Article Archive | Page 822

Jul 03, 2019 at 08:58

OPEC’s crude oil exports last month gained 761,000 bpd from May to hit an average of 23.7 million bpd, energy data provider Kpler reports. In May, the cartel’s exports sank…

Jul 02, 2019 at 17:45

Early on Tuesday, following their meeting in Vienna, the Organization of Petroleum Exporting Countries (OPEC) announced a nine-month extension to the existing agreement to limit oil production.…

Jul 02, 2019 at 17:24

U.S.-Iran tensions are once again heating up, even as Iran has so far managed to stabilize oil exports at lower levels. Iran has officially breached the limits of low-enriched…

Jul 02, 2019 at 16:30

Mexico’s leftist president Andrés Manuel López Obrador won the election in a landslide last year, thanks in large part to his promise to crack down on corruption throughout the Mexican…

Jul 02, 2019 at 14:07

The search for ever-better materials to soak up oil from water has recently added a new member to this highly specialized and highly sough-after family: Chinese scientists have invented a…

Jul 02, 2019 at 13:53

US shale won’t be the only beneficiary of higher oil prices if the commitment of OPEC and its Russia-led allies to extend their oil production cuts into March 2020 manages…

Jul 02, 2019 at 13:44

Oil tumbled by over 4 percent on Tuesday morning, as the OPEC deal failed to excite investors.  (Click to enlarge)

Jul 02, 2019 at 11:30

Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers. European natural gas prices…

Jul 02, 2019 at 10:12

The U.S. invasion of Iraq in 2003 completely altered the geopolitical landscape of the Middle East. After Saddam’s forces were defeated, a violent insurgency led to the deaths of

Jul 02, 2019 at 09:29

Russia and the other non-OPEC members of the production cut pact first sealed in 2016 have officially ratified an extension of the latest round of cuts agreed last December, Energy…

Jul 01, 2019 at 17:22

OPEC and its partners have decided to roll over the existing production cut agreement for another 9 months. After weeks of deliberations, infighting, global pressure and media…

Jul 01, 2019 at 17:07

After so much hype and anticipation, it seems that the OPEC meeting in Vienna was all but over before it had even begun. Russia and Saudi Arabia have agreed to…

Jul 01, 2019 at 16:52

Some summer demand for August boosted the price of liquefied natural gas (LNG) in Asia at the end of June from three-year lows earlier in the month, providing an incentive…

Jul 01, 2019 at 15:58

The world’s second-largest producer of crude oil and natural gas, Russia, has been said by many energy industry analysts to be too dependent on energy revenues. Indeed, the country…

Jul 01, 2019 at 13:31

Today, gasoline taxes are rising in a dozen U.S. states.The following infographic shows where gasoline taxes are going up today and it's based on data from the Institute on Taxation and…

Jul 01, 2019 at 13:00

The conflict in oil-rich Libya has now widened to directly include Turkey, with General Khalifa Haftar launching an air strike on a Turkish drone and then seeking to calm the…

Jul 01, 2019 at 12:00

China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of…

Jul 01, 2019 at 10:27

Oil prices jumped to their highest point in more than a month, pushed higher by an OPEC+ deal and the ceasefire between Trump and Xi, at least for now. The…

Jul 01, 2019 at 09:20

After weeks of speculation, it’s official: Russia, Saudi Arabia, and Iraq have declared their support for an extension to the oil production cuts OPEC and its partners agreed last December…

Jun 28, 2019 at 16:58

The period from 2010 to 2014 witnessed the highest sustained oil price environment in recent memory, with Brent averaging $110 a barrel and WTI $95 a barrel. This high oil…