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Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered has predicted global…

The Global Economic System is Reaching Its Limits

The Global Economic System is Reaching Its Limits

The world's economic myths, especially…

News

Enbridge Pipeline Expansion Finally Approved

Enbridge Pipeline Expansion Finally Approved

Oct 17, 2017 at 11:17 | Irina Slav

Enbridge will be able to double the capacity of its Line 67 crude oil pipeline from Edmonton, in Alberta, to Superior, Wisconsin, after the U.S. State Department granted it…

Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk

Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk

Oct 17, 2017 at 10:15 | Tsvetana Paraskova

Iraq’s government forces completed on Tuesday an operation to seize control of all oil fields that Iraqi state-held North Oil Company operates in the oil-rich Kirkuk region from Kurdish forces,…

OPEC Oil Deal Compliance Falls To 86%

OPEC Oil Deal Compliance Falls To 86%

Oct 17, 2017 at 09:45 | Irina Slav

Amid a fresh oil price rally, albeit a moderate one, on the back of events in Kurdistan, the head of the International Energy Agency said that OPEC’s compliance rate with…

U.S. Oil Production To Increase in November As Rig Count Falls

U.S. Oil Production To Increase in November As Rig Count Falls

Oct 16, 2017 at 16:50 | Julianne Geiger

U.S. oil production is set to increase in November, according the Energy Information Administration’s (EIA) Drilling Productivity Report published on Monday. (Click to…

Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal

Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal

Oct 16, 2017 at 14:24 | Tsvetana Paraskova

Russia’s oil producer Gazprom Neft is ‘holding its nose’ to the OPEC/non-OPEC production cut deal because it has made the company cut its production growth targets, Gazprom Neft’s first deputy…

Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes

Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes

Oct 16, 2017 at 13:20 | Tsvetana Paraskova

Venezuela’s President Nicolas Maduro claimed victory in a regional election on Sunday in a surprise win defying opinion polls, but the opposition refused to recognize the outcome, decrying fraud,…

EU Urges U.S. Congress To Protect Iran Nuclear Deal

EU Urges U.S. Congress To Protect Iran Nuclear Deal

Oct 16, 2017 at 12:34 | RFE/RL staff

European Union foreign ministers have closed ranks in support of the Iran nuclear agreement, warning that U.S. President Donald Trump's threats to abandon the multinational accord jeopardize efforts to find…

Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing

Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing

Oct 16, 2017 at 10:10 | Tsvetana Paraskova

An oil rig exploded on Sunday evening in Lake Pontchartrain just north of New Orleans, leaving 7 people injured, one missing, and crude oil possibly leaking into the lake,…

Aramco Says No Plans To Shelve IPO

Aramco Says No Plans To Shelve IPO

Oct 16, 2017 at 09:45 | Irina Slav

Following an FT report from Friday, Saudi Aramco tweeted on Saturday that it had no intention of shelving its plan for an initial public offering in 2018. The company…

Trump Passes Iran Nuclear Deal Back to Congress

Trump Passes Iran Nuclear Deal Back to Congress

Oct 13, 2017 at 15:16 | Damir Kaletovic

U.S. President Donald Trump is officially withdrawing his certification of Iranian compliance with the nuclear deal, in what is being billed as part of a tougher strategy on Iran. For…

Texas Shutters More Coal-Fired Plants

Texas Shutters More Coal-Fired Plants

Oct 13, 2017 at 15:15 | Tsvetana Paraskova

In a sign that coal-fired power plants are in a weaker position to compete in the Texas electricity generation market, Vistra Energy said on Friday that it would close…

Oil Trading Firm Expects Unprecedented U.S. Crude Exports

Oil Trading Firm Expects Unprecedented U.S. Crude Exports

Oct 13, 2017 at 14:09 | Tsvetana Paraskova

U.S. crude oil exports hit an all-time high at the end of September, and are poised to surge even more to hit unprecedented levels in the coming two or three…

UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change

UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change

Oct 13, 2017 at 11:55 | Irina Slav

The UK’s Financial Conduct Authority’s chief admitted that the watchdog met with executives from Saudi Aramco several months prior to its proposal to change the listing rules for the…

Chevron Quits Australian Deepwater Oil Exploration

Chevron Quits Australian Deepwater Oil Exploration

Oct 13, 2017 at 09:28 | Irina Slav

Chevron has decided to drop its US$500-million exploration program in the Great Australian Bight off the coast of South Australia as low oil prices make the commercial viability of…

Europe Braces For End Of Iran Nuclear Deal

Europe Braces For End Of Iran Nuclear Deal

Oct 12, 2017 at 17:14 | Damir Kaletovic

Europe is scrambling to come up with a contingency plan in the face of a U.S. threat to end the nuclear deal with Iran—a move that lends a high level…

Renewable Energy Startup Powering Native American Protest Camp

Renewable Energy Startup Powering Native American Protest Camp

Oct 12, 2017 at 17:08 | Zainab Calcuttawala

BoxPower, a Princeton-based renewable energy startup, is powering the campsite of a Native American tribe protesting the construction of the Pilgrim oil pipeline. Princeton entrepreneurs Angelo Campus and…

Husky Energy Set To Restart Pipeline

Husky Energy Set To Restart Pipeline

Oct 12, 2017 at 17:01 | Julianne Geiger

Husky Energy (TSE: HSE) received a greenlight to restart its pipeline after successfully undergoing testing, inspection, and evaluation of a previously ruptured pipeline, according to local media. Last July,…

Russia, Morocco Sign String Of Energy And Military Deals

Russia, Morocco Sign String Of Energy And Military Deals

Oct 12, 2017 at 16:48 | RFE/RL staff

Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military,…

Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs

Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs

Oct 12, 2017 at 15:34 | Tsvetana Paraskova

The government of the global leader in EVs adoption, Norway, proposed on Thursday to trim some of the tax breaks for the heaviest electric vehicles (EVs) in a move…

China Set To Continue Crude Oil Buying Spree, IEA Says

China Set To Continue Crude Oil Buying Spree, IEA Says

Oct 12, 2017 at 14:02 | Tsvetana Paraskova

Although Chinese oil stocks data is opaque and hard to come by, various sources peg China’s storage capacity at up to 1 billion barrels, and assuming the estimate is accurate…

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