Russia sees advantages in the…
The crude oil net long…
Volkswagen's EV sales in Europe…
Qatar’s sovereign wealth fund will open an office in Silicon Valley by the end of the year as part of a move to move the country’s economy away from…
Libya’s National Oil Corporation warned in a statement yesterday that it had detected attempts for illegal sales of crude oil from “a group of individuals.” NOC is the only…
International news services now report that Japan’s Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary as soon as this Monday, March…
Russia is budgeting its federal spending to expectations that oil prices will hover around $40 a barrel for the next several years, according to a new report by Bloomberg.…
The crude oil spill that occurred in western North Dakota in December is now estimated to be three times larger than originally estimated, according to True Companies, the owner…
Norway’s Statoil has found oil and gas drilling a wildcat well next to producing oil fields in the northern part of the North Sea, the Norwegian Petroleum Directorate (NPD)
Despite recent talks of imminent start-up, the launch of an oil pipeline that would allow China to import crude oil from overseas via Myanmar has been postponed again, awaiting final…
Argentine exploration and production firm Tecpetrol has plans to invest $2.3 billion on gas exploration in the massive Vaca Muerta shale formation. As part of the plan, Tecpetrol, which…
Saskatchewan will review the engineering standards and other rules for crude oil pipelines following a more than 200,000-liter crude oil spill from a Husky Energy-operated pipeline last summer.…
In a bid to attract more foreign investment, Nigeria’s government has introduced a new, faster visa application procedure that will allow executives traveling there on business to collect their…
Pioneer Natural Resources signed a contract to sell a $266 million acreage package in Martin Country, Texas, to an undisclosed buyer, according to a new article by World Oil.
Algeria’s state oil company released plans to ramp up production by 14 percent by in four years while making massive investment in the nation’s struggling energy sector, according to a…
The United States Department of State is set to approve on Friday the last permit necessary for TransCanada to construct the Keystone XL pipeline, according to sources who spoke to…
Much cheaper, shorter-cycle and easier to pump U.S. shale has made Arctic oil exploration economically unjustifiable at the current oil prices, according to Goldman Sachs commodities equity expert Michele Della…
The global oil product inventories have to be drawn down in order to see demand for product tankers pick up, according to Henry Curra, global head of research at Braemar…
Amid confusing discrepant production, export figures. and baselines for OPEC’s cut deal, the cartel’s de facto leader and biggest producer and exporter Saudi Arabia is signaling that the important metric…
Five Russian oil companies have won appeals and lawsuits in the UK to have their fraudulent and unconnected ‘doppelgangers’ that were registered last year removed from the UK Companies…
Statoil has won 13 exploration licenses in the Gulf of Mexico, saying this marks a reset of its campaign in the area. The Norwegian company first entered the Gulf…
The central Canadian government has allocated US$22.5 million (C$30 million) in financial aid for the province of Alberta in its new budget, in a bid to stimulate its economy,…
As the U.S. has been increasingly growing its LNG exports in recent months, Intercontinental Exchange (ICE) said on Wednesday that it would start trading the first-ever U.S. LNG futures…