The Keystone Steele City pumping station, to which the Keystone XL pipeline is slated to connect, is seen in Nebraska. President Trump plans to issue a pair of executive orders Continue Reading
The American Petroleum Institute (API) reported a build in crude oil inventory of 4.1 million barrels for the week ending April 5, coming in over analyst expectations of a 2.294-million-barrel Continue Reading
According to tracking by Veloz, electric car sales in California in Q1 2019 continued their upward trend, with year-over-year increases each month and a 13% increase over Q1 2018. According 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
Royal Dutch Shell is launching a $3oom forestry programme in an attempt to reduce its emissions, at a time when an increasing number of oil companies are investing in carbon Continue Reading
Yesterday’s headlines suggested that European markets were taking a beating from rising oil prices–but this was a blip on the radar tracking some of the toughest resilience to a combination Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia Tuesday, continuing to firm at five-month highs given the risk of supply outages in Libya, while market participants await fresh Continue Reading
Crude oil futures remained stable during mid-afternoon trade Tuesday as market participants eye fresh cues amid expectations of higher US crude stocks in a still-bullish market scenario. At 2:15 pm Continue Reading
It’s not just OPEC production cuts, Venezuelan chaos, and sanctions that are pushing up oil prices this year–U.S. shale production is slowing, too. And the result is a phenomenal 30-percent Continue Reading
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions Continue Reading
