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News

U.S. Fuel Economy Standards Led To Big Savings, Lower Emissions

U.S. Fuel Economy Standards Led To Big Savings, Lower Emissions

Sep 03, 2020 at 16:36 | Michael Kern

The U.S. fuel economy standards, one of the longest-running energy regulations in the United States, have led to big savings for consumers and helped cut greenhouse gas emissions and America’s…

Robot Dogs Could Be The Next Big Thing For Miners

Robot Dogs Could Be The Next Big Thing For Miners

Sep 03, 2020 at 15:13 | MINING.com

Geospatial technology company Carlson Software and Ghost Robotics announced that they have…

Rosneft Says It Is Not Supplying Oil Products To North Korea

Rosneft Says It Is Not Supplying Oil Products To North Korea

Sep 03, 2020 at 14:24 | Tsvetana Paraskova

Russia’s largest oil producer, state-controlled Rosneft, said on Thursday in response to a media report that it does not ship petroleum products to North Korea and does not do…

One Injured, One Missing As Oil Tanker Catches Fire Off Sri Lanka

One Injured, One Missing As Oil Tanker Catches Fire Off Sri Lanka

Sep 03, 2020 at 13:06 | Charles Kennedy

One person was injured and another went missing after an oil tanker carrying crude oil from Kuwait to India caught fire east of Sri Lanka, the Sri Lanka Navy

Liberty Looks To Dethrone Halliburton In Oilfield Services Sector Shakeup

Liberty Looks To Dethrone Halliburton In Oilfield Services Sector Shakeup

Sep 03, 2020 at 11:40 | Irina Slav

Liberty Oilfield Services (NYSE:LBRT) aims to become the largest provider of hydraulic fracturing services, replacing Halliburton (NYSE:HAL) at the top, the company’s chief executive told Bloomberg in an…

China’s Oil Giants Announce Net-Zero Ambitions

China’s Oil Giants Announce Net-Zero Ambitions

Sep 03, 2020 at 10:32 | Tsvetana Paraskova

China’s largest state-held oil firms have recently announced plans to reduce emissions, with the biggest oil and gas producer PetroChina even pledging net-zero greenhouse gas emissions by 2050, the first…

Iraq Denies Report It Sought OPEC Cut Exemption

Iraq Denies Report It Sought OPEC Cut Exemption

Sep 03, 2020 at 09:29 | Charles Kennedy

Iraq is not seeking an exemption from the OPEC+ production cuts, the country’s oil ministry said in a statement following a Reuters report that suggested OPEC’s number-two was seeking…

Oil Prices Hit Hard By Lower Refinery Runs

Oil Prices Hit Hard By Lower Refinery Runs

Sep 02, 2020 at 16:25 | Julianne Geiger

Oil prices took a tumble on Wednesday post-EIA report, despite a favorable crude inventory report that showed oil inventories in the United States had shrunk by nearly ten million barrels.…

U.S. Jet Fuel Demand Recovers Faster Than Expected

U.S. Jet Fuel Demand Recovers Faster Than Expected

Sep 02, 2020 at 13:40 | Charles Kennedy

Jet fuel demand in the United States is recovering faster than in many other regional markets such as Europe and Asia minus China, the U.S. Energy Information Administration (EIA)

Oil Major Exxon Considers Global Job Cuts

Oil Major Exxon Considers Global Job Cuts

Sep 02, 2020 at 12:36 | Charles Kennedy

ExxonMobil is considering cutting jobs worldwide on a country-by-country basis, a spokesman for the U.S. oil supermajor told Reuters on Wednesday, after the firm began a voluntary redundancy program…

50% Of Hard-Rock Miners Are Losing Money As Lithium Prices Slump

50% Of Hard-Rock Miners Are Losing Money As Lithium Prices Slump

Sep 02, 2020 at 11:35 | MINING.com

Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from its multi-year…

Iraq Looks To Be Exempted From OPEC+ Cuts In Q1 2021

Iraq Looks To Be Exempted From OPEC+ Cuts In Q1 2021

Sep 02, 2020 at 10:32 | Tsvetana Paraskova

Iraq has asked OPEC to be exempted from oil export cuts in the first quarter of 2021, the oil minister of OPEC’s second-largest producer and the least compliant member of…

Suspicious Package Removed From Pipeline Site In Texas

Suspicious Package Removed From Pipeline Site In Texas

Sep 02, 2020 at 09:27 | Charles Kennedy

A suspicious package was “neutralized” by law enforcement agents at the construction site of a pipeline in Texas, Reuters reported, noting that there was no immediate information provided as…

Turkey Says It’s Open To Dialogue With Greece To End Drilling Dispute

Turkey Says It’s Open To Dialogue With Greece To End Drilling Dispute

Sep 02, 2020 at 08:41 | Charles Kennedy

Turkey said on Tuesday that it was open to dialogue with its neighbor Greece to end the dispute over the oil and gas resources in the eastern Mediterranean and the…

Tesla Plans To Sell $5 Billion In Shares As Stock Rallies

Tesla Plans To Sell $5 Billion In Shares As Stock Rallies

Sep 01, 2020 at 17:02 | Tsvetana Paraskova

Tesla plans to sell additional common stock worth up to US$5 billion and has hired Wall Street’s biggest banks as sales agents, the EV maker said on Tuesday, days…

Oil Rallies After API Reports Large Draw In Crude, Gasoline Inventories

Oil Rallies After API Reports Large Draw In Crude, Gasoline Inventories

Sep 01, 2020 at 15:52 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 6.360 million barrels for the week ending August 28. Analysts had predicted an inventory draw…

Iraq’s Crude Oil Exports Drop In August

Iraq’s Crude Oil Exports Drop In August

Sep 01, 2020 at 14:22 | Tsvetana Paraskova

Iraq’s crude oil exports fell in August compared to July, as OPEC’s second-largest producer is reducing supply in an attempt to comply with the OPEC+ production cut pact, which it…

Iran Says Oil, Petrochemicals Investment Hit $10B In Five Months

Iran Says Oil, Petrochemicals Investment Hit $10B In Five Months

Sep 01, 2020 at 12:55 | Charles Kennedy

Oil and petrochemical investment in Iran has reached US$10 billion since the beginning of the Iranian calendar year in March, the Islamic Republic News Agency (IRNA) reported on Tuesday,…

UAE’s August Oil Production Rises Above OPEC Limits

UAE’s August Oil Production Rises Above OPEC Limits

Sep 01, 2020 at 11:39 | Tsvetana Paraskova

The United Arab Emirates (UAE), currently OPEC’s third-largest producer, increased its oil production in August to above its quota as per the OPEC+ deal as electricity demand soared in the…

North Korea Could Store Up To 1-Year Of Crude Oil Supplies

North Korea Could Store Up To 1-Year Of Crude Oil Supplies

Sep 01, 2020 at 10:39 | Michael Kern

North Korea could have oil storage capacity of up to 1.5 million tons or almost 11 million barrels—an amount that could last it a full year if the country gets…

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