The fluctuating prices in response…
The U.S. government has multiple…
Chinese FX outflows, often underreported…
Iran is hinting that it could announce as early as on Wednesday reduced compliance under the so-called Iran nuclear deal in “counteractions” against the maximum pressure campaign of the…
Canada’s federal government is likely to announce in mid-June that it would be proceeding with the controversial expansion of the Trans Mountain oil pipeline designed to double the pipeline flow…
Saudi Arabia is raising its crude oil production to meet market demand after the U.S. sanction waivers for all Iranian customers ended last week, according to the U.S. Secretary of…
A U.S. court has granted a stay of 120 days in a legal case that a hedge fund brought against Venezuela’s state-owned oil company PDVSA for unpaid debt amount to…
The U.S. Department of Energy announced on Tuesday a multi-million contract to Cray Inc and AMD, who will build the world’s fastest supercomputer that will be delivered to Oak…
The rate of addition new renewable energy capacity globally last year disappointed by failing to register any increase on 2017, the International Energy Agency reported, adding that the finding…
An oil pipeline in the Iranian province of Khuzestan, exploded yesterday, TankerTrackers.com reported citing Iran’s state news agency IRNA and disclosing satellite images of the blast. According to the…
US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday.…
In its biggest provocation yet, Turkey has sent its Fatih drilling ship into Cypriot waters, launching drilling operations that have prompted a response from the U.S. and a Greek Cypriot…
South Sudan and South Africa have inked an exploration and production sharing deal for oil in a sign that South Sudan is well on its way to put its…
The United States is working with oil producers like Saudi Arabia and the United Arab Emirates (UAE) to ensure India has enough crude supply after the end of all sanction…
Israel’s Energy Minister Yuval Steinitz ordered on Sunday that the country’s only operating natural gas field, the offshore Tamar field, be closed as a precaution after violence between militants…
Occidental Petroleum has updated the terms of its bid for Anadarko by saying it will pay 80 percent of the US$38 billion it is offering in cash, negating the need…
Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to…
Shell is seeking to sell its minority stake in a liquefied natural gas (LNG) project in Indonesia, hoping to get US$1 billion for its 35-percent interest in the US$15-billion project,…
A shortage of nickel, copper, and other metals used in electric car batteries is looming, according to a Tesla executive, quoted by two unnamed Reuters
Hungary, Poland, and the Czech Republic are releasing a total of 8 million barrels from their respective strategic petroleum reserves to keep refineries operating after contaminated crude forced the shutdown…
Despite an escalating situation in Venezuela, oil exports from the country remained perhaps surprisingly stable in April, at an average daily rate of 1.06 million barrels, Reuters reports, citing…
Iran’s armed forces should prepare as if an attack were imminent, General Abdolrahim Mousavi instructed on Thursday just as the US waivers on Iranian crude oil sanctions expired, according to…
Turkey will not be able to “quickly” source oil from alternate sources after the US ended the waivers previously extended to Turkey for the purchase of Iranian oil, Turkish…