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Indicators To Watch As Oil Stocks Flop

Indicators To Watch As Oil Stocks Flop

Stock markets derailed on Wednesday,…

Trump Insiders Ramp Up Rhetoric Against Russian Energy

Trump Insiders Ramp Up Rhetoric Against Russian Energy

Trump insiders, including hawkish chief…

Why Is This Little-Known Element Up Over 300%

Why Is This Little-Known Element Up Over 300%

Element ‘’V’’, better known as…

News

BP Boss: More U.S. Sanctions On Russian Oil Companies Could Hurt Europe

BP Boss: More U.S. Sanctions On Russian Oil Companies Could Hurt Europe

Oct 10, 2018 at 12:55 | Tsvetana Paraskova

Should the United States impose more and wider-ranging sanctions on the major Russian oil and gas companies, it would cripple the energy systems in Europe, Bob Dudley, chief executive at…

Iraqi Oil Company Plans Major Production Hike

Iraqi Oil Company Plans Major Production Hike

Oct 10, 2018 at 12:17 | Irina Slav

Basra Oil Company, which accounts for the bulk of Iraq’s crude oil production, plans to increase its production to 5 million bpd from the current 3.2 million bpd by 2025,…

Battle For Cleaner Air To Impact North Chinese Crude Demand This Winter

Battle For Cleaner Air To Impact North Chinese Crude Demand This Winter

Oct 10, 2018 at 11:07 | JLC

China has launched the autumn-winter air protection battle for 2018-2019 in Beijing, Tianjin, Hebei and the neighboring area, which will hit refined oil demand. Tougher regulations for emissions in the…

Conoco Well In Alaska Begins Production

Conoco Well In Alaska Begins Production

Oct 10, 2018 at 09:07 | Irina Slav

Crude oil production has begun at the Greater Mooses Tooth 1 prospect, operated by Conoco, in Alaska’s North Slope, the company said as quoted by Reuters. Output is estimated…

CEO: Oil, Gas Is Shell’s Core Business For The Foreseeable Future

CEO: Oil, Gas Is Shell’s Core Business For The Foreseeable Future

Oct 09, 2018 at 17:28 | Tsvetana Paraskova

Royal Dutch Shell is not ‘going soft’ on oil and gas, despite recent investments in cleaner energy and energy solutions—Shell’s core business is and will continue to be oil and…

Israel Wants To End New Gasoline, Diesel Cars by 2030

Israel Wants To End New Gasoline, Diesel Cars by 2030

Oct 09, 2018 at 13:44 | Tsvetana Paraskova

Israel’s Energy Ministry unveiled on Tuesday a plan to end the sale of new gasoline and diesel-powered cars by 2030 and replace them with electric vehicles (EVs) and trucks…

IMF: U.S. Sanctions Drive Iran’s Economy Into Recession

IMF: U.S. Sanctions Drive Iran’s Economy Into Recession

Oct 09, 2018 at 13:03 | Tsvetana Paraskova

Iran’s economy is expected to shrink by 1.5 percent in 2018 and by another 3.6 percent in 2019, the International Monetary Fund (IMF) said in the October update of…

U.S. Grants Sanction Waiver To BP, Serica for Iran-Shared Field

U.S. Grants Sanction Waiver To BP, Serica for Iran-Shared Field

Oct 09, 2018 at 10:48 | Irina Slav

The U.S. Office of Foreign Asset Control has granted Serica Energy and BP a license to continue operating the Rhum field in the North Sea, which is partially owned by…

Canada’s Largest Refinery Rocked By Explosion

Canada’s Largest Refinery Rocked By Explosion

Oct 09, 2018 at 09:13 | Irina Slav

Canada’s largest refinery will discuss its plans “for returning to full turnaround mode” later this evening, Irving Oil announced late on Tuesday morning. Irving’s Saint John refinery—Canada’s largest—was rocked by…

Chinese Oil Product Consumption Grows 6% In August

Chinese Oil Product Consumption Grows 6% In August

Oct 08, 2018 at 17:32 | Tsvetana Paraskova

China’s oil product consumption increased by 5.9 percent annually and 3.2 percent monthly in August, with gasoline consumption up 9.5 percent and gasoil consumption up 2.7 percent on the year,…

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