Canada’s federal government plans to…
Amid rising inventories and lackluster…
The total number of active…
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…
Just two days after saying that Iran can now sell as much oil as it wants to any country it “deems appropriate”, Iran’s President Hassan Rouhani said on Thursday…
The U.S. will not be attending OPEC’s meeting with other oil exporters, as the cartel has not invited countries that are not exporters, Russia’s TASS news agency quoted Russian…
Authorities of the Kurdistan Regional Government (KRG) in northern Iraq have announced that they will most likely not take part in the recently agreed oil output reduction deal made…
Chevron has announced its capital expenditure program for 2017, which will see the company spend US$19.8 billion next year, down 42 percent on 2015 and at least 15 percent…
Oklahoma’s Attorney General Scott Pruitt will be named chief of the Environmental Protection Agency by President-elect Donald Trump, according to a member of his transition team. The news was…
A new bill proposed in the U.S. House of Representatives would sell off the country’s strategic oil reserves to pay for health care benefits for retired coal miners, according to…
Mexico plans to increase its crude oil production substantially, overtaking both Venezuela and Brazil if its plans work out. This has emerged after earlier this week, the country awarded…
Wind farms and solar panels will provide 100 percent of the energy Google uses to power its business operations by the end of next year, according to a report…
Commodities trader Trafigura said on Wednesday that its profit for the year ending 30 September 2016 dropped by 12 percent to US$975 million on the back of low commodity…
The Railroad Commission of Texas’ program to plug abandoned wells spent US$8.5 million to plug 544 wells in the fiscal year 2016, which ended August 31, fuelfix reports. The…
UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher oil prices resulting from…
Russian oil companies will not receive compensation for the production cuts that Russia has pledged to implement as part of a deal with OPEC producers to reduce global oil supply,…