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How Long Will the Gold Rally Last?

How Long Will the Gold Rally Last?

Precious metal prices surge, particularly…

Why Shell Has Soured on The London Stock Exchange

Why Shell Has Soured on The London Stock Exchange

British multinational oil & gas…

News

India’s Oil Imports Hit 7-Year High In October

India’s Oil Imports Hit 7-Year High In October

Nov 21, 2018 at 11:35 | Irina Slav

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 To Raise Oil Shipments To China

Saudi Arabia To Raise Oil Shipments To China

Nov 21, 2018 at 09:42 | Irina Slav

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…

Oil Prices Halt Slide After API Reports Small Crude Draw

Oil Prices Halt Slide After API Reports Small Crude Draw

Nov 20, 2018 at 15:53 | Julianne Geiger

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…

UK Solar Energy Policy Could See Some Radical Changes

UK Solar Energy Policy Could See Some Radical Changes

Nov 20, 2018 at 14:09 | Tsvetana Paraskova

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 Kirkuk Could Reach 400,000 Bpd

Iraq’s Oil Exports From Kirkuk Could Reach 400,000 Bpd

Nov 20, 2018 at 13:59 | Tsvetana Paraskova

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…

IEA Extends Warning To Oil Markets

IEA Extends Warning To Oil Markets

Nov 20, 2018 at 13:45 | Tsvetana Paraskova

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…

Washington Might Include Venezuela In ‘Sponsors Of Terrorism’ List

Washington Might Include Venezuela In ‘Sponsors Of Terrorism’ List

Nov 20, 2018 at 10:25 | Irina Slav

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…

Japan, South Korea To Resume Iranian Oil Shipments In January

Japan, South Korea To Resume Iranian Oil Shipments In January

Nov 20, 2018 at 09:37 | Irina Slav

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…

U.S. Sanctions Russian-born S. African Who Helped North Korea Buy Oil

U.S. Sanctions Russian-born S. African Who Helped North Korea Buy Oil

Nov 19, 2018 at 17:57 | Tsvetana Paraskova

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.…

Wind, Solar Are Now The Cheapest Sources Of Power Generation

Wind, Solar Are Now The Cheapest Sources Of Power Generation

Nov 19, 2018 at 17:54 | Tsvetana Paraskova

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 Creates Oil Refining, Trading Giant

Oman Creates Oil Refining, Trading Giant

Nov 19, 2018 at 17:49 | Tsvetana Paraskova

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 Candidate Vows To Boost Oil Investments

Nigeria’s Opposition Candidate Vows To Boost Oil Investments

Nov 19, 2018 at 15:53 | Tsvetana Paraskova

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…

UK Foreign Minister Goes To Iran To Discuss Nuclear Deal

UK Foreign Minister Goes To Iran To Discuss Nuclear Deal

Nov 19, 2018 at 13:06 | Irina Slav

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…

280,000 Protest Fuel Tax In France

280,000 Protest Fuel Tax In France

Nov 19, 2018 at 11:42 | Irina Slav

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…

Oil Companies Get Together To Help ‘Oil Boom’ States

Oil Companies Get Together To Help ‘Oil Boom’ States

Nov 19, 2018 at 09:43 | Irina Slav

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…

Japan Might Soon Stop Buying Iranian Crude

Japan Might Soon Stop Buying Iranian Crude

Nov 16, 2018 at 15:42 | Tsvetana Paraskova

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…

Unclear Brexit Deal Could Damage UK Oil Industry

Unclear Brexit Deal Could Damage UK Oil Industry

Nov 16, 2018 at 15:37 | Tsvetana Paraskova

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,…

South Sudan Says Recovering Oil Production Boosts FX Reserves

South Sudan Says Recovering Oil Production Boosts FX Reserves

Nov 16, 2018 at 15:11 | Tsvetana Paraskova

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 Cuts Solar System Prices To Boost Sales

Tesla Cuts Solar System Prices To Boost Sales

Nov 16, 2018 at 10:52 | Irina Slav

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…

India Looks To Sell $2 Billion Stake In State Held Oil Majors

India Looks To Sell $2 Billion Stake In State Held Oil Majors

Nov 16, 2018 at 10:33 | Irina Slav

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,…

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