Exxon and CNOOC have merged…
The U.S. government is investing…
The European Union is considering…
Due to lack of a payment mechanism, Taiwanese firm Formosa Petrochemical will not be buying Iranian oil despite a U.S. waiver to do so, and will replace part of its…
Iranian oil exports are set to drop off very soon, Special Representative for Iran Brian Hook said at a press briefing on Thursday. The ‘maximum pressure’ campaign of the…
Tesla and other electric vehicle (EV) companies in China send as many as 61 real-time data points, typically without the drivers’ knowledge, to monitoring centers backed by the Chinese government,…
Higher prices and continued shale resource development helped push U.S. crude oil and natural gas proved reserves to new record highs in 2017, the Energy Information Administration (EIA) said in…
Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, how…
Volkswagen plans to build a factory for affordable electric vehicles in the United States, the company’s new head of North American operations, Scott Keogh told media at an industry event,…
Montana District Judge Brian Morris, who earlier this month ordered the suspension of work on the controversial Keystone XL crude oil pipeline, has now allowed TransCanada to conduct preliminary activities…
The Government of Alberta has been forced into buying more oil trains to move crude from the province, the Calgary Sun reports, quoting Premier Rachel Notley as describing the…
Exxon has inked a 12-year deal with Danish renewable energy company Orsted to buy 500 MW of electricity produced by solar and wind farms to power its oil production in…
Russia is comfortable with the current level of oil prices at around $60 a barrel, Russian President Vladimir Putin said at an investment forum on Wednesday, also thanking Saudi…
Iran halted late on Tuesday gas exports to neighboring Iraq for several days, in order to repair pipeline damages caused by an earthquake near the Iraqi border on Sunday night,…
Argentina hopes to sign this weekend a deal with China to build its fourth nuclear power plant, Juan Pablo Tripodi, head of Argentina’s investment agency, told Reuters—a move that…
Reports that Tesla’s vehicle sales in China plunged by 70 percent last month is “misleading information” because of the opaque and not always accurate sales numbers coming out of China,…
Iraq is increasingly edging out resellers of its Basra crude grades on the spot market as its state oil marketing company SOMO aims to have greater share…
Mexico’s Pemex has reevaluated the reserves contained at its Ixachi discovery and now estimates its 2P (proven and probable) reserves at 750 million barrels of oil equivalent, S&P Global Platts…
Iran and China have found a way for China to continue buying Iranian crude and pay for it without risking a U.S. sanction breach, an Iranian official said, as
The UK plans to launch its first carbon capture, utilization and storage project by the middle of next decade after the initial CCUS momentum died out earlier in the current…
Germany’s oil industry body doesn’t plan at the moment to ask for more releases from the national reserves to ease tight oil product supply caused by logistical hurdles due to…
The American Petroleum Institute (API) reported a crude oil inventory build of 3.453 million barrels for the week ending November 23, compared to analyst expectations that we would see a…
Saudi Arabia’s plans to build a nuclear power plant will speed up the Kingdom’s economic development as it would diversify its over-reliance on crude oil, a Saudi energy expert told…