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Chinese Copper Exports Are Flooding Global Markets

Chinese Copper Exports Are Flooding Global Markets

China's copper exports have surged…

Georgia Explores Closer Ties with Iran as Western Alliances Fray

Georgia Explores Closer Ties with Iran as Western Alliances Fray

Georgia's Prime Minister Irakli Kobakhidze's…

News

First US Shale Gas Arrives In Scotland Amid Controversies

First US Shale Gas Arrives In Scotland Amid Controversies

Sep 27, 2016 at 15:50 | Tsvetana Paraskova

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 Oil Glut Will Bleed Into 2017, Says IEA Chief

The Oil Glut Will Bleed Into 2017, Says IEA Chief

Sep 27, 2016 at 15:10 | Tsvetana Paraskova

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…

Russian-Turned-American Oil Vet Bets Big on Trump Victory

Russian-Turned-American Oil Vet Bets Big on Trump Victory

Sep 27, 2016 at 11:00 | Irina Slav

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 Shuts Down Bonny Light Pipeline

Shell Shuts Down Bonny Light Pipeline

Sep 27, 2016 at 10:05 | Irina Slav

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…

Merrill Lynch Sees End Of OPEC Market Share War

Merrill Lynch Sees End Of OPEC Market Share War

Sep 26, 2016 at 16:56 | Zainab Calcuttawala

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…

Dakota Access Owners Evade Federal Regulators, Buy Land Surrounding Pipeline

Dakota Access Owners Evade Federal Regulators, Buy Land Surrounding Pipeline

Sep 26, 2016 at 16:39 | Zainab Calcuttawala

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…

New Clashes In South Sudan Raise Risk Of Civil War

New Clashes In South Sudan Raise Risk Of Civil War

Sep 26, 2016 at 15:45 | Zainab Calcuttawala

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…

Colombian Government, FARC Rebels To Sign Peace Accord

Colombian Government, FARC Rebels To Sign Peace Accord

Sep 26, 2016 at 15:29 | Erwin Cifuentes

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…

UK’s Labour Party Vows To Ban Fracking If Elected

UK’s Labour Party Vows To Ban Fracking If Elected

Sep 26, 2016 at 15:14 | Tsvetana Paraskova

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.…

Major Deal Turns Israel Into Jordan’s Leading Gas Supplier

Major Deal Turns Israel Into Jordan’s Leading Gas Supplier

Sep 26, 2016 at 12:47 | Irina Slav

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.…

Saudi Arabia Bolsters Bank Lending With $5.3B Support

Saudi Arabia Bolsters Bank Lending With $5.3B Support

Sep 26, 2016 at 10:58 | Tsvetana Paraskova

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…

UAE To Start Publishing Weekly Oil Data

UAE To Start Publishing Weekly Oil Data

Sep 26, 2016 at 10:27 | Irina Slav

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…

Niger Delta Avengers Blow Up Oil Pipeline Again

Niger Delta Avengers Blow Up Oil Pipeline Again

Sep 26, 2016 at 09:07 | Irina Slav

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 Oil Freeze Talks After OPEC Members Agree In Algiers

Russia Will Join Oil Freeze Talks After OPEC Members Agree In Algiers

Sep 23, 2016 at 16:40 | Zainab Calcuttawala

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 Makes Its LNG Importer Picks For Remainder Of 2016

Egypt Makes Its LNG Importer Picks For Remainder Of 2016

Sep 23, 2016 at 16:33 | Zainab Calcuttawala

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…

Russia Bets On $40 Oil Through 2017

Russia Bets On $40 Oil Through 2017

Sep 23, 2016 at 16:22 | Zainab Calcuttawala

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…

Brookfield Buys Stake In Petrobras Unit For US$5.2 Billion

Brookfield Buys Stake In Petrobras Unit For US$5.2 Billion

Sep 23, 2016 at 16:18 | Erwin Cifuentes

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’s Cash To Run Out By 2017 Without Jump In Oil Exports

Libya’s Cash To Run Out By 2017 Without Jump In Oil Exports

Sep 23, 2016 at 16:09 | Zainab Calcuttawala

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…

Oil Independents To Boost Capex In 2017, Report

Oil Independents To Boost Capex In 2017, Report

Sep 23, 2016 at 16:02 | Lincoln Brown

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…

Saudis Say Will Cut Oil Production If Iran Freezes Its Own

Saudis Say Will Cut Oil Production If Iran Freezes Its Own

Sep 23, 2016 at 11:02 | Irina Slav

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…

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