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ING Chief Economist Calls for Further Rate Cuts in China

ING Chief Economist Calls for Further Rate Cuts in China

China's consumer inflation was lower…

OPEC Expects Solid Global Oil Demand This Summer

OPEC Expects Solid Global Oil Demand This Summer

OPEC expects strong oil in…

Small Banks Significantly Boost Loans to Oil And Gas Firms

Small Banks Significantly Boost Loans to Oil And Gas Firms

Regional banks BOK Financial, Citizens…

News

GM Korea Faces Ultimatum: Bankruptcy Or Investment

GM Korea Faces Ultimatum: Bankruptcy Or Investment

Mar 27, 2018 at 12:33 | Irina Slav

GM Korea is preparing to file for bankruptcy if the management fails to reach an agreement with the company’s local labor union over a restructuring program that has to…

Thousands of Jobs At Risk As Nigerian Oil Industry Crumbles

Thousands of Jobs At Risk As Nigerian Oil Industry Crumbles

Mar 27, 2018 at 09:58 | Irina Slav

Thousands of oil workers in Nigeria may lose their jobs after a wave of picketing against several service companies from the industry from members of the Petroleum and Natural…

Canada Slams Husky Energy With 10 Spill-Related Charges

Canada Slams Husky Energy With 10 Spill-Related Charges

Mar 27, 2018 at 08:52 | Irina Slav

The Canadian Department of Environment is charging Husky Energy with nine counts of environmental damage related to an oil spill that occurred in 2016, and the province of Saskatchewan…

Tesla Slows Down Deliveries In Key Market Norway

Tesla Slows Down Deliveries In Key Market Norway

Mar 26, 2018 at 17:57 | Tsvetana Paraskova

Tesla is slowing down deliveries in one of its most important markets, Norway, because of logistics constraints, chief executive Elon Musk said over the weekend. “I have just asked our…

Has Ford Run Out Of Gas In China?

Has Ford Run Out Of Gas In China?

Mar 26, 2018 at 17:55 | Safehaven.com

As its rivals enjoy strong gains in a burgeoning Chinese auto market, Ford Motor Co. is failing because it was late to this game.  Ford’s sales in China, the world’s…

Barclays: Iran Could Find Other Buyers For Its Oil If Sanctions Tighten

Barclays: Iran Could Find Other Buyers For Its Oil If Sanctions Tighten

Mar 26, 2018 at 17:44 | Tsvetana Paraskova

Iran could do a lot of different things to kind of skirt possible tighter sanctions on its oil sector, such as sending oil to different places, Michael Cohen, head of…

Mexico’s Oil Reserves Drop Again Despite Recent Discoveries

Mexico’s Oil Reserves Drop Again Despite Recent Discoveries

Mar 26, 2018 at 16:11 | Tsvetana Paraskova

Mexico’s proven oil and gas reserves dropped again last year, after new certified discoveries—mostly by private foreign operators—were unable to keep pace with current production. According to data by…

Algeria To Lure Oil Companies With Tax Incentives

Algeria To Lure Oil Companies With Tax Incentives

Mar 26, 2018 at 14:12 | Irina Slav

Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North African country’s oil and gas industry. The government…

Russia, Qatar Forge Closer Ties In Oil, Gas, Research

Russia, Qatar Forge Closer Ties In Oil, Gas, Research

Mar 26, 2018 at 13:25 | Irina Slav

The Qatari Foundation for Education, Science, and Community Development has struck a partnership deal with Russia’s Rosneft to set up a research center focused on the energy industry. The announcement…

Poland Detains Official On Russian Spying Allegations

Poland Detains Official On Russian Spying Allegations

Mar 26, 2018 at 11:29 | Irina Slav

The Polish secret services have detained a government official on allegations he had been spying for Russia, informing Moscow about Poland’s plans on how to put the brakes on the…

Saudis: American Investors Will Have A Chance To Buy Into Aramco

Saudis: American Investors Will Have A Chance To Buy Into Aramco

Mar 26, 2018 at 10:04 | Tsvetana Paraskova

U.S. investors will have the chance to buy shares of Saudi oil giant Aramco when it launches its initial public offering, Saudi Arabia’s Energy Minister Khalid al-Falih said over…

Apache Makes Another North Sea Oil Discovery

Apache Makes Another North Sea Oil Discovery

Mar 23, 2018 at 18:01 | Zainab Calcuttawala

U.S.-based Apache made a 10 million-barrel light oil discovery in the North Sea on Friday, according to a new press release. The Garten discovery is just a few miles away…

Trump Signs $1.3 Trillion Spending Bill With No Clean Energy Cuts

Trump Signs $1.3 Trillion Spending Bill With No Clean Energy Cuts

Mar 23, 2018 at 17:50 | Zainab Calcuttawala

President Donald Trump signed a $1.3 trillion spending bill on Friday that will prevent a government shutdown without the funding cuts to the Department of Energy, Environmental Protection Agency…

Duke Energy To Invest $36B In Renewables, Grid Modernization

Duke Energy To Invest $36B In Renewables, Grid Modernization

Mar 23, 2018 at 17:42 | Tsvetana Paraskova

One of the largest U.S. energy holding companies, Duke Energy, plans to invest US$36 billion to expand its renewables and natural gas power generation and to modernize the electric…

Lukoil: OPEC Deal Should Extend Into 2020 If US Oil Continues To Soar

Lukoil: OPEC Deal Should Extend Into 2020 If US Oil Continues To Soar

Mar 23, 2018 at 14:56 | Tsvetana Paraskova

If U.S. oil production continues to boom at the current pace, OPEC and Russia should extend their production cut pact into 2020, Leonid Fedun, the vice president of Russia’s…

Vietnam Halts Oil Project In South China Sea

Vietnam Halts Oil Project In South China Sea

Mar 23, 2018 at 13:34 | Tsvetana Paraskova

Vietnam has suspended a second oil drilling project in the South China Sea in less than a year, after pressure from China which claims a large swath of the sea,…

British Columbia Offers Tax Breaks To LNG Canada Project

British Columbia Offers Tax Breaks To LNG Canada Project

Mar 23, 2018 at 12:36 | Tsvetana Paraskova

The British Columbia government is offering the LNG Canada project tax breaks that boost the chances of the plan to get a final investment decision from its joint venture…

No Big Oil Conspiracy On Climate Change, Judge Says In Shocking Ruling

No Big Oil Conspiracy On Climate Change, Judge Says In Shocking Ruling

Mar 23, 2018 at 08:59 | Irina Slav

There has been no conspiracy by Big Oil to suppress climate change facts, District Judge William Alsup said at a court hearing on the suit brought against several Big…

Tesla Model 3 Faces Manufacturing Crisis

Tesla Model 3 Faces Manufacturing Crisis

Mar 22, 2018 at 18:50 | Zainab Calcuttawala

The manufacturing of Model 3 sedans has slowed significantly in recent weeks, according to a report by Clean Technica. CEO Elon Musk had promised to produce 2,500 Model 3…

Cenovus Energy Reduces Oil Production Due To Shipping Difficulties

Cenovus Energy Reduces Oil Production Due To Shipping Difficulties

Mar 22, 2018 at 18:44 | Zainab Calcuttawala

Canada’s Cenovus Energy announced a planned slowdown in production due to shipping difficulties out of critical production areas, according to a new report by Bloomberg. Cenovus’ Christina Lake and…

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