Energy experts and environmentalists express…
In a move that could…
The Kremlin has set an…
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to…
As Brent climbs closer to US$80, Asia’s oil expenses could reach US$1 trillion, Reuters reports, citing robust demand and a stronger greenback. This would likely have a marked negative…
Iran is expecting to see a decline in its crude oil exports to South Korea as a result of U.S. sanctions on tanker transport, the managing director of the National…
British Columbia is planning to take Alberta to court over legislation that will give Alberta the powers to turn the oil taps to B.C. off, B.C.’s PM and Attorney General…
Spain’s oil and gas company Repsol will stop pursuing production growth in its upstream oil and gas division as it is getting ready for the energy transition, Bloomberg reports,…
Total SA has announced it will not go ahead with its South Pars Gas Project (SP11) unless it is granted a specific project waiver by the United States, along with…
For months, the U.S. has signaled that it isn’t ruling out additional sanctions on Venezuela’s oil industry alongside the strict financial sanctions already in place, and oil analysts say that…
A senior Iranian oil official asked Chinese state oil buyers this week to continue their oil import levels of Iran’s crude after the U.S. sanctions on Tehran return later this…
China’s crude oil inventories rose by 65.3 percent between March and April, or by 37.84 million barrels, on the back of lower refinery throughput rates and higher imports, S&P Platts…
ConocoPhillips has embargoed two cargoes of crude oil and fuel at a storage terminal in Aruba operated by Venezuelan PDVSA’s U.S. subsidiary Citgo, Reuters reports citing the Aruba government.…
A US$31.1-billion (C$40-billion) LNG project in British Columbia could begin construction by the end of the year as rising oil prices have improved the investment capacity of the companies…
The Brazilian government may grant state-run oil firm Petrobras an additional 1 billion-2 billion barrels of oil to settle a long-running dispute over offshore reserves in an offshore area in…
As the price of Brent Crude hit multi-year highs earlier today, the American Petroleum Institute (API) reported a surprise build of 4.854 million barrels of United States crude oil inventories…
Amid a desperate economic and humanitarian crisis in Venezuela, its socialist leader Nicolas Maduro is trying to shore up support from the few allies it has left, and has had…
Norway expects its gas export prices to drop next year from the 2017 and 2018 levels as Europe will buy more liquefied natural gas (LNG) from other sources, the Norwegian…
While the oil industry and market are still assessing the impact of the U.S. withdrawal from the Iran nuclear deal and the re-imposition of sanctions, the biggest hurdle to Iran’s…
Ten tankers carrying various oil products are sitting anchored across the Caribbean awaiting payment for the delivery from Venezuela’s PDVSA, unnamed sources told S&P Platts. The vessels hold more than…
Tesla is undergoing a major reorganization that includes streamlining activities and functions to improve its performance, the company confirmed after the Wall Street Journal reported it, citing an internal…
The biggest energy company in Portugal— EDP-Energias de Portugal SA—is expected to reject a US$10.9 billion (9.1 billion euro) offer from its largest shareholder China Three Gorges that seeks to…
Russia’s largest oil producer, state-controlled Rosneft, reported on Monday a sevenfold jump in its net profit for Q1 2018, on the back of significantly higher oil prices compared to…