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Rig Count Shoots Up As Oil Nears $70

Rig Count Shoots Up As Oil Nears $70

The U.S. rig count has…

Congo’s Cobalt Tax Hike Threatens EV Market

Congo’s Cobalt Tax Hike Threatens EV Market

The nation responsible for about…

News

Trump Says U.S. “Could Conceivably” Rejoin Paris Climate Accord

Trump Says U.S. “Could Conceivably” Rejoin Paris Climate Accord

Jan 11, 2018 at 12:41 | Tsvetana Paraskova

U.S. President Donald Trump said on Wednesday that the United States “could conceivably” return to the Paris Climate Accord, which sets out a global action plan to avoid dangerous…

Saudis Shortlist New York, London, Hong Kong For Aramco IPO

Saudis Shortlist New York, London, Hong Kong For Aramco IPO

Jan 11, 2018 at 12:12 | Tsvetana Paraskova

Saudi Arabia has shortlisted New York, London, and Hong Kong for the initial public offering of its oil giant Aramco, with the three exchanges considered either singly or a combination…

Rigid EU Rules Makes ICE Move 245 Oil Futures Contracts To U.S.

Rigid EU Rules Makes ICE Move 245 Oil Futures Contracts To U.S.

Jan 11, 2018 at 10:46 | Tsvetana Paraskova

One of the world’s largest commodity exchanges, the Intercontinental Exchange (ICE), will move trading in 245 futures and options contracts on North American oil and natural gas liquids to the…

Norway Reports Record Gas Sales To Europe In 2017

Norway Reports Record Gas Sales To Europe In 2017

Jan 11, 2018 at 09:41 | Irina Slav

Norway delivered a record-high 4.1 trillion cu ft of natural gas to Europe, including the UK, last year, capturing a quarter of the market, the country’s largest natural gas shipper…

Trump’s Plan Makes 65 Billion BOE Available For Drilling

Trump’s Plan Makes 65 Billion BOE Available For Drilling

Jan 10, 2018 at 17:35 | Zainab Calcuttawala

Rystad Energy expects the Trump administration’s new oil and gas leasing plan to make 65 billion barrels of oil equivalent newly available to fossil fuel exploration and production companies, according…

PetroChina’s Biggest Refinery Doubles Russian Pipeline Oil Intake

PetroChina’s Biggest Refinery Doubles Russian Pipeline Oil Intake

Jan 10, 2018 at 17:31 | Tsvetana Paraskova

Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it…

NYC Sues Five Oil Majors For Contributing To Climate Change

NYC Sues Five Oil Majors For Contributing To Climate Change

Jan 10, 2018 at 16:42 | Zainab Calcuttawala

Five major oil exploration, production, and refining companies face lawsuits in the city of New York over allegations that they contributed to global warming, according to a new report by…

Saudi Aramco Looks To Secure $6B In Cheap Loans Before IPO

Saudi Aramco Looks To Secure $6B In Cheap Loans Before IPO

Jan 10, 2018 at 12:30 | Tsvetana Paraskova

In a sign that it is trying to ensure that its highly anticipated IPO will take place this year, Saudi Aramco is seeking to obtain up to US$6 billion in…

Shell Sells Stake In Iraqi Oil Field To Japan’s Itochu

Shell Sells Stake In Iraqi Oil Field To Japan’s Itochu

Jan 10, 2018 at 12:18 | Tsvetana Paraskova

Royal Dutch Shell has sold its 20-percent stake in Iraq’s West Qurna-1 oil field to Japan’s Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told…

Iranian Oil Tanker Explodes, Could Continue To Burn For A Month

Iranian Oil Tanker Explodes, Could Continue To Burn For A Month

Jan 10, 2018 at 10:54 | Irina Slav

An Iranian tanker carrying condensate that collided with a Chinese freight ship on Saturday is still burning and could burn for a month, the South Korean Ministry of Oceans and…

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