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An Unexpected Boon For Alberta’s Oil Producers

An Unexpected Boon For Alberta’s Oil Producers

Canadian Light oil prices have…

Oil Falls Back As Iran Risk Factor Fades

Oil Falls Back As Iran Risk Factor Fades

Oil prices started the week…

Mexico Confirms Major Tax Cut For PEMEX

Mexico Confirms Major Tax Cut For PEMEX

Mexican President Lopez Obrador presented…

News

Eni, PetroChina, Trading Houses Bid In $6Bn Pakistan LNG Tender

Eni, PetroChina, Trading Houses Bid In $6Bn Pakistan LNG Tender

Jul 19, 2019 at 17:04 | Tsvetana Paraskova

Italy’s Eni, a unit of PetroChina, and two commodity traders have bid in Pakistan’s huge tender for supply of liquefied natural gas (LNG) for ten years estimated to be worth…

Trudeau: Ottawa Open To Proposals For British Columbia Refinery

Trudeau: Ottawa Open To Proposals For British Columbia Refinery

Jul 19, 2019 at 13:28 | Tsvetana Paraskova

Canada’s federal government is open to proposals for a refinery in British Columbia, Canadian Prime Minister Justin Trudeau said on Thursday, just as the B.C. authorities started hearings in…

Billionaire Investor Icahn In Proxy Fight For Occidental Board Seats

Billionaire Investor Icahn In Proxy Fight For Occidental Board Seats

Jul 19, 2019 at 11:59 | Tsvetana Paraskova

Billionaire activist investor Carl Icahn, who holds 4.4 percent in Occidental Petroleum, filed on Thursday a Solicitation Statement with the SEC, officially launching a proxy fight to replace four…

Iranian Ships Stranded In Brazil In Need Of Fuel Due To U.S. Sanctions

Iranian Ships Stranded In Brazil In Need Of Fuel Due To U.S. Sanctions

Jul 19, 2019 at 09:06 | Tsvetana Paraskova

Two Iran-flagged vessels have been sitting idle at Brazilian ports for weeks because they need fuel to return to Iran, but Brazil’s Petrobras refuses to sell them fuel because of…

Mexico Goes Full Steam Ahead With $8 Billion Oil Refinery Against Advice

Mexico Goes Full Steam Ahead With $8 Billion Oil Refinery Against Advice

Jul 18, 2019 at 17:48 | Julianne Geiger

Mexico’s controversial Dos Bocas oil refinery project will indeed be built despite investor criticism, Mexican Energy Minister Rocio Nahle said during a radio broadcast on Thursday, reported by Reuters.…

China To Add More Coal Power In 2019 And 2020 To Meet Energy Demand

China To Add More Coal Power In 2019 And 2020 To Meet Energy Demand

Jul 18, 2019 at 17:43 | Charles Kennedy

In order to meet the growing demand for electricity, China's biggest power generator, China Energy Group is planning to build 11 gigawatts (GW) of new coal power during this and…

Trump Administration Announces Huge Gulf of Mexico Oil & Gas Lease Sale

Trump Administration Announces Huge Gulf of Mexico Oil & Gas Lease Sale

Jul 18, 2019 at 16:41 | Charles Kennedy

The U.S. Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) announced Thursday that BOEM proposes to offer 77.8 million acres for a region-wide lease sale.…

Opposition: Venezuela’s Debt To Russia, China To Be Renegotiated Via Paris Club

Opposition: Venezuela’s Debt To Russia, China To Be Renegotiated Via Paris Club

Jul 18, 2019 at 14:00 | Tsvetana Paraskova

If Venezuela’s Nicolas Maduro is ousted, loans from his allies Russia and China would be renegotiated via the creditor group Paris Club, as is customary for bilateral debt negotiations, Ricardo…

Eni’s Oil Tanker Fiasco

Eni’s Oil Tanker Fiasco

Jul 18, 2019 at 12:08 | Tsvetana Paraskova

After refusing last month to take an oil cargo over suspicions that its origin could have been at least partially Iranian, Italy’s oil major Eni has now filed…

China Data Breakdown: Oil Consumption Rises 5.8% In H1 2019

China Data Breakdown: Oil Consumption Rises 5.8% In H1 2019

Jul 18, 2019 at 10:13 | JLC

China’s crude throughput totaled around 316.97 million mt in the first half of 2019, up by 5.8% year on year, data from the National Bureau of Statistics showed. In June alone,…


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