The U.S. has been laser-focused…
Not since the Cold War…
David Cameron's recent visit to…
Oil prices fell on Tuesday after the American Petroleum Institute’s (API) weekly report showed a large build of 4.68 million barrels in the United States’ crude inventory levels, instead of…
China’s Sinopec has approached debt-ridden Kurdish oil producer Gulf Keystone Petroleum for talks over a possible takeover, Bloomberg reported on Tuesday, citing people familiar with the negotiations. China Petroleum…
In a first visible sign that at least some OPEC cuts are underway, Abu Dhabi National Oil Company (ADNOC) has said that it will reduce crude oil supplies, and although…
Refineries in China processed an average 11.14 million barrels daily last month, or a total of 45.77 million tons, which constituted a 3.4-percent annual increase, the country’s National Bureau of…
In the latest of a series of Russian-Iranian oil deals, Russia’s oil producer Gazprom Neft and National Iranian Oil Company (NIOC) signed an agreement on Tuesday under which the…
Sinopec, the world’s biggest oil refiner, has agreed to sell 50 percent in its unit Sichuan to East China Gas Pipeline Co. for a total amount of around US$3.3…
Former Texas Governor Rick Perry is sitting at the top of Trump’s shortlist for United States Energy Secretary, according to people familiar with the president-elect’s selection process. Other contenders for…
Kuwait’s Emir Sheikh Sabah al-Ahmad al-Sabah has appointed a new oil minister for the country, following early elections held in late November in which the opposition won more than…
Bill Gates, Jeff Bezos, Richard Branson and other billionaire investors worth a combined fortune of US$170 billion are launching on Monday the Breakthrough Energy Ventures (BEV) fund, committing to invest…
The much anticipated plan on the privatization of the Russian oil giant Rosneft’s 19,5% stake was surprisingly declared completed on the night of December 7, as the company’s CEO Igor…
The meeting between Russia’s largest oil producers and the energy commission, expected to discuss the implementation of the 300,000-bpd production cut on December 19, has been postponed, Reuters reported…
Norway’s energy industry is facing another five years of subdued investments despite the recent uptick in international benchmark oil prices, according to a report by the Norwegian Oil and…
Exxon’s chief executive Rex Tillerson has emerged as a clear frontrunner in the race for the job of Secretary of State, with a Donald Trump transition team member telling…
Following five years of single-digit returns, the global oil exploration industry stands a good chance of achieving double-digit returns next year, as lower costs as well as smarter and leaner…
The European Commission is hosting on Friday a trilateral meeting with Russia and Ukraine in a bid to ease their dispute over natural gas transit and deliveries—the first such…
The transition team of President-elect Donald Trump has asked 65 questions of the Department of Energy, including how to keep nuclear plants online, to identify staff who helped President Obama’s…
China may not renew the oil product export quotas for independent refineries, the so-called teapots, according to local trading sources who spoke to S&P Platts. The current quotas expire…
The Republic of the Congo, which gets 65 percent of its GDP from oil, plans to increase daily production to 300,000 barrels from the current 250,000 barrels over the next…
Continental Resources (NYSE:CLR) is placing South Korea at the top of its list of potential crude oil and condensate export destinations as the U.S. company is considering exports, chairman and…
Chinese growth of crude oil imports may likely shrink by more than 60 percent next year, as storage facilities are filling in and smaller refiners face more scrutiny over taxes…