Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC Continue Reading
The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down. Continue Reading
Albert Einstein once wrote that “the definition of insanity is doing the same thing over and over again and expecting different results.” Were he alive today, he would be repeating Continue Reading
New climate models now project even faster global warming than previous work. The models were developed by the National Oceanic and Atmospheric Administration (Princeton, NJ), the National Science Foundation’s National Continue Reading
The world’s shipping watchdog should impose a speed limit on commercial vessels to cut emissions and protect the environment, more than 100 maritime industry chief executives have said. In a letter Continue Reading
China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the Continue Reading
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday. “These sanctions are an example of Continue Reading
LONDON/CAIRO (Reuters) – Eastern-based Libyan forces led by Khalifa Haftar launched an offensive in April on the capital Tripoli in the west that has plunged the oil-producing nation into a Continue Reading
It’s only been a few years ago, amid the ramp-up in U.S. shale oil production, that many thought the country would replace Saudi Arabia as global oil markets swing producer Continue Reading
Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens Continue Reading
Iran will continue to export oil despite U.S. pressure aimed at reducing the nation’s crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Continue Reading
A global deal on oil production led by Russia and Saudi Arabia could be extended to the end of 2019, Saudi Energy Minister Khalid al-Falih told RIA news agency on Continue Reading
Iraq is facing a water crisis. Last summer the city of Basra fell sick. More than 100,000 people were rushed to hospital after being poisoned by the city’s water supply. Continue Reading
Africa’s largest oil producer, Nigeria, is dusting off an ambitious plan to double its oil production by 2025, aiming to pump as much as 4 million bpd in six years’ Continue Reading
Nigeria’s crude production may rise further by additional 160,000 barrels per day (bpd) with the completion of Pan Ocean Oil Corporation Nigeria Limited’s three oil and gas infrastructure. Although Federal Continue Reading
Five oil wells in oil-rich Ondo State has been reportedly gutted by fire on Thursday morning. The fire, accompanied by an explosion occurred at Ajegunle Ikorigho, Ondo State. The oil Continue Reading
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has warned that Nigeria is facing stiff competition from new oil and gas discoveries in Africa Continue Reading
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading
Erik Prince – the founder of the controversial private security firm Blackwater and a prominent supporter of U.S. President Donald Trump – has been pushing a plan to deploy a Continue Reading
Factory activity in China expanded for a second straight month in April but at a much slower pace than expected, an official survey showed on Tuesday, suggesting the economy is Continue Reading
A gauge of China’s factory activity weakened sharply, suggesting that any turnaround in the world’s second-largest economy after months of slower growth has yet to take root. The fall-off in Continue Reading
China is likely to miss its 2020 shale gas production target as technical and commercial challenges dog efforts to tap into what are considered the largest shale gas resources outside Continue Reading
The combined total of light-duty all-electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV) sold in China in 2018 was more than 1 million, or 8.1% of the light-duty vehicle Continue Reading
Researchers at the University of Science and Technology Beijing, with colleagues at Beijing Institute of Technology, have demonstrated the potential of rechargeable tellurium (Te) nanowire positive electrodes to construct ultrahigh-capacity Continue Reading
Anadarko Petroleum Corporation said on Monday that it plans to resume negotiations with Occidental Petroleum after Occidental announced last week a proposal to buy Anadarko at a higher price than Anadarko Continue Reading
Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed Continue Reading
In the months leading up to the Chevron and Occidental (NYSE: OXY) bids for Anadarko Petroleum Corp (NYSE: APC), there were suspicious purchases of Anadarko securities, according to the Securities Continue Reading
Anadarko Petroleum Corp. said it was considering Occidental Petroleum Corp.’s $38 billion offer, weeks after agreeing to be taken over by Chevron Corp. for about $33 billion, raising the likelihood Continue Reading
Delhi Connector would connect points in Louisiana. LNG developer also plans pipelines serving Haynesville, Permian Tellurian launched a fourth natural gas pipeline project Monday as the Driftwood LNG export terminal Continue Reading
Fourteen Republican US senators urged the White House on Monday to let tougher international marine fuel sulfur standards take effect without interference in January, arguing that US refiners and the Continue Reading
A combined Chevron and Anadarko entity would take first place in a table of top 2019 Gulf of Mexico equity producers, Rystad Energy has confirmed. A combined Chevron Corporation and Continue Reading
Four West Texas Energy companies collaborated to open a school in Midland to help alleviate child care challenges in the Permian. While drilling activity in the Permian has been booming Continue Reading
The U.S. dropped a total of 21 oil and gas rigs last week, bringing the rig count under 1,000. Following a weekly loss of 10 oil and gas rigs, the Continue Reading
Exxon Mobil Corp.’s worst refining performance in almost two decades may revive questions from analysts about the so-called integrated model engineered by founder John D. Rockefeller and espoused by every Continue Reading
A new study published today by Rystad Energy forecasts that there will be more than a million kilometers of new oil and gas wells drilled by 2023 globally; the distance Continue Reading
Michigan’s Attorney General Dana Nessel has threatened to “use every resource available” to shut down Enbridge’s Line 5 oil pipeline that runs under the Straits of Macinac, in a statement Continue Reading
The tainted oil that flew through the Druzhba oil pipeline from Russia to customers in Europe was “ deliberately contaminated ” at a private terminal, according Russia’s oil pipeline operator Continue Reading
Natascha Engel, UK’s shale gas commissioner of six months has handed in her resignation, calling the earthquake rules adopted by the government “ridiculous” and an effective “ban on fracking.” The Continue Reading
Moscow — The Russian energy ministry said Monday that it expected normal quality crude to enter the port of Ust-Luga on Friday Receive daily email alerts, subscriber notes & personalize Continue Reading
Russian aluminum producer United Company Rusal Plc has reduced its first-quarter sales of value-added products (VAP) by 44 percent from a year ago and by 22 percent from the last Continue Reading
The eurozone economy regained some lost momentum at the start of 2019, offering fresh evidence of surprisingly resilient global growth amid lingering uncertainties about trade with the U.S. and the Continue Reading
BP saw its upstream production rise 2% during the first quarter in 2019, helped by new project startups but lower prices and weaker refining margins dragged on its earnings. Upstream Continue Reading
The European car market registered its seventh consecutive month of decline in March 2019, according to figures from JATO Dynamics. Ongoing political and economic uncertainty, including lack of clarity around Continue Reading
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying after President Donald Trump demanded that producer club OPEC raise output to soften the impact Continue Reading
The question everyone is asking is where is the oil price heading next in the medium term, and for a possible answer, we need to move away from the intraday Continue Reading
The end of the Iranian sanction waivers by the Trump Administration has put oil traders on edge. While most analysts are optimistic about OPEC leader Saudi Arabia being able to Continue Reading
On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted Continue Reading
The United States’ intent is to apply “maximum pressure” on Iran by depriving it of $50 billion of annual revenues. Supreme Leader Ayatollah Ali Khamenei speaks at a meeting in Continue Reading
Forces backing Libya’s internationally recognized government fought house-to-house battles with troops loyal to commander Khalifa Haftar in southern parts of the capital Tripoli on Sunday and appeared to be gaining Continue Reading
Iran said on Sunday it could quit a treaty against the spread of nuclear weapons after the United States tightens sanctions, while an Iranian general said the U.S. Navy was Continue Reading
