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Uncertainty Drives Investors to Oil Stocks

Uncertainty Drives Investors to Oil Stocks

The reason that investors have…

EU Sanctions on Russia Face Legal Challenges

EU Sanctions on Russia Face Legal Challenges

The recent legal challenges to…

News

North Korea Forced To Curb Military Exercises As Oil Embargo Continues

North Korea Forced To Curb Military Exercises As Oil Embargo Continues

Jan 29, 2018 at 17:42 | Zainab Calcuttawala

North Korea may be curbing its military exercises due to the United Nations’ oil embargo targeting the nuclear weapons program, according to The Wall Street Journal. Pyongyang usually conducts…

Washington State’s Oil-By-Rail Project Denied By Governor

Washington State’s Oil-By-Rail Project Denied By Governor

Jan 29, 2018 at 17:28 | Zainab Calcuttawala

A proposed oil-by-rail terminal along the Columbia river was denied a permit by Washington Governor Jay Inslee, according to a new report by the Statesman Journal. A state energy…

Four New Oil Refineries In Iraq Will Add 700,000-bpd Capacity

Four New Oil Refineries In Iraq Will Add 700,000-bpd Capacity

Jan 29, 2018 at 15:28 | Zainab Calcuttawala

The prospect of four new oil refineries in Iraq is attracting Chinese investment to the nation that is recovering from years of civil war and low oil prices, according to…

Canada’s Fort Hills Oil Sands Project Achieves First Oil

Canada’s Fort Hills Oil Sands Project Achieves First Oil

Jan 29, 2018 at 13:25 | Tsvetana Paraskova

The Fort Hills oil sands project in Alberta, Canada, has achieved first oil, with production expected to ramp up over the coming months to 180,000 bpd, France’s Total—which holds 26…

Ecuador Makes Progress In Oil Export Talks With China

Ecuador Makes Progress In Oil Export Talks With China

Jan 29, 2018 at 11:54 | Irina Slav

Ecuador and Chinese oil companies have reached a partial agreement on exports from the Andean country, but Quito will continue to insist on better conditions, the country’s Hydrocarbons Ministry said…

Chinese Coal Futures Spike On Shortage Concerns

Chinese Coal Futures Spike On Shortage Concerns

Jan 29, 2018 at 09:15 | Irina Slav

Prices of coal futures in China hit the highest since they were launched three years ago on growing worry about shortages of the fuel as peak winter energy demand continues…

Hackers Create “Perfect Virus,” Put Oil Companies On Edge

Hackers Create “Perfect Virus,” Put Oil Companies On Edge

Jan 26, 2018 at 14:09 | Tsvetana Paraskova

Russian security services have arrested a local hacker who planted malware at gas stations across Russia’s southern regions that had been cheating drivers out of the gasoline that they…

New U.S. Sanctions Target Russian Officials And Energy Executives

New U.S. Sanctions Target Russian Officials And Energy Executives

Jan 26, 2018 at 14:09 | Zainab Calcuttawala

Russian officials and energy executives were added to U.S. sanctions blacklist on Friday as the White House prepares to release details regarding further penalties for Moscow’s geopolitical business dealings, according…

Tesla Battles Rumors Of Quality Shortcuts From CNBC Report

Tesla Battles Rumors Of Quality Shortcuts From CNBC Report

Jan 26, 2018 at 14:09 | Zainab Calcuttawala

Tesla is battling rumors of staff shortages, hazardous batteries, and other quality concerns as the company ramps up delivery rates for its mass market Model 3 vehicle, Newsweek reports.…

Iran Says Nuclear Deal “Absolutely Not Renegotiable”

Iran Says Nuclear Deal “Absolutely Not Renegotiable”

Jan 26, 2018 at 13:13 | Tsvetana Paraskova

The Iranian nuclear deal that Tehran and the world powers signed in 2015 and that led to the lifting of restrictions on Iran’s crude oil exports is “absolutely not…

Largest Onshore Projects To Add 1.1 Million Bpd To Global Oil Supply By 2025

Largest Onshore Projects To Add 1.1 Million Bpd To Global Oil Supply By 2025

Jan 26, 2018 at 11:42 | Tsvetana Paraskova

The ten largest upcoming onshore oil projects worldwide are expected to add 1.135 million bpd to the global oil supply by 2025, according to research and analytics firm GlobalData.…

China Faces Fresh Heating, Power Shortages

China Faces Fresh Heating, Power Shortages

Jan 26, 2018 at 09:49 | Irina Slav

New heating and electricity shortages are looming over parts of China due to the combination of cold weather and insufficient coal supplies. That’s what four local utilities have warned Beijing…

U.S. Targets Oil Tankers Violating North Korean Sanctions

U.S. Targets Oil Tankers Violating North Korean Sanctions

Jan 25, 2018 at 14:21 | Zainab Calcuttawala

New sanctions from the White House target tankers that were revealed to be delivering oil products from Russia to North Korea, violating international sanctions against the latter state for its…

Nigeria Adds 200,000 Barrels Per Day To Its Offshore Output Capacity

Nigeria Adds 200,000 Barrels Per Day To Its Offshore Output Capacity

Jan 25, 2018 at 14:20 | Zainab Calcuttawala

A new floating production storage and offloading vessel (FPSO) arrived in Nigeria this week, adding 200,000 barrels per day of offshore output capacity to the OPEC country newly constrained by…

France Vows To Shut All Coal-Fired Power Plants By 2021

France Vows To Shut All Coal-Fired Power Plants By 2021

Jan 25, 2018 at 13:18 | Tsvetana Paraskova

a speech at the World Economic Forum in Davos, pledging that his country will be on the forefront in the global fight against climate change.   “I want to…

Mexico Hastens To Auction Oil Blocks Before Presidential Election

Mexico Hastens To Auction Oil Blocks Before Presidential Election

Jan 25, 2018 at 13:17 | Tsvetana Paraskova

Mexico will hold three oil auctions by the end of July, offering more than 100 areas in deepwater, shallow waters, and onshore, before Mexican President Enrique Peña Nieto—who ended the…

Dozens Of Small U.S. Refiners Seek Biofuel Waivers From EPA

Dozens Of Small U.S. Refiners Seek Biofuel Waivers From EPA

Jan 25, 2018 at 11:54 | Tsvetana Paraskova

A total of 27 small-sized U.S. refiners—a higher number than usual—have sought waivers from the biofuels standard program from the U.S. Environmental Protection Agency (EPA), Reuters reported on Thursday,…

Road Safety Watchdog Launches Probe Into Tesla Crash

Road Safety Watchdog Launches Probe Into Tesla Crash

Jan 25, 2018 at 09:38 | Irina Slav

The U.S. National Highway Traffic Safety Authority has launched an investigation into a crash that involved a Tesla Model S and a fire truck. The driver of the Tesla…

First Nations Tribes To Oppose Tanker Ban Set To Threaten Eagle Spirit Pipeline

First Nations Tribes To Oppose Tanker Ban Set To Threaten Eagle Spirit Pipeline

Jan 24, 2018 at 17:32 | Zainab Calcuttawala

First Nations leaders backing the $16 billion Eagle Spirit pipeline are raising money to challenge the Oil Tanker Moratorium Act that is currently making its way through the Canadian parliament,…

Saudi Aramco To Expand Business In The U.S. After Tax Bill

Saudi Aramco To Expand Business In The U.S. After Tax Bill

Jan 24, 2018 at 17:23 | Zainab Calcuttawala

Saudi Aramco will expand its operations in the United States due to President Donald Trump’s pro-fossil fuel policies, the state-run giant’s CEO told Reuters. “We are looking at new…

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