U.S. oil prices surpass $80…
New research from Goehring and…
Chalmers University researchers introduce an…
Sudan, a relatively small African oil producer plagued by economic hardships since South Sudan seceded in 2011, wants to attract oil investments and will launch an exploration bid round next…
France aims to lead the European Union (EU) efforts in defying U.S. sanctions on Iran, by supporting the creation of a payment mechanism to keep trade with Iran and making…
Salesforce’s chief executive, Marc Benioff asked in a tweet Elon Musk to dig a tunnel under San Francisco, days after the Tesla CEO, who is also head of The…
While analysts were busy calculating how much Iranian oil will come off the market with the U.S. sanctions and whether Saudi Arabia and Russia are offsetting losses, crude oil production…
Pipeline operator Plains All American said it had expanded the capacity of its network in Texas, launching its Sunrise pipeline from the Permian to Cushing, Oklahoma, which boosted overall daily…
Canada’s Imperial Oil is preparing to launch the first new oil sands development in five years in Alberta, the company, which is a subsidiary of Exxon, said in a
The American Petroleum Institute (API) reported a crude oil inventory build this week, this time of 7.83 million barrels for the week ending November 2. The build was the fifth…
Iran is calling on OPEC to have its two committees set up to monitor compliance with the OPEC+ deal and review the state of the oil market stop working immediately,…
Brazilian state-run oil firm Petrobras (NYSE:PBR) reported on Tuesday a net income for Q3 surging more than 20 times compared to the profit for the same quarter last year…
Qatar Investment Authority will pay some US$4.2 billion (3.7 billion euro) for a 14.16-percent stake in Russia’s biggest oil producer Rosneft, thus becoming the third-largest single shareholder after the…
The United Nations Security Council voted to extend until February 15, 2020 the mandate of the Panel of Experts who oversee the sanctions targeting the illicit export of crude…
South Korea will resume Iranian crude oil imports at a rate of about 4 million barrels a month, S&P Global Platts reports, citing three unnamed South Korean sources. At…
After suspending all shipments of Iranian crude to Japanese refineries ahead of the November 5 launch of U.S. sanctions against Tehran, Japanese refiners are now preparing to resume Iranian oil…
U.S. gasoline prices dropped last week from the previous week by the most this year to their lowest level since April, according to GasBuddy, which monitors U.S. gas prices.…
Iraq’s semi-autonomous region of Kurdistan has recently upgraded its oil export pipeline, boosting its capacity to 1 million bpd from 700,000 bpd, to accommodate future production growth from the region,…
China will continue its trade with Iran and opposes the U.S. sanctions on the Islamic Republic as unilateral and “long-arm jurisdiction,” a spokeswoman for the Chinese foreign ministry said…
The Rhum gas field in the UK North Sea—in which a unit of the National Iranian Oil Company holds 50 percent—will continue operations after meeting the final condition under the…
Turkey will not allow other countries to drill for gas in Turkish or northern Cyprus waters in the eastern Mediterranean, Turkey’s President Recep Tayyip Erdogan warned on Sunday, as…
Nigeria’s state oil company is mulling over the signing of two more oil swap deals, with Exxon and Shell, after last week it sealed an oil-for-products deal with BP, Reuters…
The United States has decided to issue temporary allotments to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey to continue importing Iranian oil, due to the specific countries’…