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News

Hundreds Dead, Injured As Fighting Escalates In Oil-Rich Libya

Hundreds Dead, Injured As Fighting Escalates In Oil-Rich Libya

Apr 17, 2019 at 15:28 | Tsvetana Paraskova

Since eastern strongman General Khalifa Haftar ordered his self-styled Libyan National Army (LNA) to march on Tripoli, almost 180 people have died and 800 others have been wounded in…

Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests

Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests

Apr 17, 2019 at 14:12 | Tsvetana Paraskova

Egypt plans to slash fuel and electricity subsidies in its 2019/2020 financial year, the finance ministry’s draft budget shows, but raising fuel prices closer to international levels could turn out…

Why Aramco Wants In On India’s Largest Refining Company

Why Aramco Wants In On India’s Largest Refining Company

Apr 17, 2019 at 12:05 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco is in “serious discussions” to buy up to 25 percent of the refining and petrochemicals businesses of India’s largest company, Reliance Industries, The Times of…

Guaido Wants Annulment Of ConocoPhillips Compensation

Guaido Wants Annulment Of ConocoPhillips Compensation

Apr 17, 2019 at 11:07 | Irina Slav

The President of Venezuela’s National Assembly and opposition leader Juan Guaido will try to win an annulment for an US$8.7-billion compensation awarded to U.S. supermajor ConocoPhillips by an arbitration court…

Oil Industry Relieved After Major Conservative Win In Alberta

Oil Industry Relieved After Major Conservative Win In Alberta

Apr 17, 2019 at 10:28 | Irina Slav

The United Conservative Party won the provincial vote in Alberta with an overwhelming majority, promising a harder line on energy issues as a champion for the oil industry. The…

Iranian Oil Exports Drop As Waiver Expiry Draws Near

Iranian Oil Exports Drop As Waiver Expiry Draws Near

Apr 17, 2019 at 09:05 | Julianne Geiger

Iranian oil exports have dropped this month as waivers are soon set to expire, Refinitiv Eikon and tanker tracking data showed, according to Reuters. The United States is set…

Crude, Gasoline Draw Boost Oil Prices

Crude, Gasoline Draw Boost Oil Prices

Apr 16, 2019 at 15:54 | Julianne Geiger

The American Petroleum Institute (API) reported a draw in crude oil inventory of 3.096 million barrels for the week ending April 12, coming in over analyst expectations of a ­

Goldman Sachs-Backed Russian Oil Firm Plans Expansion

Goldman Sachs-Backed Russian Oil Firm Plans Expansion

Apr 16, 2019 at 15:02 | Tsvetana Paraskova

Independent Russian oil and gas producer Irkutsk Oil Company (INK), which has Goldman Sachs as a shareholder, stands out in the state firm-dominated sector in Russia and plans to…

Iran Shutters Oil Fields To Cope With Deadly Floods

Iran Shutters Oil Fields To Cope With Deadly Floods

Apr 16, 2019 at 13:53 | Tsvetana Paraskova

Iran has shut down some oil fields in its southwest Khuzestan province bordering Iraq and the Persian Gulf, as the Islamic Republic is looking to control the damage from recent…

New Crude-By-Rail Bill Could Upend U.S. Oil Flows

New Crude-By-Rail Bill Could Upend U.S. Oil Flows

Apr 16, 2019 at 13:48 | Tsvetana Paraskova

The State of Washington’s House of Representatives has just passed a bill to reduce vapor pressure limits on crude-by-rail shipments through the state. If the bill becomes law, analysts…

Electric Vehicle Registrations In US Hit Record High In 2018

Electric Vehicle Registrations In US Hit Record High In 2018

Apr 16, 2019 at 13:44 | Tsvetana Paraskova

New registrations of fully electric vehicles (EVs) in the United States hit a record 208,000 cars in 2018, more than double the new registrations in 2017, business intelligence firm IHS…

Has Tesla Solved The World’s Battery Recycling Problem?

Has Tesla Solved The World’s Battery Recycling Problem?

Apr 16, 2019 at 11:59 | Irina Slav

Tesla has announced it has developed a unique battery recycling system at its Nevada gigafactory that can maximize the recovery of critical battery minerals including lithium and cobalt, the company…

Nigerian Army Destroys Major Oil Smuggling Hub

Nigerian Army Destroys Major Oil Smuggling Hub

Apr 16, 2019 at 11:09 | Irina Slav

The Nigerian army has destroyed one of the biggest illegal oil camps in the Niger Delta controlled and operated by oil thieves, local media report. The soldiers, according to…

Why Gazprom Just Resumed Purchases Of Turkmen Gas

Why Gazprom Just Resumed Purchases Of Turkmen Gas

Apr 16, 2019 at 09:35 | Irina Slav

Gazprom has begun buying natural gas from Turkmenistan after a three-year pause, under a 25-year contract signed in 2003 and suspended in 2016. Until 2010, Russia’s gas giant was…

U.S. Presidential Hopeful Promises To Ban Oil & Gas Drilling

U.S. Presidential Hopeful Promises To Ban Oil & Gas Drilling

Apr 15, 2019 at 17:10 | Julianne Geiger

Presidential hopeful Elizabeth Warren has promised, in a column on Medium, to ban all fossil fuel extractions on all federal lands and coastal waters. This move will no doubt…

South Sudan’s Oil Flow Not Impacted By Unrest In Sudan

South Sudan’s Oil Flow Not Impacted By Unrest In Sudan

Apr 15, 2019 at 16:21 | Tsvetana Paraskova

Oil flow from South Sudan has not been affected by the political turmoil in its neighbor to the north, Sudan, the oil minister of South Sudan, Ezekiel Lul Gatkuoth, has…

Fuel-Starved Haiti In Crisis As Venezuela Deal Dies

Fuel-Starved Haiti In Crisis As Venezuela Deal Dies

Apr 15, 2019 at 15:06 | Tsvetana Paraskova

The poorest nation in the Western hemisphere has seen its fuel supply increasingly challenged since a program designed by Venezuela to supply fuel and gain influence in the Caribbean…

Iraq's Solution To Stranded Kurdistan Crude

Iraq's Solution To Stranded Kurdistan Crude

Apr 15, 2019 at 12:37 | Tsvetana Paraskova

Iraq is set to build an oil refinery of 150,000 bpd processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban.   The ministry said…

Why South Korea Just Ramped Up Iranian Oil Imports

Why South Korea Just Ramped Up Iranian Oil Imports

Apr 15, 2019 at 10:44 | Irina Slav

South Korea’s imports of Iranian crude last month reached 1.2 million tons, or 8.8 million barrels which was a 23-percent increase on February and a fivefold increase in January, when…

Defiant Musk Sends Out Other Controversial Tesla Tweet

Defiant Musk Sends Out Other Controversial Tesla Tweet

Apr 15, 2019 at 09:37 | Irina Slav

Just two months after he tweeted a production figure forecast, Tesla’s chief executive has done it again just days after he had to appear in court because the Securities and…

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