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The U.S. Doubles Down On Domestic Lithium Production

The U.S. Doubles Down On Domestic Lithium Production

Battery metals are quickly becoming…

Iran Prepares For War With Israel

Iran Prepares For War With Israel

The successful attack on Saudi…

News

China’s Oil Imports Jump 11%

China’s Oil Imports Jump 11%

Oct 14, 2019 at 10:55 | Irina Slav

China imported 10.08 million bpd of crude oil last month, up 11 percent on the year, customs data showed as cited by S&P Global Platts. This was the first…

India To Spend $60 Billion On Natural Gas Grid

India To Spend $60 Billion On Natural Gas Grid

Oct 14, 2019 at 09:41 | Irina Slav

India is planning to invest $60 billion in developing a national natural gas grid and building a number of import terminals, Reuters reports, adding that the plan is part…

Saudi Arabia Denies Any Involvement In Iran Tanker Attack

Saudi Arabia Denies Any Involvement In Iran Tanker Attack

Oct 14, 2019 at 09:05 | Irina Slav

“We did not engage in such behaviour at all. This is not how we operate and that’s not how we did (it) in the past,” Saudi Arabia’s foreign minister, Adel…

US Sends More Troops To Saudi Arabia After Attacks On Oil Infrastructure

US Sends More Troops To Saudi Arabia After Attacks On Oil Infrastructure

Oct 11, 2019 at 16:57 | Julianne Geiger

The United States is gearing up to deploy additional boots on the ground to Saudi Arabia, as well as a missile defense system, in order to shore up security in…

Huge Independent Refiner Prepares For Revolution In Markets

Huge Independent Refiner Prepares For Revolution In Markets

Oct 11, 2019 at 16:43 | Tsvetana Paraskova

One of the world’s largest independent oil traders, Gunvor Group, plans to revamp its refinery in Rotterdam to adapt it to produce low-sulfur fuel oil that would be compliant with…

Toyota’s New Hydrogen Car Takes On Tesla

Toyota’s New Hydrogen Car Takes On Tesla

Oct 11, 2019 at 15:51 | Tsvetana Paraskova

Japan’s Toyota Motor Corp released on Friday the first images of its completely revamped hydrogen-powered zero-emission fuel cell electric vehicle Mirai, aiming to take on battery-powered vehicles like the…

BP Warns Hurricane Barry Significantly Dented Its Q3 Oil Production

BP Warns Hurricane Barry Significantly Dented Its Q3 Oil Production

Oct 11, 2019 at 12:46 | Tsvetana Paraskova

BP warned on Friday that Hurricane Barry, which passed through the U.S. Gulf of Mexico in mid-July, hurt the supermajor’s oil production in the third quarter, cutting it by…

Oil Thieves Cause Fire On Nigerian Oil Block

Oil Thieves Cause Fire On Nigerian Oil Block

Oct 11, 2019 at 12:00 | Tsvetana Paraskova

A fire has broken out on an oil lease in the southeastern state of Imo in Nigeria, during what preliminary investigation believes to be illegal bunkering activity by thieves, Nigerian…

PDVSA, Chevron Restart Second Major Oil Blending Facility

PDVSA, Chevron Restart Second Major Oil Blending Facility

Oct 11, 2019 at 10:47 | Irina Slav

PDVSA and Chevron have restarted operations at the blending facility of their joint venture Petropiar, Reuters reports, citing sources who whished to remain unnamed. The news comes on the…

More Traders And Shippers Turn Their Backs On Venezuelan Oil

More Traders And Shippers Turn Their Backs On Venezuelan Oil

Oct 11, 2019 at 09:28 | Irina Slav

Trafigura, Equinor, Exxon, and Unipec are among the companies that are increasingly turning their backs on Venezuelan oil contracts, along with vessel operators, all too aware of the consequences of…


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