Diesel fuel production has ramped…
Gold has outperformed the S&P…
Tesla shares have plunged to…
Brazil’s deepwater oil fields could be Exxon Mobil’s newest playground, according to a recent report by The Wall Street Journal. A proposed joint venture between Exxon and state-run Petrobras…
ExxonMobil and Qatar Petroleum have signed an exploration and production (E&P) sharing contract with the Cyprus government and will start drilling in a block offshore Cyprus in 2018, Qatar Petroleum…
China plans to start imposing consumption taxes on oil by-products such as light cycle oil and bitumen blend, which could upset the plans of traders and refineries who export such…
Egypt’s General Petroleum Corporation and energy sector construction company Petrojet plan to re-establish their presence in Libya, a Libyan official said yesterday, after a meeting with company representatives that also…
Warren Buffett’s PacifiCorp is allocating $3.5 billion for wind and solar power projects, the company said. The projects include an upgrade of 900 MW of existing wind power capacity…
The American Petroleum Institute (API) reported a draw of 1.83 million barrels in United States crude oil inventories, compared to analyst expectations that domestic supplies would see a smaller…
A new report from the American Petroleum Institute (API) on Monday predicted significant and damaging impacts from the Customs and Border Protection Agency’s (CBP) 30 proposed revisions on the…
Nigeria’s output of crude oil and condensate averaged 1.676 million bpd in March, down by more than 200,000 bpd compared to the February average production of 1.9 million bpd,
Russia’s gas giant Gazprom is reviewing how a potential ‘hard’ Brexit would impact its EU gas trading business which is currently carrying out in London, and whether it would affect…
As some supply disruption from Canada’s heavy crude oil supply to the U.S. is coinciding with reduced shipment to the U.S. from OPEC, analysts say that Gulf Coast refineries are…
The strike called by oil tanker drivers in Nigeria yesterday ended just hours after it began, as the government quickly agreed to improve their wages and address their other grievances,…
Russia’s pipeline giant Transneft has enough capacity to export 24 million tons of crude oil to Belarus this year, a company official told Reuters today, after yesterday Moscow and Minsk…
Platts Analytics Bentek Energy has forecasted that crude oil output in the U.S. part of the Gulf of Mexico will reach 1.868 million barrels daily by the end of…
Brazilian oil output in February was 14.6 percent higher year-over-year, according to the latest data released by ANP, the South American country’s petroleum regulator. February production touched 2.676 million…
Low wages and subpar roads led Nigerian oil truck drivers to protest in the capital on Monday, according to a new report by Reuters, which could lead to indefinite supply…
Tesla shares reached an all-time high topping $292 each on Monday, after the release of a report showing a 69 percent increase in electric car deliveries compared to a year…
Three Mediterranean EU countries and Israel agreed on Monday to continue pursuing the development of a gas pipeline project that could link gas fields offshore Israel to Cyprus, Greece, and…
Qatar is lifting a self-imposed moratorium on the development of its part of the world’s biggest natural gas field and is launching a new gas project at North Field in…
Russian oil giant Rosneft on Monday launched drilling of Russia’s northernmost offshore well in the East Arctic shelf, with a video conference at which Russian President Vladimir Putin announced…
Malaysia’s state oil and gas company Petronas announced the loading of the first liquefied natural gas cargo from a floating production facility over the weekend. The facility is located off…