Tensions between Israel and Iran…
Oil prices are set to…
A suspected Iranian spy ship…
Complying with the OPEC deal, Saudi Arabia has cut February term crude oil loadings to some buyers in India and Southeast Asia, but is shipping full delivery volumes to North…
India’s economic growth and rising income pushed up vehicle sales and fuel demand last year, with oil consumption soaring 11 percent to the highest on record, according to oil…
The American Petroleum Institute (API) reported a 1.5-million-barrel build in its latest data release on Tuesday afternoon. The build to crude inventory sent oil prices downward, even though a…
Iran is ready to begin exporting natural gas to Iraq via a pipeline as soon as Baghdad starts making payments, Iranian deputy oil minister for international affairs and trade, Amir-Hossein…
Driven by robust industrial and petrochemical consumption, Chinese liquefied petroleum gas (LPG) demand will continue to grow this year by 10 percent, but well below the 24-percent demand jump last…
Enbridge Inc has started offering the shipping of a new Canadian crude blend via pipeline to the U.S., but no refiner has bought any amount of the new grade so…
PricewaterhouseCoopers is advising Saudi Arabia on US$20 billion worth of projects it could cancel in order to reduce the budget deficit it had amassed with the low oil prices of…
Texas is expected to have around US$104.9 billion in revenue available for general-purpose spending in 2018 and 2019, down by 2.7 percent compared to the 2016-2017 period, Texas Comptroller Glenn…
When Saudi Arabia initiated the latest OPEC discussion about an oil production cut, Iran insisted that it would only consider joining market rebalancing efforts when it reached a daily output…
The United States and Cuba have signed an agreement to team up on preventing, containing and cleaning up oil spills in their respective areas of the Gulf of Mexico,…
Following a couple of years of reduced exploration and production (E&P) investments, spending by global oil and gas companies is expected to increase by 7 percent in 2017, for the…
Waymo’s first fleet of self-driving Chrysler Pacific minivans will hit public roads later this month, according to an announcement made at Detroit’s North American International Auto Show on Sunday. Waymo,…
Rosneft may soon withdraw from its only project in Algeria, an exploration project which Russia’s oil giant considers to have doubtful prospects, Russian business daily Kommersant reported on Monday,…
Iraq has not cut February crude supply allocations of the Basra grade to three buyers in Asia and Europe, in a sign that OPEC’s no.2 producer could keep exports at…
Australia and East Timor have agreed to tear up a temporary treaty regulating maritime boundaries in the latest development in a long-standing dispute that has involved sea boundary claims, oil…
Argentina will remove a duty on oil product exports that has been in place for 15 years in a bid to encourage more foreign oil and gas investments, according…
Ukraine’s state-owned oil and gas company Naftogaz said in a Facebook statement it expected foul play from Gazprom regarding the transit of Russian gas via Ukraine to Europe. According…
The decommissioning of depleting oil and gas fields in the North Sea will have a price tag of US$29 billion (24 billion pounds) for UK’s taxpayers, which may very well…
Angola has become the latest OPEC member to announce the beginning of production cuts as part of the cartel’s deal to curtail production in a bid to lift oil prices.…
Kuwaiti officials say the OPEC-member country has reduced oil production this month to around 2.707 million barrels per day, in line with the targeted amount under the OPEC output cut…