David Cameron's recent visit to…
The U.S. has been laser-focused…
Kazakhstan is experiencing a surge…
Siccar Point, one of the largest private equity-backed oil and gas field operators in the North Sea is considering a sale, to be arranged later this year, unnamed industry and…
PetroChina started to give its subsidiaries subsidies to export gasoline each month as the domestic supply glut is worsening amid increased production, market sources said.Domestic gasoline…
Wisconsin Governor Tony Evers vetoed a provision in the state budget that would have allowed Tesla to sell its vehicles directly to consumers, in a third (failed) chance for…
Two of OPEC’s heavyweights, Saudi Arabia and Kuwait, have recently made significant progress in their years-long talks about resolving a dispute over shared fields that can produce some 500,000 bpd,…
The world needs to get to the point at which it will no longer add to the stock of greenhouse gases, and reducing emissions to net zero “is the only…
China plans to launch a low-sulfur bunker fuel oil futures contract in a bid to raise its pricing power in the world’s maritime fuel oil market. The Shanghai Futures Exchange…
The British Columbia Oil and Gas Commission has granted a permit for the Woodfibre LNG project, after it also received a license to export 2.1 million tons of LNG from…
Cuban oil firm Cubametales has found itself on the receiving end of further US sanctions as the United States attempts to more completely restrict Venezuela oil exports in an effort…
Kazakhstan aims to significantly increase its crude oil exports to China by redirecting some oil flows from Europe to the world’s top oil importer, Kazakhstan’s Deputy Energy Minister Aset Magauov…
Now that Guyana is the new offshore oil hotspot, the South American country is getting ready to lift the government royalties for new oil contracts, after earlier deals had offered…
Mexico’s state oil firm Pemex plans to pursue an ultra-deepwater project in the Gulf of Mexico despite limited resources and despite recent pledges to avoid riskier endeavors in which it…
China’s Ministry of Commerce (MOFCOM) has issued this year’s second-batch quotas for non-state crude imports, permitting 56.85 million mt of import, according to a notice from the MOFCOM. The quotas surged…
The Conservative Alberta government will provide natural gas producers in the province with a one-off 35-percent tax cut on shallow gas well and pipeline operators for the current fiscal year,…
Occidental Petroleum has called on its shareholders to vote against activist investor Carl Icahn’s push to replace four members of the board of directors in a bid to prevent future…
The American Petroleum Institute (API) reported another large crude oil inventory draw of 5 million barrels for the week ending June 27, a more ambitious draw than analysts had predicted,…
The booming liquefied natural gas (LNG) infrastructure around the world—with the U.S. and Canada accounting for 74 percent of proposed LNG export terminal capacity—poses “a direct challenge to Paris climate…
Venezuela exported 1.1 million bpd of crude oil and refined oil products in June, up by 26 percent from May, thanks to higher shipments under oil-for-loan deals with China, Reuters…
The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid…
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.…
Saudi Arabia may reduce its official selling price for oil for Asian buyers in August, unnamed sources told Reuters, adding the move was prompted by a decline in Middle…