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Nigeria To Launch Crude Trading at its Commodity Exchange

Nigeria To Launch Crude Trading at its Commodity Exchange

Africa’s biggest oil producer, Nigeria,…

U.S. Shale Oil Production Growth Is Slowing Down

U.S. Shale Oil Production Growth Is Slowing Down

When the illusion of unending…

Arab Nations Act Against Iran-Israel Escalation

Arab Nations Act Against Iran-Israel Escalation

Arab states, including Jordan, Saudi…

News

Poland Suspends Russian Oil Intake On Contamination

Poland Suspends Russian Oil Intake On Contamination

Apr 25, 2019 at 08:26 | Irina Slav

Poland has shut down the flow of Russian crude oil via the Druzhba pipeline after traces of contamination were found, Reuters reports. An earlier report that Germany had…

Sabotage Of Nigerian Pipeline Causes Force Majeure

Sabotage Of Nigerian Pipeline Causes Force Majeure

Apr 24, 2019 at 17:50 | Julianne Geiger

Nigerian firm Aiteo Oil Exploration and Production Company, has discovered that sabotage was the cause of the fire that caused Nigeria’s oil production to fall 8% per day, creating…

Opposition Leader Juan Guaido May Be On the Hook for Citgo “Theft”: Maduro

Opposition Leader Juan Guaido May Be On the Hook for Citgo “Theft”: Maduro

Apr 24, 2019 at 17:40 | Julianne Geiger

Disputed Venezuelan President Nicolas Maduro has publicly criticized the “theft” of its state-owned and US-based refining operations, Citgo, in a radio broadcast on Tuesday, adding that those responsible of this…

Equinor Kowtows To Investors Over Climate Issues

Equinor Kowtows To Investors Over Climate Issues

Apr 24, 2019 at 17:32 | Julianne Geiger

Per shareholder prodding, Equinor will review its existing climate targets through 2030, and will come up with new ones for 2030 and beyond, and will tie executive and employee…

Ford Invests $500M In Tesla Rival

Ford Invests $500M In Tesla Rival

Apr 24, 2019 at 12:29 | Tsvetana Paraskova

Ford Motor Company is investing US$500 million in Rivian, an electric vehicle (EV) developer which is considered to be a potential future rival to Tesla. Ford, one of Detroit’s Big…

Cenovus Praises “Positive Impact” From Alberta’s Oil Cuts

Cenovus Praises “Positive Impact” From Alberta’s Oil Cuts

Apr 24, 2019 at 11:25 | Tsvetana Paraskova

Cenovus Energy, the first major Canadian oil firm to report Q1 figures and one of the early proponents of a production curtailment in Alberta, said on Wednesday that the…

Sonatrach CEO Ousted As Energy Crisis Deepens In Algeria

Sonatrach CEO Ousted As Energy Crisis Deepens In Algeria

Apr 24, 2019 at 11:05 | Irina Slav

The future of Algeria’s energy industry just got a little more murky as the interim president of the country fired the chief executive of Sonatrach and replaced him with the…

Trudeau’s Government To Decide On Trans Mountain Pipeline By June

Trudeau’s Government To Decide On Trans Mountain Pipeline By June

Apr 24, 2019 at 10:40 | Irina Slav

The federal government of Canada will announce its final decision on the Trans Mountain pipeline expansion project in mid-June, Finance Minister Marc Garneau told media. Interestingly, the decision may be…

IEA: OPEC’s Spare Production Capacity Reaches 3.3 Million Bpd

IEA: OPEC’s Spare Production Capacity Reaches 3.3 Million Bpd

Apr 24, 2019 at 07:32 | Julianne Geiger

OPEC’s spare capacity has reached 3.3 million barrels per day, according to an International Energy Agency (IEA) statement on the global oil markets released on Tuesday. “As a result…

Oil Wobbles After API Reports Crude, Gasoline Build

Oil Wobbles After API Reports Crude, Gasoline Build

Apr 23, 2019 at 15:54 | Julianne Geiger

The American Petroleum Institute (API) reported a build in crude oil inventory of 6.86 million barrels for the week ending April 19, coming in over analyst expectations of a

Putin Loses Popularity As He Raises Taxes And Rewards Oil Companies

Putin Loses Popularity As He Raises Taxes And Rewards Oil Companies

Apr 23, 2019 at 15:13 | Julianne Geiger

Mock headstones for President Vladimir Putin are the latest signal that Russian citizens are unhappy with this year’s tax hikes, according to Meduza,, with Putin’s polling numbers taking…

Apache Shuts In Permian Gas Production As Prices Crash

Apache Shuts In Permian Gas Production As Prices Crash

Apr 23, 2019 at 15:08 | Tsvetana Paraskova

Apache Corporation said on Tuesday that it had temporarily started to delay natural gas production at its Alpine High play in the Permian in late March to mitigate the…

Egypt's Oil & Gas Success Has Increased El-Sisi's Power

Egypt's Oil & Gas Success Has Increased El-Sisi's Power

Apr 23, 2019 at 12:39 | Tsvetana Paraskova

Egypt is set to announce on April 27 whether President Abdel-Fattah el-Sisi can extend his term in office from 2022 to 2030 under constitutional changes put to a controversial…

Musk Makes Bold Promise On Robotaxis

Musk Makes Bold Promise On Robotaxis

Apr 23, 2019 at 11:37 | Tsvetana Paraskova

Tesla’s chief executive Elon Musk expects the electric vehicle (EV) maker to have robotaxis as early as next year, the manager said at the Tesla Autonomy Investor Day on…

Exxon Inks Large LNG Deal Despite China/US Trade Row

Exxon Inks Large LNG Deal Despite China/US Trade Row

Apr 23, 2019 at 11:05 | Irina Slav

Exxon has inked a contract with Chinese Zhejiang Energy for the supply of 1 million tons of liquefied natural gas annually, the supermajor said, adding the Chinese company will…

China’s Unipec To Receive First U.S. Oil Cargo Since September

China’s Unipec To Receive First U.S. Oil Cargo Since September

Apr 23, 2019 at 09:16 | Irina Slav

Chinese Unipec, the trading arm of state oil giant Sinopec, will this week receive the first cargo of U.S. crude since shipments were suspended last September, Reuters reports, citing…

U.S. Won’t Release SPR Barrels To Calm Oil Markets

U.S. Won’t Release SPR Barrels To Calm Oil Markets

Apr 22, 2019 at 17:04 | Julianne Geiger

The United States will not be dipping into its Strategic Petroleum Reserves (SPR) to calm unsettled markets today, according to S&P Global Platts sources who were commenting about rising…

The Newest Arctic Chokepoint In Oil & Gas Shipping

The Newest Arctic Chokepoint In Oil & Gas Shipping

Apr 22, 2019 at 17:00 | Julianne Geiger

The US Coast Guard identified a potential chokepoint in the Bering Strait thanks to increased oil and gas shipments, a new report showed on Monday. In a rather imperfect…

Halliburton Expects Offshore Oil Spending To Jump In 2019

Halliburton Expects Offshore Oil Spending To Jump In 2019

Apr 22, 2019 at 16:25 | Tsvetana Paraskova

Halliburton Company expects total global offshore spending to jump 14 percent this year, one of the world’s largest oilfield service providers said on Monday as it announced its Q1…

India Looks To Add 12 New Nuclear Power Stations

India Looks To Add 12 New Nuclear Power Stations

Apr 22, 2019 at 16:00 | Julianne Geiger

India will add 12 nuclear power stations to its lineup to shore up its power supply situation, the Department of Atomic Energy (DAE) said on Monday, according to The…

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