China imported around 800,000 bpd of crude from Iran in April—the highest amount that Iran’s top oil customer purchased since August last year—as Chinese refiners rushed to buy Iranian oil Continue Reading
State-owned PetroChina has shipped gasoil, for the first time ever, on a 100,000 dwt vessel to Italy in Europe on May 5, according to its company-run media China Petroleum Daily Continue Reading
U.S. crude oil stockpiles fell unexpectedly last week, the Energy Information Administration said on Wednesday, and strong gasoline demand could point to additional drawdowns in coming weeks as driving season Continue Reading
U.S. energy company Exelon Corp said Wednesday it will shut the last reactor at the Three Mile Island power plant, site of the worst nuclear accident in U.S. history, on Continue Reading
ExxonMobil is promising up to $1oom over the next 10 years to US government laboratories to research technologies that could cut greenhouse gas emissions, as it seeks to show that Continue Reading
The U.S. State Department will complete an environmental impact review for the now notorious US$8-billion Keystone XL oil pipeline even if a federal appeals court dismisses the November 2018 ruling Continue Reading
US crude inventories fell 3.96 million barrels last week, as a decline in imports outpaced lower crude exports and refinery runs, an analysis of Energy Information Administration data showed Wednesday. Continue Reading
The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its final decision on the conduit next month, officials familiar with the Continue Reading
94 percent of U.S. offshore resources are not available for investment. Ninety-four percent of the United States’ offshore resources are not available for investment. That’s what Eric Oswald, vice president Continue Reading
Driven by a risk-taking chief executive, Occidental Petroleum Corp. is trying to swallow a competitor close to its own size, outmaneuvering one of the world’s oil giants in the process. Continue Reading
