Diesel fuel production has ramped…
The electric vehicle, Artificial Intelligence,…
In a move that could…
Oil flow from South Sudan has not been affected by the political turmoil in its neighbor to the north, Sudan, the oil minister of South Sudan, Ezekiel Lul Gatkuoth, has…
The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela to supply fuel and gain influence in the Caribbean…
Iraq is set to build an oil refinery of 150,000 bpd processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban. The ministry said…
South Korea’s imports of Iranian crude last month reached 1.2 million tons, or 8.8 million barrels which was a 23-percent increase on February and a fivefold increase in January, when…
Just two months after he tweeted a production figure forecast, Tesla’s chief executive has done it again just days after he had to appear in court because the Securities and…
India’s oil imports from Iran increased by some 5 percent between March 2018 and March 2019 compared to the previous fiscal year through March 2018, because Indian refiners rushed…
Just a week after the United States levied additional sanctions on Venezuela in an effort to curb its oil exports, the US has again hit shipping companies doing business…
Protests in Algeria continued on Friday, more than a week after Algeria’s president of 20 years, Abdelaziz Bouteflika, stepped down from the top office, with protesters angered at the…
Libya’s oil production is under threat from renewed fighting between warring armed groups and the situation could become as bad as it was during the 2011 civil war, the National…
European refiners are switching to Russian sour grades as U.S. sanctions have shrunk Venezuela’s similar-grade exports, Reuters reports, adding that the Russian sour crude is getting increasingly expensive. Citing…
ExxonMobil has raised concerns that part of the crude oil it bought from the U.S. Strategic Petroleum Reserve (SPR) last year contained very high levels of the toxic hydrogen sulfide—the…
Venezuela has sent 1 million barrels of crude to Cuba despite pressure from the United States to suspend these shipments, Reuters reports citing a PDVSA document as well as…
North Korea is making its move into the renewable and other alternative energy business, according to a CNBC report. North Korea, which has suffered under the weight of sanctions that…
The future of Algeria’s oil industry was called into question earlier this week as its political crisis took hold, and now its future is even more suspect, as its state-run…
Tesla and Panasonic have suspended plans to expand the battery capacity production of Gigafactory 1 in Nevada amid concerns that demand for Tesla’s electric vehicles may be weakening, business news…
The number of active oil and gas producing companies in Western Canada declined by nearly 17.5 percent between December 2014, when oil prices were already crashing, and December 2018, a…
Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million. Besides the…
Crude oil demand could begin declining steadily from 2025 onwards if governments and industries get serious about tackling climate change and reducing emissions, asset manager Legal and General Investment Management…
US natural gas-fired combined-cycle capacity overtook coal-fired capacity in 2018, the US Energy Information Administration reported on Wednesday. In the United States, natural gas-fired combined-cycle (NGCC) capacity has increased…
After seeing significant interest with an unprecedented $100 billion in orders on Tuesday, Aramco’s bond saw but mild upward moves on Wednesday, its first day out of the gate.…