Despite some crude inventory builds…
Precious metal prices surge, particularly…
Tensions between Israel and Iran…
Lukoil will begin to shift its focus towards domestic production by selling off its Italian refinery complex, two oil industry sources told Reuters on Wednesday. The move is part…
Russia, the only global power that has not called for canceling of next week’s Kurdish referendum on independence, is the largest contributor of funds for oil and gas deals in…
Oil prices rose by 1 percent on Wednesday morning and were set for the biggest third-quarter gain since 2004, as investors weighed the renewed talk of possible deeper OPEC cuts,…
India’s Reliance Industries—which operates the world’s biggest refining complex—is planning a major capacity expansion of the site to increase crude oil processing capacity to around 2 million bpd, from the…
If Saudi authorities decide this year which foreign stock market will be the venue of what would be the biggest IPO in history, and if the government finalizes energy subsidy…
The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only…
Taiwan will no longer offer its fossil fuels to North Korea, the island announced on Tuesday in a bid to emerge as a responsible member of the international community. Taiwan…
South Sudanese authorities reported the deaths of at least 25 people on Tuesday following a clash between government forces and rebel groups in the oil-producing regions in the north…
The Lebanese Parliament voted into law on Tuesday legislation that regulates the tax regime from oil and gas operations in the country, in a milestone law for bidders in…
India’s three major state-held oil refining and marketing firms—Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)—will increase borrowings to keep their large dividend payments and…
Independent E&P Gulf Keystone, whose operations are concentrated in Kurdistan, said it has enough cash flow to invest in further crude oil output production in the region. In the
Oil traders have started to divert fuel shipments from their original destination in Venezuela as Hurricane Maria approaches the Caribbean, Reuters vessel tracking data has shown. Yet the hurricane,…
Ethnic tensions are heating up in Kirkuk, the center of northern Iraq’s oil industry, ahead of an independence referendum that the Kurdistan Regional Government has slated for September 25.…
Petrobras plans to offer U.S.-dollar denominated global notes in one or more series for a total principal amount of up to US$2 billion, and to purchase or exchange five series…
Kuwait’s struggle with oil spills continues in September as the state news agency reports the clean-up of another leak off the southern coast on Monday, as the nation tries…
Algerian oil and gas laws need an upgrade if it is to attract foreign investors, according to the North African country’s government petroleum company, Sonatrach. Sonatrach CEO Abdelmoumen Ould…
Commodity trader Vitol has raised its export prepayment loans to Kazakhstan’s state oil firms to US$5 billion, boosting further its primary position in lifting Kazakh oil at a time when…
Saudi Arabia plans to soon issue contract tenders for a 1,000-mile railway between the Red Sea and the Persian Gulf, and to extend links to serve oil giant Aramco, Saudi…
Oil workers in Nigeria stopped on Monday the loading of oil products, natural gas, and aviation fuel as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) joined an…
Less than two years after it returned to the international oil markets, Iran is quick to embrace the alternative of oil: renewable energy sources. The country’s Deputy Energy Minister, Houshang…