The U.S. is preparing measures ranging from criminal charges to sanctions against people it believes to be involved in Venezuela’s military-run emergency food program, according to U.S. officials, part of Continue Reading
Chinese companies looking to sign long-term agreements to buy crude oil from U.S. oil exporters have virtually disappeared, the chief executive of Enterprise Products Partners LP said on Tuesday. The United Continue Reading
The two-week pilot starting Tuesday will use big rigs supplied by autonomous trucking firm TuSimple to haul trailers on five round trips between distribution centers, the company said. The roughly Continue Reading
Hydrogen as a fuel has been drawing a lot of attention ever since the world decided to start weaning itself off fossil fuels. However, after years of research, hydrogen fuelled Continue Reading
US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter could come in Continue Reading
Shell seeks incentives from State of Louisiana as it weighs MEG project decision. Shell Chemical LP will advance feasibility plans to build a $1.2 billion monoethylene glycol (MEG) plant at Continue Reading
Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. Under a bill approved by both chambers Continue Reading
California Governor Jerry Brown’s name and others are pictured on a railroad rail after a ceremony for the California High Speed Rail in Fresno, California January 6, 2015. REUTERS/Robert Galbraith Continue Reading
Hopes for a speedy resumption of oil exports from Russia to Poland and Germany along the Druzhba pipeline route are fading after plans to remove dirty oil from the pipeline Continue Reading
Trading companies Vitol and Unipec are sending around 700,000 tonnes (5.1 million barrels) of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Continue Reading
BP’s shareholder meeting, in Aberdeen, was surrounded by climate-change protesters demanding tough targets for carbon emissions. Royal Dutch Shell’s, in Amsterdam, was not. This may have been a transport issue: Continue Reading
The United States is increasing its oil imports from Russia, according to a Bloomberg source , as US refineries clamor for more oil now that Venezuelan oil supplies have dried Continue Reading
More than 99 percent of BP’s shareholders voted in favor of a climate change shareholder resolution on Tuesday, pushing the UK oil and gas supermajor to set out a business Continue Reading
Russia’s Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the border of Hungary and Slovakia and was expected to reach the metering Continue Reading
A magnitude 3.4 earthquake hit the northern Dutch village of Westerwijtwerd close to the giant Groningen gas field early Wednesday, Dutch meteorology institute KNMI said. Receive daily email alerts, subscriber Continue Reading
Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. But gains were checked by concerns that Continue Reading
Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this Continue Reading
It’s been almost three-and-a-half years since global oil prices dipped to precarious levels for major oil producing nations. Oil prices had plunged from more than $100 per barrel in mid-2014 Continue Reading
There has been much talk of an Iran War in recent weeks, but the likelihood of a war, whether intentional or accidental, is relatively small for the simple reason that Continue Reading
Oil prices have gone through a significant correction over the past few weeks, with WTI crude dropping from a six-month high of $66.30/barrel on April 23 to $61.04/barrel on May Continue Reading
How climate change is sinking an Indian island. Scientists believe that global sea levels could rise far more than predicted, due to accelerating melting in Greenland and Antarctica. The long-held Continue Reading
OPEC+ is considering increasing production in the second half of 2019, as the oil market tightens following a series of major outages. OPEC+ met in Jeddah over the weekend to Continue Reading
OPEC and its partners may decide to keep the oil production cuts until the end of the year as the cartel fears a steep price drop if cuts were to Continue Reading
The Houthi rebels in Yemen said over the weekend that last week’s attack on an Aramco oil pipeline in Saudi Arabia was the start of military operations against some 300 Continue Reading
Supply risks abound from Iran to Venezuela to Libya and the peak summer oil demand season is just around the corner, but Saudi energy minister Khalid al-Falih still sees a Continue Reading
Highlights Saudi Arabia to hold production steady in May, June Crude burn set to increase to 491,000 b/d in July, on A/C use Iraq, Kuwait also will consume more crude Continue Reading
Iranian officials said Monday that within weeks they could exceed an internationally agreed cap on their stockpile of low-enriched uranium, as tensions between Iran and the U.S. escalated. Iran threatened Continue Reading
“Unacceptable and unjustified” are the words Iraqi Oil Minister Thamer Ghadhban used to describe ExxonMobil’s hasty exit from the troubled country, according to Reuters , but a late-night rocket strike Continue Reading
Venezuelans are having their fuel rationed with the rationing overseen by the military, Reuters reported on Sunday as fuel shortages begin to bite deeper. As local crude oil production continues Continue Reading
If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another Continue Reading
Market manipulation could be behind the fact that California drivers pay more for gasoline than the rest of the country, the Lost Angeles Times reports, citing a statement by the Continue Reading
Highlights US crude stocks seen falling 2 million barrels Refinery runs likely rose 0.5 percentage points Analysts see distillate draw, gasoline build New York — US commercial crude stocks are Continue Reading
The Environmental Protection Agency plans to change the way it calculates the health risks of air pollution, a shift that would make it easier to roll back a key climate change rule Continue Reading
Not everyone in the shale patch is profiting from the higher oil prices this year, the continuously rising oil production in the Permian, and the record U.S. crude output. While Continue Reading
Lone Star Ports LLC, backed by Carlyle Group, will be seeking a faster-track approval from the U.S. Administration for its project to build the first U.S. onshore export terminal capable Continue Reading
General Motors President Mark Reuss unveiled the company’s all-new electronic platform necessary for its next-generation of vehicles, EVs, active safety, infotainment and connectivity features, and the evolution of the Super Continue Reading
Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping Continue Reading
Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies ends all new oil and gas exploration or goes out of Continue Reading
Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to Continue Reading
Western oil majors Total and Eni have suspended payments to the Russian companies that sold them contaminated crude via the Druzhba pipeline, in a new controversy in what trading sources Continue Reading
US Atlantic Coast margins weakened last week as refiners returned from planned work while in Northwest European margins rose on refinery outages, despite tighter crude supplies from quality issues and Continue Reading
North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy. The company’s North Sea oil output forecast – which looks at crude and lease Continue Reading
pipUnited States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not Continue Reading
Ukrainian oil transit company UkrTransNafta has resumed oil transit toward European consumers after Hungary confirmed that it was ready to receive Russian oil, the company said on Tuesday. UkrTransNafta said Continue Reading
BP’s chairman said he recognized that the world’s energy consumption was on “an unsustainable path” and the oil major’s days of chasing ever higher output are coming to an end. Writing Continue Reading
Crude and lease condensate production in the North Sea is set for lower levels in the summer months, further tightening the global oil market which is already grappling with production Continue Reading
Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Continue Reading
From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks Continue Reading
Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of Continue Reading
Oil prices seesawed over the past week, jerked higher by tension in the Middle East but dragged down by fears of the fallout from the U.S.-China trade war. In fact, Continue Reading
