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Breaking News:

Libyan Oilfield Is Offline Again

Europe Looks To Become An Electric Vehicle Battery Hub

Europe Looks To Become An Electric Vehicle Battery Hub

As electric vehicles continue to…

Is Today’s Oil Price Plunge A Sign Of Things To Come?

Is Today’s Oil Price Plunge A Sign Of Things To Come?

Oil prices fell significantly today…

Will OPEC Really Risk An Oil Price Crash?

Will OPEC Really Risk An Oil Price Crash?

As OPEC and partners are…

News

Ecuador May Not Quit OPEC After All

Ecuador May Not Quit OPEC After All

Dec 02, 2019 at 17:40 | Julianne Geiger

Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.…

Exploration Giant Sees Stock Price Plunge On Disappointing Results

Exploration Giant Sees Stock Price Plunge On Disappointing Results

Dec 02, 2019 at 16:37 | Julianne Geiger

Investors who had risked much on Apache Corporation (NYSE: APA), holding out hope for a major payday in Suriname were disappointed on Monday as the company’s stock tumbled 13% to…

Canadian Drillers To Boost Crude By Rail Shipments

Canadian Drillers To Boost Crude By Rail Shipments

Dec 02, 2019 at 13:07 | Tsvetana Paraskova

Due to continued shortage of oil pipelines to take Canada’s oil to markets, Canadian producers plan to remove diluents from their oil sands production so they can load more of…

Israel’s Largest Gas Field To Begin Production Within Weeks

Israel’s Largest Gas Field To Begin Production Within Weeks

Dec 02, 2019 at 11:36 | Tsvetana Paraskova

Israel’s biggest natural gas field, Leviathan, is set to begin gas supply to the local market within three weeks and start exports to Egypt and Jordan shortly after that,…

Saudis Cap Aramco Stock To Prevent Market Meltdown

Saudis Cap Aramco Stock To Prevent Market Meltdown

Dec 02, 2019 at 10:18 | Irina Slav

The Saudi stock exchange Tadawul has introduced a 15-percent cap on any stock’s weight in its equity index to avoid Aramco overweighting the index when it lists later this month.…

Russia’s $400 Billion Pipeline Project Launches Today

Russia’s $400 Billion Pipeline Project Launches Today

Dec 02, 2019 at 09:29 | Irina Slav

The presidents of Russia and China will today officially inaugurate the Power of Siberia natural gas pipeline that will eventually deliver 38 billion cubic meters annually to China, with…

Natural Gas Prices Crash On Warm Weather Warnings

Natural Gas Prices Crash On Warm Weather Warnings

Nov 29, 2019 at 16:26 | Julianne Geiger

Spot prices for natural gas fell sharply on Friday as forecasts for warm weather spooked traders who were hoping for increased demand heading into what is normally cold season in…

Chinese And Emirati Firms To Bid On Brazilian Refineries

Chinese And Emirati Firms To Bid On Brazilian Refineries

Nov 29, 2019 at 16:17 | Tsvetana Paraskova

China’s oil giant Sinopec, Abu Dhabi’s Mubadala Investment Company and two Brazilian firms including a joint venture of Shell, have been picked to submit binding bids for four refineries that…

Maduro Spent $5 Billion On Oil Deals As Venezuelans Went Hungry

Maduro Spent $5 Billion On Oil Deals As Venezuelans Went Hungry

Nov 29, 2019 at 15:34 | Tsvetana Paraskova

Nicolas Maduro’s regime in Venezuela has spent US$5 billion worth of oil to reduce its debt to Russia and China and to send oil to Cuba, while leaving Venezuelans without…

Saudi Aramco’s IPO Oversubscribed, Reels In $44 Billion

Saudi Aramco’s IPO Oversubscribed, Reels In $44 Billion

Nov 29, 2019 at 13:34 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco has attracted total bids of US$44.3 billion for its initial public offering—or 1.7 times the money the Kingdom hopes to raise with the world’s…


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