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Breaking News:

India’s Fuel Demand Jumped 6% in April

Deepwater Exploration Is Booming Again

Deepwater Exploration Is Booming Again

The majors are investing more…

The Making of a Russo-African Iron Curtain

The Making of a Russo-African Iron Curtain

As Western nations are withdrawing…

Belgium's Ports Are Brimming With Unsold Chinese EVs

Belgium's Ports Are Brimming With Unsold Chinese EVs

Le Monde reports Belgium’s ports drowning…

News

Pemex No Longer Interested In Deepwater Oil Projects

Pemex No Longer Interested In Deepwater Oil Projects

Jun 21, 2019 at 16:32 | Irina Slav

Pemex will avoid investing in deepwater offshore projects, instead focusing on areas where it has experience, including the shallow waters of the Gulf of Mexico and onshore fields, Reuters

India’s Oil Minister Pleads With Saudi Arabia To Help Stabilize Oil Prices

India’s Oil Minister Pleads With Saudi Arabia To Help Stabilize Oil Prices

Jun 21, 2019 at 16:25 | Julianne Geiger

India’s oil minister Dharmendra Pradhan reached out to Saudi Arabia on Friday to discuss unrest in the region which is pushing up prices to levels that are…

Russia To Lend Iran A Hand For Exporting Oil

Russia To Lend Iran A Hand For Exporting Oil

Jun 21, 2019 at 16:18 | Julianne Geiger

Russia is willing to step in to help Iran export its oil while the Middle Eastern country is struggling to keep the oil flowing while pressured by sanctions levied…

Canada’s Senate Passes Energy Bills In Defeat For Oil Industry

Canada’s Senate Passes Energy Bills In Defeat For Oil Industry

Jun 21, 2019 at 14:23 | Tsvetana Paraskova

Canada’s Senate passed on Thursday two controversial bills restricting the movement of oil tankers off the northern coast of British Columbia and overhauling the assessment process for oil pipelines—bills…

Oil Holds Steady Amid Small Rig Count Decline

Oil Holds Steady Amid Small Rig Count Decline

Jun 21, 2019 at 12:23 | Julianne Geiger

The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point…

Trillion Dollar Fund To Remove Exxon from ESG Funds

Trillion Dollar Fund To Remove Exxon from ESG Funds

Jun 21, 2019 at 11:01 | Irina Slav

The asset management arm of UK’s insurer Legal & General will remove ExxonMobil from its Future World Funds as these are focused on clients with an interest in investing in…

Major Explosions Rock Largest Oil Refinery On US East Coast

Major Explosions Rock Largest Oil Refinery On US East Coast

Jun 21, 2019 at 09:06 | Tsvetana Paraskova

Several explosions and a huge fire rocked the largest oil refining complex on the Eastern seaboard in southwest Philadelphia early on Friday, with early reports saying there aren’t any…

Chevron Phillips Chemical To Acquire Canadian Plastics Maker In $15B Deal

Chevron Phillips Chemical To Acquire Canadian Plastics Maker In $15B Deal

Jun 20, 2019 at 17:18 | Julianne Geiger

Undaunted by the new push for a war on plastics in the face of environmental opposition, joint venture Chevron Phillips Chemical Company LP has made a bid for Nova…

State Republican Senators Flee Oregon To Avoid Vote On Climate Bill      

State Republican Senators Flee Oregon To Avoid Vote On Climate Bill      

Jun 20, 2019 at 17:01 | Tsvetana Paraskova

Republican lawmakers at the Oregon State Senate fled the state on Thursday to avoid being forced to vote on a climate bill that the Oregon House passed earlier this…

Gulf OPEC Producers to Keep July Production Within Current Deal  

Gulf OPEC Producers to Keep July Production Within Current Deal  

Jun 20, 2019 at 16:54 | Tsvetana Paraskova

OPEC’s oil producers from the Persian Gulf are not in a rush to increase production in July despite the fact that the current agreement expires at the end of June…

India Looks To Russian Crude As Iranian Imports Crash

India Looks To Russian Crude As Iranian Imports Crash

Jun 20, 2019 at 11:22 | Tsvetana Paraskova

India and Russia continue to bolster their energy cooperation, and now India is looking at ways to establish oil shipping routes from Russia’s Far East India’s east coast, India’s Oil…

London To Hold Its Largest Car-Free Day To Date To Tackle Air Pollution

London To Hold Its Largest Car-Free Day To Date To Tackle Air Pollution

Jun 20, 2019 at 10:52 | Tsvetana Paraskova

London will hold its biggest car-free day event in September in a bid to encourage people to walk, cycle, and use public transport as the UK capital fights air pollution.…

Iran Claims It Shot Down U.S. Drone

Iran Claims It Shot Down U.S. Drone

Jun 20, 2019 at 09:40 | Irina Slav

Iran has said its Revolutionary Guard had shot down a U.S. drone flying over Iranian territory, days after the U.S. accused Iran of shooting down a drone that was flying…

Obama’s Clean Power Plan To Never See Light of Day

Obama’s Clean Power Plan To Never See Light of Day

Jun 19, 2019 at 18:11 | Julianne Geiger

The Environmental Protection Agency has officially repealed and replaced the never-implemented Obama-era Clean Power Plan (CPP) on Wednesday, according to the Wall Street Journal, in a move that is…

Tesla Is Not Meeting Musk’s Q2 Record Production Goal

Tesla Is Not Meeting Musk’s Q2 Record Production Goal

Jun 19, 2019 at 18:09 | Tsvetana Paraskova

Tesla hasn’t met Elon Musk’s goal of consistently manufacturing 1,000 Model 3s a day this quarter so that it can beat its sales and delivery record as Musk urged employees…

India Picks New Site For $44B Aramco-ADNOC Mega Refinery

India Picks New Site For $44B Aramco-ADNOC Mega Refinery

Jun 19, 2019 at 16:36 | Tsvetana Paraskova

The Indian state of Maharashtra has identified a new location where India, in partnership with the state oil companies of Saudi Arabia and the UAE, plans to build a…

U.S. Navy: Mine Fragments Point To Iran In Oil Tanker Attacks

U.S. Navy: Mine Fragments Point To Iran In Oil Tanker Attacks

Jun 19, 2019 at 14:27 | Tsvetana Paraskova

Fragments of a limpet mine and a magnet which the U.S. Navy has removed from one of the oil tankers hit in the Gulf of Oman last week bear a…

Chinese Oil Majors Refine Less Crude Due To ‘Maintenance Problems’

Chinese Oil Majors Refine Less Crude Due To ‘Maintenance Problems’

Jun 19, 2019 at 12:07 | JLC

Chinese state-owned refiners’ operating rates remained low in the first half of June, because of more refinery extended refinery maintenance, JLC data shows. This lull comes on the heels of…

Ottawa Approves Critical Trans Mountain Expansion

Ottawa Approves Critical Trans Mountain Expansion

Jun 19, 2019 at 11:07 | Irina Slav

The federal government of Canada has approved the controversial Trans Mountain oil pipeline expansion project that it bought from Kinder Morgan last year. The project will triple the pipeline’s…

Air Strike Hits NOC Warehouse In Libya

Air Strike Hits NOC Warehouse In Libya

Jun 19, 2019 at 09:05 | Irina Slav

In what is the first confirmed strike against a foreign-owned oil asset, Libya’s National Oil Corporation said a warehouse in Tripoli that it owns jointly with Italian Eni was hit…

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