India more than quadrupled its imports of U.S. crude oil between November last year and May this year as the U.S. sanctions on Iran significantly reduced Iranian crude purchases at Continue Reading
A surge in India’s oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, Continue Reading
China unveiled the world’s first intelligent Very Large Crude Carrier, which will have a capacity of more than 2.257 million barrels, China News Service reports , adding that the vessel, Continue Reading
Enter the dignitaries and diplomats. Tensions between Iran, its Middle East neighbors and the U.S. have grown since Iran’s downing of a U.S. drone and recent attacks on tankers near Continue Reading
Like many shale companies, Pioneer was pumping a lot but making little. It was spending hundreds of millions more than budgeted as it strained to meet a goal Mr. Sheffield Continue Reading
A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set Continue Reading
The average day rate for modern VLCCs, used to ship crude and petroleum products, has risen 69% to $30,759 since tensions flared in the strait earlier this month, according to Continue Reading
Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message Continue Reading
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold Continue Reading
Czech oil refiner Unipetrol has stopped taking oil from the Druzhba pipeline due to chloride contamination detected at the Ukraine-Slovakia border, Czech officials said on Monday, but the Slovak pipeline Continue Reading
