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LME's Russian Metal Ban Reshapes Global Trade Dynamics

LME's Russian Metal Ban Reshapes Global Trade Dynamics

The London Metal Exchange's ban…

Fossil Fuels Hit All-Time Low in UK Electricity Generation

Fossil Fuels Hit All-Time Low in UK Electricity Generation

The UK's generation of electricity…

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Aramco Eyes Stake in Chinese Petrochemical Firm

Saudi Arabia’s oil giant, in…

News

Niger Delta Militants Threaten Nigerian Oil Facilities

Niger Delta Militants Threaten Nigerian Oil Facilities

Jun 20, 2018 at 16:35 | Tsvetana Paraskova

A relatively unknown group in the Niger Delta is threatening to stop production at oil facilities of the Nigerian Agip Oil Company (NAOC) in the area, saying that a…

Saudi Arabia Intercepts Houthi Missile Targeting Aramco Facility

Saudi Arabia Intercepts Houthi Missile Targeting Aramco Facility

Jun 20, 2018 at 15:54 | Tsvetana Paraskova

Saudi Arabia has intercepted a ballistic missile that the Iran-aligned Houthi rebels claimed to have fired at an Aramco facility, Saudi state television reports. Houthi-run media outlet Almasirah

Mexico Announces Bid Terms For Next Oil Tender

Mexico Announces Bid Terms For Next Oil Tender

Jun 20, 2018 at 15:27 | Irina Slav

Mexico’s National Hydrocarbons Commission has announced the bid terms for the September 27 oil and gas tender, which will offer 37 onshore blocks, Reuters reports. The terms include a…

U.S.-Led Coalition Kills ISIS Chief Of Oil Smuggling

U.S.-Led Coalition Kills ISIS Chief Of Oil Smuggling

Jun 20, 2018 at 15:06 | Tsvetana Paraskova

The U.S-led coalition fighting Islamic State has killed the leader of the militants responsible for its oil and gas smuggling operations, Combined Joint Task Force Operation Inherent Resolve officials

Iran Rejects Possibility of Oil Production Increase

Iran Rejects Possibility of Oil Production Increase

Jun 20, 2018 at 11:57 | Irina Slav

Iran does not believe any increase in OPEC crude oil production is necessary, not even a moderate one of half a million barrels. That’s what the country’s Oil Minister Bijan…

Memo Reveals Extent Of Activist Billionaire’ Anti-Exxon Involvement

Memo Reveals Extent Of Activist Billionaire’ Anti-Exxon Involvement

Jun 20, 2018 at 09:33 | Irina Slav

A leaked memo obtained by the Daily Caller has suggested billionaire activist Tom Steyer was more deeply involved in the anti-Exxon campaign that was launched by New York’s Attorney…

Oil Prices Steady After API Reports Crude Draw, Gasoline Build

Oil Prices Steady After API Reports Crude Draw, Gasoline Build

Jun 19, 2018 at 15:49 | Julianne Geiger

As oil prices continue to fall, the American Petroleum Institute (API) reported a draw of 3.016 million barrels in crude oil inventories for the week ending June 15, compared to…

Anadarko Staff In Mozambique Under Lockdown Due To Islamist Militant Attacks

Anadarko Staff In Mozambique Under Lockdown Due To Islamist Militant Attacks

Jun 19, 2018 at 13:38 | Tsvetana Paraskova

Anadarko Petroleum’s personnel at a planned liquefied natural gas (LNG) plant in northern Mozambique have been placed under ‘lock-down’ due to safety reasons, following Islamist militant attacks in the area,…

Iran Plans 400,000 Bpd Increase In Oil Field Capacity

Iran Plans 400,000 Bpd Increase In Oil Field Capacity

Jun 19, 2018 at 13:08 | Irina Slav

Iran plans to increase the production capacity of its oil fields by 400,000 bpd, state news agency Irna reports, quoting National Iranian Oil Company’s deputy head Gholamreza Manouchehri. Russia’s…

Nigeria Struggles To Sell Its Crude

Nigeria Struggles To Sell Its Crude

Jun 19, 2018 at 11:08 | Irina Slav

Nigeria is sitting on between 20 and 34 million barrels of unsold crude, Nigerian media report, quoting a Platts survey of tenders for July loadings. This goes counter to…

Musk: Tesla Employee Sabotaged Operations

Musk: Tesla Employee Sabotaged Operations

Jun 19, 2018 at 09:49 | Irina Slav

An employee of Tesla has sabotaged the company’s operations by changing code in an internal product and sharing company data with third parties, chief executive Elon Musk wrote in an…

ExxonMobil Looks To Build LNG Import Terminal Off Australia’s East Coast

ExxonMobil Looks To Build LNG Import Terminal Off Australia’s East Coast

Jun 18, 2018 at 17:46 | Tsvetana Paraskova

ExxonMobil plans to develop a project to import liquefied natural gas (LNG) on Australia’s east coast that has been suffering from gas shortages lately. The U.S. supermajor is planning…

Egypt Raises Fuel Prices By Up To 50%

Egypt Raises Fuel Prices By Up To 50%

Jun 18, 2018 at 17:23 | Tsvetana Paraskova

Egypt is hiking gasoline prices by up to 50 percent, as it is seeking to meet reform requirements for funds extended by the International Monetary Fund (IMF), but the…

Israel Arrests, Indicts Former Energy Minister For Spying For Iran

Israel Arrests, Indicts Former Energy Minister For Spying For Iran

Jun 18, 2018 at 17:08 | Tsvetana Paraskova

Israeli police and secret services have arrested a former energy minister and charged him with spying for Iran and helping an enemy during war time, the Shin Bet security…

Teenagers Design ‘Electric Rain’ Machine To Produce Energy

Teenagers Design ‘Electric Rain’ Machine To Produce Energy

Jun 18, 2018 at 16:34 | Tsvetana Paraskova

A ninth-grade Azerbaijani student has come up with an idea to develop a device that will produce energy from rainwater, aiming to solve the problem of access to energy…

Audi CEO Takes The Fall On VW Emissions Scandal

Audi CEO Takes The Fall On VW Emissions Scandal

Jun 18, 2018 at 15:26 | Safehaven.com

Audi may be Volkswagen’s luxury arm, but it’s still part of the emissions scandal body, and the arrest Monday of the Audi CEO in Germany on fears he might try…

Goldman Sachs Affirms Bullish View On Oil Prices

Goldman Sachs Affirms Bullish View On Oil Prices

Jun 18, 2018 at 15:11 | Tsvetana Paraskova

Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth…

Employee Exposed To Radiation At Idaho Nuclear Waste Site

Employee Exposed To Radiation At Idaho Nuclear Waste Site

Jun 18, 2018 at 12:24 | Irina Slav

At a time when nuclear power is on the skids in the United States, an employee of Fluor Idaho, the operator of the Radioactive Waste Management facility in the state,…

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Fighting Cuts Libyan Oil Storage Capacity By 400,000 Barrels

Jun 18, 2018 at 09:29 | Irina Slav

Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set…

Venezuela Oil Production May Sink To 1 Million Bpd As Early As This Year

Venezuela Oil Production May Sink To 1 Million Bpd As Early As This Year

Jun 15, 2018 at 16:32 | Tsvetana Paraskova

Venezuela’s plummeting oil production is nearing the psychological threshold of just 1 million bpd as early as this year, analysts and industry experts tell Platts. Venezuela’s production plummeted again…

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