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Iran’s Present Is Shaky, Its Future Is Precarious

Iran’s Present Is Shaky, Its Future Is Precarious

Iran’s Present Is Shaky, Its…

Why WTI Is A Global Oil Market Benchmark

Why WTI Is A Global Oil Market Benchmark

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Emerging ‘Quality’ Problem To Haunt Oil Markets

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News

EPA May Exclude Biofuel Trade Limits From New Gasoline Rules

EPA May Exclude Biofuel Trade Limits From New Gasoline Rules

Feb 12, 2019 at 10:39 | Irina Slav

The Environmental Protection Agency may not include limits on biofuel credit trading in its new draft proposal on gasoline sales, Reuters reports, citing three unnamed sources in the know. The…

PDVSA Asks JV Partners To Strengthen Commitments On Oil Projects

PDVSA Asks JV Partners To Strengthen Commitments On Oil Projects

Feb 12, 2019 at 10:25 | Irina Slav

Venezuela’s troubled state oil company PDVSA is pressuring its joint venture partners to strengthen their commitment to their joint projects, Reuters reports, citing unnamed sources. The company has insisted…

Oil Rallies As Saudis Pledge Deep Cuts In March Production

Oil Rallies As Saudis Pledge Deep Cuts In March Production

Feb 12, 2019 at 09:25 | Tsvetana Paraskova

Oil prices rallied 2 percent early on Tuesday after OPEC’s largest producer and de facto leader Saudi Arabia signaled even deeper cuts in production and exports of the Kingdom for…

IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget

IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget

Feb 11, 2019 at 17:43 | Tsvetana Paraskova

OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle East and Central Asia…

Favorite To Win Next Alberta Election Vows To Fight For Oil

Favorite To Win Next Alberta Election Vows To Fight For Oil

Feb 11, 2019 at 17:33 | Tsvetana Paraskova

Jason Kenney, the leader of the United Conservative Party (UCP), expected by polls to win this year’s election in Alberta, has vowed to fight harder for the province’s oil to…

Egyptian Oil & Gas Is BP’s Top Investment Destination Again

Egyptian Oil & Gas Is BP’s Top Investment Destination Again

Feb 11, 2019 at 17:28 | Tsvetana Paraskova

Oil and gas supermajor BP invested more in Egypt in each of the past two years than in any other country, BP’s chief executive officer Bob Dudley said at…

Government-Backed Forces Reach Libya’s Sharara Field

Government-Backed Forces Reach Libya’s Sharara Field

Feb 11, 2019 at 15:43 | Irina Slav

Forces from the Petroleum Facilities Guard sent by the UN-recognized government of Libya have reached the Sharara field, which the Libyan National Army, affiliated with the rival government in Eastern…

PDVSA Directs Oil Buyers To Russian Bank Account: Report

PDVSA Directs Oil Buyers To Russian Bank Account: Report

Feb 11, 2019 at 11:42 | Irina Slav

Venezuela’s troubled state oil company PDVSA is telling the buyers of oil produced by its joint ventures to deposit the money for purchases in a new bank account recently opened…

South Sudan Aims To Boost Oil Production To 350,000 Bpd By Mid-2020

South Sudan Aims To Boost Oil Production To 350,000 Bpd By Mid-2020

Feb 11, 2019 at 11:04 | Tsvetana Paraskova

South Sudan is looking to pump more than 350,000 bpd of oil by the middle of next year, compared to current production of 140,000 bpd, South Sudan’s Oil Minister Ezekiel…

Tesla Model 3 Tops Global EV Sales List For 2018

Tesla Model 3 Tops Global EV Sales List For 2018

Feb 11, 2019 at 10:52 | Irina Slav

Tesla Model 3 topped the global EV sales ranking compiled by CleanTechnica and EV Volumes for 2018. In fact, Tesla as a brand dominated the top 5, with all…

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