China's steel industry faces challenges…
Trump's two primary campaign promises,…
The world's economic myths, especially…
Venezuelan state energy giant PDVSA expects its refineries to run at 44 percent capacity in August due to crude supply issues, Reuters reported on Tuesday. At maximum output, the…
The American Petroleum Institute (API) reported a surprise build of 1.779 million barrels in United States crude oil inventories, compared to S&P Global Platts survey of analysts who expected…
Russian oil output is down 307,600 barrels per day, compared to October levels, according to the country’s oil minister. “At the end of July 2017, the reduction of oil…
A Royal Dutch Shell refinery in Rotterdam will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend, according to…
Japan has filed a protest with China after noticing activity from Chinese mobile drilling ships in a gas-rich area near the East China Sea’s Senkaku Islands that are controlled by…
Energy Transfer Partners is selling a 32.44-percent stake in an entity of Rover Pipeline Project to Blackstone Energy Partners for around US$1.57 billion, while the US$4.2-billion Rover natural…
The autonomous Iraqi region of Kurdistan has not been informed of plans by the central government that Iraq and Iran agreed to study the potential construction of a pipeline that…
BP reported underlying profit on a replacement cost basis of US$684 million for the second quarter of the year, down from US$1.5 billion for the first quarter. On an…
A new project by Alphabet Inc.’s clandestine X lab could put salt and antifreeze at the center of battery technologies for renewable energy sources. A decade ago, this lab made…
Russia has been trying to create an exclusive futures market for its Urals grade crude, but the initiative faces opposition from trading houses and a lack of interest from foreign…
Peace talks between community leaders in the Niger Delta and Abuja are now in jeopardy, according to a new report by Reuters. Local officials told a press conference in…
The University of Maiduguri will continue to do research activities for potential oil exploration in the Chad Basin despite last week’s attack by Boko Haram terrorists who kidnapped an oil…
The U.S. government is discussing sanctions against Venezuela’s oil industry after yesterday’s Constituent Assembly election that Washington’s UN ambassador Nikki Haley called a “sham”. According to sources who spoke…
Iraq and Iran have reached an agreement to commission a feasibility study of a crude oil pipeline that would export oil from Iraq’s northern fields in Kirkuk via Iran,…
Saudi Arabia is considering changing the way it taxes Aramco, the state oil giant, in a bid to boost oil revenues in case oil prices rise. Bloomberg quotes sources…
The energy sector recovery boosted the Canadian economy in May, giving the nation the fastest level of growth since October 2000, according to a new report by The Canadian…
As expected, Chevron Corporation (NYSE:CVX) returned to a net profit in the second quarter, driven by lower expenses and higher production, but the earnings per share of US$0.77…
Ecuador’s government has reached an agreement with Schlumberger to start repaying a debt accumulated over the last few years, according to a Reuters report. The government also said the…
Adnoc will offer Japanese energy companies that hold concessions for fields in the Emirates new terms and conditions as part of a renegotiation of the concessions, the company’s CEO
The Saudi Arabia-led coalition and the Yemeni government blocked four oil tankers from entering the Hudaidah port on the Red Sea, in a move that will likely worsen the…