Higher oil prices are expected…
Chinese FX outflows, often underreported…
Azerbaijan has benefited from the…
Petroperu announced the restart of a crude oil pipeline that has been shut for a year for urgent repairs after a series of leaks. The 687-mile piece of infrastructure,…
The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels…
Kuwait is green-lighting the development of non-associated gas fields after seven years of delays, according to a new report by S&P Global Platts, in a move that would more…
The Minnesota Public Utilities Commission is starting to hold on Tuesday public hearings on the certificate of need and route permit applications for Enbridge’s Line 3 project, in what…
China is dusting off a plan to create a natural gas pipeline company and is working with state oil giants on the project, Reuters reported on Tuesday, citing three…
French oil giant Total SA chief executive said on Monday the company was not in a rush to join the foreign exodus from Canada’s oil sands sector. During a call with analysts,…
Secretary of Energy Rick Perry has approached the National Petroleum Council to help find effective applications of carbon capture technology in oil and gas production, Reuters reports, citing a…
The months-long protests against the construction of a section of the Dakota Access crude oil pipeline will cost the state of North Dakota around US$39 million, after the state’s Emergency…
West Texas Intermediate hit US$52.22 a barrel yesterday at the close of trade, up by 3 percent as favorable factors combined to push up international benchmarks. Brent crude settled…
The lucrative Permian Basin still holds between 60 and 70 billion barrels of unharvested oil, IHS Markit Ltd said this week. The recoverable resources in the basin shared by…
Petrobras creditors have agreed to swap $6.22 billion in Petroleo Brasiliero bonds that are due between 2019 and 2021 for long-term securities, allowing Brazil’s state-owned oil company to lower…
While OPEC and Russia are leading the production cut deal, Russia’s estimates for $40 oil doesn’t bode well for the future of the output pact that the cartel and a…
OPEC should approach Libya and Nigeria, the two exempted OPEC members who were allowed to continue raising their crude oil output despite the November 2016 deal, Iran’s Oil Minister Bijan…
Chevron will invest some US$4 billion in 2018 to increase its crude oil output in the Permian, a senior Chevron manager said at a conference on Monday, in a…
U.S.-backed Syrian forces have seized a Conoco gas plant from Islamic State in the oil-rich Deir Ezzor area, depriving the militants from an important revenue source. Kurdish-led Syrian Democratic…
Negotiations between Baghdad and Shell regarding the company’s possible exit from the Majnoon oilfield are still continuing, Iraqi Oil Minister Jabbar al-Luiebi said on Sunday. The official added that…
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its…
Landfills in Colorado have begun to fill their space with low-level radioactive substances from oil and gas activities, state health officials have said, according to the local news site…
Phillips 66 Partners (NYSE:PSXP), the master limited partnership of Phillips 66, said on Friday that it would buy assets from Phillips 66 (NYSE:PSX) in a deal valued…
The Chiba District Court in Japan has ordered Tokyo Electric Power Company Holdings, or Tepco, to pay damages to a group of Fukushima prefecture residents who were forced to…