When policymakers both here and…
While U.S. and European automakers…
Earlier this year, the price…
The Trump administration has allocated US$4 million for construction work ahead of the start of oil and gas drilling in the Arctic National Wildlife Refuge, the Department of the…
The Trump administration has allocated US$4 million for construction work ahead of the start of oil and gas drilling in the Arctic National Wildlife Refuge, the Department of the…
Sudan and South Sudan have agreed to jointly repair oil infrastructure that was damaged during the bloody civil war that resulted in the split in 2011, Reuters reports, citing…
Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation…
Some of the world’s biggest oil companies bid aggressively in Brazil’s latest offshore bid round on Thursday, snapping up acreage in three blocks in the coveted pre-salt layer, despite…
OPEC’s efforts to erase the oil glut and lift oil prices paid off as the cartel reaped higher revenues from crude oil exports in 2017, but the spoils were unevenly…
OPEC’s second-largest producer Iraq has taken steps toward selling its crude oil on a delivered basis after it is looking to build its own tanker fleet. At present, most of…
A day before U.S. President Donald Trump pulled the United States out of the Iran nuclear deal, a senior official of the Trump Administration phoned Saudi Arabia to ask it…
Venezuela has released two local Chevron executives that were arrested back in April on corruption allegations, Reuters reports, citing sources from Caracas and Chevron. A source close to Chevron…
The Russian energy and finance ministries agreed with oil companies to start cutting the export duty on crude gradually, to bring it from the current 30 percent to zero over…
Dozens of tankers waiting to load over 24 million barrels of Venezuelan crude are sitting at the country’s main oil export terminal, with the loading delays at almost a month,…
The rise in oil prices moved in tight correlation with the hiring at companies at the heart of the U.S. oil production—Houston—where hiring jumped by 12.4 percent annually in May…
After an initial hesitance over how the returning U.S. sanctions will affect Iran’s oil buyers, European refiners are beginning to wind down purchases from Iran after tanker providers, insurers, and…
The world’s largest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, voted in favor of a proposal to separate Elon Musk’s chairman and CEO roles at Tesla at…
Venezuela’s President Nicolas Maduro has accused the United States of infiltrating senior positions at the Venezuelan oil industry. “There was a process of penetration and infiltration in key positions…
Aramco has raised the prices of its most popular crude oil grades for sale in Asia amid growing worry about supplies from Venezuela and Iran. Bloomberg reports the flagship…
Washington has shelved indefinitely a planned overhaul of the national biofuels policy that sought to reduce costs for the oil industry, two sources told Reuters, saying the move was…
Although Nigeria has managed to restore its oil production to around 1.8 million bpd, following major militant attacks on oil infrastructure in 2016, sabotages in parts of the oil-rich Niger…
As oil prices continues to fall, the American Petroleum Institute (API) reported a draw of 2.028 million barrels of United States crude oil inventories for the week ending June 1,…
Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands as the Ukrainian company seeks to enforce the payment…