Kazakhstan's controversial auto recycling fee…
China's recent discovery of new…
The expected higher expenditures, as…
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…
Officials from Saudi Arabia – the de factor leader of the Organization of Petroleum Exporting Countries (OPEC) – told American oil producers this week that they should not expect the…
As Libya’s eastern oil ports are again threatened by clashes among various militias, an oil tanker that was set to load crude oil at Es Sider on Thursday has been…
In a sign that oil companies have realized where the biggest returns can be reaped after the downturn, Marathon Oil Corporation said on Thursday that it is divesting its…
The United Arab Emirates – which has, so far, failed to bring its production below the level required in OPEC’s production cut deal - is committed to the agreement and…
Australia is facing power shortages next year, resulting from a deficit of natural gas, and Prime Minister MalcolmTurnbull is blaming state governments for causing the situation by curbing gas exploration…
West Texas Intermediate (WTI) prices dropped five percent to a $50 rate on Wednesday in its biggest dip since September 2015, according to Zero Hedge. Reuters reported that…
The new blueprint has been designed to comply with demands made by the World Bank and other international lenders who are prepared to fund new energy projects in exchange for…