The U.S. government has multiple…
Tesla is expected to report…
Saudi Arabia’s oil giant, in…
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…
Norway’s government announced initial plans on Monday to open a record number of oil exploration blocks in the Barents Sea, sparking renewed criticism from environmental groups. Norway’s Ministry of…
South Korea’s Hyundai Engineering Co said on Monday that it had signed a deal worth US$3.2 billion with Iran’s Ahdaf Investment Company for the construction of the second phase…
Signaling a thaw in relations, the European Commission (EC) said on Monday that Gazprom had offered commitments to address the EU’s competition concerns regarding the Russian gas giant’s dominating…
Russia’s oil giant Rosneft sees a lack of will among the main signatories to the OPEC/non-OPEC deal and U.S. shale production as the main risks to a possible extension of…
Indian refiners boosted Iranian crude oil imports in February while they received one-third lower imports from Saudi Arabia and Iraq. Both Saudi Arabia and Iraq are bound by OPEC supply…
A little local price war between two gas stations in South Houston has allowed drivers to fill up for $0.78 a gallon, despite having to wait in line for…
Continued fighting between the Libyan National Army and the Benghazi Defense Brigades may cause the declaration of force majeure at two oil export terminals, a board member of the National…
Higher oil prices and well-planned spending will narrow the deficit in Saudi Arabia’s budget this year, according to a research note published by Merrill Lynch. In 2017, the shortfall…
Elon Musk bets his company, Tesla, can bring over 100 megawatts of energy to South Australia’s grid via battery in 100 days, according to a recent Twitter exchange the…
Rising production in the Permian, coupled with cheap pipeline and railway transport fees to the Gulf of Mexico, will enable the U.S. to significantly raise its already record-high crude oil…
In a bid to boost its oil products trade in southern Europe and Turkey, Russia’s oil giant Rosneft is expanding its business ties with oil products trading and logistics firm…
After three years of deepwater exploration in the doldrums, the big international oil companies are resuming their offshore exploration efforts with lowered costs and highly selective smarter choices for drilling…
The International Center for Settlement of Investment Disputes annulled an earlier decision that would have seen Venezuela pay more than a billion dollars to Exxon for the nationalization of two…
Secretary of State Rex Tillerson has recused himself from any issues and deliberations around the Keystone XL oil pipeline project, a statement from the State Department revealed. The statement was…
The Spanish company Repsol announced a find in Alaska that could be the largest “onshore conventional hydrocarbons discovery” made in the United States in the past thirty years, according to…