Tokyo Institute of Technology researchers…
U.S. oil prices surpass $80…
The total number of active…
The crude oil futures market has felt the rise of U.S. crude oil exports with growing volumes of West Texas Intermediate futures and options traded in Asian and European hours,…
BP said on Thursday that it had started up ahead of schedule its Thunder Horse Northwest Expansion project in deepwater Gulf of Mexico, adding 30,000 bpd to the Thunder…
Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company,…
Poland’s main gas firm PGNiG has signed a 20-year agreement with U.S. Venture Global LNG, under which the Polish energy firm will receive 2 million tons of U.S. liquefied…
The authorities of Zhoushan, an island city in eastern China, said they were in talks with Exxon on the construction of an ethylene plant worth US$7 billion, Reuters reported…
The United States is mulling over more sanctions against Venezuela, but crude oil exports will not be among the sanction subjects, Reuters reports, quoting a Washington official. The source…
Kinder Morgan has decided to shelve its Utica Marcellus Texas Pipeline project, the company said at the presentation of its third-quarter financial results. Instead, Kinder Morgan said, it will…
Reliance Industries has stopped importing Iranian crude oil ahead of U.S. sanctions against Tehran that enter into effect on November 4, a senior company official told Reuters. He added…
Due to operational divergences and geopolitical divisions, Saudi Arabia and Kuwait haven’t made any progress in talks about the potential restart of jointly operated oil fields that analysts were hoping…
Traders in Europe are not rushing to the 2019 tenders for fuel oil, expecting wild price volatility in the prices of both high-sulfur and low-sulfur fuel oil next…
Kuwait Petroleum Corp (KPC) has set the official selling prices (OSPs) for its new Super Light Crude grade at a premium to a similar Saudi grade for October and November,…
Saudi Arabia has added 3 million bpd of oil export capacity to its West Coast on the Red Sea after the upgrade of Saudi Aramco’s Yanbu South Terminal, the state…
OPEC has urged all its members not to mention specific oil prices, to instead stick to the ‘market stability’ narrative in public comments about oil policies to avoid the risk…
Nevada Senator Dean Heller has proposed lifting the tax credit ceiling for electric cars, Reuters reports, citing the text of the proposal, which has not yet been made public.…
The breakeven price for Qatari crude oil has risen to US$47.10 per barrel this year from US$24.20 a barrel ten years ago, a Gulf think-tank has calculated. The Gulf Times…
As the timeline for repair works on Enbridge’s ruptured gas pipeline remains uncertain, British Columbia may experience natural gas shortages for months and well into the winter, and such…
The American Petroleum Institute (API) reported a surprise draw of 2.13 million barrels of United States crude oil inventories for the week ending October 12, compared to analyst expectations that…
Mexico wants Big Oil to start producing from the recently discovered oil fields in Mexico as soon as possible, incoming President Andrés Manuel López Obrador told foreign executives at a…
Mangalore Refinery and Petrochemicals, a subsidiary of India’s Oil and Natural Gas Corporation (ONGC), expects India to receive this month a waiver from the U.S. sanctions on Iranian oil,…
Major UK companies, including banks and retailers, are pledging to invest hundreds of millions of British pounds to cut their carbon footprint and to support new energies, the UK government…