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A Limited Risk Play In A Shaken Market

A Limited Risk Play In A Shaken Market

Recession fears tanked stock markets…

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Trump, OPEC Jawbone Oil In Opposite Directions

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News

Venezuela’s Opposition Softens Proposed Oil Reform Bill

Venezuela’s Opposition Softens Proposed Oil Reform Bill

Aug 15, 2019 at 17:56 | Julianne Geiger

The oil reforms proposed by Venezuela’s opposition party led by Juan Guaido—the president that the United States and other countries have recognized—have been scaled back, according to a draft bill…

GE On The “Verge of Insolvency” Claims Whistleblower Report

GE On The “Verge of Insolvency” Claims Whistleblower Report

Aug 15, 2019 at 17:41 | Julianne Geiger

GE stock fell sharply on Thursday after a whistleblower report accused the company of perpetrating a “bigger fraud than Enron”, according a website set up specifically to address the issue,…

Canadian Hibernia Platform Restarts Production After Oil Spill

Canadian Hibernia Platform Restarts Production After Oil Spill

Aug 15, 2019 at 17:37 | Tsvetana Paraskova

Crude oil production at the Hibernia platform offshore Canada’s northeast Atlantic coast resumed on Thursday after a month-long hiatus following an oil spill in the middle of July, Exxon—the largest…

Iran Calls On ‘Enemies’ To Leave Gulf Or ‘Face Humiliating Exit’

Iran Calls On ‘Enemies’ To Leave Gulf Or ‘Face Humiliating Exit’

Aug 15, 2019 at 16:45 | Tsvetana Paraskova

Hours before the British overseas territory Gibraltar released the Iranian oil tanker detained last month, the commander of the Iranian Navy warned the U.S and the UK to…

Shale Gas Firm Cuadrilla Resumes Fracking In The UK

Shale Gas Firm Cuadrilla Resumes Fracking In The UK

Aug 15, 2019 at 16:36 | Tsvetana Paraskova

Cuadrilla has resumed fracking at a second well at its hydraulic fracturing site in northwest England after it secured all permits to do so, the UK shale gas group

Equinor Starts Up Major $7.7B Oil Field In UK North Sea

Equinor Starts Up Major $7.7B Oil Field In UK North Sea

Aug 15, 2019 at 13:23 | Tsvetana Paraskova

Norwegian energy giant Equinor announced on Thursday first oil from the Mariner oil field in the UK North Sea whose start-up has been delayed twice over the last year…

Petrobras Repays Billions In China Debt Before Term

Petrobras Repays Billions In China Debt Before Term

Aug 15, 2019 at 11:04 | Irina Slav

Petrobras has settled a debt of US$3 billion with the China Development Bank ahead of time and will repay another debt, this one of US$5 billion, in December, ending an…

Koch Exits Canadian Oil Sands

Koch Exits Canadian Oil Sands

Aug 15, 2019 at 09:38 | Irina Slav

Koch Industries has sold its oil sands assets to Canadian Cavalier Energy, the Financial Post reports, noting that the deal closed two months ago. Cavalier is a subsidiary of…

Oil Companies Scared To Get Caught Between U.S. And Venezuela

Oil Companies Scared To Get Caught Between U.S. And Venezuela

Aug 14, 2019 at 17:26 | Julianne Geiger

Foreign oil companies currently doing business with Venezuela’s state-run oil company are growing increasingly nervous about their relationship with PDVSA as the US turns up the heat on

Harsh UK Energy Regs Claims 13th Victim

Harsh UK Energy Regs Claims 13th Victim

Aug 14, 2019 at 15:29 | Tsvetana Paraskova

UK renewable energy supplier Solarplicity says it is ceasing to trade, blaming the harsh regulations in the energy market and increased competition, and becoming the 13th energy supplier…


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