Arab states, including Jordan, Saudi…
The air pollution problem is…
Iran's potential retaliatory measures following…
Mexico will support Pemex by injecting US$3.6 billion into the debt-laden state-held oil firm, including by refinancing debt and cutting taxes, Mexican officials said on Friday. The Mexican government,…
Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela,…
Litasco, the international trading arm of Russia’s second-biggest oil producer Lukoil, stopped its oil swaps deals with Venezuela immediately after the U.S. imposed sanctions on Venezuela’s oil industry and state…
Warren Buffett’s investment firm Berkshire Hathaway acquired 10.8 million shares in Canada’s Suncor during the last quarter of 2018, CNBC reports citing a SEC filing. The release of the…
Venezuela’s Supreme Tribunal of Justice, the country’s Supreme Court, ordered legal action against individuals that opposition leader Juan Guaido announced as the new board members for PDVSA and its U.S.…
Stricter global climate policies could influence Norway’s oil and gas industry and lead to a phase out of oil and gas sooner than previously expected, Oystein Olsen, the Governor of…
India will look into commercial considerations and related factors to determine the value of oil imports from any country, an Indian official said on Thursday, after a top U.S.…
The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016—resurfaced days before the Nigerian presidential elections this weekend, saying that…
France’s Total is the first international oil major to invest in Saudi Arabia’s fuel retail market after signing a deal with oil giant Saudi Aramco to invest US$1 billion…
The BOEM has scheduled a region-wide oil and gas lease sale for the Gulf of Mexico, in which it will offer a total 14,696 blocks spanning 78 million acres,…
The first grid-scale battery storage system in India launched this month, marking the first step of one of the world’s largest energy users to a future in which renewable energy…
Venezuela’s oil production could feasibly fall to just 500,000 barrels per day by year’s end, according to the US State Department’s Special Envoy to Venezuela in a Wednesday hearing…
Turkish exploration ships will soon start drilling for oil and gas offshore the northern part of Cyprus, the energy minister of the Turkish Cypriots told Turkish Anadolu Agency on…
Uganda expects to start pumping oil in 2022, later than a previous target for 2021, because of lack of infrastructure and disagreements over taxes and plans with operators. Uganda is…
U.S. National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country’s Oil Minister Manuel Quevedo said during a surprise…
In a sign things for the oil industry in Canada’s oil industry are improving, albeit slowly, bankruptcies in the industry last year declined by as much as 50 percent compared…
Executives from major U.S. nuclear energy companies met with President Trump yesterday to ask for the administration’s help in expanding abroad, Bloomberg reports, citing sources in the know. It…
New Mexico received US$2.2 billion in revenues from oil production last year, data from the state’s Tax Research Institute showed. This was a 26-percent increase on the year,…
The American Petroleum Institute (API) reported a small crude oil inventory draw of 998,000 barrels for the week ending February 8, close to analyst expectations that predicted a build in…
In an oil market already tighter on heavy crude grades due to OPEC’s production cuts and U.S. sanctions on Iran’s oil, refiners now face an even tighter supply of heavy…