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Are Natural Gas Prices About To Fall?

While the natural gas market…

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Oil Markets Caught By Surprise

As the world comes to…

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Australia Positioned For Asian Plastics Boom

Naphtha, a product of oil…


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Bad News For Glut As US Offshore To Hit Record In 2017

Jun 24, 2016 at 17:47 | Charles Kennedy

Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and…

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Colombia’s Ecopetrol to Auction Off 20 Oil and Gas Blocks

Jun 24, 2016 at 17:08 | Erwin Cifuentes

Ecopetrol, Colombia’s largest state-run oil company, has announced its plans for an electronic auction of twenty gas and oil blocks to be held on 30…

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Gazprom Expects Profits To Triple Despite Low Oil Prices

Jun 24, 2016 at 14:42 | Matt Slowikowski

After posting an 86 percent drop in net profit of 159 billion rubles ($3.07 billion) in 2014, the Russian gas giant has posted margins of over 10…

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API Lobbies For Arctic Drilling To Remain On the Table

Jun 24, 2016 at 14:11 | James Burgess

The American Petroleum Institute (API) and other energy industry groups are urging the U.S. government not to remove Arctic offshore drilling from the table through 2022, despite…

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Lebanon Gets Seismic As Israel Prepares To Develop Massive Gas Field

Jun 24, 2016 at 12:41 | Charles Kennedy

Seismic surveys now show that Lebanon’s portion of the prolific Levant Basin is showing promising oil and gas reserves, as the country lags far behind Israel in tapping…

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CVS pharmacies Chevron and Exxon's Rockefellers State Street andNigeria’s Riches

Jun 24, 2016 at 12:26 | Lincoln Brown

Aliko Dangote, arguably the richest man in Africa, has plans to build Nigeria’s first privately-owned crude oil refinery while also doubling his cement operations. Speaking to Reuters,…

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Police Confirm Attack On Shell Facility In Nigeria

Jun 24, 2016 at 09:15 | Lincoln Brown

Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which…

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ISIS Oil Ministry Headquarters In Iraq Destroyed In 34 New Strikes

Jun 23, 2016 at 16:48 | Zainab Calcuttawala

Twelve ground and air strikes in Syria and 22 in Iraq, conducted by the United States-led coalition against the Islamic State, targeted the terrorist organization’s lucrative oil…

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$5B Panama Canal Expansion Opens Sunday, Promising To Change Global Trade

Jun 23, 2016 at 15:24 | James Burgess

As the Panama Canal prepares to inaugurate its first-ever expansion on Sunday with a price-tag of US$5.25 billion, news agencies are lauding it as a game-changing…

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Venezuela Oil Production Faces Worse-than-Estimated Decline

Jun 23, 2016 at 14:53 | Erwin Cifuentes

Venezuela’s sliding oil output may be tumbling at a rate faster than initially anticipated and production could soon reach a 27-year low. As mentioned by Argus Media…

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