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Turkmenistan Tops Russia in Gas Export Earnings to China

Turkmenistan Tops Russia in Gas Export Earnings to China

Turkmenistan's natural gas exports to…

Carbon-Eating Bacteria May Hold The Key To Decarbonization

Carbon-Eating Bacteria May Hold The Key To Decarbonization

A U.S.-based biotechnology firm is…

Stagflation Signals Soar as Manufacturing Surveys Show Skyrocketing Prices

Stagflation Signals Soar as Manufacturing Surveys Show Skyrocketing Prices

Manufacturing surveys indicate stagnant growth…

News

Syrian Gas Pipeline Out Of Service After Militant Attack

Syrian Gas Pipeline Out Of Service After Militant Attack

Jul 15, 2019 at 11:27 | Tsvetana Paraskova

A natural gas pipeline in central Syria, which is under government control, went out of service on Sunday after militants attacked it, Syria’s state news agency SANA reported. The…

UK Could Release Iranian Tanker If Oil Doesn’t Go To Syria

UK Could Release Iranian Tanker If Oil Doesn’t Go To Syria

Jul 15, 2019 at 10:03 | Tsvetana Paraskova

The UK will facilitate the release of the Iranian oil tanker detained by Gibraltar earlier this month if Iran gave guarantees that the crude loaded on that vessel wasn’t bound…

Massive NYC Blackout Not Terrorism Related: De Blasio

Massive NYC Blackout Not Terrorism Related: De Blasio

Jul 15, 2019 at 09:32 | Tsvetana Paraskova

The utility servicing New York City will be investigating the root cause of the massive power outage on the West Side of Manhattan on Saturday evening, while cyber and physical…

Pentagon Looks To Break China’s Monopoly On Rare Earth Minerals

Pentagon Looks To Break China’s Monopoly On Rare Earth Minerals

Jul 12, 2019 at 17:22 | Julianne Geiger

The Pentagon is scrambling to find a way to develop the United States’ rare earths mining capability as the trade war with China threatens to disrupt the flow of the…

Rising Vaca Muerta Shale Output Makes Argentina LNG Exporter

Rising Vaca Muerta Shale Output Makes Argentina LNG Exporter

Jul 12, 2019 at 17:17 | Tsvetana Paraskova

Growing natural gas production from the Vaca Muerta shale play has recently helped Argentina to export its first liquefied natural gas (LNG) cargo and to resume pipeline natural gas exports…

UK Sends Another Warship To Gulf After Iran Tried To Block Oil Tanker

UK Sends Another Warship To Gulf After Iran Tried To Block Oil Tanker

Jul 12, 2019 at 16:59 | Tsvetana Paraskova

Amid escalating UK-Iran tensions in the Middle East, the UK is deploying a second warship to the Persian Gulf to operate for a brief time alongside the ship that…

Asia’s Refining Margins Rebound To Nearly 2-Year High

Asia’s Refining Margins Rebound To Nearly 2-Year High

Jul 12, 2019 at 13:47 | Tsvetana Paraskova

Weighed down by depressed refining margins earlier this year, refiners across Asia have recently reduced production and some closed down for maintenance, thus boosting Asian refining margins in the past…

China’s Crude Oil Imports Rise In June

China’s Crude Oil Imports Rise In June

Jul 12, 2019 at 11:45 | Tsvetana Paraskova

Thanks to demand from the start-up of major refineries, Chinese crude oil imports in June have increased since May, and has increased by 15.2 percent from June last year, customs…

Anadarko To Vote On Oxy Takeover In August

Anadarko To Vote On Oxy Takeover In August

Jul 12, 2019 at 10:33 | Irina Slav

The shareholders of Anadarko Petroleum will vote on the company’s takeover by Occidental on August 8, Reuters reports, adding that Occidental avoided a shareholder vote on the deal by…

US And Allies Look To Provide Naval Escorts for Oil Tankers Through Persian Gulf

US And Allies Look To Provide Naval Escorts for Oil Tankers Through Persian Gulf

Jul 12, 2019 at 09:29 | Julianne Geiger

Despite President Donald Trump’s insistence that countries should take responsibility for protecting its own oil tankers through the risky Persian Gulf after two tankers were attacked off the coast of…

