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Iran's President Vows Revenge For Oil Tanker Attack

Iran's President Vows Revenge For Oil Tanker Attack

Though details of Friday’s tanker…

The Holy Grail Of Energy Is Finally Within Reach

The Holy Grail Of Energy Is Finally Within Reach

Nuclear fusion, the holy grail…

The Lithium Even Elon Couldn’t Buy

The Lithium Even Elon Couldn’t Buy

The U.S. may soon be…

News

How Brazil Just Massively Cut Back Its Deficit

How Brazil Just Massively Cut Back Its Deficit

Oct 17, 2019 at 09:22 | Tsvetana Paraskova

The oil auctions in Brazil could help cut Brazil’s deficit for this year to below US$24 billion (100 billion Brazilian reais), the Secretary of the Treasury, Mansueto Almeida, said…

API: Supersized Crude Build Sends Oil Prices Down

API: Supersized Crude Build Sends Oil Prices Down

Oct 16, 2019 at 16:00 | Julianne Geiger

The American Petroleum Institute (API) has estimated a major crude oil inventory build of 10.45 million barrels for the week ending October 10—compared to analyst expectations of a much smaller…

Mammoth Oil Field Hit Hard By Unplanned Production Cuts

Mammoth Oil Field Hit Hard By Unplanned Production Cuts

Oct 16, 2019 at 13:56 | Tsvetana Paraskova

Oil production at one of the world’s largest offshore oil fields, Kashagan in Kazakhstan, has dropped by 80,000 barrels per day since early October because of unplanned maintenance, Kazakhstan’s energy…

Russia Nears 100% Compliance With Oil Production Target

Russia Nears 100% Compliance With Oil Production Target

Oct 16, 2019 at 13:40 | Tsvetana Paraskova

Russia’s oil production inched down to 11.23 million barrels per day (bpd) in the first half of October, official Russian data showed on Wednesday, yet Moscow is still several thousand…

Venezuela's Prize Oil Asset May Soon Be Up For Grabs

Venezuela's Prize Oil Asset May Soon Be Up For Grabs

Oct 16, 2019 at 10:49 | Tsvetana Paraskova

Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm PDVSA from going after shares…

Turkish Bank Tries And Fails To Skirt U.S. Sanctions

Turkish Bank Tries And Fails To Skirt U.S. Sanctions

Oct 16, 2019 at 09:57 | Irina Slav

The United States announced sanctions against Turkish state-owned Halkbank for violating sanctions against Iran and engaging in a multibillion-dollar scheme for skirting said sanctions. The U.S. attorney for the Southern…

U.S. Shale Output Nears 9 Million Bpd

U.S. Shale Output Nears 9 Million Bpd

Oct 16, 2019 at 09:21 | Irina Slav

Crude oil production from the seven major shale plays in the United States could hit 8.971 million bpd next month, growing by 58,000 barrels per day, the Energy Information Administration…

India's Ingenious Way Around U.S. Oil Sanctions 

India's Ingenious Way Around U.S. Oil Sanctions 

Oct 16, 2019 at 09:12 | Irina Slav

Indian Nyara Energy has been buying Venezuelan crude oil from Rosneft and paying in fuel instead of cash to avoid a breach of U.S. sanctions against Caracas, Reuters reports,…

The World's Largest IPO Is Finally Ready To Go

The World's Largest IPO Is Finally Ready To Go

Oct 15, 2019 at 17:46 | Tsvetana Paraskova

Saudi Arabia’s government is set to officially endorse this week plans to list shares in oil giant Aramco in what would be the world’s largest initial public offering (IPO) ever,…

Can Tesla Survive Without Tax Credits?

Can Tesla Survive Without Tax Credits?

Oct 15, 2019 at 17:02 | Tsvetana Paraskova

Despite a record delivery Q3 quarter for Tesla worldwide, registrations in the U.S. sharply dropped in August and September, in what analysts attributed to the halving of tax credits for…


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