The shift in Fed Chair…
The UK economy has shown…
Private equity firms and money…
Thanks to demand from the start-up of major refineries, Chinese crude oil imports in June have increased since May, and has increased by 15.2 percent from June last year, customs…
The shareholders of Anadarko Petroleum will vote on the company’s takeover by Occidental on August 8, Reuters reports, adding that Occidental avoided a shareholder vote on the deal by…
Despite President Donald Trump’s insistence that countries should take responsibility for protecting its own oil tankers through the risky Persian Gulf after two tankers were attacked off the coast of…
Two consumer groups opposed to fossil fuels are calling on California’s Governor Gavin Newsom to fire supervisors at the state agency regulating oil drilling permits over a conflict of interest,…
Phillips 66 will be temporarily closing down its 253,600-bpd Alliance, Louisiana, refinery ahead of possible flooding from a tropical storm in the Gulf of Mexico which is expected to…
China State Construction Engineering Corporation is looking for opportunities in Iraq’s oil industry and believes it could sign at least one contract per year for oil infrastructure in Iraq, Yu…
OPEC’s oil production dropped by another 68,000 bpd to 29.83 million bpd in June, as output from Iran and Libya—exempt from the production cut pact—and other members offset large increases…
The Pennsylvania government will not finance the recovery of the largest refinery on the U.S. East Coast, which suffered a devastating string of explosions late last month. “The administration does…
Iran will offer oil futures to interested foreign parties at pre-determined rates, the Tehran Times reported on Wednesday, citing Iranian VP Es’haq Jahangiri, despite US sanctions that have restricted…
Russia’s second-largest oil producer, Lukoil, has fully restored the volume of its oil supplies to customers after a major contamination on the Druzhba oil pipeline disrupted Russian crude supply…
Despite the ongoing rush to build oil pipelines to carry crude from the Permian to the Gulf Coast and an overbuild in the short-term, the fastest-growing U.S. shale play will…
Three Italians—including a close aide to Italy’s far-right Deputy Prime Minister and Interior Minister Matteo Salvini—and three Russians allegedly held a meeting in Moscow last October to plan an oil…
India continues to hold technical and commercial discussions with Westinghouse for arriving at a project proposal for nuclear reactors in the state of Andhra Pradesh, Jitendra Singh, Minister of State…
China will raise the retail ceilings of gasoline by CNY150/mt and diesel by CNY140/mt on July 10 (Wednesday), as international crude prices have rebounded in this pricing cycle, according to…
Oil producers in the U.S. part of the Gulf of Mexico have begun evacuating employees from their platforms ahead of a possible storm that is for now a tropical depression,…
The American Petroleum Institute (API) reported a huge crude oil inventory draw of 8.129 million barrels for the week ending July 4, compared to analyst expectations of a smaller
Any disruption in the oil exports flowing through the Strait of Hormuz will be a “major obstacle” for Iraq’s economy, Iraq’s Prime Minister Adel Abdul Mahdi said on Tuesday as…
Chevron said that a group of Ecuadorian plaintiffs had dismissed their only remaining lawsuit against the U.S. supermajor that sought to enforce a US$9.5-billion judgment over water and land…
Egypt seized a Ukrainian oil tanker carrying Iranian crude while it was crossing the Suez Canal ten days ago, according to a report from Arab news outlet Al-Araby Al-Jadeed carried…
Iran’s ‘misery index’—an informal measure of an economy that adds inflation to the unemployment rate—more than doubled this past winter, jumping to 39 percent from 19.4 percent in the…