Crude oil futures were lower during mid-morning trade in Asia Friday amid expectations that OPEC+ members will not deepen production cuts at their upcoming meeting next week. At 10:53 am Continue Reading
Oil prices tanked early on Black Friday on rumors that OPEC’s leading members aren’t willing to deepen output cuts. At 12:40 PM ET, WTI was down 4.59% at $55.54 and Continue Reading
Oil prices fell in quiet trading Friday following the Thanksgiving holiday, a signal that crude could struggle to extend its recent rally in the final month of the year. U.S. Continue Reading
Oil prices fell on Friday, with U.S. crude dropping more than 4%, on fresh trade tensions and record high U.S. crude production, but they still ended the month higher as Continue Reading
Uncertainty over global economic and oil demand growth will continue to weigh on oil prices next year as the oversupply in the market will likely persist, the monthly Reuters poll Continue Reading
Highlights 67% of CO₂ emissions from eight economies All bar Europe yet to commit to Paris-plus 5% of Paris commitments seen as inadequate London — Of the eight major economies Continue Reading
OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the Continue Reading
Iraqi Prime Minister Adel Abdul Mahdi announced his resignation on Friday after the country’s senior Shi’ite Muslim cleric urged lawmakers to reconsider their support for a government rocked by weeks Continue Reading
Saudi Aramco’s share sale has attracted bids worth $44.3 billion as of Friday, about 1.7 times the amount the kingdom’s government plans to raise in what is on course to Continue Reading
Iraqi Prime Minister Adel Abdul-Mahdi said he would submit his resignation in response to criticism from the country’s top cleric following weeks of deadly protests, signaling a period of political Continue Reading
The past two days have seen forces loyal to Libya’s Government of National Accord (GNA) seize and then lose a key oilfield in the south, suggesting that General Khalifa Haftar’s Continue Reading
OPEC’s largest producer and de facto leader Saudi Arabia will likely tell fellow producers in the OPEC+ pact next week that the Kingdom would no longer tolerate and compensate for Continue Reading
At least 45 people were killed by security forces in Iraq on Thursday on the deadliest day since mass protests in OPEC’s second-largest oil producer began in early October. According Continue Reading
Algeria is amending its energy law in a bid to attract foreign investment into its oil and gas industry, months after international majors suspended talks about new projects amid mass Continue Reading
Protesters burned tires and surrounded a police station in the southern Iraqi city of Nassiriya on Saturday, a Reuters witness said, pressing their demands for sweeping reform despite the prime Continue Reading
Nicolas Maduro’s regime in Venezuela has spent US$5 billion worth of oil to reduce its debt to Russia and China and to send oil to Cuba, while leaving Venezuelans without Continue Reading
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. Continue Reading
The wake from Chip Campsen’s fishing boat has rippled all the way from the South Carolina coast to the White House. Mr. Campsen is a Republican state senator and dedicated Continue Reading
Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge — this time by major corporations — Continue Reading
The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies. The top oil Continue Reading
Spot prices for natural gas fell sharply on Friday as forecasts for warm weather spooked traders who were hoping for increased demand heading into what is normally cold season in Continue Reading
Daimler AG aims to slash thousands of jobs over the next three years and cut labor costs by $1.5 billion, the latest round of cost cuts in a sector squeezed Continue Reading
Before it became a “Game of Thrones” location, before Justin Bieber stalked the trails of Fjadrargljufur, and before hordes of tourists descended upon this small island nation, there were the Continue Reading
Russian oil companies prefer to keep their production restriction quotas until March, when the current OPEC+ cuts expire, and discuss an extension then, signaling that Russian producers don’t want deeper Continue Reading
Around 7%-8% of current Russian oil output is condensate: Novak Moscow — Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Friday amid expectations that OPEC+ members will not deepen production cuts at their upcoming meeting next week. At 10:53 am Continue Reading
Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, Continue Reading
