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Oil’s $133 Billion Black Market

Oil’s $133 Billion Black Market

With oil prices back on…

Oil Experts Divided As Iran Sanctions Loom

Oil Experts Divided As Iran Sanctions Loom

The world’s top oil trading…

News

Baker Hughes Could Join Petrobras In Production-Sharing Deal

Baker Hughes Could Join Petrobras In Production-Sharing Deal

Oct 03, 2018 at 10:16 | Irina Slav

Baker Hughes will bid for a production-sharing agreement with Brazil’s Petrobras as the latter seeks to reduce its hefty debt pile by boosting production from mature fields through these agreements.…

Argentina Opens Up “Last Frontier” For Oil with Offshore Block Tender

Argentina Opens Up “Last Frontier” For Oil with Offshore Block Tender

Oct 03, 2018 at 09:23 | Irina Slav

Argentina has announced the launch of an offshore oil and gas block tender in what it says is the last frontier for oil and gas exploration in the southern hemisphere.…

US Power Grid To Get An Upgrade To Thwart Potential Cyber Attacks

US Power Grid To Get An Upgrade To Thwart Potential Cyber Attacks

Oct 02, 2018 at 18:29 | Tsvetana Paraskova

The U.S. Department of Energy is awarding up to US$28 million in research and development of next-generation tools and technologies aimed at improving the cybersecurity of the critical American…

Oil Rally Pauses After API Reports Small Build In Crude Inventories

Oil Rally Pauses After API Reports Small Build In Crude Inventories

Oct 02, 2018 at 15:55 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 907,000 barrels of United States crude oil inventories for the week ending September 28, compared to analyst expectations that this week…

Iran To Build Power Plant In Syria

Iran To Build Power Plant In Syria

Oct 02, 2018 at 13:46 | Tsvetana Paraskova

Iran and Syria signed on Tuesday a memorandum of understanding under which Iran will build a power plant in Syria’s coastal city of Latakia in a project worth US$475 million…

Hedge Funds Turn Increasingly Bullish On Crude

Hedge Funds Turn Increasingly Bullish On Crude

Oct 02, 2018 at 13:32 | Tsvetana Paraskova

Over the past week, money managers have turned even more bullish on oil prices, betting that Brent Crude prices will further rise amid expectations that OPEC and friends can’t or…

Oil Rally Pushes Middle East Sour Crude Prices To Four-Year-High

Oil Rally Pushes Middle East Sour Crude Prices To Four-Year-High

Oct 02, 2018 at 13:17 | Tsvetana Paraskova

The recent rally in Brent Crude prices to four year highs resulted in the Middle East sour crude grades also jumping to the highest in four years amid very active…

LNG Canada Partners Announce Long-Awaited Final Decision

LNG Canada Partners Announce Long-Awaited Final Decision

Oct 02, 2018 at 10:47 | Irina Slav

The five companies behind the US$31 billion (C$40 billion) LNG Canada project have made a final investment decision on the project, they said in a press release, ending months of…

Saudi Wealth Fund: $200 Billion Solar Project Hasn’t Been Shelved

Saudi Wealth Fund: $200 Billion Solar Project Hasn’t Been Shelved

Oct 02, 2018 at 09:36 | Irina Slav

Saudi Arabia’s sovereign wealth fund has rejected a report from the Wall Street Journal that quoted Saudi government sources as saying a US$200-billion solar power project has been shelved, the…

China Boosts Oil Import Quota For Independent Refiners By 42%

China Boosts Oil Import Quota For Independent Refiners By 42%

Oct 01, 2018 at 17:24 | Tsvetana Paraskova

China is raising by 42 percent the oil import quota for its non-state refiners—most of which are the independent refiners—for 2019 as new refinery capacity is planned to enter…

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