India's steel industry faces challenges…
The World Bank's latest report…
Chinese purchases of LNG, coal,…
In a move that will likely be overturned promptly by the administration of Donald Trump, president Obama on Tuesday formally blocked offshore oil and gas drilling in most of the…
Iraq added more uncertainty to the integrity of the OPEC deal this week, hinting that it would not make cuts to oil production immediately next month as the agreement requires.…
Koch industries Inc. has become the latest in a long line of companies to move away from the Canadian oil sands, stating that it wants to pull out of…
The IPO of Saudi Aramco in 2018 is expected to bring in an all-time high in fees for investment banks that help the oil company go public, a major payday…
On December 4, a referendum in Italy rejected the sweeping constitutional reforms proposed by the government, ultimately resulting in the resignation of Matteo Renzi from the prime minister’s post. One…
BP has acquired 10 percent of the Abu Dhabi Company for Onshore Petroleum Operation’s (ADCO) oil concessions in a $2.2 billion shares swap deal with the Abu-Dhabi emirate. BP will…
Nickel prices have hit year-highs the last several weeks. Topping $5 per pound for the first time since the third quarter of 2015. And news this past week suggests nickel…
Brazil’s state-owned energy giant Petrobras said on Thursday that it had signed the final terms of a US$5-billion financing agreement with a Chinese bank and a deal to supply 100,000…
Russia’s No. 2 gas producer Novatek said that it signed on Friday upstream, liquefaction, and LNG supply deals with Japanese trading companies Mitsui & Co, Mitsubishi Corp and Marubeni Corp.…
Nigeria has discovered crude oil in the northeastern state of Borno - where the Islamist terrorist group Boko Haram had started its insurgency back in 2009. The announcement of the…
Kuwait has confirmed it would cut crude oil output starting January as part of the deal agreed by OPEC and non-OPEC producers earlier this month. The news sent Brent…
The 12 Russian oil companies that will participate in the non-OPEC/OPEC oil production cut will set up a working group to monitor the implementation of the agreement, Energy Minister Alexander…
Exxon has increased the additional cash payment offered to InterOil shareholders as part of a US$2.5-billion all-stock takeover proposal that was first announced in July. As a result, the…
At least one oil worker is dead, with another nine missing early on Thursday, after an offshore oil rig operated by Azerbaijan’s state-run oil firm SOCAR, company officials have said.…
ExxonMobil has shut its Nigerian headquarters after oil workers’ unions barricaded the office to protest the sacking of 150 local staff, Nigerian media reported on Thursday.
Continued political turmoil in Libya, with opposing factions fighting over oil infrastructure, is hampering the resumption of production at the Al-Feel oil field, a day after the Petroleum Facilities Guard…
Saudi Aramco said on Wednesday that it had signed joint venture agreements with Nabors Industries (NYSE:NBR) and Rowan Companies (NYSE:RDC) for onshore and offshore drilling, respectively. The…
Traders have been chartering long-range vessels to store gasoil in tankers off Singapore for one to three months in order to take advantage of a contango in gasoil, Reuters…
The U.S. Federal government is set to issue permits to wind farms that could end the lives of thousands of Bald Eagles—the bird that has served as the symbol…
Petrobras, the debt-laden state-owned energy major of Brazil, reported a 2-percent increase in domestic oil production for November, to 2.23 million barrels of oil equivalent daily. Total global production…