The fluctuating prices in response…
Sam Altman and Andreessen Horowitz…
Higher oil prices are expected…
The first tanker loaded with shale ethane extracted from U.S. fields reached Scotland’s Grangemouth site of chemicals company Ineos on Tuesday, rekindling the shale controversy in Scotland and in…
The International Energy Agency (IEA) executive director Fatih Birol does not see the oil market rebalancing until late next year, expressing a gloomier view on the crude glut than…
Simon Kukes, a former head of Russian state-owned oil and gas company Yukos, has spent over US$150,000 on Donald Trump’s presidential campaign, adding to a list of Russia-related facts…
Shell’s Nigerian division has shut down one of the two pipelines that carry Bonny light crude to its Forcados terminal in the Niger Delta, saying a fire was detected “on…
The decline of new oil and gas investments means the current oil glut’s days are numbered, according to a new report from Merrill Lynch. “Our analysis shows that the…
Energy Transfer Partners—one of the major stakeholders in the controversial Dakota Access pipeline—bought over 6,000 acres of land surrounding the line’s route in North Dakota, according to several media…
South Sudan’s oil-rich Unity state saw heaving fighting this weekend when clashes between government troops (SPLA) and the armed opposition (SPLA-IO) broke out in Rubkotna county. The Sudan Tribune…
One of the deadliest chapters in the decades-long armed conflict in Colombia will come to a close on Monday following the signing of a peace agreement between Colombian president…
The UK’s opposition Labour Party will ban fracking ‘outright’ if it wins the next general elections, shadow international trade secretary Barry Gardiner said at the Labour conference on Monday.…
A deal between the operators of the Leviathan oil and gas field off the Israeli coast and Jordan Electric Power Company has just turned Israel into Jordan’s biggest gas supplier.…
In a bid to support financial liquidity amid the low oil prices, Saudi Arabia’s central bank will be injecting US$5.33 billion (20 billion riyals) into local banks in the…
The United Arab Emirates will start publishing weekly inventory data for its Fujairah port in a bid to enhance transparency and help turn the Indian Ocean port into an…
The Niger Delta Avengers announced yesterday that they have bombed the Bonny pipeline, which carries crude to the Shell-operated Forcados terminal. The militant group had agreed a ceasefire with…
Russia will join output freeze discussions with the Organization of Petroleum Exporting Countries only after its members agree on the terms of the deal amongst themselves first, according to…
Egypt has chosen three firms to supply liquefied natural gas to its markets for the remainder of 2016, closing a tender it had issued two weeks ago, according to a…
The Russian government will plan its 2017-2019 budget based $40 oil for the country’s signature Urals blend of crude, according to Finance Minister Anton Siluanov. The minister added that…
A group of investors led by Brookfield Asset Management Inc. will pay US$5.2 billion to purchase 90 percent of a pipeline unit owned by beleaguered state-run Brazilian energy giant…
Libya could run out of funds in 2017 to keep the government operational if oil exports do not return to pre-civil war levels, according to the country’s National Oil…
After two years of cutting expenses, oil companies are once again looking to expand their investments. According to BMI Research, oil companies are expected to increase capital expenditures by…
Saudi Arabia is ready to reduce its crude oil output if Iran agrees to freeze its own at current levels, anonymous sources have told Reuters. The news comes days…