WTI crude hangs above $80…
Governments must prioritize energy efficiency…
Energy experts and environmentalists express…
Russia and Saudi Arabia have reaffirmed their commitment—and that of the OPEC+ group—to increase crude oil production by 1 million bpd, Bloomberg reports, citing a joint announcement by Energy Ministers…
Rhode Island yesterday filed a lawsuit against 21 oil companies, including Exxon, Chevron, and ConocoPhillips, for contributing to climate change that is hurting the state’s coastline, marine ecosystem, and economy,…
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian…
Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would…
Indian refiners are preparing for any scenario in case they won’t be able to import any Iranian crude oil as the United States steps up pressure on countries to bring…
BP and its partners have started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan which is the starting point of the Southern Gas Corridor for gas supplies…
Tesla has hit its target of producing 5,000 Model 3 sedans weekly, just as CEO Elon Musk promised investors at the release of the company’s Q1 financial results, Electrek
Iran will allow private companies to start exporting crude oil as part of its efforts to counter U.S. sanctions against its oil industry, Reuters reports, quoting the country’s First…
Saudi Arabia has increased its oil production this month by 700,000 bpd to 10.70 million bpd, very close to its highest-ever production of 10.72 million bpd from November 2016, a…
Wall Street analysts don’t think that Tesla will have reached its goal of manufacturing 5,000 Model 3s per week by the end of June, according to a Bloomberg survey…
The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen…
The Minnesota Public Utilities Commission has approved the proposed replacement of Enbridge’s Line 3 pipeline despite the vocal environmentalist opposition. The decision should provide some relief to Canadian oil…
The recovery in oil prices helped Alberta reduce its budget deficit by US$2.11 billion (C$2.8 billion) in financial 2017/18, to US$6.04 billion (C$8 billion), the province’s Finance Minister said…
A tanker at Libya’s Hariga oil port has been refused docking because it had no permission from the Eastern Libya authorities, a source from Arabian Gulf Oil Company, which operates…
Saudi Aramco has closed a joint venture deal with U.S. National Oilwell Varco for the construction of a rig and equipment manufacturing facility in Saudi Arabia, media report, adding…
U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of…
The United States will work with countries importing Iranian oil on a case by case basis to get as many of them as possible “down to zero” by early November,…
India’s oil ministry has told local refiners to get ready for a “drastic reduction or zero” oil imports from Iran, industry sources told Reuters on Thursday, a sign that…
Geneva Energy Markets, a leading oil derivatives trader has liquidated its trading book after it incurred “significant losses” after its clearing bank’s insistence that it reduce its holdings, the FT…
Turkey will not heed the State Department’s call on U.S. allies to stop importing Iranian crude oil by November 4, when the latest sanctions will kick in. “The decisions taken…