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Breaking News:

Algerian Oil Output Unchanged Amid Unrest

What’s Keeping Oil From Rallying To $75?

What’s Keeping Oil From Rallying To $75?

Supply fundamentals in crude oil…

How Big Oil Could Become Big Electricity

How Big Oil Could Become Big Electricity

Big oil has big plans…

Japan Struggles To Diversify Energy Mix

Japan Struggles To Diversify Energy Mix

Japan’s energy diversification efforts have…

News

Algerian Oil Output Unchanged Amid Unrest

Algerian Oil Output Unchanged Amid Unrest

Mar 26, 2019 at 12:38 | Damir Kaletovic

The unrelenting unrest in Algeria in the form of mass protests seeking to force President Abdelaziz Bouteflika out of office has investors worried; but so far, there are no signs…

IEA: Carbon Emissions Break Record In 2018

IEA: Carbon Emissions Break Record In 2018

Mar 26, 2019 at 10:38 | Irina Slav

Carbon emissions reached 33.1 gigatons last year, breaking their previous record even though the annual increase was relatively modest, at 1.7 percent, the International Energy Agency said in its new…

Oil Workers At Libya’s Largest Field Want Salary Hikes

Oil Workers At Libya’s Largest Field Want Salary Hikes

Mar 25, 2019 at 19:07 | Tsvetana Paraskova

Oil workers at Sharara, the largest field in Libya which has recently re-opened after a three-month hiatus, have demanded a salary increase of 67 percent as they try to return…

Texas Tank Fire Could Boost Scrutiny For Proposed Oil Storage

Texas Tank Fire Could Boost Scrutiny For Proposed Oil Storage

Mar 25, 2019 at 19:04 | Tsvetana Paraskova

The fire at a petrochemical storage site at Deer Park, Texas, which blazed for days and halted some ship traffic at the Houston port, has intensified calls for increased…

Exxon Expects Demand For High-Sulfur Fuel Oil To Drop 25%   

Exxon Expects Demand For High-Sulfur Fuel Oil To Drop 25%   

Mar 25, 2019 at 17:22 | Tsvetana Paraskova

Global demand for high-sulfur fuel oil is expected to drop by 25 percent through 2025 because of the stricter emissions regulations for ship fuel beginning in 2020, Reuters quoted…

Gulf Of Mexico Oil Replaces U.S. Venezuelan Purchases

Gulf Of Mexico Oil Replaces U.S. Venezuelan Purchases

Mar 25, 2019 at 12:03 | Tsvetana Paraskova

Sour medium oil from Shell’s and BP’s Gulf of Mexico platforms is replacing Venezuela’s heavy oil for many U.S. refiners who are on the lookout for alternatives sources of…

Iran Governor Bans Officials From Leaving Oil-Rich Province Amid Flood Alarm

Iran Governor Bans Officials From Leaving Oil-Rich Province Amid Flood Alarm

Mar 25, 2019 at 11:49 | Irina Slav

The governor of Khuzestan, the biggest oil-rich province in Iran, has banned government officials from leaving it despite the danger of floods in the region, Radio Farda reports, citing…

IS Tries To Hit Oil Field In Northern Iraq

IS Tries To Hit Oil Field In Northern Iraq

Mar 25, 2019 at 10:30 | Irina Slav

Security forces at the Alaas field in northern Iraq have thwarted an attack by Islamic State militants, killing and injuring several attackers, Iraqi media report citing a statement from…

OMV Turns Austrian Airlines Plastic Cups Into Synthetic Crude Oil

OMV Turns Austrian Airlines Plastic Cups Into Synthetic Crude Oil

Mar 22, 2019 at 18:55 | Tsvetana Paraskova

Amid growing global concern about the overuse of plastic, Austria’s oil and gas group OMV and Austrian Airlines have partnered to turn the plastic cups the airline’s passengers have used…

U.S. Nuclear Power Generation At All-Time High Despite Closures

U.S. Nuclear Power Generation At All-Time High Despite Closures

Mar 22, 2019 at 18:50 | Tsvetana Paraskova

Despite the fact that several nuclear power plants have closed since 2010, last year’s U.S. nuclear electricity generation beat the previous record from 2010, as some plants commissioned uprates to…

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