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Morgan Stanley Slashes Oil Price Forecast For 2019

Morgan Stanley Slashes Oil Price Forecast For 2019

Investment bank Morgan Stanley has…

Will Mexico Choose Oil Over Clean Energy?

Will Mexico Choose Oil Over Clean Energy?

Just days after Andrés Manuel…

News

Oil Prices Head Higher After API Reports Huge Crude Draw

Oil Prices Head Higher After API Reports Huge Crude Draw

Dec 11, 2018 at 15:45 | Julianne Geiger

The American Petroleum Institute (API) reported a huge crude oil inventory draw 10.18 million barrels for the week ending December 7, compared to analyst expectations that we would see a…

Trump Administration Talks Fossil Fuels At Polish Climate Summit

Trump Administration Talks Fossil Fuels At Polish Climate Summit

Dec 11, 2018 at 14:57 | Julianne Geiger

As countries meet in Poland from all over the world this week to discuss measures to mitigate the effects of climate change, US delegates showed up ready to…

India Hopes To Attract $300B Energy Investments In A Decade

India Hopes To Attract $300B Energy Investments In A Decade

Dec 11, 2018 at 13:57 | Tsvetana Paraskova

India hopes to attract around US$300 billion in investments in its energy sector in the coming decade, including in refineries, natural gas infrastructure and trade, and liquefied natural gas (LNG)…

Russia Will Cut Oil Production By 60,000 Bpd In January

Russia Will Cut Oil Production By 60,000 Bpd In January

Dec 11, 2018 at 13:38 | Tsvetana Paraskova

Russia is planning to reduce its oil production by 50,000 bpd to 60,000 bpd in January as part of the new OPEC+ deal, and will not be cutting its 228,000-bpd…

$44B Aramco/ADNOC Indian Mega Refinery Delayed  

$44B Aramco/ADNOC Indian Mega Refinery Delayed  

Dec 11, 2018 at 13:10 | Tsvetana Paraskova

The commissioning of a mega refinery and petrochemical complex worth US$44 billion and involving Saudi Aramco and ADNOC has been pushed out by two years to 2025, a top executive…

Syrian Civilians Seize Oil Wells From Rebel Group

Syrian Civilians Seize Oil Wells From Rebel Group

Dec 11, 2018 at 09:24 | Irina Slav

A large group of Syrian civilians took control over several oil wells in eastern Syria after clashes with rebel group Syrian Democratic Forces, Iranian Fars News reported today, citing…

Tesla Opens 11 New Stores In U.S.

Tesla Opens 11 New Stores In U.S.

Dec 11, 2018 at 09:01 | Irina Slav

Tesla will open 11 new stores across the United States, the company said in a tweet. Four of these will be in California, two in Texas, two in Florida,…

China’s Crude Oil Imports Jump To New Record High In November 

China’s Crude Oil Imports Jump To New Record High In November 

Dec 10, 2018 at 17:14 | Tsvetana Paraskova

China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October,…

U.S. Energy Secretary Perry To Saudis: We Want Stable Supply And Prices

U.S. Energy Secretary Perry To Saudis: We Want Stable Supply And Prices

Dec 10, 2018 at 16:42 | Tsvetana Paraskova

U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, the U.S. Department of…

Libya Faces Oil Disaster As Biggest Field Stops Pumping

Libya Faces Oil Disaster As Biggest Field Stops Pumping

Dec 10, 2018 at 15:37 | Irina Slav

Libya is facing a major oil crisis as a group comprising local tribesmen and members of the field’s security guard seized the largest field in the country, Sharara. Reuters

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