Crude oil futures recovered in mid-morning trade in Asia Thursday following news of a Cushing Hub pipeline spill, but bearish market drivers continue to cap the uptick. At 11:45 am Continue Reading
Crude futures fell Wednesday after the US Energy Information Administration reported a 5.7 million-barrel build in crude inventories for the week that ended October 25. ICE front-month Brent settled at Continue Reading
The Energy Information Administration reported a crude oil inventory build of 5.7 million barrels for the week to October 25, pressuring oil prices a day after the American Petroleum Institute Continue Reading
Iraq’s most powerful politicians appeared to withhold support for Prime Minister Adel Abdul Mahdi on Wednesday, as anti-government protests swelled into the biggest mass demonstrations the country has seen since Continue Reading
As US Democrats bandy about a series of wispy trillion-dollar green deals, Saudi Arabia has a green deal of its own—one of monumental proportions. But Vision 2030 is not without Continue Reading
After President Trump suggested on Sunday that he would like to make a deal with Exxon Mobil or “one of our great companies” to go into occupied Syria and take Continue Reading
OPEC’s top producer and de facto leader Saudi Arabia has informally asked Brazil to join the organization, Brazilian President Jair Bolsonaro said on Wednesday, adding that he would personally like Continue Reading
The Russian Direct Investment Fund (RDIF)—Russia’s sovereign wealth fund—will not make a huge investment in the listing of Saudi Aramco, although some Russian funds believe that the Saudi oil giant Continue Reading
Iraq’s Oil Ministry has implemented a decision by the Cabinet to remove Ihsan Ismaael as acting director-general of the state-run Basra Oil Company (BOC), temporarily replacing him with Bassim Abdulkarim. Continue Reading
As the last of the Middle Eastern summer fades away, is the region slipping into a new Arab spring? In Iraq, demonstrators are being shot dead in the streets. In Continue Reading
The U.S. mission in Syria has morphed far beyond counterterrorism operations and now puts American forces in a position where they could battle Russian troops for control of Syrian oil. Continue Reading
Iraqi security forces killed two people on Wednesday by shooting tear gas canisters directly into their heads in an attempt to stop protesters entering Baghdad’s heavily fortified Green Zone, security Continue Reading
It’s that time of the year again, the final OPEC+ meeting of 2019 has been scheduled and is ready to take place in December. Geopolitical tensions in the Middle East Continue Reading
Oil workers in Iraq’s southern provinces are beginning to join anti-government demonstrations , a sign that the country’s volatile protest movement is starting to touch the oil sector. The demonstrations Continue Reading
Thousands of anti-government demonstrators were due in the Pakistani capital on Thursday to demand that the government step down, piling more pressure on Prime Minister Imran Khan as he strives Continue Reading
Sebastián Piñera, centre, said his government needed to concentrate on “re-establishing public order” Chile has pulled out of hosting two major international summits, including a UN climate change conference, as Continue Reading
At least one large international oil player will refrain from taking part in the so-called transfer-of-rights oil auction Brazil has scheduled for next week. Repsol Sinopec, a joint venture between Continue Reading
Two more Guyana exploration wells planned Has success in US Gulf of Mexico Esox discovery Bakken output up 38% year over year on better wells Hess Corp’s first oil in Continue Reading
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile Continue Reading
Brazil’s President Jair Bolsonaro floated the idea of joining OPEC during a visit to Saudi Arabia. Appearing at the so-called “Davos in the Desert,” Bolsonaro expressed interest in OPEC. “I Continue Reading
Tesla surprised the market last week with an unexpected profit for the third quarter, but a filing to the SEC on Tuesday showed that the electric vehicle (EV) maker saw Continue Reading
Chinese oil and gas giant PetroChina reported on Wednesday a 58-percent plunge in its third-quarter profit as lower oil prices, fierce domestic fuel competition, and slowing gas demand growth weighed Continue Reading
Despite slowing economic growth, Southeast Asia is on its way to become a net energy importer, the International Energy Agency said in its annual Southeast Asia Energy Outlook. The agency Continue Reading
Beijing could remove extra tariffs imposed since last year on U.S. farm products to ease the way for importers to buy up to $50 billion worth, rather than direct them Continue Reading
China’s listed manufacturers are increasingly putting their money into financial assets such as stocks and bonds rather than investing in their own businesses, as the potential returns from capital expenditure Continue Reading