Consumer Groups Want California Oil Regulators Fired Over Conflict Of Interest

Consumer Groups Want California Oil Regulators Fired Over Conflict Of Interest

Jul 11, 2019 at 16:31 | Tsvetana Paraskova

Two consumer groups opposed to fossil fuels are calling on California’s Governor Gavin Newsom to fire supervisors at the state agency regulating oil drilling permits over a conflict of interest,…

Phillips 66 Shuts Down Louisiana Refinery Ahead Of Storm

Phillips 66 Shuts Down Louisiana Refinery Ahead Of Storm

Jul 11, 2019 at 15:58 | Tsvetana Paraskova

Phillips 66 will be temporarily closing down its 253,600-bpd Alliance, Louisiana, refinery ahead of possible flooding from a tropical storm in the Gulf of Mexico which is expected to…

Chinese Construction Giant Looks To Sign Oil Pipeline Projects In Iraq

Chinese Construction Giant Looks To Sign Oil Pipeline Projects In Iraq

Jul 11, 2019 at 12:51 | Tsvetana Paraskova

China State Construction Engineering Corporation is looking for opportunities in Iraq’s oil industry and believes it could sign at least one contract per year for oil infrastructure in Iraq, Yu…

OPEC Oil Production Drops In June On New Supply Outages

OPEC Oil Production Drops In June On New Supply Outages

Jul 11, 2019 at 12:13 | Tsvetana Paraskova

OPEC’s oil production dropped by another 68,000 bpd to 29.83 million bpd in June, as output from Iran and Libya—exempt from the production cut pact—and other members offset large increases…

Pennsylvania Willing To Let Shuttered Oil Refinery Die

Pennsylvania Willing To Let Shuttered Oil Refinery Die

Jul 11, 2019 at 09:33 | Irina Slav

The Pennsylvania government will not finance the recovery of the largest refinery on the U.S. East Coast, which suffered a devastating string of explosions late last month. “The administration does…

Iran To Offer Oil Future Contracts To Foreign Firms Despite Sanctions

Iran To Offer Oil Future Contracts To Foreign Firms Despite Sanctions

Jul 10, 2019 at 17:11 | Julianne Geiger

Iran will offer oil futures to interested foreign parties at pre-determined rates, the Tehran Times reported on Wednesday, citing Iranian VP Es’haq Jahangiri, despite US sanctions that have restricted…

Lukoil Restores Oil Supplies After Russia’s Pipeline Contamination

Lukoil Restores Oil Supplies After Russia’s Pipeline Contamination

Jul 10, 2019 at 16:55 | Tsvetana Paraskova

Russia’s second-largest oil producer, Lukoil, has fully restored the volume of its oil supplies to customers after a major contamination on the Druzhba oil pipeline disrupted Russian crude supply…

WoodMac: Permian Will Need Extra Oil Pipelines To Cope With Surging Output

WoodMac: Permian Will Need Extra Oil Pipelines To Cope With Surging Output

Jul 10, 2019 at 16:01 | Tsvetana Paraskova

Despite the ongoing rush to build oil pipelines to carry crude from the Permian to the Gulf Coast and an overbuild in the short-term, the fastest-growing U.S. shale play will…

Russians Allegedly Offered Oil Money To Fund Italy’s Far Right

Russians Allegedly Offered Oil Money To Fund Italy’s Far Right

Jul 10, 2019 at 13:59 | Tsvetana Paraskova

Three Italians—including a close aide to Italy’s far-right Deputy Prime Minister and Interior Minister Matteo Salvini—and three Russians allegedly held a meeting in Moscow last October to plan an oil…

India Still Negotiating U.S. Nuclear Reactors Deal  

India Still Negotiating U.S. Nuclear Reactors Deal  

Jul 10, 2019 at 12:15 | Tsvetana Paraskova

India continues to hold technical and commercial discussions with Westinghouse for arriving at a project proposal for nuclear reactors in the state of Andhra Pradesh, Jitendra Singh, Minister of State…

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