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Iran's Attack on Israel Sparks Global Concerns of Escalation

Iran's Attack on Israel Sparks Global Concerns of Escalation

Diplomatic and political leaders worldwide…

The Rise and Fall of Master Limited Partnerships

The Rise and Fall of Master Limited Partnerships

Master limited partnerships (MLPs) were…

News

Russia And Saudi Arabia Confirm Long-Term Oil Partnership

Russia And Saudi Arabia Confirm Long-Term Oil Partnership

Sep 17, 2018 at 11:49 | Irina Slav

Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy…

Power Demand Rebounds As Hurricane Florence Passes

Power Demand Rebounds As Hurricane Florence Passes

Sep 17, 2018 at 10:25 | Tsvetana Paraskova

Power demand in the Carolinas rebounded over the weekend as utilities started to restore service to millions of affected customers after Hurricane Florence made a landfall on Friday and…

Tesla To Repair Its Own Cars After Accidents

Tesla To Repair Its Own Cars After Accidents

Sep 17, 2018 at 09:02 | Irina Slav

“Tesla is bringing most collision repairs in-house, as outside firms take weeks to months for repairs, driving Tesla owners (and us) crazy,” CEO Elon Musk said in a tweet…

U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties

U.S. Secretary Of State Criticizes Iran-Chinese Oil Ties

Sep 14, 2018 at 13:46 | Tsvetana Paraskova

U.S. Secretary of State Mike Pompeo slammed Iran’s Supreme Leader Ali Khamenei for staying silent on reports of China violating the human rights of Muslim minorities, accusing Iran of turning…

Japan May Have Loaded Its Last Iranian Oil Cargo

Japan May Have Loaded Its Last Iranian Oil Cargo

Sep 14, 2018 at 13:34 | Tsvetana Paraskova

A Japanese buyer has loaded Iranian oil on a tanker expected to arrive in Japan in early October, in what could be the last purchase of Iranian oil before the…

China’s Oil Production Rises For First Time Since October 2015

China’s Oil Production Rises For First Time Since October 2015

Sep 14, 2018 at 13:23 | Tsvetana Paraskova

China’s crude oil production inched up in August from a year ago for the first annual increase since October 2015 as Chinese state firms heed President Xi Jinping’s orders…

China Refinery Throughput Drops To 9-Month Low

China Refinery Throughput Drops To 9-Month Low

Sep 14, 2018 at 10:55 | Irina Slav

Chinese refineries processed 50.31 million tons of crude oil in August, the lowest since December 2017, calculations by Reuters based on data from the National Statistics Bureau showed. On…

Canada’s Environment Minister: No Apologies For Oil Industry Support

Canada’s Environment Minister: No Apologies For Oil Industry Support

Sep 14, 2018 at 09:37 | Irina Slav

Canada’s environment minister has to work for all Canadians, seeking both to pursue the government’s environmental agenda and to help expand its oil industry, Environment and Climate Change Minister Catherine…

U.S. Department Of Energy Authorizes Freeport LNG Exports

U.S. Department Of Energy Authorizes Freeport LNG Exports

Sep 14, 2018 at 09:03 | Irina Slav

Last week, the U.S. Department of Energy authorized Freeport LNG to export up to 2.14 billion cubic feet of LNG from the same-name facility in Texas “to any country…

Perry Tells Russia To Stop Using Energy As Economic Weapon

Perry Tells Russia To Stop Using Energy As Economic Weapon

Sep 13, 2018 at 18:05 | Tsvetana Paraskova

The United States welcomes competition from Russia on the global energy markets, but Russia can no longer use energy as an economic weapon, U.S. Secretary of Energy Rick Perry

India Scouting To Buy Oil And Gas Producing Assets In Russia

India Scouting To Buy Oil And Gas Producing Assets In Russia

Sep 13, 2018 at 17:59 | Tsvetana Paraskova

India’s state-held oil and gas companies continue to explore participation in more oil and gas projects in Russia, Indian Oil Minister Dharmendra Pradhan said at an India-Russia forum on…

U.S. Aims To Boost LNG Sales To Russia-Dominated European Gas Market

U.S. Aims To Boost LNG Sales To Russia-Dominated European Gas Market

Sep 13, 2018 at 17:48 | Tsvetana Paraskova

The European Union (EU) is becoming increasingly dependent on Russian natural gas supply, Steven Winberg, Assistant Secretary for Fossil Energy at the U.S. Department of Energy (DOE), said at…

Saudis Hire Ex U.S. Solicitor General To Campaign Against NOPEC Bill

Saudis Hire Ex U.S. Solicitor General To Campaign Against NOPEC Bill

Sep 13, 2018 at 17:12 | Tsvetana Paraskova

Saudi Arabia, OPEC’s largest producer and de facto leader, has hired former U.S. Solicitor General Ted Olson, now partner law firm Gibson, Dunn & Crutcher LLP, to lobby against proposed…

Iran Suffers Longest Gap In Oil Shipments To China Since 2015

Iran Suffers Longest Gap In Oil Shipments To China Since 2015

Sep 13, 2018 at 15:11 | Tsvetana Paraskova

Two supertankers left Iran’s oil terminal Kharg Island en route to China late on Wednesday—the first Iranian oil shipment to its single biggest oil customer in 18 days, which was…

Refining Margins In China's Shangdong Hub Continue To Rise

Refining Margins In China's Shangdong Hub Continue To Rise

Sep 13, 2018 at 14:35 | JLC

Shandong-based independent refiners have seen their crude refining margins gain for four straight weeks, on the back of strong product prices. Refiners' indicative product sales revenue for refining domestic

EPA Waives Pollution Rules Ahead Of Florence Landfall

EPA Waives Pollution Rules Ahead Of Florence Landfall

Sep 13, 2018 at 14:26 | Irina Slav

The Environmental Protection Agency has temporarily waived air pollution rules in Georgia and Virginia as Hurricane Florence approaches the coast and locals’ preparations for the landfall cause a decline in…

EU Court Rejects Russian Challenge To Sanctions Over Ukraine Energy Crisis

EU Court Rejects Russian Challenge To Sanctions Over Ukraine Energy Crisis

Sep 13, 2018 at 11:05 | Irina Slav

The General Court of the European Union upheld sanctions imposed on several Russian oil companies and banks after the annexation of Crimea in 2014 and Russia’s involvement in the Ukraine…

NOC: Libya's Oil Production Not Affected By Attack On Headquarters

NOC: Libya's Oil Production Not Affected By Attack On Headquarters

Sep 13, 2018 at 09:14 | Irina Slav

There has been no change in crude oil production in Libya following an Islamic State attack on the headquarters of the National Oil Corporation this week, Reuters reports, citing…

U.S. Slaps Sanctions On Libyan Militia Strongman Over Oil Attacks

U.S. Slaps Sanctions On Libyan Militia Strongman Over Oil Attacks

Sep 12, 2018 at 17:36 | Julianne Geiger

In what is largely seen as a win for the Libyan National Army’s (LNA) General Khalifa Haftar, the United States Treasury Department, in conjunction with the United Nations, slapped…

OPEC Cuts Global Oil Demand Growth Forecast, Again

OPEC Cuts Global Oil Demand Growth Forecast, Again

Sep 12, 2018 at 17:11 | Tsvetana Paraskova

For a second consecutive month, OPEC revised down its global oil demand growth estimate for this year and next, pointing at a combination of factors that could slow down global…

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