The fluctuating prices in response…
Energy experts and environmentalists express…
Sam Altman and Andreessen Horowitz…
Canadian crude-by-rail exports jumped to a record in June 2018, exceeding 200,000 bpd for the first time and nearly doubling compared to June last year, Canada’s National Energy Board…
Crude oil trucking from the oil fields in the northern Kenyan county of Turkana to Mombassa resumed on Thursday, after local residents agreed to let trucks move out of…
The sovereign wealth fund of Saudi Arabia is set to pick a number of international banks to lend it as much as US$12 billion, after the listing of oil giant…
Rosneft has asked a U.S. federal court to establish “a robust appraisal and sale process” of Citgo shares following Canadian miner Crystallex’ win at court against the parent company of…
China’s offshore oil and gas firm CNOOC reported on Thursday a 57-percent jump in its consolidated net profit for the first half of 2018, booking the best half-year…
The European Union is looking favorably at a proposal by Germany’s Foreign Minister Heiko Maas to set a SWIFT-like payment system between the union and Iran as a way of…
Matthias Krull, a German national, entered a guilty plea today for his role in the $1.2 billion PDVSA embezzlement case. Krull, formerly managing director and vice chairman of Swiss bank…
The ongoing expansion of the U.S.-Mexico cross-border natural gas pipeline capacity provides an additional outlet for the constrained Permian production in West Texas, but delays in some projects on the…
Kuwait expects to soon sign deals on the development of the oil fields that it shares with its neighbors Saudi Arabia and Iraq, official Kuwait News Agency (KUNA) quoted…
Sales of Tesla in the Netherlands have been surging this year as a tax incentive on electric vehicles is set to expire at the end of the year. So far…
There are no plans to tender transferred rights to develop oil-producing fields by the end of this year, Brazil’s deputy energy minister Marcio Felix said, as quoted by Reuters.…
The U.S. Treasury Department has sanctioned two Russian shipping companies on allegations of violating sanctions against North Korea by participating in ship-to-ship transfer of oil products to North Korean…
The American Petroleum Institute (API) reported an extra-large oil inventory draw of 5.17 million barrels of United States crude oil inventories for the week ending August 18, compared to analyst…
Iraq’s oil exports from its southern ports are heading for a new record this month if they continue the pace set so far in August, which would be the second…
The world’s biggest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, can remain a shareholder in Tesla under the fund’s governing rules if the EV maker becomes private, the…
India’s government has asked its largest state-held firm Oil and Natural Gas Corporation (ONGC) to seek the listing of its overseas operations unit ONGC Videsh, in a bid to raise…
The United States is set to release 11 million barrels of oil from its Strategic Petroleum Reserves (SPR) ahead of Iranian sanctions that are set to go into effect…
TransCanada has filed eminent domain petitions for two private land parcels along the route of its Keystone XL pipeline, South Dakota daily Rapid City Journal reported, adding that at…
Venezuela’s state-owned oil company, PDVSA, has struck an agreement with oil storage facilities operator NuStar to resume the use of a terminal on the Caribbean island of St. Eustatius, Reuters…
ConocoPhillips said on Monday that it had reached a settlement with Venezuela’s state-owned oil firm PDVSA to recover the full US$2-billion amount that an international court awarded it earlier…