It is bigger and more profitable than Apple, Alphabet and Amazon combined. Aramco opens its books in the first step toward a potential public listing. Aramco has won about $60 Continue Reading
Diesel shortages are currently a major problem for Sudan that faces economic troubles, which is why, Khartoum is interested in any foreign assistance, Sudanese Ambassador to Moscow Nadir Babiker told Continue Reading
More than 50 per cent of Nigeria’s oil and gas blocks remain untapped even as crude oil production continues to hover around two million barrels per day while gas shortages Continue Reading
Recent hiccups for Brazilian oil supply call into question the growth projections for the country, with implications for the global oil market. Brazil’s oil production slipped by 65,000 bpd in Continue Reading
New US sanctions on ships and freight companies that transport Venezuelan oil to Cuba will exacerbate the island’s chronic fuel shortages and power outages, two Caribbean diplomats in Havana tell Continue Reading
China has long been criticized for imposing massive debt on developing countries as well as securing their natural resources to help them build up infrastructure with funding by Beijing, something Continue Reading
February sales fall to 122,000, led by drop in Asian markets China sales drop on seasonal factors, subsidy cuts February global EV sales up 43% on year London — Global Continue Reading
Japan’s JERA, the world’s top buyer of liquefied natural gas, on Tuesday said it had signed an agreement with a Mitsubishi Corp unit to buy up to 16 cargoes, or Continue Reading
coalChina’s thermal coal imports will decline by between 10 million and 12 million tonnes in 2019, a leading industry analyst said on Tuesday, largely because of rising domestic output in Continue Reading
China is set to import massive amounts of LNG in 2019 as part of its determined push to switch away from coal and toward the lower emissions natural gas, but Continue Reading
Shale companies from Texas to North Dakota have been managing their wells to maximize short-term oil production. That has long-term consequences for the future of the American energy boom. By Continue Reading
Production falls Waha balance-of-the-month-contract 26 cents weaker than spot market Houston — Waha and El Paso Permian cash natural gas prices traded in positive territory Monday for the first time Continue Reading
Highlights 2 Bcf/d pipeline targeted for startup as early as 2023 Developer plans two other pipelines, shale production Houston — Tellurian launched a shipper solicitation Monday for its 2 Bcf/d Continue Reading
The Permian Global Access Pipeline would extend from the Waha gas hub in Pecos County, Texas, to Gillis, La. Tellurian Inc. reported Monday that it is holding a binding open Continue Reading
Standing at the center of the prolific Permian Basin, Scott Hodges explains how the future of the world’s largest oil field may very well depend on what he calls jokingly calls Continue Reading
In New York, there’s a plan to extend the Lower Manhattan coastline to guard against rising sea levels and other effects of climate change. In February, the White House devised Continue Reading
Drivers in the United States are paying more at the pump over the last eight weeks, as retail gasoline prices now averages $2.75 per gallon in the US, according to Continue Reading
Ships were moving inbound and outbound on Monday morning through an area of the Houston Ship Channel that had been contaminated by a March chemical spill, the U.S. Coast Guard Continue Reading
A senior Russian official has suggested Russia will press for an end of the OPEC+ production cuts after the end of June when the original agreement expires, Reuters reports . Continue Reading
In a major policy shift during the weekend, Norway’s Labor Party—a long-time ally of the oil industry and the biggest party that is currently in opposition—said it would no longer Continue Reading
Oil products output at Europe’s largest oil refinery—Shell’s 404,000-bpd Pernis refinery in the Netherlands—will be reduced after workers started a strike on Monday, demanding higher wages. “There will be impact Continue Reading
Participants in the OPEC/non-OPEC crude production cut deal may change their approach to output levels this year, but the cooperation can withstand such changes, the head of the Russian Direct Continue Reading
In a survey of 2,000 adults across the UK, Nissan’s research found that only 1 in 3 were aware of the Ultra Low Emission Zone ( ULEZ ) going live Continue Reading
Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over Continue Reading
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well Continue Reading
The renewable energy revolution that many have been seen as a threat for the oil and gas industry will actually benefit one significant segment of it: Big Oil. That’s what Continue Reading
Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade —since the second quarter of Continue Reading
Saudi Aramco, the national oil company of Saudi Arabia, is by far the largest oil company in the world. The company produces around 13 percent of the world’s oil, but Continue Reading
The Saudi energy minister said on Monday it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts, but a meeting next Continue Reading
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday. State-owned Saudi Aramco, the Continue Reading
The United Arab Emirates’ energy minister said on Monday that the use of the U.S. dollar as the main oil trading currency could not be changed overnight. “Trading with the Continue Reading
The U.S. military said it pulled a small contingent of American forces from Libya as the country teetered on the brink of full-scale civil war, with fighting continuing around the Continue Reading
Gen Haftar’s forces prepare for Tripoli battle Libya’s UN-backed government says 21 people have been killed and 27 wounded in fighting near the capital, Tripoli. US Secretary of State Mike Continue Reading
Saudi Arabia threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation , known Continue Reading
Libya is heading for a military showdown as East Libyan strongman General Haftar has initiated a full confrontation with the UN-backed West-Libyan GNA Al Serraj government, based in Tripoli. After Continue Reading
Saudi Arabia has gone nuclear, threatening the petrodollar . Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill Continue Reading
The rising tide of light U.S. shale oil has largely swept away comparable grades of Nigerian oil from American shores and is putting them under pressure in Europe. But steady Continue Reading
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at Continue Reading
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as Continue Reading
The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of Continue Reading
For centuries the world has agonized over its relationship with waste – by burying it, burning it, flushing it. But entrepreneurs at Fulcrum BioEnergy are now trying to turn it Continue Reading
Companies around the world are developing superchargers that can “fill up” an EV battery in a matter of minutes, but there is one problem: they can’t be deployed because battery Continue Reading
London’s ULEZ: What you need to know The Ultra Low Emission Zone (ULEZ) has come into force in central London. Drivers of older, more polluting vehicles are being charged to Continue Reading
You’ve seen the news headlines about global warming and how carbon-based fuels like oil are a huge piece of the problem. That’s not hyperbole. That’s scientific fact. If environmentalists had Continue Reading
Crude rallied on Friday morning, ending the week on a bullish note as traders are increasingly concerned about global supply outages. (Click to enlarge charts above) April 5th 2019 Oil Continue Reading
Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could Continue Reading
Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel Continue Reading
Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding Continue Reading
Highlights Oil towns of Zawiya, Sabratha key to LNA control Export terminal and refinery at Zawiya at risk Risk of outages, but maybe stability long-term London — The threat of Continue Reading
Saudi Aramco has now released its IPO Base Prospectus and the reaction has been varied and often confused. The headline was its $111 billion in profit, which many appropriately pointed Continue Reading
