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News

Renewables Overtake Coal In U.S. Electricity Mix For The First Time

Renewables Overtake Coal In U.S. Electricity Mix For The First Time

Jun 26, 2019 at 16:02 | Tsvetana Paraskova

Renewables held a larger share than coal in U.S. monthly electricity generation in April 2019, for the first time ever, reflecting seasonal factors and longer-term trends such as coal’s decline…

China Imports First Iranian Oil Since U.S. Ended Sanction Waivers

China Imports First Iranian Oil Since U.S. Ended Sanction Waivers

Jun 26, 2019 at 14:13 | Tsvetana Paraskova

Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed as of May all sanction waivers for Iranian oil customers, including its biggest…

Saudis Boost Downstream Business With $6B South Korean Chemical Deal  

Saudis Boost Downstream Business With $6B South Korean Chemical Deal  

Jun 26, 2019 at 13:18 | Tsvetana Paraskova

Saudi Arabia’s state oil giant Aramco signed on Wednesday a memorandum of understanding with South Korea’s refiner S-Oil—majority held by Aramco—to collaborate on a US$6-billion petrochemical project in South…

Saudi-Malaysian Refinery To Start Operating By Year-End

Saudi-Malaysian Refinery To Start Operating By Year-End

Jun 26, 2019 at 10:14 | Irina Slav

The Refinery and Petrochemical Integrated Development (RAPID) refinery in Malaysia, a joint project of Petronas and Saudi Aramco, is due to come online by the end of this year, S&P…

Kinder Morgan Wins Case for Gas Pipeline

Kinder Morgan Wins Case for Gas Pipeline

Jun 26, 2019 at 09:08 | Irina Slav

A Texas judge has ruled the Texas Railroad Commission does not have to approve the route of natural gas pipelines, which will allow Kinder Morgan to proceed with a US$2-billion…

Large Crude Inventory Draw Bolsters Prices

Large Crude Inventory Draw Bolsters Prices

Jun 25, 2019 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55 million barrels for the week ending June 20, but still coming in over analyst expectations of…

Trump Threatens Iran Obliteration As Rouhani Calls White House Mentally Retarded

Trump Threatens Iran Obliteration As Rouhani Calls White House Mentally Retarded

Jun 25, 2019 at 15:34 | Julianne Geiger

In a cut above the usual barb-trading between Iran and the United States, President Trump threatened to meet any attack by Iran on “anything American” with “great and overwhelming force,”…

‘Climate Apartheid’ Is Looming, UN Warns

‘Climate Apartheid’ Is Looming, UN Warns

Jun 25, 2019 at 13:35 | Tsvetana Paraskova

Because of relentless global warming, the world risks plunging into a ‘climate apartheid’—a scenario in which the rich will buy themselves out of the worst effects of climate change, while…

Kenya Signs Deal With Oil Firms To Build Crude Facility

Kenya Signs Deal With Oil Firms To Build Crude Facility

Jun 25, 2019 at 13:15 | Tsvetana Paraskova

Kenya’s government signed on Tuesday a heads of agreement with France’s major Total, Africa-focused Tullow Oil, and Africa Oil to develop an oil processing facility with capacity of

North-East Asia LNG Imports To Decline For First Time Since 2013

North-East Asia LNG Imports To Decline For First Time Since 2013

Jun 25, 2019 at 12:47 | Tsvetana Paraskova

Imports of liquefied natural gas (LNG) into Northeast Asia are set to decline in June from May, for the first time on record dating back to 2013, amid slowing economies…

Ukraine Prepares For Gas War As Talks With Gazprom Drag On

Ukraine Prepares For Gas War As Talks With Gazprom Drag On

Jun 25, 2019 at 10:10 | Irina Slav

Ukraine’s gas in storage reached 13 billion cubic meters as of June 22 as the country prepares for a worst-case scenario in which it loses its role as the main…

Ottawa Earmarks $208M For LNG Canada In Rare Move

Ottawa Earmarks $208M For LNG Canada In Rare Move

Jun 25, 2019 at 09:45 | Irina Slav

The federal Canadian government is investing US$208 million (C$275 million) in the LNG Canada project: the first of this magnitude in the country and the energy project that won the…

China Eyes 30

China Eyes 30 "New Silk Road" Nuclear Reactors By 2030

Jun 24, 2019 at 17:51 | ZeroHedge

A senior Chinese official and former chairman of the state-owned China National Nuclear Corporation, Wang Shoujun, said that the country needs to give more support to its nuclear programs…

Iran Says News Of Oil Reduced Exports is “Absolutely Wrong”

Iran Says News Of Oil Reduced Exports is “Absolutely Wrong”

Jun 24, 2019 at 17:15 | Julianne Geiger

Iranian Oil Minister Bijan Namdar Zanganeh is denying media reports that have depicted Iran’s oil exports as declining in the face of US sanctions, but did not offer alternate figures,…

IEA Ready To Act If Middle  East Tension Threatens Oil Supply

IEA Ready To Act If Middle East Tension Threatens Oil Supply

Jun 24, 2019 at 17:10 | Tsvetana Paraskova

The International Energy Agency (IEA) is very worried about the growing tension in the Middle East and stands ready to act in case of physical…

India Boosts U.S. Oil Imports To Offset Dwindling Iran Supply

India Boosts U.S. Oil Imports To Offset Dwindling Iran Supply

Jun 24, 2019 at 13:22 | Tsvetana Paraskova

India more than quadrupled its imports of U.S. crude oil between November last year and May this year as the U.S. sanctions on Iran significantly reduced Iranian crude purchases at…

Oil Pipelines Sabotaged In Syria

Oil Pipelines Sabotaged In Syria

Jun 24, 2019 at 11:34 | Irina Slav

Five underwater pipelines carrying crude oil were sabotaged this weekend, the Syrian Petroleum and Mineral Resources Ministry said, as reported by state news agency SANA. The ministry said a…

Iran Uncovers Spy Team At Oil Ministry: Farsnews

Iran Uncovers Spy Team At Oil Ministry: Farsnews

Jun 24, 2019 at 09:40 | Irina Slav

The Iranian security forces have arrested a group of people that Iranian media report were trying to influence officials at the country’s oil ministry into “putting off important decisions”…

Pemex No Longer Interested In Deepwater Oil Projects

Pemex No Longer Interested In Deepwater Oil Projects

Jun 21, 2019 at 16:32 | Irina Slav

Pemex will avoid investing in deepwater offshore projects, instead focusing on areas where it has experience, including the shallow waters of the Gulf of Mexico and onshore fields, Reuters

India’s Oil Minister Pleads With Saudi Arabia To Help Stabilize Oil Prices

India’s Oil Minister Pleads With Saudi Arabia To Help Stabilize Oil Prices

Jun 21, 2019 at 16:25 | Julianne Geiger

India’s oil minister Dharmendra Pradhan reached out to Saudi Arabia on Friday to discuss unrest in the region which is pushing up prices to levels that are…

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