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Is Big Oil Underestimating Autonomous Vehicles?

Autonomous vehicles on an electrified…

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Saudis Lose South Korean Market Share To Iran

Feb 15, 2017 at 11:58 | Tsvetana Paraskova

South Korea doubled its imports of Iranian crude in January this year from the same time last year, when Iran returned on the international oil market and started exporting growing…

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Colorado Sues Boulder Over Oil Ban

Feb 15, 2017 at 10:26 | Irina Slav

Cynthia Coffman, the Attorney General of Colorado, has filed a lawsuit against Boulder County, following weeks of threats over the county’s refusal to remove a moratorium on oil and…

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Japan’s Tepco To Issue First Bond Since Fukushima Disaster

Feb 15, 2017 at 09:36 | Tsvetana Paraskova

In its first bond sale since the Fukushima nuclear tragedy in 2011, Tokyo Electric Power Co (Tepco) has filed plans to issue US$612 million (70 billion yen) worth of bonds,…

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Oil Slips After API Reports Strong Build To Crude Inventories

Feb 14, 2017 at 16:36 | Julianne Geiger

U.S. crude oil inventories increased yet again by 9.94 million barrels, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, reminding OPEC that its cuts…

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China Boosts Russian Oil Imports As Brent/Dubai Spread Shrinks

Feb 14, 2017 at 15:15 | Tsvetana Paraskova

Oilfield Services Rush To Raise Capital As Oil Recovery HoldsChina’s independent refiners, the so-called teapots, are importing Russia’s Urals grade with the drop in the Brent/Middle East spreads as OPEC’s…

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Syrian Regime Regains Control Of Key Gas Field

Feb 14, 2017 at 14:33 | Damir Kaletovic

The Islamic State has reportedly lost control of the Hayan natural gas field in Syria’s central province of Homs following a Syrian army operation to retake the strategic oil…

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Egypt To Draft Schedule To Pay $3.5B Dues To Oil Firms

Feb 14, 2017 at 13:29 | Tsvetana Paraskova

Egypt expects to soon draft a repayment schedule to pay US$3.5 billion in arrears it owes to foreign oil and gas companies, Egyptian Petroleum Minister Tarek El Molla said on…

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Shell Splashes $1B On Niger Delta Development

Feb 14, 2017 at 12:46 | Irina Slav

Shell’s Nigerian subsidiary has committed US$1 billion for the development of the Niger Delta, the Vice President of the federal government, Yemi Osinbajo, said. Osinbajo is on a tour…

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Libya Arrests Oil Executives For Alleged Offshore Fraud

Feb 14, 2017 at 12:28 | Damir Kaletovic

Just as Libya loads its first tanker from a new floating storage platform in the offshore Bouri oilfield, authorities have detained four senior oil executives over fraud related to the…

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Ukraine Not To Import Russian Electricity Despite Coal Shortage

Feb 14, 2017 at 11:33 | Tsvetana Paraskova

Despite the current coal shortage that threatens to disrupt Ukraine’s power generation, the country will not import electricity from Russia, Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk said on…

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