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India Ratchets Up Its Renewable Energy Installations

India Ratchets Up Its Renewable Energy Installations

India has ratcheted up renewable energy installations…

U.S. Natural Gas Could Be A Big Winner of The AI Boom

U.S. Natural Gas Could Be A Big Winner of The AI Boom

U.S. natural gas producers and…

News

Gubernatorial Hopeful Ohio Vows To Ban All Oil & Gas Drilling

Gubernatorial Hopeful Ohio Vows To Ban All Oil & Gas Drilling

Feb 19, 2018 at 16:08 | Tsvetana Paraskova

Ohio Democratic gubernatorial candidate Dennis Kucinich—a vocal opponent of fracking—vows to ban all oil and gas drilling in the state, if elected, and even take the industry to court…

Louisiana Port Starts U.S. Crude Oil Exports On Supertankers

Louisiana Port Starts U.S. Crude Oil Exports On Supertankers

Feb 19, 2018 at 15:52 | Tsvetana Paraskova

The Louisiana Offshore Oil Port (LOOP) said on Sunday that it had successfully loaded the first Very Large Crude Carrier (VLCC) with U.S. oil bound for export in what…

Platts: Johan Sverdrup Oil Prime Candidate For Brent Benchmark

Platts: Johan Sverdrup Oil Prime Candidate For Brent Benchmark

Feb 19, 2018 at 15:25 | Tsvetana Paraskova

Oil from the giant Johan Sverdrup field in the North Sea—due to start production in late 2019—is a prime candidate for a future addition to the Brent basket of…

S&P Global Platts Launches Oil Trading Game

S&P Global Platts Launches Oil Trading Game

Feb 19, 2018 at 12:26 | Tsvetana Paraskova

S&P Global Platts has launched a commodities trading game that simulates oil trading in which players can compete for virtual profit for fun and learning. The Market Masters game…

EU Ready To Consider Iran Joining Southern Gas Corridor

EU Ready To Consider Iran Joining Southern Gas Corridor

Feb 19, 2018 at 11:10 | Irina Slav

The European Union is ready to start negotiating Iran’s participation in the Southern Gas Corridor project, the EU’s Vice President for Energy Union Maros Sefcovic told media at the…

Mexico Joins The IEA

Mexico Joins The IEA

Feb 19, 2018 at 10:05 | Irina Slav

Mexico has become the 30th member of the International Energy Agency, the latter announced, welcoming its first Latin American member as part of an open-doors policy aimed at strengthening…

Nigeria Buys 100 Million Liters Of Gasoline To Quell Fuel Shortage

Nigeria Buys 100 Million Liters Of Gasoline To Quell Fuel Shortage

Feb 16, 2018 at 16:00 | Zainab Calcuttawala

A purchase of 100 million liters of gasoline by Nigerian authorities from the spot market on a daily basis will end a two-month fuel shortage in the African country, according…

Iran Ready To Share Its Oil, Gas Resources With India

Iran Ready To Share Its Oil, Gas Resources With India

Feb 16, 2018 at 15:38 | Tsvetana Paraskova

Oil and gas-rich Iran is ready to share its natural resources with India to help its development, Iran’s President Hassan Rouhani said on a visit to India on Friday. “Iran…

Total CEO Dismisses Norway’s Wealth Fund Claims

Total CEO Dismisses Norway’s Wealth Fund Claims

Feb 16, 2018 at 11:59 | Tsvetana Paraskova

Owning shares in integrated oil companies is much more than buying a barrel of oil, so the proposal of Norway’s US$-1-trillion wealth fund to ditch oil stocks because of increased…

Eni Returns To Profit On Higher Oil Prices, New Projects

Eni Returns To Profit On Higher Oil Prices, New Projects

Feb 16, 2018 at 11:47 | Tsvetana Paraskova

New oil and gas project startups and higher oil prices helped Italy’s oil major Eni (NYSE:E) to return to profit in 2017 and more than double fourth-quarter earnings on…

Enbridge Eyes $6.4 Billion In Asset Sale Income

Enbridge Eyes $6.4 Billion In Asset Sale Income

Feb 16, 2018 at 09:36 | Irina Slav

Enbridge plans to divest assets worth US$6.4 billion (C$8 billion) this year, which is more than double the company’s initial divestment plan for the period, sources told the Globe…

Kinder Morgan Gets Green Light On Part Of Trans Mountain Pipeline

Kinder Morgan Gets Green Light On Part Of Trans Mountain Pipeline

Feb 16, 2018 at 09:08 | Irina Slav

Canada’s National Energy Board has given Kinder Morgan the go-ahead to start construction work on a tunnel entrance in British Columbia’s Burnaby Mountain that will be part of the…

Venezuela Looks For Other Markets As U.S. Considers Oil Embargo

Venezuela Looks For Other Markets As U.S. Considers Oil Embargo

Feb 15, 2018 at 15:48 | Julianne Geiger

Venezuela is going to shop around for other buyers of its crude oil, should the United States make good on its threat to impose an oil embargo on the…

India’s January Crude Oil Imports Hit Record High

India’s January Crude Oil Imports Hit Record High

Feb 15, 2018 at 15:46 | Tsvetana Paraskova

High refinery runs and expanding refining capacity amid a strong recovery in demand pushed India’s crude oil imports to a record 4.93 million bpd in January 2018, up by…

WTI-Brent Spread Close To Narrowest In Six Months

WTI-Brent Spread Close To Narrowest In Six Months

Feb 15, 2018 at 15:25 | Tsvetana Paraskova

The premium of Brent over WTI dropped to nearly the lowest in six months in volatile and mixed oil trade on Thursday, in which a weaker dollar and a Saudi…

Maduro Claims Venezuela Lifted Oil Production By 250,000 Bpd

Maduro Claims Venezuela Lifted Oil Production By 250,000 Bpd

Feb 15, 2018 at 15:01 | Tsvetana Paraskova

While analyst estimates and official figures show that Venezuela’s crude oil production continues to plummet amid a severe economic crisis and cash crunch, Venezuelan President Nicolas Maduro—true to his rhetoric--said…

Permian Boosts Texas Oil Reserves, But Total U.S. Reserves Flat

Permian Boosts Texas Oil Reserves, But Total U.S. Reserves Flat

Feb 15, 2018 at 13:18 | Tsvetana Paraskova

The fast-paced development of the Permian basin led to Texas showing the largest net increase in proved reserves of crude oil and lease condensate of all U.S. states between 2015…

OPEC Seeks Capacity Buffer To Counter Dollar-Led Oil Price Jumps

OPEC Seeks Capacity Buffer To Counter Dollar-Led Oil Price Jumps

Feb 15, 2018 at 11:47 | Tsvetana Paraskova

OPEC is encouraging all its members to build buffers of oil production capacity in order to be able to counter this year a surge in oil prices led by a…

Russia, Saudi Arabia Close To Sealing Arctic LNG Deal

Russia, Saudi Arabia Close To Sealing Arctic LNG Deal

Feb 15, 2018 at 09:33 | Irina Slav

Saudi Arabia and Russia may finalize an agreement on the Arctic LNG 2 project in June this year or earlier, Energy Minister Alexander Novak said at the Russian Investment…

Saudi Plans To Double Natural Gas Output In 10 Years

Saudi Plans To Double Natural Gas Output In 10 Years

Feb 14, 2018 at 16:34 | Zainab Calcuttawala

Saudi Arabia plans to double its natural gas production over the next ten years, the country’s energy minister told reporters on Wednesday. “When it comes to natural gas, over…

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