Canada risks becoming a banana republic for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. (Bloomberg) — Canada risks Continue Reading
Oil flows to Poland through the Druzhba pipeline resumed on Thursday after being suspended on Wednesday evening due to the discovery of contaminated oil, Polish pipeline operator PERN said on Continue Reading
Last week the BP Statistical Review of World Energy 2019 was released, covering energy data through 2018. The Review provides a comprehensive picture of supply and demand for major energy Continue Reading
London will hold its biggest car-free day event in September in a bid to encourage people to walk, cycle, and use public transport as the UK capital fights air pollution. Continue Reading
Groupe Renault, Nissan Motor Co., and Waymo have entered into an exclusive agreement for an initial period to explore all aspects of driverless mobility services for passengers and deliveries in France Continue Reading
Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Continue Reading
Iran’s Revolutionary Guard said early Thursday it had shot down a U.S. RQ4 Global Hawk drone over its territory. That claim came hours after the U.S. military said a Saudi Continue Reading
Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month. Continue Reading
U.S.-Iran tension continues to rise over the attacked tankers in the Gulf of Oman, but oil traders no longer seem to be paying attention. U.S. Secretary of State Mike Pompeo Continue Reading
Despite OPEC oil production cuts and Venezuela and Iran sanctions, the world seems to be oversupplied with crude oil, with the excess amounting to some 90 million barrels above the Continue Reading
Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, Continue Reading
After weeks of disagreements, conflicting reports, and discussions about scheduling conflicts, OPEC has finally decided when it will hold its key meeting to decide whether to extend the oil production Continue Reading
The United States sought on Wednesday to bolster its case for isolating Iran over its nuclear and regional activities by showing limpet mine fragments it said came from a damaged Continue Reading
“ Massive disruptions ” could be seen in the crude oil trade in the Middle East, particularly in the Strait of Hormuz, according to a new report from IHS Markit. Continue Reading
The Eni spokesman said the company “is not aware if, or has evidence of, a precise geographical origin different from that indicated on the documents of origin and load.” Washington Continue Reading
The volume of clean oil products flowing from the Persian Gulf into Asia could see some drops in the coming weeks as Asian traders and shipowners have become cautious about Continue Reading
Secretary of State Mike Pompeo told reporters Iran instigated attacks on two fuel tankers in the Gulf of Oman early Thursday. The attacks started fires, and crews on the vessels Continue Reading
Iran’s economy contracted by 4.9 percent in the 2018-2019 year ended in March, slipping further into recession as diminishing oil exports due to the U.S. sanctions are depriving the Islamic Continue Reading
A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.-Iran tensions Continue Reading
In what is the first confirmed strike against a foreign-owned oil asset, Libya’s National Oil Corporation said a warehouse in Tripoli that it owns jointly with Italian Eni was hit Continue Reading
Katyusha rockets struck two oil sites in Basra on Wednesday, raising fears that tensions between the U.S. and Iran could destabilize Iraq’s oil sector. While nobody has claimed responsibility for Continue Reading
The Trump administration Tuesday pressed other countries to step up their efforts to protect navigation through the Strait of Hormuz, while also downplaying the market impact of recent attacks on Continue Reading
“The President has been briefed on the reports of a missile strike in the Kingdom of Saudi Arabia,” White House press secretary Sarah Sanders said in a statement late Wednesday. Continue Reading
Premiums for Iraq’s Basrah Heavy crude grade fell sharply this month as Chinese demand for the grade dimmed on lower refinery run rates, traders said on Thursday. A spot tender Continue Reading
Motorists here have expressed concern over service stations which are charging for fuel in US dollars only despite a directive from Government that they should accept all forms of payment. Continue Reading
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel per day. Mr Baru disclosed this on Tuesday when Continue Reading
Millions of people are turning to water tank trucks in the southern Indian state of Tamil Nadu as house and hotel taps run dry in an acute water shortage caused Continue Reading
The Indian state of Maharashtra has identified a new location where India, in partnership with the state oil companies of Saudi Arabia and the UAE, plans to build a giant Continue Reading
India is witnessing a dramatic surge in US crude inflows and volumes could rise further as refiners look to seal long-term and spot deals to ensure steady supplies and cushion Continue Reading
Mexican President Andres Manuel Lopez Obrador’s push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, Continue Reading
President Trump speaks to reporters about the administration’s Venezuela policy as he departs the White House on May 30. (Jim Lo Scalzo/EPA-EFE/Shutterstock) Last winter, the ouster of Venezuelan President Nicolás Continue Reading
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to meet Continue Reading
Chinese state-owned refiners’ operating rates remained low in the first half of June, because of more refinery extended refinery maintenance, JLC data shows. This lull comes on the heels of Continue Reading
China could build as many as 30 overseas nuclear reactors through its involvement in the “Belt and Road” initiative over the next decade, a senior industry official told a meeting Continue Reading
“Had a very good telephone conversation with President Xi of China,” Mr. Trump said Tuesday on Twitter . “We will be having an extended meeting next week at the G-20 Continue Reading
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil Continue Reading
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to Continue Reading
President Donald Trump issued an executive order to slash the number of science advisory committees by one-third, with more cuts planned through attrition. Credit: Mark Wilson/Getty Images President Donald Trump’s Continue Reading
Construction at an ethene cracker plant on the Ohio River for making the building blocks of plastics. Credit: James Bruggers Democrats are mounting a challenge on the floor of the Continue Reading
The Trump administration finalized a new carbon emissions rule for U.S. power plants on Wednesday that it said could cut pollution without damaging the coal industry, replacing a much tougher Continue Reading
Canada approved construction of a contentious pipeline project on Tuesday that is expected to help the country’s struggling energy sector but is drawing attacks from environmentalists and indigenous leaders and Continue Reading
The Arctic spring thaw has begun with a bang, with extensive melting of the Greenland ice sheet and sea ice loss that is already several weeks ahead of normal, scientists Continue Reading
The Trump administration finalized its biggest climate policy rollback Wednesday, requiring the U.S. power sector to cut its 2030 carbon emissions 35 percent over 2005 levels — less than half Continue Reading
Summary of Weekly Petroleum Data for the week ending June 14, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 14, 2019, Continue Reading
US gasoline demand reached a record high last week, new US Energy Information Administration data showed Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In Continue Reading
Permian oil production is forecasted to hit 4.226 million barrels per day next month. The U.S. Energy Information Administration (EIA) has forecasted that Permian oil production will hit 4.226 million Continue Reading
Houston-based Lime Rock Resources will purchase oil and natural gas properties in Oklahoma from BP America Production Company. Houston-based Lime Rock Resources will purchase oil and natural gas properties in Continue Reading
A venture backed by NextEra Energy Inc. is trucking natural gas from the Marcellus Shale to New England, where pipeline bottlenecks have helped send prices for the fuel soaring in Continue Reading
“The Maine Yankee nuclear power plant hasn’t produced a single watt of energy in more than two decades, but it cost U.S. taxpayers about $35 million this year.” So begins Continue Reading
New York state lawmakers passed early Thursday one of the nation’s most ambitious plans to slow climate change by reducing greenhouse gas emissions to zero by 2050. If signed into Continue Reading
