The U.S. Maritime Administration issued on Friday a maritime advisory warning that Iran or its proxies could target oil infrastructure and commercial ships, including oil tankers, in and around the Continue Reading
Iran’s Revolutionary Guards said on Friday Tehran would not negotiate with the United States and a senior cleric warned that a U.S. Navy fleet could be “destroyed with one missile”, Continue Reading
U.S. commercial ships including oil tankers sailing through key Middle East waterways could be targeted by Iran in one of the threats to U.S. interests posed by Tehran, the U.S. Continue Reading
YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil for production growth as a glut slows natural gas output, managers at the state-backed company Continue Reading
The US Treasury Department on Friday announced sanctions on two companies and two tankers it said had delivered crude oil from Venezuela to Cuba from late 2018 through March 2019. Continue Reading
US Secretary of State Mike Pompeo plans to discuss Russia’s ongoing support for Venezuelan President Nicolas Maduro, including ongoing oil and product trade that the Trump administration views as undermining Continue Reading
No liquefied natural gas (LNG) vessels that left the United States in March and April have gone to China, Refinitiv Eikon shipping data shows, as the trade war between the Continue Reading
Trade talks between the U.S. and China broke off on Friday with no agreement announced hours after President Trump raised the tariff level on $200 billion of imports from China. Continue Reading
Trade talks between China and the United States ended on Friday without a deal as President Trump raised tariffs on $200 billion worth of Chinese imports and signaled he was Continue Reading
Chinese Vice Premier Liu He shakes hands with U.S. Trade Representative Robert E. Lighthizer as he leaves trade talks with Lighthizer and Treasury Secretary Steven Mnuchin in Washington on Friday. Continue Reading
U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending. Continue Reading
The number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, keeping Continue Reading
Occidental Petroleum and Anadarko yesterday signed a merger agreement putting the final stroke to the biggest deal in oil and gas since Shell’s acquisition of BG Group. Hart Energy quoted Continue Reading
The processes that create ozone pollution in the summer can also trigger the formation of wintertime air pollution, according to a new study from researchers at the University of Colorado Continue Reading
Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection. The company, which Continue Reading
As it prepares to start production of its first liquefaction train, Sempra Energy’s Cameron LNG is asking US regulators for permission to ship its planned commissioning cargoes on a specified Continue Reading
New York environmental regulators adopted rules to reduce carbon dioxide emissions from power plants that will force generators to stop burning coal in the state by the end of 2020. Continue Reading
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners Continue Reading
Moscow — Russia has resumed loading Urals crude at the Baltic port of Ust-Luga following a contamination issue that has shut down deliveries for a number of weeks. “Currently at Continue Reading
Volkswagen plans to build one million electric vehicles a year by 2025; given this target, handling battery recycling internally is a priority for cost and environmental reasons. In the long Continue Reading
Ireland has declared a climate emergency, with Climate Action Minister Richard Bruton calling climate change the greatest challenge mankind is facing. ITV quoted the minister as saying, “We’re reaching a Continue Reading
Oil prices picked up later in afternoon trading on Thursday after US President Donald Trump suggested that the United States may not raise tariffs on Chinese goods after all, according Continue Reading
Oil prices rose on Friday despite the start of U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest Continue Reading
Crude oil production in OPEC inched up by a modest 30,000 bpd to 30.26 million bpd last month, a survey by S&P Global Platts suggested, after four months of steady Continue Reading
The search for ever-better materials to soak up oil from water has recently added a new member to this highly specialized and highly sough-after family: Chinese scientists have invented a Continue Reading
The lingering oversupply of vessels in the VLCC market has left shipowners weighing options to either idle, reduce sailing speed extensively or take on only short voyages as freight returns Continue Reading
In Part 1 of this ten year update we reviewed the progress or lack thereof, of all the projects mentioned in the 2009 article, concluding that while some had failed, Continue Reading
OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to Continue Reading
Mounting uncertainty over oil supply disruptions are clouding OPEC’s outlook on global supply for the rest of this year, a month and a half before the cartel is set to Continue Reading
A floating oil tanker that hasn’t been maintained since the conflict in Yemen erupted in 2015 is currently under the control of the Houthi rebels, who are preventing a United Continue Reading
Saudi Arabia has received several “moderate” requests to replace Iranian oil next month, Bloomberg reports , citing an anonymous source familiar with Riyadh’s oil plans. The report comes on the Continue Reading
Saudi Arabia Deputy Crown Prince Mohammed bin Salman (Nicolas Asfouri – Pool/Getty Images) Saudi Arabia has come to the rescue for India as Iranian oil shipments have come to an Continue Reading
Iran’s oil exports are plunging. Waivers on U.S. sanctions for Iranian oil purchases expired earlier this month, and there is evidence that most countries are steering clear of running afoul Continue Reading
With its legal oil export avenues cut off by the end of all U.S. sanction waivers for its crude oil buyers, Iran has recently resumed illicit shipping of oil to Continue Reading
Highlights Currency crunch sparks fuel crisis Crude output continues to slump London — Angolan president Joao Lourenco began a major shake-up at state-owned Sonangol Thursday, dismissing Carlos Saturnino as chairman Continue Reading
Two Venezuelan lawmakers sought refuge at foreign embassies in Caracas on Thursday, as the government of President Nicolas Maduro cracked down on allies of opposition leader Juan Guaido who supported Continue Reading
President Andrés Manuel López Obrador said state oil company Petróleos Mexicanos would build an oil refinery after bids by private companies came in above his government’s $8 billion budget. The Continue Reading
The Movement for the Survival of the Ogoni People (MOSOP) said it had uncovered plans by the Nigerian government to commence oil drilling in Ogoniland using security agencies and criminally Continue Reading
Notwithstanding its increased production output of 1.95 million barrels daily (mbd) for April, according to the latest S&P Global Platts survey, Nigeria’s output remains below the 2019 budget benchmark of Continue Reading
China continues to set records in numerous sectors, but there are some records better left alone, including drawing near to becoming the all-time global crude oil imports leader. The country Continue Reading
Notwithstanding its increased production output of 1.95 million barrels daily (mbd) for April, according to the latest S&P Global Platts survey, Nigeria’s output remains below the 2019 budget benchmark of Continue Reading
China Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, are skipping Iranian oil purchases for loading in May after Washington ended sanction waivers Continue Reading
U.S. authorities seized a North Korean ship they allege Pyongyang used to illicitly transport coal in violation of U.S. and international sanctions, the Justice Department said. Officials said the seizure, Continue Reading
China has reiterated its intention to respond to the US tariff hike on imports of $200 billion worth of Chinese goods to 25% that kicked in on Friday but the Continue Reading
New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more Continue Reading
As emergency managers prepare for hurricane and wildfire seasons, they say growing development and higher population in vulnerable areas will likely amplify the damage and devastation. Meteorologists expect more than Continue Reading
U.S. shale oil—which just four years ago was the world’s second most expensive oil resource—is now the second cheapest source of new oil supply globally, just behind the giant onshore Continue Reading
Cheniere Energy held Thursday to its target to advance its midscale liquefaction expansion at its Texas export terminal next year even if US-China trade tensions remain hot, hopeful that buyers Continue Reading
US oil and gas rigs fell 13 to 1,071 the week ended May 8, S&P Global Platts Analytics said Thursday, resuming what has generally been a six-month downward trend despite Continue Reading
Although Colorado passed a sweeping overhaul of the oil and natural gas permitting process for drilling new wells in the state, and Democratic Governor Jared Polis declared an end to Continue Reading
