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The U.S. Pipeline Industry Is Booming

The U.S. Pipeline Industry Is Booming

U.S. oil and gas production…

Saudi Arabia’s Biggest Geopolitical Error

Saudi Arabia’s Biggest Geopolitical Error

Saudi Arabia’s intervention in Yemen…

News

Russia: Production Cuts Are Needed To Stabilize Oil Markets

Russia: Production Cuts Are Needed To Stabilize Oil Markets

Nov 29, 2018 at 11:04 | Tsvetana Paraskova

Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, how…

Volkswagen Plans EV Factory In U.S.

Volkswagen Plans EV Factory In U.S.

Nov 29, 2018 at 10:28 | Irina Slav

Volkswagen plans to build a factory for affordable electric vehicles in the United States, the company’s new head of North American operations, Scott Keogh told media at an industry event,…

Judge Lets TransCanada Do Preliminary Work On Keystone XL

Judge Lets TransCanada Do Preliminary Work On Keystone XL

Nov 29, 2018 at 09:36 | Irina Slav

Montana District Judge Brian Morris, who earlier this month ordered the suspension of work on the controversial Keystone XL crude oil pipeline, has now allowed TransCanada to conduct preliminary activities…

Alberta Forced To Buy Oil Trains

Alberta Forced To Buy Oil Trains

Nov 29, 2018 at 09:21 | Irina Slav

The Government of Alberta has been forced into buying more oil trains to move crude from the province, the Calgary Sun reports, quoting Premier Rachel Notley as describing the…

Exxon To Power Oil Production With Renewable Energy

Exxon To Power Oil Production With Renewable Energy

Nov 29, 2018 at 09:18 | Irina Slav

Exxon has inked a 12-year deal with Danish renewable energy company Orsted to buy 500 MW of electricity produced by solar and wind farms to power its oil production in…

Putin: Russia Is Fine With $60 Oil

Putin: Russia Is Fine With $60 Oil

Nov 28, 2018 at 17:54 | Tsvetana Paraskova

Russia is comfortable with the current level of oil prices at around $60 a barrel, Russian President Vladimir Putin said at an investment forum on Wednesday, also thanking Saudi…

Iran Suspends Gas Exports To Iraq After Earthquake

Iran Suspends Gas Exports To Iraq After Earthquake

Nov 28, 2018 at 17:51 | Tsvetana Paraskova

Iran halted late on Tuesday gas exports to neighboring Iraq for several days, in order to repair pipeline damages caused by an earthquake near the Iraqi border on Sunday night,…

China To Sign Nuclear Deal With Argentina

China To Sign Nuclear Deal With Argentina

Nov 28, 2018 at 17:47 | Tsvetana Paraskova

Argentina hopes to sign this weekend a deal with China to build its fourth nuclear power plant, Juan Pablo Tripodi, head of Argentina’s investment agency, told Reuters—a move that…

Chinese Executive: Tesla’s 70% China Sales Plunge ‘Misleading’

Chinese Executive: Tesla’s 70% China Sales Plunge ‘Misleading’

Nov 28, 2018 at 17:26 | Tsvetana Paraskova

Reports that Tesla’s vehicle sales in China plunged by 70 percent last month is “misleading information” because of the opaque and not always accurate sales numbers coming out of China,…

Iraq Looks To Squeeze Out Resellers Of Its Crude

Iraq Looks To Squeeze Out Resellers Of Its Crude

Nov 28, 2018 at 15:58 | Tsvetana Paraskova

Iraq is increasingly edging out resellers of its Basra crude grades on the spot market as its state oil marketing company SOMO aims to have greater share…

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