Washington’s decision to call an end to sanctions waivers for Iranian oil imports will significantly tighten the condensate supply pool, painting a bullish outlook for the global ultra-light crude complex Continue Reading
The Trump administration moved to broaden Iran’s economic isolation on Monday by announcing it would fully enforce sanctions that were imposed last fall and stop allowing five large nations to Continue Reading
Oil prices spiked on Monday on news that the Trump administration has opted to take a hardline on Iran, letting sanctions waivers expire at the end of the month. The Continue Reading
The Trump administration said Monday that it will start imposing sanctions on some key U.S. allies unless they stop buying oil from Iran after waivers expire next month. “If you Continue Reading
Global oil prices started the week by spiking around 3 percent on reports that Washington was preparing to announce that all buyers of Iranian oil will have to end those Continue Reading
The decision by Washington to not extend waivers on Iranian crude oil imports will be a key topic of discussion when OPEC members meet in Jeddah in May, and any Continue Reading
Saudi Arabia is ready to start pumping more oil if the United States indeed ends the sanction waivers they granted eight Iranian oil importers last November, Reuters reports , citing Continue Reading
Iran will block the world’s most important chokepoint for global oil trade, the Strait of Hormuz, if Tehran is barred from using it to export its oil, Navy Rear Admiral Continue Reading
Washington — Iran on Monday repeated its threat to shut down the Strait of Hormuz, the world’s busiest oil chokepoint, drawing a US military pledge to respond. Register Now “The Continue Reading
Highlights Saudis cannot commit to specific output pledge Falih says Saudis monitoring market Coordination on Iran may increase Venezuela, Libya risk Washingtron — The expected oil supply impact of a Continue Reading
Saudi Arabia, the world’s top oil exporter and OPEC’s largest producer, has influenced the oil market and oil flows since the middle of the 20th century. Shortly after the 21st century began, Continue Reading
Qatar Petroleum said Monday it has issued an invitation to tender for the construction of more than 100 LNG vessels to help meet its expected output increase to 110 million Continue Reading
Many companies are now floating modular refineries in Nigeria – and it’s shaping up to be a big positive for the energy sector and the Nigerian economy. MARK ITSIBOR reports Continue Reading
The operator of the Nembe Creek Trunk Line—one of the two key pipelines of Nigeria’s Bonny Light crude grade capable of transporting 150,000 bpd to the export terminal— declared on Continue Reading
The Organization of Petroleum Exporting Countries (OPEC) is upbeat at the prospect of Dangote Oil Refinery serving to drive world crude oil refining capacity increase, especially in Africa by 2020. Continue Reading
India hopes the U.S. will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with U.S.-India talks said Continue Reading
The Vaca Muerta shale play in Argentina has been a hot spot in global oil and gas for the past few years after exploration suggested it could yield oil and Continue Reading
India will add 12 nuclear power stations to its lineup to shore up its power supply situation, the Department of Atomic Energy (DAE) said on Monday, according to The Times Continue Reading
The US is still considering secondary sanctions on Venezuelan oil exports, but is likely to delay implementation as it attempts to push Iranian crude and condensate exports to zero, analysts Continue Reading
The plague’s victims die gruesomely. First, a high fever. The skin goes flushed, purplish. There is a discharge from the eyes and nose. Bloody diarrhea. And within days, death. The Continue Reading
This GFS model shows a simulation of temperatures in degrees Celsius on Saturday afternoon in southeastern Asia. (TropicalTidBits.com) Vietnam broke its record high national temperature Saturday, the latest in records Continue Reading
When it comes to its strategic petroleum reserves–and most other things, for that matter–China keeps its cards close to the vest. While tight-lipped government agencies have not and likely will Continue Reading
China imported 556,000 b/d from Iran in Q1 Receive daily email alerts, subscriber notes & personalize your experience. Register Now Analysts expect mixed compliance by Beijing Japan, South Korea seen Continue Reading
China’s Foreign Ministry said on Tuesday it has lodged representations with the United States over Washington’s plan to end waivers for Iranian oil imports. “The decision from the U.S. will Continue Reading
