Governments and businesses are exploring…
According to local Iraqi news…
Oil prices have been rangebound…
Gazprom has been supplying natural gas to pro-Russian separatist territories in eastern Ukraine and charging Kyiv’s state-owned company Naftogaz for it, Ukrainian UAWire reported, citing figures from the Russian…
China will not reach peak energy demand until the year 2040, according to a new report from the China National Petroleum Corp (CNPC) on Wednesday. Previous estimates said the…
An industrial trade group is arguing that the White House’s push to increase American natural gas exports works against the “America First” agenda President Donald Trump promised the electorate in…
The Nigerian railroads are getting a facelift as part of the national plan to diversify away from an economy in which the oil industry dominates, according to the African country’s…
In what’s the biggest M&A deal in oil since the 2014 price crash, Transocean has agreed to buy Norwegian sector player Songa Offshore for U$1.1 billion, to be paid…
A new joint venture between Iraq and its Arab partners will allow coordinated transport, storage and trade of crude oil and refined products around the world, according to a new…
With an executive order signed yesterday, President Donald Trump has set out to speed up the approval process for major infrastructure projects, including oil and gas pipelines. The central…
Accounting firm KPMG has agreed to pay more than US$6.2 million to settle SEC charges that it had overlooked grossly overstated values of the assets of an oil and gas…
One usually doesn’t associate the right-wing platform-backing Koch brothers with liberal Hollywood, but they liked the idea of Wonder Woman enough to back the blockbuster film—and the return on investment…
The American Petroleum Institute (API) reported a major draw of 9.2 million barrels in United States crude oil inventories—the biggest draw since September 2016. The draw compares to analyst expectations…
Iraq’s anti-corruption push has led the governor of oil-rich Basra to quit his job and defect to Iran, according to sources close to the matter who spoke to Reuters.…
A new oil slick off of Kuwait’s southern shores is spreading in the Persian Gulf and will add on the impact of a recent 35,000-barrel spill in the same water…
In a sign that Libya’s powerful military is moving closer to Russia, Libyan National Army (LNA) commander Khalifa Haftar—the man responsible for recapturing the country’s oil ports and essentially restarting…
Australia this week moved a step closer to becoming a real problem for Qatar on the LNG market, after the second floating production, storage, and offloading vessel for the Ichthys…
Iran continues to raise market share in Asia, with crude sales to South Korea increasing by 26.5 percent on the year in July, while Saudi Arabia’s oil sales to Seoul…
New Energy Information Administration (EIA) data puts U.S. shale output up 117,000 barrels per day in September compared to August. Production in the Permian Basin is expected to see…
The U.S. Energy Department’s newly commissioned study on the national electric grid hit a new legal road block this week when a green group filed a lawsuit against the agency…
For the third time this year, hedge fund managers have become bullish on crude oil prices, raising their long position by 705 million barrels in the week ending on August…
At 10.71 million bpd, China’s crude refineries saw in July their lowest daily throughput rate since September last year as state firms and independent refineries, both swimming in inventory, continue…
While most international analysts have already said that the value of Saudi Aramco in next year’s IPO would not be close to the Saudi target and claim of US$2 trillion,…