Chinese FX outflows, often underreported…
An earthquake in Taiwan caused…
Earlier this year, the price…
Soros Fund Management of billionaire philanthropist George Soros has dumped all of its shares in supermajor Chevron, Oklahoma-based Chesapeake Energy and Texas-based NRG Energy. The fund…
Enbridge says that new requirements expected to come out of a Minnesota environmental impact statement for work on two major U.S. pipeline projects could lead to…
Irish explorer Tullow Oil says that when it launches production this summer at its Tweneboa, Enyenra and Ntomme (TEN) fields in Ghana, it will add some 80,000 barrels per…
U.S. warplanes have carried out attacks on Islamic State militants, targeting an apparent training camp in Sabratha, some 70 kilometers west of the capital, Tripoli. The air strike wave is…
After a week-long flirtation with higher oil prices thanks to vague rhetoric and ambiguous talk from the world’s major producers about an output freeze to January levels, oil was back…
Emerging East African oil giant Kenya is sitting on about one billion barrels of reserves that its discoverers say is commercially viable even with oil at a dismal $30 per…
Militants have attacked the Kirkuk-Yumurtalik oil pipeline in the southern Turkish province of Sanliurfa, interrupting oil exports from the Kurdistan Regional Government (KRG) in northern Iraq to Turkey. The…
For the first time in 20 years, Venezuela has raised gas prices, and fears persist that the move could lead to dangerous riots. Venezuela’s President Nicolas Maduro on Wednesday raised…
Close to 45 million acres of oil and gas leases in the Gulf of Mexico will go up for sale next month, the Bureau of Ocean Energy Management announced today.…
French Supermajor Total S.A. (TOTF.PA) signed a deal Thursday with the government of Sri Lanka to explore potential offshore ultra-deep water blocks, according to the Sri Lanka’s Oil Ministry.…
Turkish Prime Minister Ahmet Davutoglu today blamed Kurdish militants in Turkey and Syrian Kurdish fighters for the Ankara bombing that left some 28 people dead and 45 others wounded…
The U.S. Energy Information Administration (EIA) has released its weekly crude oil inventory report, showing an increase of 2.1 million barrels last week, sending oil prices down by over…
A consortium led by Brazil’s state-run Petrobras has announced a discovery of more oil in the offshore Libra prospect in the pre-salt Santos Basin. Drilling at the 3-BRSA-1305A-RJS…
Houston-based Marathon Oil Corporation (NYSE: MRO) announced on Wednesday that falling oil prices led to a fourth-quarter net loss of $793 million, bringing their total 2015 adjusted net loss…
The Energy Information Agency (EIA) projected today that crude oil production in the U.S. Gulf of Mexico should increase to record high levels next year,…
Brent Oil passed the $35 per barrel mark this morning on U.S. inventory news and as speculators appeared to positively interpret yesterday’s news that Iran “supports” the idea of an…
For the first time since February 2005, the average U.S. retail price for diesel fuel fell below $2 per gallon, according to the Energy Information Agency’s (EIA) weekly survey. Average…
American billionaire Warren Buffett, through his Nebraska-based company Berkshire Hathaway Inc. (NYSE: BRK-A), has acquired a $400 million stake in struggling pipeline company, Kinder Morgan (NYSE: KMI). According to a…
A Nigerian parliamentary committee has announced major anti-corruption findings in relation to a multi-billion-dollar crude oil swaps program with foreign companies. The ad-hoc committee revealed that there were no…
At least 25 people were killed and 45 others were injured in a bomb attack on buses transporting Turkish military personnel in the capital, Ankara, today. The explosion hit…