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The Oil Markets Are At A Confusing Crossroads

The Oil Markets Are At A Confusing Crossroads

The latest IEA report suggests…

EIA Inventory Count Accelerates Oil Price Slide

EIA Inventory Count Accelerates Oil Price Slide

Oil prices continued to slide…

Why Is This Little-Known Element Up Over 300%

Why Is This Little-Known Element Up Over 300%

Element ‘’V’’, better known as…

News

Poland Buys Nigerian Oil In Latest Attempt To Cut Russia Oil Dependence

Poland Buys Nigerian Oil In Latest Attempt To Cut Russia Oil Dependence

Oct 08, 2018 at 17:27 | Tsvetana Paraskova

Poland’s largest oil refiner, state-run PKN Orlen, has bought its first ever Nigerian crude oil cargo expected to arrive in mid-October, the Polish company’s chief executive told Reuters amid…

Russia’s Energy Ministry Wants More Incentives For Oil Industry

Russia’s Energy Ministry Wants More Incentives For Oil Industry

Oct 08, 2018 at 12:49 | Tsvetana Paraskova

Russia could extend the timeline for its oil production growth by at least five to seven years and attract “several hundred billion rubles” in additional investment into its oil industry…

UK Stages Cyberwar Games Against Russia

UK Stages Cyberwar Games Against Russia

Oct 08, 2018 at 11:31 | Irina Slav

The British military has staged war games featuring a large-scale blackout attack on Moscow as they fear a capability shortage amid allegations of Russian cyberattacks on both sides of the…

Iran Reports 46% Drop In Condensate Exports

Iran Reports 46% Drop In Condensate Exports

Oct 08, 2018 at 09:34 | Irina Slav

Iran’s condensate exports fell by 46 percent over the first six months of the Iranian year, from March to September, local news agency Isna reported, citing customs data. Quoting…

Exxon To Drill Offshore Cyrpus Despite Turkey Protests

Exxon To Drill Offshore Cyrpus Despite Turkey Protests

Oct 05, 2018 at 16:26 | Tsvetana Paraskova

ExxonMobil plans to begin drilling for oil and gas offshore Cyprus sometime this quarter, a senior executive said on Friday, while Turkey warned again on Thursday against exploration offshore Cyprus…

India, Russia To Cooperate On Russian LNG, Oil Field Development

India, Russia To Cooperate On Russian LNG, Oil Field Development

Oct 05, 2018 at 16:06 | Tsvetana Paraskova

India and Russia are further boosting their energy ties by pledging to cooperate in oil field development and liquefied natural gas (LNG) projects in Russia, including in the Arctic shelf,…

Wind Power Could Cause Warming Effect, Study Suggests

Wind Power Could Cause Warming Effect, Study Suggests

Oct 05, 2018 at 14:07 | Tsvetana Paraskova

While wind power undoubtedly beats fossil fuel-powered energy in environmental measures, large-scale wind power deployment could cause rising temperatures, a new study by Harvard researchers suggests. While wind power…

India Set To Buy Iranian Oil In November Despite U.S. SanctionsIndia Set To Buy

India Set To Buy Iranian Oil In November Despite U.S. SanctionsIndia Set To Buy

Oct 05, 2018 at 13:53 | Tsvetana Paraskova

India will buy a total of 9 million barrels of oil from Iran in November, Reuters reported on Friday, citing an industry source, suggesting that India will continue to…

Nigeria Oil, Gas Revenue Up Almost 40% In June

Nigeria Oil, Gas Revenue Up Almost 40% In June

Oct 05, 2018 at 13:20 | Irina Slav

Nigeria’s National Petroleum Corporation reported oil and gas export revenues of US$416 million for June—a figure that is 35.78 per cent higher than May, with crude oil accounting for US$274.95…

India Explores Ditching Dollar Oil Trade With Russia, Iran, Venezuela

India Explores Ditching Dollar Oil Trade With Russia, Iran, Venezuela

Oct 05, 2018 at 11:44 | Tsvetana Paraskova

India discussed on Thursday the possibility of trading oil with Russia, Venezuela, and Iran either in Indian rupees or under a barter agreement, India’s The Economic Times reports, citing…

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