Iran’s police said on Monday officers had not fired at protesters demonstrating over Tehran’s admission that it shot down a passenger plane, as video on social media recorded gunshots and Continue Reading
The Trump administration warned Iraq this week that it risks losing access to a critical government bank account if Baghdad kicks out American forces following the U.S. airstrike that killed a Continue Reading
State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) Continue Reading
After a week of extreme turmoil in the Middle East, due to the killing of Iranian IRGC leader Soleimani , Iran’s 2 nd in command, and the Iranian missile retaliation Continue Reading
The US is committed to Middle East political stability, the Trump Administration’s top energy diplomat told S&P Global Platts, with robust American oil production tamping down market volatility and close Continue Reading
The global energy transition will need decades to develop and various paths taken will occur at different speeds, the chairman of Saudi Aramco said Monday. “A short-sighted narrative on the Continue Reading
Saudi energy minister Prince Abdulaziz bin Salman pledged on Monday to help ensure the stability of the global oil market amid rising tensions in the Middle East following the US Continue Reading
Libya’s warring rival leaders will hold peace talks in Moscow on Monday alongside representatives from Russia and Turkey, Russian news agencies cited the Russian Foreign Ministry as saying. The talks Continue Reading
Both of Libya’s warring factions accused each other of violating a ceasefire proposed by Turkey and Russia, as fighting continued around the capital, Tripoli, on Sunday. The Turkish and Russian Continue Reading
Exxon Mobil Corp. XOM -0.89% is in talks to sell its oil assets in Equatorial Guinea, the country’s oil minister said, and might be replaced there by a Russian company—among other options—as U.S. companies Continue Reading
Nigeria is shifting its upstream work towards NGLs and natural gas, to better comply with its crude production quota under the OPEC+ agreement, the head of the country’s national oil Continue Reading
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, stated that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Continue Reading
Mexico’s future is in large part dictated by the future of its oil and gas industry, and the rolling back of landmark energy reforms has now put that all in Continue Reading
China’s commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is Continue Reading
Farmers took a big hit. Importers of auto parts, furniture and machinery choked down punishing tariffs. Investment between the world’s two largest economies dropped. Much of the U.S. economy is largely Continue Reading
Automakers in China need to get used to a new normal of “low speed growth” in the world’s largest car market, the country’s top auto body said on Monday, as Continue Reading
Ford Motor Co’s ( F.N ) China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that Continue Reading
As major U.S. corporations prepare to close the books on a lackluster year of profit growth, they may need to shore up confidence that 2020 will show significant improvement to Continue Reading
Highlights US still relies on oil imports from Middle East, OPEC Saudi Arabia is second-largest import source for US Security of Iraq’s oil industry is a concern The US still Continue Reading
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as Continue Reading
Residents across the South on Sunday were digging out from a barrage of heavy rains, wind storms and tornadoes that left several people dead and tens of thousands without power Continue Reading
Prices for heavy crude in Canada have fallen to $36.66 per barrel, once again coming under pressure because of limits on pipeline capacity. Western Canada Select (WCS) typically trades at Continue Reading
When the inaugural Russia-Africa summit was held in October 2019, most industry observers believed that the majority of projects under discussion would not get past the FID stage – in Continue Reading
Britain’s economy grew at its weakest annual pace in more than seven years in November, after output fell sharply that month, though a stronger performance in previous months brightened the Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Friday as geopolitical tensions in the Middle East eased and market participants look for fresh price cues to provide direction. Continue Reading
U.S. West Texas Intermediate crude oil futures are in a position to finish sharply lower for the week after hitting a multi-month high just a few days ago. The selling Continue Reading
Oil prices have now fallen below where they were before the assassination of General Soleimani, suggesting that traders have turned their focus away from geopolitical tensions and are instead worrying Continue Reading
Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a Continue Reading
It’s been the steady drumbeat that has defined the oil market over the last two years. As tensions have mounted between Iran and the U.S., each development—from renewed sanctions to Continue Reading
Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters. “Non-OPEC Continue Reading
From curbs on diesel cars in some cities to “flight shaming,” transportation fuels are the focus of the climate change controversy at the start of 2020. Receive daily email alerts, Continue Reading
The walls of the American Embassy in Baghdad were still on fire and members of pro-Iranian armed groups were chanting threats outside when Iraq’s prime minister tried to explain the Continue Reading
China and the US are expected to sign phase one of their trade deal Wednesday at the White House, with the timing potentially complicated by increased US sanctions pressure on Continue Reading
The US on Friday announced new sanctions against Iranian officials and the country’s construction, manufacturing, textiles and mining sectors in response to Iranian strikes on US bases in Iraq on Continue Reading
Iran said on Saturday its military had mistakenly shot down a Ukrainian plane killing all 176 aboard, saying air defenses were fired in error while on high alert in the Continue Reading
The United States imposed more sanctions on Iran on Friday in retaliation for its missile attack on U.S. forces in Iraq this week and vowed to tighten the economic screws Continue Reading
“Deterrence is the art of producing in the mind of the enemy the fear … to attack,” said Dr Strangelove in the classic cold war movie. Some of Donald Trump’s Continue Reading
The Trump administration refused again Friday to recognize Iraq’s call to withdraw all U.S. troops, saying that any discussion with Baghdad would center on whatever force size the United States Continue Reading
A cyberattack with a data-wiping malware originating in Iran hit Bahrain’s oil company Bapco in late December, ZDNet reports , citing unnamed sources. According to the report, the attack only Continue Reading
Washington on Friday spurned an Iraqi request to prepare to pull out its troops, amid heightened U.S.-Iranian tensions after the U.S. killing of an Iranian commander in Baghdad, and said Continue Reading
South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. The first is that the country’s important exports – coal and platinum – Continue Reading
Engineering giant Siemens will decide by Monday on its involvement in the development of a controversial Australian coal mine being built by India’s Adani, CEO Joe Kaeser said on Friday. Continue Reading
Australia’s bushfire crisis worsened Thursday night into Friday as hot, dry and windy conditions redeveloped across the country’s hard-hit southeast, causing two large blazes to merge into one. The new Continue Reading
Bushfire conditions on Australia’s east coast eased on Saturday after a tough night for firefighters, and authorities said they expect to have at least a week of milder weather where Continue Reading
China will not cut subsidies for new energy vehicles (NEV) again in July, Miao Wei, its minister for industry and information technology, said on Saturday, in a move that could Continue Reading
President Donald Trump was flanked by officials from construction and other industries and his economic advisers on Jan. 9, 2020, as he announced changes to how the National Environmental Policy Continue Reading
Nearly a quarter of the nation’s carbon dioxide emissions come from fossil fuels developed on federal lands, according to a government report. Credit: Bureau of Land Management The Trump administration’s Continue Reading
Summary of Weekly Petroleum Data for the week ending January 3, 2020 U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 3, 2020, Continue Reading
2020 is starting off with two weeks of rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 15 rigs for the week. The Continue Reading
Threats of cyber attacks on North America’s electric network systems are growing, industrial cybersecurity firm Dragos said in a new report this week. This year, the firm has identified two Continue Reading