Bunker fuel quality issues continue to persist in the industry, even as fuel management is set to become more critical, ahead of the International Maritime Organization’s, or IMO, January 2020 Continue Reading
There is no easy way out of “flight shame.” Swedish climate activist Greta Thunberg’s warnings against air travel seem to be having an effect, particularly in Europe. In a recent Continue Reading
A new report from the United Nations environment programme (Unep) finds that on current pledges, the world is heading for a 3.2 degree rise. Although G20 nations collectively account for Continue Reading
Bacteria have been rewired to live off carbon dioxide and they could be used to produce biofuels in a more sustainable way. Specific strains of Escherichia coli bacteria are often Continue Reading
A team of influential scientists has warned that the world faces the risk of “an existential threat to civilization” due to mounting evidence that tipping points in the climate and Continue Reading
Iraqi security officers opened fire on protesters in southern Iraq on Thursday, killing at least 35, as the government sought to quell violence that started with an attack on the Continue Reading
A wave of fresh unrest rippled across Iraq on Thursday as security forces clashed with demonstrators in Baghdad and cities in the south, leaving more than two dozen protesters dead Continue Reading
Oil production at Libya’s El Feel field in the southwest of the country restarted Thursday after clashes and air strikes between rival powers had shut down the key facility, state-owned Continue Reading
Iraq’s top Shi’ite Muslim cleric on Friday condemned the use of lethal force against protesters and urged demonstrators to reject acts of violence and vandalism, warning against another spiral of Continue Reading
Hundreds of legitimate workers, including drivers and fuel station attendants, are now idling away following the ban on the supply of petroleum products to filling stations in Nigeria’s land border Continue Reading
China vented on Thursday after President Trump signed new human rights legislation covering the protest-wracked city of Hong Kong. It denounced the new law as illegal interference in its own Continue Reading
Ted Clugston remembers the first time he saw his father cry. Decades later, the mayor of Medicine Hat, Alberta, still nurses a grudge for the man he holds responsible: then-Prime Continue Reading
One of the shale gas pioneer companies in the United States said earlier this month that depressed oil and natural gas prices may force it to breach loan covenants over Continue Reading
Australian rare earths miner Lynas Corp (ASX: LYC) and its United States-based partner Blue Line Corporation are fine-tuning funding plans to build a rare earths plant in Hondo, Texas. Lynas, Continue Reading
Fires were still burning at a Texas chemical plant after multiple explosions injured three workers and forced residents of Port Neches to evacuate. As of about 6 a.m. local time Thursday, Continue Reading
France is pushing the EU to introduce compulsory environmental reporting standards for European companies and apply a common definition of “green” financial products, according to finance minister Bruno Le Maire. “We Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday after the release of data showing a build in US crude and product inventories and a rise in US Continue Reading
Crude oil prices fell lower today after the Energy Information Administration reported a crude oil inventory increase of 1.6 million barrels for the week to November 22. The build in Continue Reading
Eastern Libyan forces said on Wednesday they had driven armed groups from Libya’s 70,000-barrel-per-day (bpd) El Feel Oil Field, where production was halted after a rival group took control of Continue Reading
Airstrikes have once again disrupted production of Libya’s El Feel oilfield on Wednesday, after the eastern-based Libyan National Army, led by Khalifa Haftar, retaliated after forces loyal to the UN-backed Continue Reading
Iraqi security forces shot dead 16 protesters in the southern city of Nassiriya on Thursday, medical sources said, and authorities imposed a curfew in Najaf after demonstrators burned its Iranian Continue Reading
Protesters set fire to the Iranian consulate in the Iraqi city of Najaf in a show of anger against Tehran’s involvement in the country’s affairs, raising the risk of a Continue Reading
While the US is allowing Chevron and four US oil companies to continue to operate in Venezuela to prevent the complete collapse of the South American nation’s oil sector, recovery Continue Reading
