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News

Guaido Set To Open Venezuela’s Oil Sector To Private Firms

Guaido Set To Open Venezuela’s Oil Sector To Private Firms

Feb 05, 2019 at 14:01 | Tsvetana Paraskova

Juan Guaidó, the Venezuelan opposition leader recognized as the country’s interim president by the U.S. and several major European countries, plans to drop the requirement that Venezuela’s state oil firm…

Tesla Model 3 Shipment Arrives In Europe  

Tesla Model 3 Shipment Arrives In Europe  

Feb 05, 2019 at 13:59 | Tsvetana Paraskova

Tesla is a step closer to imminently starting Model 3 deliveries in Europe as the first cargo ship loaded with its sedans arrived at a Belgian port last night,…

Iran Criticizes Europe For Not Buying Its Oil Despite U.S. Waivers

Iran Criticizes Europe For Not Buying Its Oil Despite U.S. Waivers

Feb 05, 2019 at 13:13 | Tsvetana Paraskova

Despite having obtained U.S. waivers to continue importing Iranian oil, Italy and Greece have stopped buying Iran’s crude, Iranian Oil Minister Bijan Zangeneh said on Tuesday. “Among the Europeans,…

Russia’s Rosneft Says Venezuela’s PDVSA Still Owes It $2.3B

Russia’s Rosneft Says Venezuela’s PDVSA Still Owes It $2.3B

Feb 05, 2019 at 12:00 | Tsvetana Paraskova

Last year, Venezuela repaid US$2.3 billion of the loan it had received from Rosneft years ago, but the Latin American country still owes another US$2.3 billion, excluding interests, Rosneft

7 Million Barrels Of Venezuelan Crude Sit In Gulf Of Mexico

7 Million Barrels Of Venezuelan Crude Sit In Gulf Of Mexico

Feb 05, 2019 at 10:00 | Irina Slav

Tankers carrying as much as 7 million barrels of Venezuelan heavy crude are sitting in the Gulf of Mexico awaiting some semblance of clarity on how the situation in the…

Oil Pipeline Shut, Four Anti-Pipeline Activists Arrested In Minnesota

Oil Pipeline Shut, Four Anti-Pipeline Activists Arrested In Minnesota

Feb 05, 2019 at 09:10 | Irina Slav

Four people were arrested in Minnesota yesterday for attempting to shut down an oil pipeline operated by Enbridge, the Associated Press reports, citing a spokeswoman for the group as…

EU Mulls More Sanctions, But Not Oil Embargo, On Venezuela

EU Mulls More Sanctions, But Not Oil Embargo, On Venezuela

Feb 04, 2019 at 17:54 | Tsvetana Paraskova

The European Union (EU) is mulling over imposing more sanctions on Venezuela, but those sanctions will not be targeting the oil sector, as the bloc looks to punish individuals, not…

Russia Says Its Gasoline Prices Are Europe’s Cheapest

Russia Says Its Gasoline Prices Are Europe’s Cheapest

Feb 04, 2019 at 17:37 | Tsvetana Paraskova

Gasoline prices in Russia are the cheapest in Europe, a report by state news agency RIA Novosti showed on Monday. RIA Rating collected and ranked the price of gasoline…

UK Oil Company Asks Govt To Amend “Unworkable” Fracking Rules

UK Oil Company Asks Govt To Amend “Unworkable” Fracking Rules

Feb 04, 2019 at 16:31 | Tsvetana Paraskova

UK’s oil, gas, and chemicals group Ineos called on the UK government on Monday to either lift the seismicity limit on fracking from a currently “unworkable” and too-low ceiling,…

California Tailpipe Emissions Problem Worsens Despite Best Efforts

California Tailpipe Emissions Problem Worsens Despite Best Efforts

Feb 04, 2019 at 16:25 | Irina Slav

Tailpipe exhaust emissions in California are on the rise despite the state’s reputation as a leader in climate change initiatives, ranging from cleaner fuels and carpooling, to the highest EV…

Chinese LNG Imports Beat Another Record

Chinese LNG Imports Beat Another Record

Feb 04, 2019 at 13:24 | Irina Slav

China’s liquefied natural gas imports broke another record last month amid rising stockpiles that made some importers nervous, Reuters reports, citing industry sources as well as vessel-tracking data. The…

Musk Reminds The World Tesla’s Patents Are Public For Saving The Earth

Musk Reminds The World Tesla’s Patents Are Public For Saving The Earth

Feb 04, 2019 at 11:05 | Tsvetana Paraskova

Elon Musk has reminded his huge Twitter following that all Tesla patents are public and the electric vehicle (EV) maker would “not initiate patent lawsuits against anyone who, in…

IS Attacks Oil-Guarding Security Forces In Iraq

IS Attacks Oil-Guarding Security Forces In Iraq

Feb 04, 2019 at 09:03 | Irina Slav

Two attacks by the Islamic State in Iraq occurred this weekend, targeting oil police and other security forces, local media report. "One member of an oil police unit died…

Polar Vortex Tests U.S. Natural Gas, Electric Systems

Polar Vortex Tests U.S. Natural Gas, Electric Systems

Feb 01, 2019 at 16:52 | Tsvetana Paraskova

Natural gas and electricity networks in the United States have proved resilient during the polar vortex this week, while natural gas futures prices even dropped during one of the…

Venezuela’s Citgo Dismisses Report It Considers Bankruptcy

Venezuela’s Citgo Dismisses Report It Considers Bankruptcy

Feb 01, 2019 at 13:50 | Tsvetana Paraskova

One of the large refiners in the U.S., Citgo Petroleum, owned by Venezuela’s state oil company PDVSA, has denied a report that it was considering filing for bankruptcy, among…

Exxon Q4 Earnings Beat Estimates On Higher Production

Exxon Q4 Earnings Beat Estimates On Higher Production

Feb 01, 2019 at 11:29 | Tsvetana Paraskova

ExxonMobil (NYSE:XOM) reported on Friday earnings for the fourth quarter easily beating forecasts thanks to production growth, signaling that the Q4 oil price drop didn’t erode Big Oil’s profits…

Exxon, Qatar Petroleum Continue $10-Bln LNG Project Without ConocoPhillips

Exxon, Qatar Petroleum Continue $10-Bln LNG Project Without ConocoPhillips

Feb 01, 2019 at 11:08 | Irina Slav

Exxon and Qatar Petroleum will proceed with a US$10-billion expansion of their Golden Pass LNG import terminal in Texas to turn it into an export facility as well, Reuters

European Buyers Halt Venezuelan Crude Purchases

European Buyers Halt Venezuelan Crude Purchases

Feb 01, 2019 at 10:44 | Irina Slav

European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to be announced by the…

BP Vows To Expand Emissions Reporting

BP Vows To Expand Emissions Reporting

Feb 01, 2019 at 09:34 | Irina Slav

BP will expand its reporting on carbon emissions under investor pressure and as the company seeks to improve its public standing amid increasingly urgent calls for climate action from…

U.S. Treasury Specifies Sanctions On Venezuelan Oil Imports

U.S. Treasury Specifies Sanctions On Venezuelan Oil Imports

Feb 01, 2019 at 08:09 | Irina Slav

Non-U.S. companies buying crude oil from Venezuela’s embattled state oil company PDVSA have until April 28 to wind down their purchases, the U.S. Treasury Department said in a note

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