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News

Mexico Begins Oil Contract Review

Mexico Begins Oil Contract Review

Sep 19, 2018 at 13:07 | Irina Slav

Mexico’s elected government has stayed true to President-elect’s campaign promise to review all oil contracts sealed by the previous administration and has started the review process for a contract with…

Iranian Hackers Step Up Attacks On Energy Firms

Iranian Hackers Step Up Attacks On Energy Firms

Sep 19, 2018 at 10:39 | Irina Slav

Iranian cybercrime group APT33 has stepped up its attacks on a variety of companies in the Persian Gulf, including energy firms, The National reports, citing research from security company…

China Slaps Tariffs On U.S. LNG, Threatens Export Growth

China Slaps Tariffs On U.S. LNG, Threatens Export Growth

Sep 19, 2018 at 09:11 | Irina Slav

As expected, China yesterday retaliated against the U.S. after President Trump announced a list of another US$200 billion worth of Chinese goods that will be subjected to tariffs, and…

Oil Prices Up Despite Crude Build

Oil Prices Up Despite Crude Build

Sep 18, 2018 at 16:00 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 1.25 million barrels of United States crude oil inventories for the week ending September 14, compared to analyst expectations that this…

Russian Exchange Launches Oil Trade In Crimea

Russian Exchange Launches Oil Trade In Crimea

Sep 18, 2018 at 14:03 | Tsvetana Paraskova

The St Petersburg International Mercantile Exchange (SPIMEX) started crude oil trading with loading at Crimea, Reuters reported on Tuesday, citing data published by SPIMEX. The mercantile exchange, which has…

Aramco To Spend $133B On Drilling Over The Next Decade

Aramco To Spend $133B On Drilling Over The Next Decade

Sep 18, 2018 at 13:38 | Tsvetana Paraskova

Saudi Arabia’s state oil firm Saudi Aramco plans to spend more than US$133.3 billion (500 billion Saudi riyals) on oil and gas drilling over the next decade, Saudi Aramco’s Senior…

Russia’s Energy Minister Sees Oil At $50

Russia’s Energy Minister Sees Oil At $50

Sep 18, 2018 at 13:17 | Tsvetana Paraskova

Oil prices in the long-term will be $50 a barrel according to Russian Energy Minister Alexander Novak, who noted that the current $70-80 oil price is driven by sanctions…

China's Diesel Demand Reaches Peak

China's Diesel Demand Reaches Peak

Sep 18, 2018 at 12:37 | Irina Slav

China’s demand for diesel has peaked and gasoline demand will soon follow, research from state energy giant CNPC has revealed. Reuters cites CNPC’s research division as also saying that…

Saudi Arabia To Invest $1 Billion In Tesla Rival

Saudi Arabia To Invest $1 Billion In Tesla Rival

Sep 18, 2018 at 10:37 | Irina Slav

Saudi Arabia’s sovereign wealth fund, PIF, announced that it has sealed a deal to invest more than US$1 billion in Silicon Valley-based electric car maker Lucid to help it bring…

Investors Flock To U.S. Oil And Gas Lease Sale

Investors Flock To U.S. Oil And Gas Lease Sale

Sep 18, 2018 at 09:03 | Irina Slav

The latest Bureau of Land Management lease sale, in New Mexico, could see an influx of investor interest in U.S. energy, Interior Secretary Ryan Zinke told Fox News, saying…

U.S. Looks To Export LNG To Germany

U.S. Looks To Export LNG To Germany

Sep 17, 2018 at 13:39 | Tsvetana Paraskova

Germany’s gas market is open to all players, a German government spokeswoman said on Monday, after U.S. officials said that U.S. liquefied natural gas (LNG) sales to Germany are…

Petrobras Aims To Cut Debt Further, Boost Oil Production In 2019

Petrobras Aims To Cut Debt Further, Boost Oil Production In 2019

Sep 17, 2018 at 13:31 | Tsvetana Paraskova

Brazil’s state-run oil firm Petrobras plans to shave another US$10 billion off its huge net debt and increase oil production by as much as 10 percent to 2.3 million bpd…

Novak: OPEC, Russia To Discuss All Possible Production Scenarios

Novak: OPEC, Russia To Discuss All Possible Production Scenarios

Sep 17, 2018 at 13:26 | Tsvetana Paraskova

OPEC and the Russia-led non-OPEC partners in the production cut deal could discuss all kinds of production scenarios at their meeting in Algeria at the end of this week,…

This IPO Could Be The Largest Oil Firm Listing In A Decade

This IPO Could Be The Largest Oil Firm Listing In A Decade

Sep 17, 2018 at 13:23 | Tsvetana Paraskova

Spain’s energy company Compañia Española de Petróleos (Cepsa) said on Monday that it plans to list 25 percent of its shares on Spanish stock exchanges in an initial public…

Cheniere Signs 15-Year LNG Deal With Commodity Trader Vitol

Cheniere Signs 15-Year LNG Deal With Commodity Trader Vitol

Sep 17, 2018 at 13:02 | Tsvetana Paraskova

Cheniere Energy has signed a 15-year sales and purchase agreement with major oil trader Vitol to sell around 0.7 million tons of liquefied natural gas (LNG) annually beginning this year,…

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…

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