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Top 5 Risks To Oil Prices

While general sentiment suggests that…

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Russia’s Power Plant Plans In Crimea Hit Sanction Snag

Apr 27, 2017 at 15:48 | Tsvetana Paraskova

Russia’s plans to build two electricity plants in Crimea to provide power to the annexed peninsula are being derailed by the sanctions that the EU and the U.S. have imposed…

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China To Stop Receiving Refiners’ Oil Import Requests

Apr 27, 2017 at 14:37 | Tsvetana Paraskova

In order to address concerns over refinery overcapacity at home, China will stop accepting applications by refiners to import crude oil beginning May 5th, the Chinese state planning commission…

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French Total Considers Stake In Aramco IPO

Apr 27, 2017 at 13:27 | Tsvetana Paraskova

Taking part in the much-anticipated IPO of Saudi Aramco is not off the table for oil major Total SA because it could be a good investment, the French group’s…

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U.S. And Allies Hit Oil-Related ISIS Targets In Syria And Iraq

Apr 27, 2017 at 12:04 | Zainab Calcuttawala

Twenty-nine new strikes by the United States and coalition forces have hit targets—including oil infrastructure—in Iraq and Syria, according to officials from Operation Inherent Resolve. "Near Dayr Az Zawr, six…

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Anadarko Shuts 3,000 Wells in Colorado After Explosions

Apr 27, 2017 at 09:59 | Irina Slav

Following a home blast near a vertical well operated by Anadarko (NYSE:APC) , the company said it will shut all its vertical wells in northwestern Colorado while it investigates the…

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BHP Billiton May Try To Sell U.S. Fayetteville Shale Asset Again

Apr 26, 2017 at 14:25 | Tsvetana Paraskova

BHP Billiton said on Wednesday that it is proceeding with a divestment of non-core U.S. acreage for value, and is considering all options for its Fayetteville shale gas asset in…

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Bakken Light Reaches Asia For the First Time

Apr 26, 2017 at 14:18 | Zainab Calcuttawala

The first ever batch of North Dakota Bakken crude will reach Asia in the next few days as a result of Mercuria Energy Trading’s latest export deal, according to Reuters,…

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New Kirkuk-Ceyhan Pipeline Explosion Disrupts Kurdish Production

Apr 26, 2017 at 14:02 | Zainab Calcuttawala

A pipeline explosion in Kirkuk caused a disruption in oil production on Wednesday, according to government sources who confirmed the source of the commotion. "An explosion occurred in Kirkuk,…

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Saudis, Russia To Discuss Oil Cuts Extension Within Two Weeks

Apr 26, 2017 at 13:32 | Tsvetana Paraskova

As OPEC and non-OPEC producers seem to move closer to a consensus over extending the output cut deal beyond June, Saudi Oil Minister Khalid al-Falih will talk a possible extension…

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Pemex Hedges Oil For First Time In 11 Years

Apr 26, 2017 at 12:08 | Irina Slav

Mexico’s state oil major has decided to hedge its oil output until the end of the year for the first time since 2006, spending $133.5 million on the maneuver.…

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