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Oil Erases Gains On Crude Inventory Build

Oil Erases Gains On Crude Inventory Build

Crude oil prices fell further…

The Biggest Hurdle In The Race To 100% Renewable Energy

The Biggest Hurdle In The Race To 100% Renewable Energy

Though tremendous progress has been…

News

Surprise Crude Build Reverses Earlier Oil Price Gains

Surprise Crude Build Reverses Earlier Oil Price Gains

Aug 13, 2019 at 15:51 | Julianne Geiger

The American Petroleum Institute (API) has estimated a surprise crude oil inventory build of 3.7 million barrels for the week ending Aug 8, compared to analyst expectations of a

Russia Opens Its Doors to Foreign EV Maker in Bold Move

Russia Opens Its Doors to Foreign EV Maker in Bold Move

Aug 13, 2019 at 14:10 | Tsvetana Paraskova

Russia may be close to having a foreign car manufacturer launch electric vehicle (EV) production in the country soon—a move that analysts at IHS Markit described as “bold” considering…

Iran Says UK Might Soon Release Seized Iranian Oil Tanker

Iran Says UK Might Soon Release Seized Iranian Oil Tanker

Aug 13, 2019 at 14:06 | Tsvetana Paraskova

Iran and the UK have exchanged documents and Britain has shown interest in resolving the issue with the Iranian oil tanker it seized in early July, the Islamic Republic News…

Egypt Plans To Boost Oil Production To 690,000 Bpd By Year-End

Egypt Plans To Boost Oil Production To 690,000 Bpd By Year-End

Aug 13, 2019 at 12:15 | Tsvetana Paraskova

Egypt is looking to boost its crude oil and condensate production to 690,000 bpd by the end of the year from the current 630,000 bpd, Egyptian Petroleum Minister Tarek al-Mulla…

China May Ramp Up Gasoline Exports In H2 2019

China May Ramp Up Gasoline Exports In H2 2019

Aug 13, 2019 at 11:03 | JLC

China may ramp up gasoline exports in the second half of 2019 amid a glut of the fuel in its domestic market and higher export quotas, JLC analysts said. China’s…

ExxonMobil Looks To Exit UK North Sea Oil & Gas

ExxonMobil Looks To Exit UK North Sea Oil & Gas

Aug 13, 2019 at 10:49 | Tsvetana Paraskova

ExxonMobil has recently discussed with operators selling part or all of its assets in the UK North Sea in a move that could raise up to US$2 billion for Exxon…

Freeport LNG May Be Ready To Start Exporting

Freeport LNG May Be Ready To Start Exporting

Aug 13, 2019 at 10:14 | Irina Slav

The Freeport LNG plant in Texas may soon be ready to start loading its first LNG cargo, S&P Global Platts reports, after data from its trade flow software cFlow…

Oxy Plans Quick Debt Reduction After Anadarko Takeover

Oxy Plans Quick Debt Reduction After Anadarko Takeover

Aug 13, 2019 at 09:37 | Irina Slav

Occidental will reduce its US$40-billion debt load it used to acquire Anadarko as soon as possible, the company’s chief financial officer said at an industry event, as quoted by…

Iranian Lawmaker Suggests US Is After $200 Oil

Iranian Lawmaker Suggests US Is After $200 Oil

Aug 12, 2019 at 17:58 | Julianne Geiger

An Iranian lawmaker has suggested that the United States is creating insecurity in the Middle East in the hopes of bringing oil prices up to $200 per barrel, according to…

Largest Independent Russian Refinery Back In Action After Months Of Inactivity

Largest Independent Russian Refinery Back In Action After Months Of Inactivity

Aug 12, 2019 at 17:54 | Tsvetana Paraskova

Russia’s biggest independent oil refinery, the Antipinsky Refinery, aims to double its production in August compared to July, when it resumed operations after a bankruptcy and restructuring took it…


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