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Breaking News:

Oil Pipelines Sabotaged In Syria

A Worrying Sign For Global Oil Demand

A Worrying Sign For Global Oil Demand

It looks like we are…

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Oil prices erased earlier losses…

Are Oil Prices About To Bounce Back?

Are Oil Prices About To Bounce Back?

Money managers have gotten increasingly…

News

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Feb 01, 2012 at 11:26 | James Burgess

Due to tight rules for petroleum fuels in developed countries, demand growth is expected to decrease. The margins are also small, and as a result many of the oil majors…

Turkey Take Iran to International Arbitration Over High Gas Prices

Turkey Take Iran to International Arbitration Over High Gas Prices

Feb 01, 2012 at 11:24 | James Burgess

In 2009 the ICC had to resolve a dispute between Turkey and Iran over gas supplies, and Turkey was awarded $800 million compensation related to gas purchases from Iran. Now…

Qatar to Spend $25 Billion on Petrochemical Development

Qatar to Spend $25 Billion on Petrochemical Development

Jan 31, 2012 at 13:34 | James Burgess

Qatar has grown to become the world’s largest liquefied natural gas (LNG) exporter over the last decade, and has now announced plans to spend $25 billion on the expansion of…

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Jan 31, 2012 at 13:33 | James Burgess

Fears that Western sanctions against Iran over its nuclear program will cause a deficit in oil supply compared to demand are apparently unnecessary as senior oil executives, traders and strategists…

China’s Demands for Release of Workers Held by Rebels in Sudan Fall on Deaf Ears

China’s Demands for Release of Workers Held by Rebels in Sudan Fall on Deaf Ears

Jan 31, 2012 at 13:29 | James Burgess

The Chinese government may be accustomed to bullying its own people or small neighbouring countries, but it is finding that the rest of the world are less easily cowed by…

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Jan 30, 2012 at 17:24 | James Burgess

The escalating problems with Iran threatening to disrupt world oil supply, an event that could prove decidedly deadly to the many economies trying to recover from recent recessions. Current economies…

Siemens Secures First Wind Turbine Order in Africa

Siemens Secures First Wind Turbine Order in Africa

Jan 30, 2012 at 17:09 | James Burgess

As part of its globalisation strategy Siemens Energy has announced that it will establish three regional Wind Power Business Units for EMEA (Europe, Middle East and Africa), The Americas and…

Natural Gas Market Forecast for the Week of January 30, 2012

Natural Gas Market Forecast for the Week of January 30, 2012

Jan 29, 2012 at 19:49 | FX Empire

March Natural Gas formed a dramatic closing price reversal bottom last week, setting up the market for a 2 to 3 week rally equal to at least 50 percent of…

Iran to take Action Against the West by Banning Oil Exports to the EU?

Iran to take Action Against the West by Banning Oil Exports to the EU?

Jan 27, 2012 at 17:51 | James Burgess

Following the recent agreement by the EU to impose trade sanctions against Iran the Iranian parliament will debate a law that could halt all oil exports to the continent. "On…

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Jan 27, 2012 at 17:48 | James Burgess

It seems that more and more large, renewable energy projects are being announced each day. The most recent is a giant solar power plant that will be built by Top…


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