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A Coal Stock Worth Buying?

A Coal Stock Worth Buying?

Buying coal stocks is not…

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Report: Egypt Detains Tanker Carrying Iranian Oil

Report: Egypt Detains Tanker Carrying Iranian Oil

Jul 09, 2019 at 12:48 | Tsvetana Paraskova

Egypt seized a Ukrainian oil tanker carrying Iranian crude while it was crossing the Suez Canal ten days ago, according to a report from Arab news outlet Al-Araby Al-Jadeed carried…

Iran’s ‘Misery Index’ Jumps As U.S. Oil Sanctions Cripple Economy

Iran’s ‘Misery Index’ Jumps As U.S. Oil Sanctions Cripple Economy

Jul 09, 2019 at 11:32 | Tsvetana Paraskova

Iran’s ‘misery index’—an informal measure of an economy that adds inflation to the unemployment rate—more than doubled this past winter, jumping to 39 percent from 19.4 percent in the…

China’s Fight Against Pollution To Generate Billions In Extra Solar Income

China’s Fight Against Pollution To Generate Billions In Extra Solar Income

Jul 09, 2019 at 10:33 | Irina Slav

China’s efforts to reduce some of the world’s worst air pollution are having a bonus positive effect: they are improving the country’s potential to generate solar power as more sunlight…

First Nations Intent On Making Oil Pipeline Project Happen

First Nations Intent On Making Oil Pipeline Project Happen

Jul 09, 2019 at 09:32 | Irina Slav

A group of First Nations has oil and gas pipeline plans that would certainly raise hackles in British Columbia and the group is intent on making them happen despite new…

OPEC Wants Quick Resolution To Tensions Between US And Iran, Venezuela

OPEC Wants Quick Resolution To Tensions Between US And Iran, Venezuela

Jul 08, 2019 at 17:10 | Julianne Geiger

OPEC has asked on Monday for a timely settlement to the tensions that have flared up between the United States and Iran and Venezuela, Anadolu Agency reported on Monday,…

Seized Iranian Tanker Fully Laden With Crude Oil

Seized Iranian Tanker Fully Laden With Crude Oil

Jul 08, 2019 at 17:01 | Julianne Geiger

The Government of Gibraltar has confirmed that the Iranian supertanker allegedly on its way to Syria was fully laden with 2 million barrels of crude oil, Reuters reported on Monday.…

Iran Wants To Settle China’s Role In Giant South Pars Gas Field

Iran Wants To Settle China’s Role In Giant South Pars Gas Field

Jul 08, 2019 at 16:38 | Tsvetana Paraskova

Iran has denied China National Petroleum Corporation (CNPC) a request to suspend work on Phase 11 of the South Pars gas project, aiming for a clear-cut solution to the Chinese…

Flows On Main UK North Sea Crude Oil Pipeline Reduced

Flows On Main UK North Sea Crude Oil Pipeline Reduced

Jul 08, 2019 at 16:14 | Tsvetana Paraskova

Ineos, the operator of the main UK North Sea crude oil transport route, the Forties pipeline, said on Monday that it is progressively reducing to 150,000 bpd the flow…

Iran Close To Exceeding 2015 Deal Uranium Enrichment Level

Iran Close To Exceeding 2015 Deal Uranium Enrichment Level

Jul 08, 2019 at 12:50 | Irina Slav

Iran warned this weekend that it was close to exceeding the level of uranium enrichment agreed under the 2015 Joint Comprehensive Plan of Action, commonly called the Iran nuclear deal.…

Oil Tankers Avoid Fujairah In Wake Of Attacks

Oil Tankers Avoid Fujairah In Wake Of Attacks

Jul 08, 2019 at 09:51 | Irina Slav

Tankers are shunning the port of Fujairah in the UAE, the main refueling hub of the Middle East, following the two attacks involving tankers in the area in the past…

Venezuela’s Main Oil Refinery Shuts Down After Blackout

Venezuela’s Main Oil Refinery Shuts Down After Blackout

Jul 08, 2019 at 09:34 | Irina Slav

Venezuela’s refining complex CRP has been shut down after a blackout that occurred on Sunday, Argus Media reports, citing union officials from the complex as saying the blackout was caused…

Millions In Jewelry, Golden Iphone Seized From Corrupt Nigerian Ex-Oil Minister

Millions In Jewelry, Golden Iphone Seized From Corrupt Nigerian Ex-Oil Minister

Jul 05, 2019 at 16:46 | Julianne Geiger

A Nigerian court has ordered the seizure of $40 million of luxury items, mainly jewelry and a customized golden iPhone belonging to the ex-minister of Nigeria’s petroleum resources Diezani Alison-Madueke,…

German Refinery Halts Russian Oil Imports Again On Poor Crude Quality

German Refinery Halts Russian Oil Imports Again On Poor Crude Quality

Jul 05, 2019 at 16:41 | Tsvetana Paraskova

Just days after Russia said it had fully resumed oil flows to Europe via the Druzhba pipeline after a major disruption in supplies due to crude contamination in April,…

Brazil’s Petrobras Puts Offshore E&P Oil, Gas Assets For Sale

Brazil’s Petrobras Puts Offshore E&P Oil, Gas Assets For Sale

Jul 05, 2019 at 15:51 | Tsvetana Paraskova

Petrobras is putting up for sale two operating shallow-water offshore gas fields and a deepwater oil exploration concession in the Espírito Santo Basin, as part of efforts to optimize its…

Rivals In Oil Producer Sudan Reach Power-Sharing Deal

Rivals In Oil Producer Sudan Reach Power-Sharing Deal

Jul 05, 2019 at 13:27 | Tsvetana Paraskova

The military and the opposition, Sudan’s main rival groups since the long-term president was ousted in April, reached on Friday a power-sharing agreement that could stop months of violence…

North Sea-Focused Siccar Point Considers Sale

North Sea-Focused Siccar Point Considers Sale

Jul 05, 2019 at 11:09 | Irina Slav

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 Pushes Subsidiaries To Export More Gasoline

PetroChina Pushes Subsidiaries To Export More Gasoline

Jul 05, 2019 at 09:22 | JLC

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…

Governor Vetoes Provision To Allow Tesla’s Direct Sales In Wisconsin

Governor Vetoes Provision To Allow Tesla’s Direct Sales In Wisconsin

Jul 04, 2019 at 15:51 | Tsvetana Paraskova

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…

Saudis, Kuwait Make Progress On Talks To Resume Oil Output In Neutral Zone

Saudis, Kuwait Make Progress On Talks To Resume Oil Output In Neutral Zone

Jul 04, 2019 at 12:44 | Tsvetana Paraskova

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,…

This Oil Major Says Net Zero Emissions Is ‘The Only Way To Go’

This Oil Major Says Net Zero Emissions Is ‘The Only Way To Go’

Jul 04, 2019 at 12:31 | Tsvetana Paraskova

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…

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