The U.S. government has multiple…
Despite Congress passing new sanctions…
Polish President Andrzej Duda has…
The U.S. sanctions on Venezuela from late last month cut off more heavy and sour crude oil supply to the global market, leading to the lowest premium of quality light…
The city of Munich in southern Germany plans have all its electricity produced from 100 percent renewable sources by 2025, but that plan has led to opposition much farther…
Forces loyal to Libya’s eastern strongman General Khalifa Haftar have killed at least 19 people in southern Libya during their campaign to secure oil fields in the area, Mohamed Linu,…
Marathon Oil said on Monday that it would be exiting the UK North Sea as it continues to focus on high-return U.S. shale oil operations. Houston-based Marathon Oil has…
Commodity trading major Vitol expects crude oil prices to rise further as U.S. sanctions on Venezuela and OPEC production cuts squeeze the global supply of heavy crude, Vitol’s chief executive,…
Exxon is trying to block an investor initiative seeking to force the supermajor to commit to a reduction in harmful emissions, two of these investors told Reuters. The company,…
The United Arab Emirates’ main export crude blend, Murban, has recorded a four-month stretch of selling at a discount to the official selling price of Emirati crude in Asia because…
U.S. crude oil production hit a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly…
Militants have attacked Anadarko’s LNG project in Mozambique in what is the first attack on the oil and gas industry in the African country, Bloomberg reports, citing Portuguese news…
ExxonMobil has forged a digital partnership with Microsoft to use cloud technology to increase oil production and profitability in its key growth area, the Permian, the U.S. oil supermajor
A deal between Tullow Oil and local Kenyan authorities that would allow the oil company to pump water for the wells and that would be crucial to the final investment…
Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China, Reuters reports, citing…
The number of greenfield oil and gas projects to get their final investment decision could rise threefold on 2018, Norwegian energy consultancy Rystad Energy has forecast. Most of these will…
After last October it suffered a 70-percent slump in car sales in China, now Tesla is racing to regain lost market share by releasing its flagship Model 3 on…
A car blast killed at least 10 oil workers and fighters from a U.S.-backed Kurdish force battling Islamic State in eastern Syrian on Thursday, Reuters reported, citing residents and…
Devon Energy has said that it will be looking to sell its Canadian assets to become a high-return U.S. oil growth business in what analysts described as a ‘long-overdue’ announcement…
A top U.S. official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday,…
Nigeria has asked the international oil majors operating in the country to pay a total of almost US$20 billion in outstanding taxes and royalties that it says is owed to…
Following the U.S. sanctions, Venezuela’s oil inventories have swelled to a five-year high, The Wall Street Journal reported on Thursday, citing satellite data—a sign that Venezuelan oil buyers are…
Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to…