Precious metal prices surge, particularly…
ExxonMobil continues to expect that…
British multinational oil & gas…
India imported 21.02 million tons of crude last month, the highest number in at least seven years and a 10.5-percent increase from October 2017, data from the oil ministry
Saudi Arabia sealed deals with Chinese oil importers that will see the Kingdom’s exports to China rise to 1.67 million barrels daily in 2019, Reuters reports, citing a statement…
The American Petroleum Institute (API) reported a surprise crude oil inventory draw this week, of 1.545 million barrels for the week ending November 16. The draw this week was the…
The UK’s Business, Energy and Industrial Strategy Minister Claire Perry said on Tuesday that “solar power should not be provided to the grid for free,” signaling that the UK…
Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik…
Although the U.S. waivers for Iran’s key oil customers were a relief to the oil market, the world’s economy is still very fragile and skimpy overall spare capacity remains an…
The Trump administration is considering adding Venezuela to its list of countries sponsoring terrorism in the latest pressure increase on Caracas, Reuters reports, citing a person familiar with the…
After reports that South Korea would restart its imports of Iranian crude, now sources familiar with refiners’ plans in both South Korea and Japan, have told Reuters both countries…
The U.S. Department of the Treasury imposed sanctions on Monday on the Russia-born, South African national Vladlen Amtchentsev, for having advised North Korea on how to evade U.S. sanctions.…
Thanks to falling costs, unsubsidized onshore wind and solar have become the cheapest sources of electricity generation in nearly all major economies in the world, including India and China, according…
Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining…
Nigeria’s opposition presidential candidate Atiku Abubakar promises to boost Nigerian upstream oil and gas production and downstream production by attracting more investments, if he is elected president in the…
The UK’s Foreign Minister Jeremy Hunt is visiting Tehran this week to discuss, among other things, the nuclear deal that Iran agreed to sign with six world powers back in…
Over 280,000 people took to the roads and streets in France this weekend to protest higher prices at the pump caused by a higher taxes on fuels that are part…
The Permian is driving the second U.S. shale revolution and has become the hottest shale play in the country, but this Permania has had an adverse effect on Texas and…
Even if some Japanese refiners resume Iranian oil purchases thanks to the U.S. waiver, refiners have just a small window to clear all related transactions, so they are likely to…
The UK’s draft withdrawal agreement for leaving the European Union lacks clarity, which could be damaging to the UK oil and gas industry with increased costs for retaining skilled workers,…
Gradually increasing oil production and the higher oil prices this year are helping South Sudan to generate more foreign exchange reserves, according to Deng Tor Ngor, governor of South…
Tesla has reduced the prices for its household solar power systems to improve sales, Reuters reports, citing the company’s senior vice president for energy operations, Sanjay Shah. The price…
The Indian government is eyeing proceeds of more than US$2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC,…