Oil prices fell significantly in…
Record-breaking natural gas demand for…
Whether or not the U.S.…
More violence in the Niger Delta Region has been reported, at the hands of a militant group called The Niger Delta Greenland Justice Mandate (NDGJM). The group…
The American Petroleum Institute (API) is reporting a 1.4-million-build in US crude oil inventory over last week—bursting the bubble created the week before when official data showed the…
The United States, the United Kingdom, France, Germany, Italy and Spain condemned on Tuesday this weekend’s attack on oil export terminals in eastern Libya by armed forces…
For the first time since ExxonMobil (NYSE:XOM) declared force majeure on Nigeria’s Qua Iboe oil exports in July, the U.S. oil company is offering Qua Iboe crude…
One of the biggest Mexican equity placements in years could soon take place as Infraestructura Energetica Nova (IEnova) is expected to earn at least US$1 billion in a…
The government of Brazil on Monday ratified the country’s participation in the Paris Agreement on climate change, making it one of the biggest carbon dioxide releasers in…
Spain’s energy major Repsol and investment company Criteria Caixa have agreed to sell a 20-percent stake in utility Gas Natural for a total of US$4.27 billion (3.8…
Russia will stop exporting its oil through foreign ports sitting on the Baltic Sea by 2018, according to a new report by Reuters. Nikolai Tokarev, head of…
Anadarko will pay US$2 billion to acquire a number of assets of mining giant Freeport-McMoRan in the Gulf of Mexico, the oil company said yesterday. The deal,…
Manchester United has become the first British soccer club to surpass the half a million pound mark in annual revenue, according to its latest quarterly earnings report. Some Red Devils…
Creditors who funded the United States’ shale boom are not in good shape to recover their invested funds, according to Moody’s Investors Service. Banks and private lenders…
Fifty-five oil tankers perished in recent raids in Syria, as part of the U.S. and allies’ international coalition against the Islamic State (ISIS), according to a recent
India’s Petroleum Minister Dharmendra Pradhan expects the demand for crude oil in the country to rise in excess of 11 percent this year, thanks to “better monsoon…
Iraq’s State Oil Marketing Company, SOMO, expects its October exports from the main southern Gulf terminals will average 3.28 million barrels per day, up by 23,000 bpd from…
OPEC revised up on Monday its forecast for non-OPEC oil supply in 2017 by 350,000 barrels per day and now expects producers outside the cartel to…
Lithuania is planning to sue Russia’s Gazprom for overinflated gas prices at a second court in Sweden, after losing an arbitration court case there. This will be…
The Libyan National Army has taken control of three oil export terminals in the so-called Oil Crescent, wrestling them from the Petroleum Facilities Guard, which is affiliated…
Mexican finance minister Jose Antonio Meade announced on Thursday that approximately US$5.4 billion in funds for state-run oil firm Pemex will be eliminated from the proposed federal budget…
Shortly after District Judge James Boasberg denied the Standing Rock Sioux Tribe’s request to halt construction of a portion of the Dakota Access Pipeline (DAPL) on Friday, federal…
Morgan Stanley’s recent prediction placing the end of the oil market supply glut around mid-2017 is losing backing from its central proponent. The firm’s head of energy research,…