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Breaking News:

Libyan Oilfield Is Offline Again

The Battle For Libya’s Oil Is Heating Up

The Battle For Libya’s Oil Is Heating Up

The past two days have…

Hedge Funds Are Quietly Piling Into Oil

Hedge Funds Are Quietly Piling Into Oil

Institutional investors are buying oil…

Is Today’s Oil Price Plunge A Sign Of Things To Come?

Is Today’s Oil Price Plunge A Sign Of Things To Come?

Oil prices fell significantly today…

News

Conoco Looks To Claim Citgo Assets

Conoco Looks To Claim Citgo Assets

Nov 27, 2019 at 11:27 | Irina Slav

Just a few days after the U.S. Department of Treasury said it will not allow anyone to claim the assets of refiner Citgo as compensation for damages suffered from its…

Retail Investors Are Warming Up To The Aramco IPO

Retail Investors Are Warming Up To The Aramco IPO

Nov 27, 2019 at 09:36 | Julianne Geiger

Saudi Arabia’s IPO for its state-run oil company has reached 24.07 billion Saudi riyals, or US $7.21 billion, according to Reuters, citing the IPO’s lead manager, Samba Capital. The…

Explosion Rocks Texas Refinery, Injures 3 Workers

Explosion Rocks Texas Refinery, Injures 3 Workers

Nov 27, 2019 at 09:24 | Tsvetana Paraskova

An explosion rocked a petroleum product processing plant in Port Neches, some 90 miles east of Houston, early on Wednesday, damaging nearby homes and injuring three workers at the…

Surprise Crude Build Disappoints Oil Bulls

Surprise Crude Build Disappoints Oil Bulls

Nov 26, 2019 at 15:53 | Julianne Geiger

The American Petroleum Institute (API) has estimated a crude oil inventory build of 3.639 million barrels for the week ending November 21, compared to analyst expectations of a 418,000-barrel…

This Oil Nation Is Committing $1.5 Billion To The Aramco IPO

This Oil Nation Is Committing $1.5 Billion To The Aramco IPO

Nov 26, 2019 at 14:15 | Tsvetana Paraskova

Abu Dhabi could invest up to US$1.5 billion in the initial public offering of Saudi Aramco, Bloomberg reported on Tuesday, citing people familiar with the matter. Saudi Arabia now…

Eastern Europe Is Turning Into An Energy Battleground

Eastern Europe Is Turning Into An Energy Battleground

Nov 26, 2019 at 13:40 | RFE/RL staff

Bulgaria has agreed to allow NATO to use its Black Sea port for naval coordination efforts as tensions rise between the Western military alliance and Russia.The agreement was…

The Highly-Anticipated OPEC Meeting Finally Has A Date

The Highly-Anticipated OPEC Meeting Finally Has A Date

Nov 26, 2019 at 13:16 | Tsvetana Paraskova

The Joint Technical Committee (JTC) at OPEC, the body that reviews oil market fundamentals before the cartel’s ministers gather to discuss cuts, will meet in Vienna on the afternoon of…

U.S. Police Promise To Protect Pipelines From

U.S. Police Promise To Protect Pipelines From "Domestic Terrorists"

Nov 26, 2019 at 11:47 | Irina Slav

U.S. law enforcement agencies have prepared plans to respond to any new protests against the controversial Keystone XL pipeline “by any means,” The Guardian reports, citing internal documents. Among…

Iran’s Gasoline Consumption Plunges After Massive Price Hike

Iran’s Gasoline Consumption Plunges After Massive Price Hike

Nov 26, 2019 at 11:08 | Tsvetana Paraskova

Gasoline consumption in Iran dropped to 79 million liters per day in the week following the 50-percent fuel price hike, from an average 98 million liters per day in the…

Pemex Is Still Suffering From Cyberattack Fallout

Pemex Is Still Suffering From Cyberattack Fallout

Nov 26, 2019 at 09:33 | Irina Slav

The communications system of Mexico’s oil giant Pemex is still suffering the lingering effects of a cyberattack that occurred earlier this month, sources from the company told Bloomberg. A…


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