The shift in Fed Chair…
Oil prices may soon climb…
The war with Russia has…
Gasoline demand in the U.S. is expected to peak next year due to continuous engine efficiency gains, Reuters reports, quoting analysts at energy consultancy Wood Mackenzie. Demand for gasoline…
Brazil’s oil exports jumped by 94 percent on the year in February, beating the previous record from January, as new offshore production is consistently coming on stream, according to…
The Environmental Protection Agency has removed an Obama-era rule that requires oil and gas companies to report methane emissions from oilfields – a rule that had prompted complaints from…
Mexico is planning to hold two regular oil field auctions every year, beginning in 2018, aiming to stimulate more foreign energy companies and local private players to invest in…
New figures from Moscow show that Russia is continuing to cut oil production by just a third of the amount it had promised to the members of the Organization…
Production costs for Canadian Natural Resources in the North Sea came in around $42 per barrel—well below the current rate for a Brent barrel at $55.17—down by a third…
A Yemeni economic expert from the region contends that French Total’s operations in the Kharkhir region amount to stealing on behalf of Saudi Arabia and ousted president Mansour Hadi –…
Crude oil is once again flowing from the fields around Kirkuk, after an interruption that lasted for several hours, as security forces searched the area for bombs, said to have…
Gazprom’s sales of natural gas to Turkey and Europe, excluding the former Soviet Union countries, dropped to 582 million cubic meters per day in February, down by 34 million…
Israeli firm Delek Drilling – the part of Delek Group developing Israel’s offshore gas fields – has started exporting natural gas to Jordan in what are Israel’s first gas exports…
Uganda has requested a loan of more than US$500 million from China’s Export–Import (EXIM) Bank that it would use to build roads in its oil belt in view of a…
Exploration and production company Kuwait Energy is working with Bank of America on an initial public offering in London that could value the Middle East-focused group at US$1 billion,
Six armed men have seized the Haci Telli oil tanker sailing under a Turkish flag in the Libyan port of Zuwarah, claiming that the company leasing the vessel owes…
Venezuela’s central bank is down to its last $10.5 billion in foreign reserves, according to the institution’s most recent report on the country’s financials. Over the remainder of 2017,…
ExxonMobil’s newest trades in long-term pumping projects will give the company the option to switch off shale oil and gas production in lockstep with barrel prices, according to a new…
The Nigerian Petroleum Development Company (NPDC) will see its production grow to 500,000 barrels per day by 2020, according to a new commitment made by the Nigerian National Petroleum…
Russia’s crude oil output dropped in February to some 11.10 million bpd from 11.11 million bpd in January and from the more than 11.20 million bpd in October last year…
Iran is trying to restore its pre-sanctions market share of oil shipments to Europe and has sent many crude tankers to European countries since the EU lifted most of the…
Weaker Chinese gas demand and China’s ongoing energy reform have slowed down progress on talks between Gazprom and Chinese authorities on a second gas export route from Russia to China,…
Total SA and Petrobras signed on Tuesday the final agreements on an asset package sale that will see the French major buy stakes in offshore concession areas from the…