Syria has suffered oil shortages since an Iranian credit line was halted six months ago and not one oil tanker has reached the country since then, a pro-government newspaper said Continue Reading
The Kurdistan Regional Government (KRG) is stepping up its crackdown on illegal oil refineries. Under orders from Prime Minister Nechirvan Barzani, equipment at these operations will be impounded to ensure Continue Reading
Saudi Aramco will acquire Royal Dutch Shell’s ( RDSa.L ) 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The Continue Reading
In a sharp reversal of longstanding US policy which recognizes only the UN-backed Government of National Accord (GNA) in Tripoli as the legitimate authority over Libya, the White House on Continue Reading
A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent. Iraq’s oil output Continue Reading
It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil Continue Reading
The state oil company of OPEC member Angola, Sonangol, plans to sell off stakes in dozens of joint ventures and cut jobs in order to focus on its core exploration Continue Reading
Aiteo Eastern Exploration and Production has declared force majeure on crude oil supply through Nigeria’s 150,000 b/d Nembe Creek Trunk Line, a key oil pipeline connected to the Bonny terminal Continue Reading
Illegal taps on petroleum pipelines increased in both January and February compared to the same months last year despite the federal government’s crackdown on fuel theft. The state oil company reported Continue Reading
The accord now being drawn up to resolve the trade fight between the world’s two largest economies promises better treatment of U.S. companies in China and more Chinese orders for Continue Reading
The average run rate at China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp. dropped for the second-straight month due to many refineries starting maintenance in April, Continue Reading
If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has Continue Reading
A month after severe March flooding swept the Midwest, the Missouri River is still running high, complicating recovery for many communities in the region. Sections of Scott Olson’s farm near Continue Reading
A team of researchers from the University of California Los Angeles have created a unique device that can generate electricity from snowfall, science media report , citing a paper published Continue Reading
The Russian energy ministry said Sunday that problems with the deteriorating quality of crude exported to the West is technical, and will be resolved in the near future. The ministry Continue Reading
The continued slowdown of US shale production and the looming deadline for Iran sanctions waivers have put a floor under oil prices this week Friday, April 19, 2019 Oil held Continue Reading
The era of oil is coming to an end, with global oil production set to halve in the next five to six years. To avoid a global economic slump, the Continue Reading
Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over Continue Reading
US President Donald Trump’s apparent signal of support for the Libyan National Army over the UN-backed Government of National Accord was motivated by the president’s concerns over the impact another Continue Reading
Abdullah Doma/Agence France-Presse — Getty Images President Trump on Friday abruptly reversed American policy toward Libya, issuing a statement publicly endorsing an aspiring strongman in his battle to depose the Continue Reading
The Senate yesterday passed a new bill, which provided for penalty against gas flaring and other malpractices in the oil and gas sector.The last legislation on gas flare, the Associated Continue Reading
BP PLC and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli oil-field complex offshore Azerbaijan, the U.K. oil major said Friday. The Azeri Central East Continue Reading
Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s Continue Reading
Reliance Industries denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan state oil company PDVSA via third parties and said it is not in Continue Reading
Bryan Thomas doesn’t want any more “wishy-washy conversations about climate change.” For four years, he has served as station chief of the Barrow Atmospheric Baseline Observatory, America’s northernmost scientific outpost Continue Reading
The Haynesville Shale in northeastern Texas and Louisiana is producing 10.522 billion cubic feet per day of natural gas this month, and is expected to produce even more next month, Continue Reading
Despite low fuel prices, scarce charging networks, and battery capacity problems, U.S. carmakers are forging ahead with their EV plans as regulatory pressure on the sector increases, Reuters reports , Continue Reading
American refiners are preparing for a busy overhaul season in the second quarter of the year as the entry into effect of the new International Maritime Organization’s emission rules approaches. Continue Reading
The Virginia State Air Pollution Control Board on Friday approved a regulation to reduce and cap carbon dioxide emissions from large fossil fuel-fired power plants. In an effort to address Continue Reading
A day after the Federal Energy Regulatory Commission approved two more major US Gulf Coast LNG projects, the agency’s chairman was bullish Friday on the notion that even more US Continue Reading
Two new projects to enhance the local Permian crude gathering and trunk line infrastructure were announced earlier this week, which could help bolster Permian crude prices by expanding takeaway capacity. Continue Reading
A supertanker filling up with crude in the Gulf of Mexico is routine these days. Less so is a supertanker loading American oil without coming within 1,000 miles of the Continue Reading
As the West burns, the South swelters, and the East floods, some Americans are starting to reconsider where they choose to live. For advice, a few of them are turning Continue Reading
Crude shipments from Iraq plummeted and congestion plagued a main waterway weeks after a fire and chemical spill at the Intercontinental Terminals Co. tank farm. (Bloomberg) — The U.S. Gulf Continue Reading
U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, Continue Reading
Russia has been cutting its oil production in line with the global output deal between OPEC and its allies, Russian Energy Minister Alexander Novak told reporters in Moscow on Friday. Continue Reading
Russia’s crude oil production stood at around 11.24 million bpd in the first 18 days of April, Reuters reported on Friday, citing an industry source. This means that the leader Continue Reading
Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported Continue Reading
Oil futures held steady on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. oil inventories supported prices, while a Continue Reading
The oil price rally so far this year was as much a result of tightening supply as it was a sign of oil demand growth holding resilient and defying doom-and-gloom Continue Reading
Two sets of oil producers are fighting for dominance: the growing U.S. shale patch and the Organization of the Petroleum Exporting Countries. Investors are trying to figure out which side Continue Reading
Iraqi Prime Minister Adel Abdul-Mahdi traveled to Saudi Arabia this week and met with King Salman, in a sign of deepening relations between two countries that for years had no Continue Reading
Saudi Arabia continued to slash its oil exports as this year progressed, with February crude shipments dropping by 227,000 bpd from January to just below 7 million bpd, as the Continue Reading
Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market to be “well balanced” this year. “This year, we have seen the implementation Continue Reading
Former Vice President Atiku Abubakar made an unpopular statement during the campaign worth a second thought. He said if he was elected president, he would sell off the Nigerian National Continue Reading
President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according Continue Reading
China appears to have kept the flow of crude into strategic and commercial storage facilities at high levels in the first quarter, even as the price of oil climbed. While Continue Reading
Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters . The fuel was Continue Reading
Exxon Mobil Corp said on Thursday the U.S. oil major along with its partners have made an oil discovery offshore Guyana, which adds to the previously estimated 5.5 billion barrels Continue Reading
Russian diplomats have tried to buy riot gear in Malta and allegedly load it on a warship en route to Venezuela, in a move that raises concerns in the EU Continue Reading
