India has ratcheted up renewable energy installations…
The Financial Times, citing unnamed…
U.S. natural gas producers and…
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…
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…
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 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…
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 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…
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…
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…
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…
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 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…
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 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…
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…
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…
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…
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 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…
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 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…