Oil prices have been rangebound…
The Bitcoin halving in April…
Gulf Keystone Petroleum initiates a…
Iran’s crude oil exports to China could hit an 11-month high this month, according to sources who spoke to Reuters. But overall, Iran’s total oil and condensate exports for…
The Indonesian government has approached Chevron and Conoco with an offer to consider extending their licenses, which expire in a few years, as part of efforts to boost domestic…
Oil and gas ventures in the United States supported 10.3 million jobs and added $1.3 trillion to the national economy in 2015, the year after the oil price crash, according…
American sanctions against Russia’s energy industry aim to limit the latter’s ability to develop shale reserves, which inadvertently makes them less effective political tools, according to the results of…
India’s state-owned Bharat Petroleum (BPCL) has made its first purchase of West Texas Intermediate (WTI) crude oil via a tender, according to a new report by Reuters. The shipment…
Southern Co. would benefit financially from completing delayed nuclear reactor projects instead of abandoning the $7.4 billion plans, according to a new report by Bloomberg. CEO Tom Fanning said…
The UK Institute of Directors has criticized the Financial Conduct Authority’s proposal to amend listing rules that would accommodate Saudi Arabia’s oil giant Aramco, which is planning to list 5 percent…
Suncor’s announcement that its Syncrude oil sands processing facility will return to normal operation this week pressured the prices of Western Canadian Select and Bakken grades, Platts reports.
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…