NUS researchers have developed a…
Sudani wants to strengthen Baghdad’s…
Javier Blas analyzes the impact…
The federal audit court of Brazil has ordered the company to start its asset sale program from square one, except for two projects. The program was suspended with a…
Poland is threatening to use all legal means possible to block the settlement, without fines, of an antitrust investigation targeting Russian Gazprom, which it feels the European Union is going…
Saudi Aramco will restart oil and refined product shipments to Egypt after a sudden halt nearly six months ago, according to an announcement by the Egyptian Petroleum Ministry on…
The Benghazi-based government in Libya walked away from a process that would have unified the country’s National Oil Corporation (NOC) on Wednesday after the Benghazi Defense Brigades gained control…
TransCanada will construct 6.2 million barrels of new crude oil storage capacity in Cushing, Oklahoma, according to an official announcement on Monday. The Calgary-based company has contracted with M2…
Oil may start to flow from the hotly disputed Dakota Access pipeline as soon as 20 March, after a federal judge on Tuesday denied a request for an emergency injunction…
Iran said that it launched on Tuesday production of crude oil - at an initial rate of 15,000 bpd – from the Azar oil field that it shares with neighboring…
The Libyan National Army lost 21 of its soldiers in the course of retaking the Es Sider and Ras Lanuf oil terminals from the Benghazi Defense Brigades, who took…
A day after the American Petroleum Institute brought back some optimism to markets by reporting a much-awaited-but-slim draw to U.S. crude oil inventories, the EIA reversed the mood by…
The American Petroleum Institute (API) reported a surprise draw of 531,000 barrels in United States crude oil inventories against expert predictions that domestic supplies would see a small
Kenya has greenlighted a crude oil export agreement with Tullow Oil, Maersk International and local Africa Oil, with pilot exports slated to start in June in a major milestone…
China will be reducing the retail prices of gasoline and diesel by US$12.29 (85 yuan) per ton effective Wednesday, to reflect the lower international crude oil prices, the National Development…
The Libya National Army (LNA) claimed on Tuesday to have retaken the country’s key oil ports of Ras Lanuf and Es Sider from a rival faction that seized them…
Lukoil, Russia’s second-biggest oil producer, reported on Tuesday a profit of $792 million (46.6 billion rubles) for the fourth quarter—slightly higher than analyst expectations, but 15 percent lower compared…
Iran will be capping its crude oil output at 3.8 million bpd in the second half of the year if fellow OPEC members stay committed to the cuts they had…
While OPEC’s secondary sources placed Saudi Arabia’s February crude output further dropping to 9.797 million bpd, the Saudis self-reported output was back to above 10 million bpd – still cutting…
Exxon’s former CEO and current Secretary of State, Rex Tillerson, used an alias email account for communication regarding climate change, New York’s Attorney General Eric Schneiderman said in the…
Somali officials have confirmed reports about a tanker hijacking by local pirates in the Indian Ocean, although there is still no final clarity as to what flag the vessel was…
Russian Finance Minister Anton Siluanov announced a four-year delay in the abolishment of oil export duties on Monday. The new timeline means that Moscow will scrap the taxes on…
OPEC just can’t seem to catch a break; shale drillers in the U.S. are now expected to increase April oil output by 109,000 barrels per day, according to new information…