The U.S. and China have had a complicated trade relationship for the last half century. WSJ’s William Mauldin looks at the key moments that landed the two countries on the Continue Reading
The United States and China intensified their trade dispute on Monday, as Beijing said it would increase tariffs on nearly $60 billion worth of American goods and the Trump administration Continue Reading
Heightened trade tensions between the U.S. and China over the last few days, that seemed to catch many media outlets and pundits off-guard, were actually always lurking just beneath the Continue Reading
China’s import demand for soybeans could be reduced by a cumulative 42 million mt by 2019-20, largely as a result of the African swine fever outbreak in the country, according Continue Reading
Producers bank on new access to overseas markets Receive daily email alerts, subscriber notes & personalize your experience. Register Now Port proposals far exceed US output projections US LNG developers Continue Reading
Houston — 25% duty a threat to commercializing new projects Receive daily email alerts, subscriber notes & personalize your experience. Register Now Industry urges resolution to trade tensions The promise Continue Reading
China said on Monday it would impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas, striking back in its trade war with Washington Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
U.S. liquefied natural gas exports have been on a steady rise over the past year, especially to Europe, where they surged by 272 percent since July last year. However, this Continue Reading
A bill at the Illinois legislature proposes to raise the annual registration fee for electric vehicles (EV) from US$17.50 to US$1,000 and to more than double the gas tax from Continue Reading
A collision between an oil tanker and a tug boat in the Houston Ship Channel on Friday caused a capsizing and an oil derivative leak. The tug boat, according to reports, Continue Reading
The Houston Ship Channel remained partially open to both inbound and outbound traffic Monday, three days after a collision between a tanker and a tug shut the key waterway, a Continue Reading
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country’s metal reserves largely unknown Continue Reading
The cannabis industry is hiding a dirty little secret. According to Evan Mills , a California-based energy and climate change scientist, the marijuana industry has a major problem…and it’s likely Continue Reading
US oil production from the top seven major shale plays is set to reach new record heights in June, according to the US Energy Information Administration’s latest edition of its Continue Reading
Hungarian oil group MOL will stockpile around 100,000 tonnes of contaminated Russian crude and, like other companies, make it usable by adding clean oil, the company said in a statement Continue Reading
Russian oil giant Rosneft plans to cut its net debt by $2-$3 billion in the second quarter, company managers told a conference call on Monday, adding sanctioned Venezuelan state oil Continue Reading
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow is finally within Continue Reading
In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and increasing reliance on imports. For hundreds of energy Continue Reading
Russia’s largest oil producer, Rosneft, reported on Monday a higher net income in the first quarter compared to both the fourth quarter of 2018 and Q1 2018, thanks to higher Continue Reading
Crude oil futures were stable during mid-morning trade in Asia Monday, as market participants mulled over the impact of the increased trade tensions between the US and China while ongoing Continue Reading
Beginning in 2016 oil prices bottomed, and began a stop-start recovery that has restored WTI and Brent (two globally recognized bench marks for oil) to about 65-70 percent of their Continue Reading
The world spent a staggering $4.7 trillion and $5.2 trillion on fossil fuel subsidies in 2015 and 2017, respectively, according to a new report from the International Monetary Fund. That Continue Reading
Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted in a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an Continue Reading
Saudi Arabia said on Monday that two Saudi oil tankers were attacked off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of Continue Reading
Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East even as investors and traders fretted over global economic growth Continue Reading
Two Saudi Arabian oil tankers suffered significant damage in an attack over the weekend near the Strait of Hormuz, the kingdom’s energy minister said, amid heightened military tensions in the Continue Reading
U.S. sanctions on Iran are now really starting to bite. In contrast to what European media portray, Iran’s oil and gas exports are plunging. Tehran’s ability to supply its Asian Continue Reading
Saudi Arabia’s oil minister Khalid Al Falih condemned a “sabotage attack” on Sunday involving two of the kingdom’s oil tankers off the coast of Fujairah, UAE, near the world’s biggest Continue Reading
The leaders of Saudi Arabia and Egypt successfully lobbied President Trump to shift U.S. policy in Libya and reach out to the general leading an offensive against the country’s United Continue Reading
Few in Iraq’s oil capital, Basra, look forward to the fetid humidity of summer, when temperatures can soar to 55C. But for Adel Abdul Mahdi, Iraqi prime minister, the coming Continue Reading
Saudi Crown Prince Mohammed bin Salman’s largely self-inflicted losing streak appears to have come to an end, and just in the nick of time, with arch-nemesis Iran in the process Continue Reading
Daily, about 126 heavy-duty trucks jot across a massive land area that is seven times the size of Victoria Island. This is aside the 750 heavy-duty equipment stationed in what Continue Reading
The Federal Government has accused former President Goodluck Jonathan and the former Minister of Petroleum Resources, Diezani Alison-Madueke, of accepting bribes and breaking the country’s laws to broker a $1.3 Continue Reading
A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to acquire a whole new reputation, Continue Reading
On Wednesday, U.S. president Donald Trump crushed any hopes of a trade deal with China when he announced that China “broke the deal” and that, as a consequence, the U.S. Continue Reading
It was a question that just as recently as last week was still undecided. Would Beijing kowtow to Washington’s demand that it stop importing Iranian oil at the start of Continue Reading
China will never surrender to external pressure, the government said on Monday, though stopped short of announcing how Beijing will hit back after Washington renewed its threat to impose tariffs Continue Reading
The U.S. and Chinese governments both sent signals ahead of their trade talks in Washington last week that a pact was so near they would discuss the logistics of a Continue Reading
Reuters BEIJING — One year ago, when he began a multibillion-dollar trade war with China that shook the global economy, President Trump demanded that Beijing end lavish government spending aimed Continue Reading
One of the refrains I often hear about the oil industry — particularly on those focused-on shale and tight oil — is that it collectively doesn’t make any money. There Continue Reading
Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will Continue Reading
Welcome to the bidding war that didn’t happen. The decision last week by international oil giant Chevron Corp. to leave its takeover bid for shale oil and gas-heavy Anadarko Petroleum Continue Reading
The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil received via the Russian Druzhba oil pipeline was ‘enormous’ and Belarus expects compensation from Continue Reading
A month and a half before OPEC and its allies are set to sit down and discuss how to proceed with their production cut pact, the leader of the non-OPEC Continue Reading
Oil prices were flat in early trading on Friday, sandwiched between supply outages and the escalating U.S.-China trade war. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to Continue Reading
Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed tightened global supplies Continue Reading
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion Continue Reading
Libya’s UN-backed internationally recognized government has suspended the Libyan operations of as many as 40 foreign companies, including those of France’s oil and gas supermajor Total, Reuters reported on Thursday, Continue Reading
China’s two largest oil companies, CNPC and Sinopec have not ordered any Iranian oil cargoes to load this month after the expiry of the sanction waivers Washington had granted China Continue Reading