Asia’s largest refiner Sinopec is set to receive its first U.S. crude oil cargo this week since halting imports from the country in September, two sources with knowledge of the Continue Reading
Highlights Seoul fully supports Monday’s White House decision, US foreign policies South Korean refiners capable of diversifying crude supply sources US, Qatar, Norway among many alternative condensate supply sources Seoul Continue Reading
Chinese state-run refiners are awaiting further instructions from the government regarding imports of Iranian crude, but officials and executives indicated a strong likelihood of pushback from the central government against Continue Reading
At the end of a cul-de-sac called Fresh Way, two bright green structures the size of shipping containers gleam in the warm sunlight, quietly sucking from the air the carbon Continue Reading
A tidewater glacier is seen in southeast Greenland during summer 2018. (Eric Rignot) Greenland, home to Earth’s second-largest ice sheet, has lost ice at an accelerating pace in the past Continue Reading
Halliburton said that the market for oilfield services had reached a bottom and was poised for a rebound, a statement that initially led to a jump in its share price. Continue Reading
Battery metals tracker Adamas Intelligence says that in February 2019, 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger Continue Reading
US refining margins trended higher last week, pulled up by refinery outages and lower gasoline stocks on the cusp of the summer driving season, an analysis by S&P Global Platts Continue Reading
The US is not considering a release from government oil stocks to dull the price and supply impacts of Monday’s announcement it would not renew sanctions waivers for Iran’s top Continue Reading
In a recent article , I examined changes in distance driven in the United States during the period from 1984 through 2017. Distance driven per person reached a maximum in Continue Reading
From 2011 to 2015, California experienced its worst drought on record, with a parching combination of high temperatures and low precipitation. Drought conditions can have complicated effects on ozone air Continue Reading
Regina Mayor, global sector head of energy and natural resources for KPMG, gives her view on the Permian. The Permian is not played out, according to Regina Mayor, global sector Continue Reading
After a decade of the American fracking industry burning through hundreds of billions of dollars more than it earned, this industry previously dominated by shale drilling specialists is entering a Continue Reading
U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, Continue Reading
An electric vehicle charging station is displayed at the New York International Auto Show on Wednesday. (Brendan McDermid/Reuters) April 22 at 4:36 PM The Sierra Club marked Earth Day on Continue Reading
You have to have a scintilla of sympathy for the shale gas industry. It cannot be easy winning round a skeptical populace when you routinely have to drop the phrase Continue Reading
The US Coast Guard identified a potential chokepoint in the Bering Strait thanks to increased oil and gas shipments, a new report showed on Monday. In a rather imperfect combination Continue Reading
ICE June Brent crude oil futures jumped over 3%, or more than $2/b, mid-morning in Asia on Monday, amid talks that the US may end all current extensions granted for Continue Reading
Crude oil futures were up over 2% for both ICE Brent and NYMEX WTI during mid-afternoon trade Monday as market sources speculated that the US may cease extension for Iranian Continue Reading
Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must end their imports or be subject to sanctions. Brent crude Continue Reading
After rallying more than 30 percent year to date, oil prices could be set for a further upside in coming weeks as a combination of near-term bullish supply-side factors could Continue Reading
Shrugging off low levels of storage, natural gas prices have continued to plunge. The U.S. entered this past winter with natural gas supplies at a 15-year low . Paltry levels Continue Reading
U.S. West Texas Intermediate and international-benchmark Brent crude oil managed to eke-out a small gain for the holiday-shortened week, but the volatile, two-sided price action indicated cracks may be developing Continue Reading
Tokyo is still trying to prevent being caught in the geopolitical cross-fire between Washington and Tehran. On Friday, Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshige Seko said that Continue Reading
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, Continue Reading
The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, part of the Trump administration’s effort to drive Iran’s exports to Continue Reading
