. After a strong fourth quarter in 2018, Chesapeake Energy Corporation is stepping into 2019 with a Continue Reading
In just one human generation, citizens of the far north could find themselves on shifting soils as the region’s permafrost thaws. Roads will slump. Buildings will buckle. Pipelines will become Continue Reading
The Trans-Adriatic Pipeline (TAP) has completed its 3.9 billion euro ($4.5 billion) project financing, paving the way for construction to be completed for start-up in 2020, its managing director said Continue Reading
Researchers from the US Department of Energy’s (DOE) Argonne National Laboratory have combined two membrane-bound protein complexes to perform a complete conversion of water molecules to hydrogen and oxygen. An Continue Reading
Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head Continue Reading
U.S. sanctions against the Russian-backed Nord Stream 2 pipeline would be the wrong way to solve a dispute over energy supply, German Foreign Minister Heiko Maas said on Thursday. U.S. Continue Reading
Once-in-a-generation heavy snowfall has paralyzed travel and tourism in parts of the Alps, with conditions that have left at least six people dead, Austrian officials said on Thursday. Heavy snowfall Continue Reading
Italy plans to suspend the issuing of 36 pending oil and gas exploration permits, as the government finds upstream oil and gas activity not of strategic importance to the country. Continue Reading
Poland is continuing to make a pivot away from its decades-long natural gas supplier – Russia. In a statement on Wednesday , Polish state-controlled oil and gas company PGNIG said Continue Reading
Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased Continue Reading
Crude oil futures were lower during mid morning Thursday pressured lower by a bearish report on US product inventory data while comments by Saudi Arabia and UAE on OPEC cuts Continue Reading
Oil prices fell more than 1 percent on Thursday due to the lack of any clear resolution to U.S.-China trade talks and official data that again indicated vast fuel stocks Continue Reading
The Energy Information Administration reported a crude oil inventory draw of 1.7 million barrels for the first week of 2019, after a 6.9-million-barrel build in the last week of 2018. Continue Reading
Brent crude oil rose back above $60 a barrel on Wednesday, extending its recent rebound after Saudi Arabia’s powerful energy minister vowed to “stabilise” the market, though gains were capped Continue Reading
Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts Continue Reading
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Twitter on Wednesday that 2019 was an important year for the country as it moves ahead with diversifying its energy mix. Continue Reading
Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing Continue Reading
“The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade Continue Reading
Iraq is significantly narrowing the scope of impending deals with two international companies that had been competing for massive, long-term contracts, as the Electricity Ministry sharpens its focus on the Continue Reading
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at Continue Reading
One of the world’s biggest oil producers is facing a man-made crisis: Its gas stations are running out of gas. There are mile-long lines at filling stations across central Mexico. Continue Reading
The Vaca Muerta has attracted $165 billion in investment commitments as companies like Chevron, ExxonMobil and Total bet on the production growth potential of Argentina’s biggest shale play, but bottlenecks Continue Reading
