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Breaking News:

Crude, Gasoline Build Weigh on Oil Prices

Geopolitics / International

Ukraine Looks To Boost Domestic Nuclear Capacity

Feb 09, 2018 at 16:46 | The Jamestown Foundation

Westinghouse will extend nuclear fuel deliveries to seven of Ukraine’s fifteen nuclear power units to 2021–2025, in line with a contract signed between this firm and Ukraine’s state-owned nuclear power…

Global Energy Advisory February 9th 2018

Feb 09, 2018 at 16:32 | Editorial Dept

India has plans in place to increase its LNG import capacity to 70 million tons a year, which means the country will import more LNG than China did last year…

China Set To Launch Yuan-Prices Oil Futures Next Month

Feb 09, 2018 at 09:50 | Tsvetana Paraskova

In a move that could upend the pricing and trading of one of the world’s most actively traded commodities, China plans to finally launch its long-awaited and delayed yuan-denominated oil…

Venezuela Is Moving From Crisis To Collapse

Feb 08, 2018 at 16:40 | Nick Cunningham

Venezuela’s slumping oil production is a “clear and present danger” to the oil market, RBC Capital Markets said this week. Venezuela’s production continues to fall at a frightening clip, falling…

China’s Final Frontier – Introducing The “Polar Silk Road”

Jan 29, 2018 at 13:28 | ZeroHedge

China is expanding its "One Belt, One Road" initiative to satisfy a long-sought geopolitical objective: A claim to the Arctic. It has been nearly five years since China was granted…

Can Venezuela Save Its Oil Industry?

Jan 25, 2018 at 13:55 | Robert Rapier

The Wall Street Journal reported last week that Venezuela’s oil output in December fell by 11 percent, to 1.62 million barrels per day (BPD). That capped a decline of 29 percent in…

Venezuela’s Parliament Outlaws Maduro’s Cryptocurrency

Jan 10, 2018 at 11:18 | Tsvetana Paraskova

The Venezuelan Parliament, run by the opposition, voted on Tuesday to declare Nicolas Maduro’s plan to issue an oil-backed cryptocurrency—the Petro—illegal, claiming that it violates the constitution and attempts…

Iran Sanctions Will Help China's Petro-Yuan

Jan 08, 2018 at 16:42 | Nick Cunningham

In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the…

Russia, China And Iran Lose Interest In Venezuela

Jan 08, 2018 at 15:59 | Yale Global

Since the election of Hugo Chávez Frias to the Venezuelan presidency in 1998, followed by Nicolás Maduro in 2013, Venezuela has endured steady decline with the approval of the new…

China Is About To Shake Up Oil Futures

Jan 05, 2018 at 14:41 | ZeroHedge

he "huge story", as Graticule's Adam Levinson called it, will, it appears, be a "wake up call" for the West that seems to happily be ignoring this potential bombshell that is China's looming launch of…

Global Energy Advisory January 5, 2018

Jan 05, 2018 at 14:06 | Editorial Dept

Oil prices hit highs last seen before the 2014 slump thanks to continuing violent protests in Iran as well as the momentum from production outages that occurred last month in…

Can Blockchain Bring An End To Corruption?

Jan 03, 2018 at 14:29 | Viktor Katona

The Roman historian Tacitus once famously quipped “the more corrupt the state, the more numerous the laws”. Every year, roughly 2 percent of global GDP is lost to public…

Iranian Crisis Could Send Oil To $100

Jan 02, 2018 at 14:42 | Nick Cunningham

Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time…

Russia’s Grip On European Gas Markets Is Tightening

Dec 29, 2017 at 14:21 | Nick Cunningham

Despite years of effort from the EU, Russia’s grip over natural gas supplies in Europe is tightening, not waning. Gazprom shipped 190 billion cubic meters of natural gas to Europe…

Higher Oil Prices Slow China’s Crude Stockpiling

Dec 29, 2017 at 14:12 | Tsvetana Paraskova

Taking advantage of the low oil prices, China increased its Strategic Petroleum Reserve (SPR) by almost 14 percent between June 2016 and June 2017, according to data by its…

Russia And Uzbekistan Sign Nuclear Energy Deal

Dec 29, 2017 at 14:02 | RFE/RL staff

Russia's Rosatom State Atomic Energy Corporation and Uzbekistan have signed a nuclear-cooperation agreement that Rosatom says will pave the way for bilateral cooperation "in many aspects of civil nuclear energy."…

South Korea Seizes Hong Kong Oil Tanker

Dec 29, 2017 at 11:07 | Tsvetana Paraskova

South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations sanctions, South Korean officials…

Venezuela Backs Its New Cryptocurrency With 5 Billion Barrels Of Crude

Dec 28, 2017 at 10:38 | ZeroHedge

Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The…

Fuel Crisis Intensifies In Nigeria

Dec 28, 2017 at 09:15 | Williams Ekanem

Again, Nigeria’s government has failed its citizens, thanks to an acute shortage of fuel—despite the country’s status as the chief oil-producing country on the African continent. Year in and year…

Chinese Ships Caught Illegally Selling Oil To North Korea

Dec 27, 2017 at 10:38 | ZeroHedge

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly…

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