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Trafigura: EVs, AI And Clean Energy to Massively Boost Copper Demand

Trafigura: EVs, AI And Clean Energy to Massively Boost Copper Demand

The electric vehicle, Artificial Intelligence,…

Could We Power Flights With Human Waste?

Could We Power Flights With Human Waste?

Aviation companies are exploring the…

News

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…

European Gas Network Stable Despite Falling Dutch Production

European Gas Network Stable Despite Falling Dutch Production

Jan 24, 2018 at 17:07 | Zainab Calcuttawala

Despite production cuts at the Groningen gas field in The Netherlands, European gas networks will have stable supply in the short and long terms, according to an industry source…

Saudi Arabia May Link Aramco Revenue Royalty To Oil Prices

Saudi Arabia May Link Aramco Revenue Royalty To Oil Prices

Jan 24, 2018 at 15:44 | Tsvetana Paraskova

Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview…

Brazil’s Eletrobras Expects Up To $4B Proceeds From Share Sale

Brazil’s Eletrobras Expects Up To $4B Proceeds From Share Sale

Jan 24, 2018 at 14:56 | Tsvetana Paraskova

Brazilian state-controlled utility giant Eletrobras expects the share sale part of its upcoming privatization to raise between US$3 billion and US$4 billion, Eletrobras chief executive Wilson Ferreira Jr. told Brazilian…

Trafigura Set To Increase US Oil Exports

Trafigura Set To Increase US Oil Exports

Jan 24, 2018 at 13:02 | Tsvetana Paraskova

One of the world’s biggest commodity traders, Trafigura, has signed a long-term agreement to transport 300,000 bpd from the Permian Basin to the port of Corpus Christi in Texas,…

Saudis To Maintain Q1 Crude Oil Exports Around 7 Million Bpd

Saudis To Maintain Q1 Crude Oil Exports Around 7 Million Bpd

Jan 24, 2018 at 11:45 | Tsvetana Paraskova

Despite planned refinery shutdowns for maintenance at home, Saudi Arabia plans to keep the low level of its crude oil exports in the first quarter this year at around 7…

European Oil Shipments To Asia Slump To 4-Year Low

European Oil Shipments To Asia Slump To 4-Year Low

Jan 24, 2018 at 10:48 | Irina Slav

European crude oil shipments to Asia have dropped this month to a four-year low of 7.6 million barrels this month, Reuters trade flow information has revealed, as higher Brent…

Hong Kong Exchange Chief Confident Aramco Will List There

Hong Kong Exchange Chief Confident Aramco Will List There

Jan 24, 2018 at 09:11 | Irina Slav

Saudi Aramco will eventually pick the Hong Kong Stock Exchange for its international listing, the bourse’s chief executive Charles Li told CNBC. He said that Hong Kong would make…

Oil Pares Gains After API Reports Surprise Crude Inventory Build

Oil Pares Gains After API Reports Surprise Crude Inventory Build

Jan 23, 2018 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise build of 4.755 million barrels of United States crude oil inventories for the week ending January 17, ending the streak of seven…

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