A suspected Iranian spy ship…
Western trade restrictions on China's…
The UK's generation of electricity…
It may sound a bit strange amid rising oil prices that one of the largest oil companies in the world is boasting it can break even at below US$40 a…
Government data indicates American output hit an all-time high last week, signaling the resilience of North American drilling as oil prices begin another recovery. The U.S. produced 9.62 million barrels of…
Citigroup predicts that companies planning to profit off of an OPEC deal extension next month are setting themselves up to be disappointed. So far, most hedge funds bet that…
U.S. Senators Debbie Stabenow and Gary Peters of Michigan are raising serious concerns about the conditions of Enbridge’s Line 5 Pipeline running through the Straits of Mackinac and are
ConocoPhillips (NYSE:COP) plans to extend share buybacks for another year to boost capital spending to $5.5 billion annually through 2020, based on a flat real WTI price of…
A source at a state-run natural gas company in Tajikistan has told media that they are finalizing negotiations to resume the import of gas from Uzbekistan after a five-year hiatus.…
In a rather unexpected move, China raised the crude oil import quotas for “non state trade”—basically for independent refiners—by 55 percent for 2018 compared to 2017, signaling that it could…
After months of negotiations, Shell has agreed to hand over its stake in Iraq’s large Majnoon oil field to state-held Basra Oil Company by the end of the first half…
Crude oil production in the Bakken shale in North Dakota has been experiencing some major challenges lately, but it is firmly on the growth path, said the state’s Department of…
The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw…
The $2.8 billion Venezuelan bond deal made by Goldman Sachs, which brought the bank harsh criticism from its peers and activists, is now making the Wall Street major a
Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators, according to OPEC. The annual release of the…
After selling part of its Canadian downstream business, Chevron is now betting on Canadian shale development in a welcome move for the local oil industry that has seen oil majors…
BP has helped Mexico to carry out its annual oil hedge program in which the country spent the equivalent of $1.25 billion to lock in oil export prices for 2018,…
The independent audit of how much oil reserves Saudi Aramco really has is taking longer than initially planned—not because of surprises, but because the Saudis want to make sure that…
The energy ministries of Iraq and Iran are negotiating the shipment of crude oil from the fields around Kirkuk to the Kermanshah refinery in Iran, the head of SOMO, Alaa…
Refiners in the U.S. are contemplating a claim that the addition of butane to gasoline qualifies for a US$0.50 per-gallon tax credit. The liquefied petroleum gas was defined as an…
Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday. The price of the stake in Eni…
Nigeria would back an extension of OPEC’s production cut deal to the end of 2018 “as long as the right terms are on the table” relative to Abuja’s planned economic…
Bonds sold by the Venezuelan government and its state-owned oil company PDVSA moved in opposite directions on Monday as speculation about an upcoming default grew. President Nicolas Maduro’s regime may…