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Nuclear Energy: The New Geopolitical Battleground

Nuclear Energy: The New Geopolitical Battleground

Russia's declining influence in the…

Anglo-American Pivots to Copper Amid BHP's Hostile Takeover Bid

Anglo-American Pivots to Copper Amid BHP's Hostile Takeover Bid

Anglo-American unveils a comprehensive plan…

News

A Bad Sign For Tesla Bulls? Top Tesla Investor Slashes Stake

A Bad Sign For Tesla Bulls? Top Tesla Investor Slashes Stake

Apr 18, 2019 at 16:00 | Tsvetana Paraskova

Funds managed by T. Rowe Price, which was until recently the second-largest shareholder in Tesla after Elon Musk, significantly cut their holdings in the electric vehicle (EV) maker in the…

Russia Wanted To Load Riot Gear On Venezuela-Bound Warship In Malta

Russia Wanted To Load Riot Gear On Venezuela-Bound Warship In Malta

Apr 18, 2019 at 15:36 | Tsvetana Paraskova

Russian diplomats have tried to buy riot gear in Malta and allegedly load it on a warship en route to Venezuela, in a move that raises concerns in the EU…

Brazil To Put Up New Pre-Salt Oil Blocks For Auction In October

Brazil To Put Up New Pre-Salt Oil Blocks For Auction In October

Apr 18, 2019 at 14:33 | Irina Slav

Brazil will hold an offshore oil deposit auction in October featuring blocks that were the object of a long-running dispute with state energy giant Petrobras. Reuters reports, citing Economy…

Saudi Oil Exports Fall Below 7 Million Bpd In February

Saudi Oil Exports Fall Below 7 Million Bpd In February

Apr 18, 2019 at 14:06 | Tsvetana Paraskova

Saudi Arabia continued to slash its oil exports as this year progressed, with February crude shipments dropping by 227,000 bpd from January to just below 7 million bpd, as the…

Ocasio-Cortez Releases Puzzling Green New Deal Video

Ocasio-Cortez Releases Puzzling Green New Deal Video

Apr 18, 2019 at 12:17 | Irina Slav

Congresswoman Alexandria Ocasio-Cortez yesterday released a cartoon video with an overview of the Green New Deal she spearheaded in Congress in a bid to arrest the progress of what…

New Alberta Premier Directly Threatens B.C. Over Pipelines

New Alberta Premier Directly Threatens B.C. Over Pipelines

Apr 18, 2019 at 09:33 | Irina Slav

Alberta’s new Premier-designate Jason Kenney has wasted no time in launching his energy agenda: he plans to address British Columbia’s opposition to oil pipeline projects by threatening to turn off…

Venezuela Just Lost One of Its Largest Fuel Suppliers

Venezuela Just Lost One of Its Largest Fuel Suppliers

Apr 17, 2019 at 17:03 | Julianne Geiger

Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters. The fuel was…

How Low Can It Go? Angola’s Oil Exports To Hit Decade Low In June

How Low Can It Go? Angola’s Oil Exports To Hit Decade Low In June

Apr 17, 2019 at 16:11 | Julianne Geiger

Production outages and maintenance are set to push Angola’s oil exports to a 13-year low, according to an industry source quoted by Reuters.  There are just 38 oil cargoes scheduled…

Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020

Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020

Apr 17, 2019 at 15:35 | Tsvetana Paraskova

Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Kuwait…

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…

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