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Something Has Got To Give In Oil Markets

Oil continues to trade in…

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Canadian Prime Minister Bans Arctic Drilling… For Now

Canadian Prime Minister Trudeau has…

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Iran Announces 2 Billion Barrel Shale Oil Find

Feb 20, 2017 at 15:21 | Zainab Calcuttawala

The western province of Lorestan will be getting new attention from the Iranian oil ministry following the discovery of major shale oil reserves in the region, according to new

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Russneft To Raise 2017 Crude Oil Output If Market Rebalances

Feb 20, 2017 at 14:26 | Tsvetana Paraskova

Russian oil producer Russneft (not to be confused with Rosneft) plans to raise its oil production this year by at least 2.5 percent compared to last year’s 7 million tons…

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Platts To Include Norway’s Troll Crude In Brent Basket From 2018

Feb 20, 2017 at 12:07 | Tsvetana Paraskova

S&P Global Platts said on Monday that starting from January 2018, it will include Norway’s Troll crude grade in the Brent basket—a first such addition since 2007—in a bid…

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Arab-Majority Oil-Rich Iranian City Protests Power Cuts, Air Pollution

Feb 20, 2017 at 11:52 | Tsvetana Paraskova

Residents of the oil-rich Iranian city of Ahvaz with a majority Arab population have been protesting for a week over continuous power failures, air pollution, and government mismanagement. The…

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Iraq’s Oil Reserves Rise To 153 Billion Barrels

Feb 20, 2017 at 10:45 | Tsvetana Paraskova

The results of appraisal and exploration in central and southern Iraq have led to increased estimate for the country’s proven oil reserves to 153 billion barrels from 143 billion barrels…

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China’s CNPC Joins BP, Total In Abu Dhabi Oil Venture

Feb 20, 2017 at 09:02 | Tsvetana Paraskova

Abu Dhabi National Oil Company (ADNOC) signed a deal on Sunday to award to the China National Petroleum Corporation (CNPC) an 8-percent stake in Abu Dhabi’s onshore oil concession…

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Could 10,000 Wind-Powered Water Pumps Save The Arctic Cap From Melting?

Feb 17, 2017 at 17:15 | Zainab Calcuttawala

A team of scientists from Arizona State University have devised a water pumping system that would reverse the devastating effects of climate change in the Arctic ice cap, according to…

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Kinder Morgan Begins Talks With Canadian Pension Funds For Trans Mountain Expans

Feb 17, 2017 at 17:04 | Zainab Calcuttawala

Kinder Morgan has entered into talks with Canadian pension funds and private equity firms to secure financing for the US $5 billion expansion of the Trans Mountain pipeline, sources…

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Amid Tension With Russia, Belarus Signs Deal With Iran

Feb 17, 2017 at 16:54 | Zainab Calcuttawala

This month—for the first time in the East European country’s history—Belarus signed a contract to purchase crude oil from the National Iranian Oil Company. A row between the former…

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Saudis Rethink Aramco IPO: Pure Oil & Gas or Conglomerate?

Feb 17, 2017 at 16:37 | Zainab Calcuttawala

Saudi Arabian officials are debating whether the country’s flagship oil and gas company, Saudi Aramco, should be listed as an industrial conglomerate or a specialized international oil company ahead of…

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