The U.S. State Department has threatened China with sanctions because of its continued imports of Iranian oil—a move that was only to be expected but hardly the wisest one amid Continue Reading
Corruption has led to a collapse in productivity at PDVSA, the Venezuelan state oil giant “Ghost ships” laden with oil are plying the Caribbean between Venezuela and Cuba as private Continue Reading
On Thursday, a British-flagged tanker transited the Strait of Hormuz under naval escort, while another vessel off the coast of Saudi Arabia delayed crude-loading and appeared to await an escort, Continue Reading
Thanks to demand from the start-up of major refineries, Chinese crude oil imports in June have increased since May, and has increased by 15.2 percent from June last year, customs Continue Reading
U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year. Continue Reading
The Pentagon is rapidly assessing the United States’ rare earths capability in a race to secure stable supply of the specialized material amid the country’s trade conflict with China, which Continue Reading
Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns, and keeping skeptical investors away. The constraints Continue Reading
The U.S. dropped a net total of five rigs this week, according to Baker Hughes, a GE Company. The U.S. dropped a net total of five rigs this week, according Continue Reading
The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing Continue Reading
Most U.S. refiners with plants in the path of Tropical Storm Barry took steps on Friday to keep them running, as the second named storm of the season strengthened and Continue Reading
