Anglo-American unveils a comprehensive plan…
The world’s largest crude oil…
Experts predict the 4th Halving…
Petrobras is launching the binding phase of the sale of four refineries out of eight that it has earmarked for divestment, the Brazilian state-held energy firm said in a…
Iran has foiled an attack on energy facilities in the southern part of the country, and accused its enemies of masterminding the plot in retaliation for the attacks on Saudi…
For the first time in over half a century, Ford’s Mustang lineup is getting an addition. The electric vehicle revolution continues to build as legacy automakers are making…
A total of 200,000 orders have been placed for Tesla’s latest model, the Cybertruck, which came as a surprise to many not least because of its departure from the Tesla…
Russia’s gas giant Gazprom sold on Friday 3.6 percent of its voting shares, raising almost US$3 billion in the sale to what appears to be a single mystery buyer.…
The California Restaurant Association (CRA) sued on Thursday the City of Berkeley over a ban on the use of natural gas in newly built buildings, in order to protect…
The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 bpd of crude oil to the federal government in Baghdad for exports, Iraqi Oil…
Malaysia’s state oil company Petronas, which Aramco was courting as a large investor in its upcoming initial public offering, has decided against the investment. “Petronas would like to confirm that…
Papua New Guinea’s oil minister has accused Exxon of refusing to negotiate a $13-billion LNG project on the country’s government’s terms, Reuters reports, citing the official as saying the…
The U.S. Department of Treasury has blocked any attempts by PDVSA compensation claimants and creditors to get their hands on the Venezuelan company’s U.S. subsidiary, banning all moves to “transfer…
Crude-by-rail shipments from Canada’s oil-rich province Alberta have nearly halted, while other provinces face critical shortages of propane, as the strike at Canadian National Railway drags on for a fourth…
OPEC and its Russia-led non-OPEC partners in the production cut deal may roll over in early December the current cuts into June 2020, as Russia will likely support the cartel’s…
The Saudi Aramco IPO has garnered $19.47 billion (73 billion riyals) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group reported on Thursday afternoon, according to…
The U.S. Federal Energy Regulatory Commission (FERC) approved on Thursday another four liquefied natural gas (LNG) projects, which will add to the growing American LNG exports in coming years.…
U.S. supermajor ExxonMobil is considerably increasing its asset sales program, expecting to shed oil and gas assets in Asia, Europe, and Africa worth up to US$25 billion, in order to…
The U.S. federal agencies regulating offshore leases are considering granting royalty relief to new oil and gas drilling in shallow waters in the Gulf of Mexico, in a bid to…
Shares in UK-listed oil companies slumped on Thursday as Britain’s main opposition party, the Labour Party, vowed to increase taxes on the sector in a pledge for a greener economy,…
Venezuela will use some 30 million barrels of oil it has in storage as backing for its national cryptocurrency, the petro, Reuters reports, citing a speech by President Nicolas…
Alberta’s crude oil production cuts, scheduled to last until the end of 2020 could end a month earlier, Premier Jason Kenney said in an interview with Reuters. “We hope…
In its latest Short-Term Energy Outlook (STEO), published this month, the EIA revised up its forecast of U.S. crude oil production by 30,000 bpd, or by 0.2 percent, from the…