Caracas, Venezuela — PDVSA began a partial rationing of gasoline at gas stations in certain areas of Venezuela Sunday, as many gas stations in Caracas ran out of fuel as Continue Reading
A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela Continue Reading
Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the U.S. government seeks essentially shut in the country’s oil sector. When the Trump Continue Reading
The European Union (EU) is mulling over imposing more sanctions on Venezuela, but those sanctions will not be targeting the oil sector, as the bloc looks to punish individuals, not Continue Reading
Sodium, an element far more abundant than lithium, is expanding its claim to fame in the battery field. A new study from a Japanese university has suggested that a sodium Continue Reading
China’s liquefied natural gas imports broke another record last month amid rising stockpiles that made some importers nervous, Reuters reports , citing industry sources as well as vessel-tracking data. The Continue Reading
It is the legally mandated purpose of a for-profit corporation to make money for its owners and to prioritize that goal above all else. So, it is no surprise that Continue Reading
President Trump said he would nominate former oil-and-gas industry lobbyist David Bernhardt as secretary of the Interior, a role Mr. Bernhardt currently serves in an acting capacity. “David has done Continue Reading
The most extreme period of volatility in U.S. natural gas futures in nearly 10 years is set to a close as the winter weather turns warmer, but not before the Continue Reading
A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In 2017, Continue Reading
State officials along the East and Gulf Coasts are pushing for projects worth billions of dollars to protect populous coastal regions from rising oceans and extreme weather, write the Journal’s Continue Reading
The UK’s CO2 emissions peaked in the year 1973 and have declined by around 38% since 1990, faster than any other major developed country. Here, Carbon Brief presents detailed analysis Continue Reading
BP joined its competitors in posting a strong 2018 performance, with a doubling of profits driven by strong growth in oil and gas output following a large U.S. shale acquisition. Continue Reading
U.S. oilfield services giant Schlumberger said on Tuesday it will continue looking for alternative ways to work in Russia’s onshore drilling market despite its bid for Eurasia Drilling Company (EDC) Continue Reading
UK’s oil, gas, and chemicals group Ineos called on the UK government on Monday to either lift the seismicity limit on fracking from a currently “unworkable” and too-low ceiling, or Continue Reading
Crude oil futures remained steady to higher during mid-morning trade in Asia Monday as market participants awaited fresh pricing cues. At 10:20 am Singapore time (0220 GMT), ICE April Brent crude Continue Reading
Oil hit a two-month high close to $64 a barrel on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an Continue Reading
The U.S. and China are moving closer to settling their fight over tariffs, but data on the state of global trade is worsening, which is a bad sign for markets. Continue Reading
Sanctions on Venezuelan exports as well as non-extension of Iran sanction waivers could help oil prices rise higher, analysts said. Oil prices rose by 3 percent on Friday largely due Continue Reading
The already strained relationship between U.S. lawmakers and two of President Trump’s staunchest supporters, Saudi Crown Prince Mohammed bin Salman and Abu Dhabi’s Sheikh Mohammed bin Zayed, seems to be Continue Reading
The departure of more than 1 million foreign workers since 2017 has added to a sense of uncertainty in Saudi Arabia. Mohammed Iqbal joined the throng of foreign workers bound Continue Reading
Outside a service station in eastern Caracas, the queue for fuel stretches for blocks. Drivers know that the US has leveled sanctions on Venezuela’s state-run oil company – and they Continue Reading
The deepening turmoil in Venezuela is exacerbating a shortfall of dense crude oil, leaving fuel makers in the lurch and underscoring the limitations of U.S. shale. On Monday, the U.S. Continue Reading
The ongoing political crisis in Venezuela has divided the international community – some back President Nicolás Maduro and others support the man challenging him. Juan Guaidó, who is head of Continue Reading
The world’s main liquefied natural gas (LNG) demand growth market, China, will continue to be the single largest source of LNG demand globally in 2019. However, the breakneck demand surge Continue Reading
Unexpected refinery shutdowns spur gasoline, gasoil imports Gasoline import arbitrage window opened throughout 2018 Domestic spot supply tight as local refiners eye overseas market Tokyo — Japan remained a net Continue Reading
Last week, we mocked the fossil fuel industry’s use of an outlet it owns to brag about perverting democracy — but we didn’t actually call out the politicians in the Continue Reading
The pursuit of regime change in far-off countries is proving to be a resilient characteristic of US presidencies, no matter their political leanings. The current White House has taken an Continue Reading
In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught and even thrived: the Permian Basin, straddling Continue Reading
The conservative think tank Competitive Enterprise Institute has been busily pressing forward with its mission to promote climate denial, using high-profile tactics like full-page ads in major newspapers. But it Continue Reading
ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Continue Reading
Electric cars were the stars of the Detroit Auto Show this year and they have been garnering a lot of attention from the media generally amid increasingly urgent talk about Continue Reading
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the Continue Reading
Exxon Mobil and Chevron released fourth quarter earnings this morning, and the market cheered. After a period of misses, this morning’s release was the second consecutive beat of expectations for Continue Reading
A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out . They were concerned about high oil prices and a Continue Reading
In 2018, the oil and gas industry operating in North Dakota’s Bakken Shale burned off record amounts of natural gas, largely obtained via hydraulic fracturing (fracking). This process, known as Continue Reading
Russian oil production has not yet reached its peak and expectations that it could decline in the next few years are not justified, Alexei Sazanov, head of the finance ministry’s Continue Reading
The European car market remained stable during 2018, as 15.6 million vehicles were registered—just 346 more than in 2017— according to JATO Dyanmics. It was the best result since 2007, Continue Reading
Mercedes-Benz considers empathy and trust to be central factors for the acceptance of self-driving vehicles. For people to have trust in the machine, they must immediately and intuitively be able Continue Reading
Baker Hughes reported a sharp drop in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling Continue Reading
Oil prices rose almost 2 percent on Friday morning, closing higher for the week, with traders turning turned bullish once again as a result of lower OPEC+ supply and global Continue Reading
Oil prices rose about 3 percent on Friday on upbeat U.S. jobs data and signs that U.S. sanctions on Venezuelan exports have helped tighten supply, then extending gains after weekly Continue Reading
Global deepwater liquid production is set to jump by 700,000 bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, thanks to new fields coming on stream Continue Reading
The world’s largest Western oil companies shrugged off a 38% plunge in oil prices during the final months of 2018 to post some of their biggest annual profits in years. Continue Reading
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility Continue Reading
The loss from oil thefts imperils the country’s economy A new report on the protracted practice of crude oil theft in Nigeria has disclosed that amongst those involved in the Continue Reading
The EU has no appetite for general sanctions targeting Venezuela or its state-owned oil company PDVSA, despite the US imposing sweeping curbs on the latter earlier this week, official EU Continue Reading
One of the large refiners in the U.S., Citgo Petroleum, owned by Venezuela’s state oil company PDVSA, has denied a report that it was considering filing for bankruptcy, among other Continue Reading
The US Treasury Department said Friday that transactions between non-US firms and PDVSA, Venezuela’s state-owned oil firm, which involve the US financial system or US commodity brokers would be prohibited Continue Reading
When China hatched the first of a series of oil-for-loans agreements with Venezuela in 2007, it seemed like a perfect match. Venezuela had the world’s biggest oil reserves; China was Continue Reading
