Venezuela’s oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA’s primary destination for its Continue Reading
Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from Continue Reading
The search for ever-better materials to soak up oil from water has recently added a new member to this highly specialized and highly sough-after family: Chinese scientists have invented a Continue Reading
China’s eastern province of Shandong aims to cut its coal consumption by 50 million tonnes in five years, the provincial government said in a statement on Tuesday, to reduce greenhouse Continue Reading
For decades, elected leaders and corporate executives have chased a dream of independence from unstable or unfriendly foreign oil producers. Mission accomplished: Oil companies are producing record amounts of crude Continue Reading
An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian government this week or next, a deal that could help Continue Reading
A year-old bottleneck of crude in West Texas is shifting east as new pipelines prepare to begin operations without enough connections or storage for the smooth movement of shale oil Continue Reading
Major auto makers saw U.S. new-vehicle sales slip in the first half of 2019, which is expected to continue for the remainder of the year as the U.S. auto industry’s Continue Reading
Tesla Inc. returned to growth mode in the second quarter, beating Wall Street’s expectations for deliveries and setting a record, relieving some of the pressure on Chief Executive Elon Musk Continue Reading
Growing exports of US LNG will help prop up domestic natural gas prices despite surging production that has created a years-long glut, according to a report from Moody’s. Analysts at Continue Reading
Phillips 66’s proposed deepwater oil export terminal off Corpus Christi, Texas, expects to load up to 16 VLCCs a month, joining an already competitive market to move the next wave Continue Reading
The United States became a net oil exporter for the first time in 75 years, or so they say. While the U.S. may indeed be exporting more petroleum than it Continue Reading
President Donald Trump’s administration has worked tirelessly to rebrand domestic energy policy in the two and a half years since he came to office. As this White House markets it, Continue Reading
US shale won’t be the only beneficiary of higher oil prices if the commitment of OPEC and its Russia-led allies to extend their oil production cuts into March 2020 manages Continue Reading
Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers. European natural gas prices Continue Reading
The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid to Continue Reading
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March. Continue Reading
Oil prices pared gains on Monday after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna. Continue Reading
The global manufacturing slump deepened in June, with data from round the world illustrating the extent to which the US-China trade conflict is weighing on growth. A global manufacturing index produced Continue Reading
OPEC on Monday approved a nine-month extension of its production cut agreement after a seven-hour meeting, renewing its commitment to shoring up oil prices at the expense of its market Continue Reading
OPEC and its partners have decided to roll over the existing production cut agreement for another 9 months. After weeks of deliberations, infighting, global pressure and media hype, OPEC and Continue Reading
After so much hype and anticipation, it seems that the OPEC meeting in Vienna was all but over before it had even begun. Russia and Saudi Arabia have agreed to Continue Reading
Libya must remain exempt from any OPEC production cuts, the country’s National Oil Corp quoted its chairman, Mustafa Sanalla, as saying in a tweet. Sanalla also said Libya has the Continue Reading
The conflict in oil-rich Libya has now widened to directly include Turkey, with General Khalifa Haftar launching an air strike on a Turkish drone and then seeking to calm the Continue Reading
Saudi Arabia is trying to boost security measures in place for its oil infrastructure and in territorial waters, Russian media quoted Saudi Energy Minister Khalid al-Falih as saying on Monday, Continue Reading
While Libya’s oil lies at the heart of three months of fighting over Tripoli and years of power struggles before that, water is becoming a far bigger concern for its Continue Reading
VCG via Getty Images A week ago, a small tanker ship approached the Persian Gulf after a 19-day voyage from China. The captain, as required by international rules , reported Continue Reading
Iraq’s crude exports in June fell to 3.52 million b/d from 3.572 million b/d in May, according to figures provided by the State Organization for Marketing of Oil (SOMO) exclusively Continue Reading
Nigeria’s crude oil export fell by 1.6 million barrels in May, representing a 6.8 per cent decline from data for April export, according to figures obtained from the Central Bank Continue Reading
India’s top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first tender to hire an oil tanker with scrubbers that Continue Reading
Some summer demand for August boosted the price of liquefied natural gas (LNG) in Asia at the end of June from three-year lows earlier in the month, providing an incentive Continue Reading
China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of industries as per Continue Reading
Exxon Mobil Corp ( XOM.N ) said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits Continue Reading
A slowdown in U.S. drilling activity is taking a toll on the oil patch as Weatherford International PLC has become one of the biggest oil-and-gas bankruptcies in years. Among the Continue Reading
The U.S. factory sector lost momentum again last month, the latest sign that anemic global growth and trade tensions are contributing to a domestic slowdown. The Institute for Supply Management Continue Reading
A gauge of US manufacturing activity fell less than expected in June but hit its lowest level since October 2016, signaling the fallout from Washington’s multi front trade war. The Continue Reading
Timmy Couvillion first saw the oil plume at the bottom of the Gulf of Mexico more than two months ago, but the memory still makes his skin crawl. His small Continue Reading
Today, gasoline taxes are rising in a dozen U.S. states.The following infographic shows where gasoline taxes are going up today and it’s based on data from the Institute on Taxation Continue Reading
Highlights MOU announced in 2017 still awaits action Ongoing US-China trade war complicates investment decisions Houston — West Virginia officials are still hopeful that China Energy will eventually make good Continue Reading
Natural gas in underground storage to could continue filling at an above-average pace throughout the remainder of the summer in nearly all regions, keeping prices down at multiple hubs across Continue Reading
This analysis examined the effect of flight distance on greenhouse gas emissions per passenger, and compared emissions from flying different distances with annual emissions from driving. Greenhouse gas emissions were Continue Reading
The Governor of Montana, Steve Bullock, has broken away from the Democrat’s strong pro-climate change stance and threw his support behind the controversial Keystone XL pipeline, according to the Associated Continue Reading
Russia reduced oil production in June by more than the amount agreed in a global deal to cut output, the energy minister and industry sources said on Monday, as the Continue Reading
Russian pipeline monopoly Transneft said on Monday it had fully resumed oil supplies via the Druzhba pipeline following a major oil contamination episode earlier this year, RIA news agency reported. Continue Reading
The world’s second-largest producer of crude oil and natural gas, Russia, has been said by many energy industry analysts to be too dependent on energy revenues. Indeed, the country gets Continue Reading
French consumer fraud watchdog DGCCRF has searched the offices of energy companies, including those of giants Eni and Engie, as part of an anti-competition probe into France’s retail electricity and Continue Reading
Crude oil futures soared by nearly 2% during mid-morning trade in Asia Monday as OPEC and its allies look to extend their supply cut agreement at a time of growing Continue Reading
Oil prices were up on Monday as OPEC and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna Continue Reading
The first day of trading after President Trump and Xi Jinping agreed to resume formal trade talks also saw a rally in metals and grains, in tandem with stocks, emerging-market Continue Reading
The period from 2010 to 2014 witnessed the highest sustained oil price environment in recent memory, with Brent averaging $110 a barrel and WTI $95 a barrel. This high oil Continue Reading
