Iraq has awarded the Akkas…
The total number of active…
Kazakhstan is experiencing a surge…
Vagit Alekperov, the chief executive of the second-biggest Russian oil producer, Lukoil, expects OPEC and its Russia-led non-OPEC partners to decide next March whether to roll over the production…
China will cut the total size of its renewable power subsidies to $806.5 million (5.67 billion yuan) next year, from $1.15 billion (8.1 billion yuan) for this year, Reuters
China’s Sinopec, the country’s largest refiner, is building a 200,000-bpd refinery in southern China, which will use Kuwaiti crude as feedstock, unnamed sources told Reuters. The refining and petrochemical complex…
The American Petroleum Institute (API) has estimated a crude oil inventory build of 5.954 barrels for the week ending November 14, compared to analyst expectations of a
ExxonMobil may have appeared to score a win when New York dropped two of the four allegations against the oil giant in its much-watched climate change trial,…
More than 3,000 railway conductors, train persons, and yard workers at Canadian National Railway (CN) went on strike at midnight on Tuesday, threatening to disrupt crude by rail shipments…
Tesla and power producer Neoen will expand by 50 percent the world’s largest lithium-ion battery in South Australia to ensure additional grid stability, the French company said on Tuesday.…
A Singaporean buyer of a U.S. cargo of liquefied natural gas (LNG) has canceled the loading, the company told Reuters on Tuesday, as both Asia and Europe are facing…
Saudi Arabia is doubling the leverage limits for loans that banks will extend to domestic retail investors who want to buy shares in the Kingdom’s oil giant Aramco in what…
Norway’s oil industry will have to deal with lower profit margins resulting from higher production costs per barrel of crude, Statistics Norway said in a new report as…
India increased its intake of U.S. crude oil last month while reducing imports of Saudi crude after the Kingdom increased the official selling price for the commodity. Reuters cites…
Fund manager Paulson & Co. Inc, a shareholder of Callon Petroleum, is dropping its opposition to a merger between Callon and Carrizo Oil & Gas that could be the start…
Ford unveiled on Sunday the Mustang Mach-E, targeting an estimated range of at least 300 miles with the available extended-range battery and rear-wheel drive. Reservations are now open for…
Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September, when the Kingdom was hit by attacks on its oil infrastructure that knocked…
Almost nine years after the century's worst nuclear crisis - which by some counts has eclipsed Chernobyl in total radioactive emissions - nearly a thousand storage tanks are scattered across…
California state agencies will stop buying gas-powered vehicles from a number of carmakers after the latter joined the White House in their opposition to the state’s new, stricter emissions rules.…
Half of India’s power generation capacity using coal and nuclear power is being shut down because of lackluster demand, the Indian Express reports, adding that some…
Russia expects to increase its crude oil exports by around 400,000 bpd-500,000 bpd to more than 5.6 million bpd within five years, Energy Minister Alexander Novak said in an article…
International oil majors and Brazil’s state oil firm Petrobras have just announced first oil from a deepwater field in Brazil’s pre-salt Santos basin, which will add 150,000 barrels of oil…
Saudi Aramco is worth no more than US$1.5 trillion, a Bloomberg News poll of money managers showed on Friday, two days before the Saudi oil giant is set to…