A Republican lawmaker has expressed “deep concern” that the U.S. government has been slow to roll out rules to stop American companies from selling their most sophisticated technology to China. Continue Reading
The woes for natural gas drillers continue, with forecasts for prices over the next few years showing a market stuck with oversupply. “Any hope of higher peak winter prices likely Continue Reading
Highlights Coal’s share of stack falls; gas, nuclear, renewables up Vogtle construction 81% complete Houston — Record-high temperatures across Southern Company’s service territories combined with enhanced rates and prices to Continue Reading
The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. (Bloomberg) — The downturn Continue Reading
Eyeing more restrictions on drilling following the 2020 presidential election, some U.S. oil and gas companies may accelerate fracking on public lands over the next year. Concho Resources said that Continue Reading
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson on Wednesday denied misleading investors about how the oil major measured potential costs of climate change, as he testified in a Continue Reading
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of Continue Reading
A pension fund covering about 90,000 coal workers and their families is on the brink of insolvency while hundreds of these miners also face losing medical benefits, part of mounting Continue Reading
Dogged by uneasiness over trade frictions and weak global growth, the American economy’s growth inched lower over the summer. Gross domestic product — the broadest measure of goods and services Continue Reading
Summary of Weekly Petroleum Data for the week ending October 25, 2019 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending October 25, 2019, Continue Reading
The United States saw its net natural gas exports in the first half of 2019 more than double from the same period last year, thanks to more liquefied natural gas Continue Reading
The UK government will soon make an announcement concerning hydraulic fracturing in the UK amid concerns about the tremors at a fracking site in recent months, Prime Minister Boris Johnson Continue Reading
Euro zone economic growth in the third quarter defied market expectations of a slowdown and was steady quarter-on-quarter, preliminary data showed on Thursday, while headline inflation slowed because of a Continue Reading
Denmark’s decision to approve the Nord Stream 2 pipeline strengthens Russia and weakens Europe, Ukrainian President Volodymyr Zelenskiy said on Thursday. The United States and several eastern European, Nordic and Continue Reading
The strong result stood out in an industry that has been hurt by weaker oil and gas prices. The U.K.’s BP PLC and France’s Total SA both announced falls in Continue Reading
Denmark has granted Russia’s state-controlled energy company Gazprom permission to build a controversial gas export pipeline through Danish waters. The October 30 approval removes the last major regulatory hurdle for Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Wednesday amid expectations of weaker global demand and a build in US inventories. At 10:32 am Singapore time (0232GMT), ICE December Continue Reading
If global oil demand growth continues to languish with uncertainties around the global economy and Brexit, the oil market will likely have to cope with another oversupply next year, according Continue Reading
In the first look at a series of earnings reports in the energy sector from the third quarter, there is a bit of a mixed picture offered up on the Continue Reading
A man wades along a flooded street as Hurricane Irma hits the Miami area Sept. 10, 2017. (Matt McClain/The Washington Post) Rising seas will be much worse and more expensive Continue Reading
The offshore market recovery is underway, albeit at a slow rate, and Transocean expects to capitalize on a tighter market and increasing demand for high-specification rigs, the company said Tuesday. Continue Reading
Rising seas could affect three times more people by 2050 than previously thought, according to new research, threatening to all but erase some of the world’s great coastal cities. The Continue Reading
At this week’s biennial Tokyo Motor Show, Toyota Motor Corp.’s booth didn’t feature any cars its customers can buy. Instead, the company showcased a mobile service that gives you a Continue Reading
Russia has informed Turkey that Syrian Kurdish YPG fighters have withdrawn from a strip of land near the Syrian-Turkish border within a deadline set by Ankara and Moscow, President Tayyip Continue Reading
World leaders and business executives converged upon the palatial Ritz-Carlton hotel on Tuesday, putting concerns about Saudi Arabia’s role in the 2018 murder of a dissident journalist behind them and Continue Reading
