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The Rise and Fall of Master Limited Partnerships

The Rise and Fall of Master Limited Partnerships

Master limited partnerships (MLPs) were…

Gold Surges Past S&P 500 in Five-Year Growth

Gold Surges Past S&P 500 in Five-Year Growth

Gold has outperformed the S&P…

News

Aramco Eyes $16 Billion Investment In Small/Mid-size Businesses

Aramco Eyes $16 Billion Investment In Small/Mid-size Businesses

Apr 08, 2019 at 16:09 | Irina Slav

Aramco is planning to spend some US$16 billion on contracts with small and medium-sized enterprises in a bid to expand cooperation with this segment of the economy, Reuters reports,

Russian Official Hints At End Of Oil Cuts After June

Russian Official Hints At End Of Oil Cuts After June

Apr 08, 2019 at 14:04 | Irina Slav

A senior Russian official has suggested Russia will press for an end of the OPEC+ production cuts after the end of June when the original agreement expires, Reuters reports.…

Norway Is A Step Closer To Permanent Oil Drilling Ban At Lofoten

Norway Is A Step Closer To Permanent Oil Drilling Ban At Lofoten

Apr 08, 2019 at 13:28 | Tsvetana Paraskova

In a major policy shift during the weekend, Norway’s Labor Party—a long-time ally of the oil industry and the biggest party that is currently in opposition—said it would no…

Strike To Hit Production At Europe’s Largest Oil Refinery

Strike To Hit Production At Europe’s Largest Oil Refinery

Apr 08, 2019 at 11:41 | Tsvetana Paraskova

Oil products output at Europe’s largest oil refinery—Shell’s 404,000-bpd Pernis refinery in the Netherlands—will be reduced after workers started a strike on Monday, demanding higher wages.   “There will…

Saudi Arabia Rejects Reports About Plans To Drop Dollar As Oil Currency

Saudi Arabia Rejects Reports About Plans To Drop Dollar As Oil Currency

Apr 08, 2019 at 09:37 | Irina Slav

“The Ministry of Energy, Industry and Mineral Resources affirmed today that recently circulated claims that the Kingdom of Saudi Arabia is threatening to sell its oil in currencies other than…

U.S. Hits Venezuela With New Sanctions And More Still On Table

U.S. Hits Venezuela With New Sanctions And More Still On Table

Apr 05, 2019 at 18:26 | Julianne Geiger

Vice President Mike Pence announced that the United States will add 34 PDVSA owned or operated vessels to the sanctions list on Friday, according to Reuters. The announcement came…

Norway’s $1-Trillion Fund Eyes Unlisted Renewable Assets

Norway’s $1-Trillion Fund Eyes Unlisted Renewable Assets

Apr 05, 2019 at 18:15 | Tsvetana Paraskova

Weeks after Norway’s government proposed that the country’s US$1-trillion fund divest from pure exploration and production oil companies, the cabinet said on Friday that it will allow the world’s…

Shell Signs LNG Supply Deal In Asia Linking Prices To Coal

Shell Signs LNG Supply Deal In Asia Linking Prices To Coal

Apr 05, 2019 at 16:42 | Tsvetana Paraskova

Shell and Japan’s Tokyo Gas Co Ltd have signed a long-term liquefied natural gas (LNG) deal, whose price will include a link to coal prices, in an innovative type…

Oil Minister Denies Reports Of Exxon Leaving Nigeria

Oil Minister Denies Reports Of Exxon Leaving Nigeria

Apr 05, 2019 at 14:52 | Tsvetana Paraskova

Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu has said that he isn’t aware of any plans of U.S. oil and gas supermajor ExxonMobil to exit upstream operations in OPEC’s African…

Fitch: Oil To Average $62.50 In 2020

Fitch: Oil To Average $62.50 In 2020

Apr 05, 2019 at 13:26 | Tsvetana Paraskova

Brent Crude prices are expected to average $62.50 a barrel next year, down from $65 this year as slowing global economic growth could impact oil demand growth, Dmitry Marinchenko, senior…

Venezuela’s Oil Production Set For Further Decline In April

Venezuela’s Oil Production Set For Further Decline In April

Apr 05, 2019 at 12:09 | Irina Slav

Venezuelan PDVSA expects a sharp decline in oil production this month with the four upgraders operating in the country running a lot lower than capacity, Reuters reports citing company…

SEC, Musk Ordered To Resolve Tweet Issues Out Of Court Over Tesla Tweets

SEC, Musk Ordered To Resolve Tweet Issues Out Of Court Over Tesla Tweets

Apr 05, 2019 at 10:24 | Irina Slav

A New York District Judge ordered the Securities and Exchange Commission and Elon Musk to settle their differences regarding a tweet by the Tesla CEO out of court. “Take…

Chevron Emerges Victorious In Decades-Old Ecuador Case

Chevron Emerges Victorious In Decades-Old Ecuador Case

Apr 04, 2019 at 18:26 | Julianne Geiger

Chevron Canada has emerged victorious from a bitter battle over a decades-old court case in which thousands of Ecuadorian residents collectively sued Chevron for alleged water and soil contamination. The…

Tesla Reports Lackluster Q1 Deliveries

Tesla Reports Lackluster Q1 Deliveries

Apr 04, 2019 at 18:17 | Tsvetana Paraskova

While Tesla was working hard to ramp up production of Model 3, the EV maker faced challenges in deliveries and its total vehicle deliveries in the first quarter slumped by…

Value Of U.S. Oil & Gas M&A Deal Sinks To 10-Year Low In Q1

Value Of U.S. Oil & Gas M&A Deal Sinks To 10-Year Low In Q1

Apr 04, 2019 at 18:10 | Tsvetana Paraskova

The total value of oil and gas mergers and acquisitions (M&A) deals in the U.S. in the first quarter slumped to its lowest level in ten years as the deals…

Tanzania To Begin Talks With Majors On $30B Deepwater LNG Project

Tanzania To Begin Talks With Majors On $30B Deepwater LNG Project

Apr 04, 2019 at 17:55 | Tsvetana Paraskova

Tanzania’s government will start this month talks with major international firms to define the commercial terms for a deepwater liquefied natural gas (LNG) project off the coast of the…

France’s Total Expands Foothold In China’s Battery, LNG Markets

France’s Total Expands Foothold In China’s Battery, LNG Markets

Apr 04, 2019 at 14:54 | Tsvetana Paraskova

French oil and gas supermajor Total aims to capture more of the growing Chinese battery and liquefied natural gas (LNG) markets and has just struck two separate deals to gain…

Nigeria Struggles To Keep Oil Production At Quota Levels

Nigeria Struggles To Keep Oil Production At Quota Levels

Apr 04, 2019 at 13:46 | Irina Slav

Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the…

Study: ’Toxic Masculinity’ Negatively Impacts The Environment

Study: ’Toxic Masculinity’ Negatively Impacts The Environment

Apr 04, 2019 at 11:40 | Irina Slav

Gender bias could have a link to climate change, a new study has suggested, with men who perceive their masculinity as threatened by a certain choice more likely to respond…

South Korea To Replace Iranian Condensate With U.S. Superlight Oil

South Korea To Replace Iranian Condensate With U.S. Superlight Oil

Apr 04, 2019 at 10:28 | Irina Slav

Two South Korean refiners have bought an unspecified amount of U.S. superlight to test it as a potential replacement for Iranian condensate, Reuters reports, citing sources. The country is…

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