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
