The US oil and gas rig count rose by 11 week on week to 1,051, S&P Global Platts Analytics said Thursday, as the rig count continued a familiar seesaw pattern Continue Reading
U.S. East Coast ports can expect more cargoes like the one aboard the Maersk Cancun once Philadelphia Energy Solutions refinery shuts. The tanker delivered 296,000 barrels of reformulated gasoline from Continue Reading
US LNG has thus far reached over 30 nations. This year, the U.S. will surpass Malaysia to become the world’s third largest seller of LNG. The country could even eclipse Continue Reading
A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilizing oil markets, Russian President Vladimir Putin was quoted as saying in Continue Reading
Volkswagen is entering the growing car sharing sector with the launch of WeShare in Berlin today. With 1,500 e-Golf vehicles, the Volkswagen brand is bringing onto the roads a 100% Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday after US President Donald Trump renewed threats on further tariffs against China, if no progress is made on a Continue Reading
Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a larger-than-expected drawdown in crude stocks as Continue Reading
The U.S. and China appear to be making progress on trade talks ahead of the G20 meeting, but should they fail, the fallout for the oil market could be significant. Continue Reading
Oil prices have seesawed over the past few years, still far below the pre-2014 highs, but upstream spending is expected to continue to rise in the years ahead, according to Continue Reading
Highlights Rollover of supply cut agreement likely outcome G20 talks may overshadow OPEC meeting Secretary general up for term renewal London — Three months ago, OPEC and its allies deferred Continue Reading
Oil output in Iran and Venezuela, under U.S. sanctions, has fallen by more than that of other OPEC members party to a supply cut pact, suggesting President Trump’s policies have Continue Reading
Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer Continue Reading
South Korean President Moon Jae-in, right, shakes hands with Saudi Crown Prince Mohammed bin Salman during a meeting at the presidential Blue House, Wednesday, June 26, 2019, in Seoul, South Continue Reading
China is buying Iranian oil in defiance of US sanctions and providing what Tehran hopes will be a financial lifeline for the country’s buckling economy. Although Beijing customs data show crude purchases Continue Reading
Iraq, which has surpassed its oil output quota under the most recent OPEC/non-OPEC supply cut accord, is committed to the deal, but stands ready to meet any global demand growth, Continue Reading
Highlights US crude inflows recover to 8-month high Malaysia rises to 8th highest crude supplier China imported 1.08 million mt, or 255,065 b/d, of crude oil from Iran in May, Continue Reading
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to decide Continue Reading
Outages at North Sea oilfields have helped put competing for Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Continue Reading
South Korea’s refined oil product exports in May fell 10.5% on the year to 41.72 million barrels, or 1.35 million b/d, data released Wednesday from state-run Korea National Oil Corp Continue Reading
U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly three years, as exports hit a record high, the Energy Information Administration said on Continue Reading
Summary of Weekly Petroleum Data for the week ending June 21, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 21, 2019, Continue Reading
The accelerated production of shale wells leaves them uniquely positioned to take advantage of the peaks and plateaus in oil prices. Since the early days of shale oil and gas Continue Reading
(Reuters) – Eliminating fossil fuels from the U.S. power sector, a key goal of the “Green New Deal” backed by many Democratic presidential candidates, would cost $4.7 trillion and pose Continue Reading
Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the company confirmed on Wednesday, Continue Reading
Britain’s new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday, making it the first among the major G7 countries to set such a goal. Continue Reading
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed Continue Reading
The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55 million barrels for the week ending June 20, but still coming in over analyst expectations of Continue Reading
Oil prices climbed higher on Tuesday as investors shifted focus from trade war worries to the growing tension between Iran and the United States. (Click to enlarge) (Click to enlarge) Continue Reading
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors’ concerns that U.S.-China trade tensions could dampen fuel demand. barrel. U.S. crude Continue Reading
Because of relentless global warming, the world risks plunging into a ‘climate apartheid’—a scenario in which the rich will buy themselves out of the worst effects of climate change, while Continue Reading
“At some point in the next 20 years, it’s likely we’re going to see oil demand peak. Our own view at Wood Mackenzie, is around 2035, 2036,” Wood Mackenzie chairman Continue Reading
SEOUL (Reuters) – Saudi Aramco can meet the oil needs of customers using its spare capacity despite developments in the Gulf that are a cause for concern, the head of Continue Reading
In a cut above the usual barb-trading between Iran and the United States, President Trump threatened to meet any attack by Iran on “anything American” with “great and overwhelming force,” Continue Reading
Over and above the petty party squabbling that characterises the politics of Iraq’s semi-autonomous northern region of Kurdistan, it can safely be conjectured that at least two groups of people Continue Reading
Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer Continue Reading
The Department of Petroleum Resources (DPR) has said that in 2017, a total of 264,938,662 barrels of crude oil were stopped from getting out of oil fields in the country Continue Reading
Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and gas Continue Reading
China’s unprecedented economic development since Deng Xiaoping’s “Open Door Policy” , has transformed the Asian country into the second largest economy of the world. The booming economy has had the Continue Reading
Russia became the largest crude oil supplier to China in May, supported by robust demand from private refiners and alongside a fall in supplies from Iran. Imports from Russia came Continue Reading
Volatile but range-bound oil prices are limiting the ability of U.S. oil firms to pay down the debts they had accumulated in order to boost drilling activities and production. On Continue Reading
There were early warnings: Chinese investors became reluctant about investing in U.S. LNG projects soon after President Trump fired the first shot in what has turned out in a full-fledged Continue Reading
Nuclear is struggling in the United States. While the U.S. retains its position as the largest nuclear energy producer in the world, representing a whopping 30 percent of all nuclear Continue Reading
The US will lead global oil production growth for the next decade, and tight oil can continue to grow beyond the 2030s even moderate prices, ConocoPhillips chief economist Helen Currie Continue Reading
U.S. crude oil production reached a new all time high of 12.2 million barrels per day in May. U.S. crude oil production reached a new all time high of 12.2 Continue Reading
Thanks to booming US oil production, pipeline operators may be in the best position to expand into the water-handling business. (Bloomberg) — For companies that haul oil and natural gas, Continue Reading
Is the mighty Bakken Shale Oil Field finally peaking? Well, according to the data from the folks at the North Dakota Department of Mineral Resources, oil production in the Bakken Continue Reading
These interactive presentations contain the latest oil & gas production data from all 14,703 horizontal wells in North Dakota that started production from 2005 onward, through April. Oil production in Continue Reading
Philadelphia Energy Solutions (PES) is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar Continue Reading
America’s coal-burning power plants are shutting down at a rapid pace, forcing electric utilities to face the next big climate question: Embrace natural gas, or shift aggressively to renewable energy? Some large Continue Reading
