Article Archive | Page 928

Oct 12, 2018 at 10:58

China imported 9.05 million bpd of crude oil in September, for a total of 37.12 million tons, which was the highest rate of crude oil intake since May, Reuters…

Oct 12, 2018 at 09:22

Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday, joining other organizations like the…

Oct 11, 2018 at 17:09

Oil industry titans are still not in agreement over what to expect from oil prices in the near future, with a wide array of guesses calling for both a spike…

Oct 11, 2018 at 15:52

The heads of the world’s top oil trading houses are unanimous that Iranian sanctions will remove a large chunk of oil from the market, more than initially expected, but they…

Oct 11, 2018 at 15:47

The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent…

Oct 11, 2018 at 13:46

Oil is still the world’s leading energy source, with growing demand, a fluctuating pricing system, and much of its production in volatile regions. The oil market’s value is larger than…

Oct 11, 2018 at 13:15

Iran’s crude oil production dropped by 371,000 bpd between the second quarter of this year—when the U.S. announced the return of the sanctions—and September, according to the secondary sources in…

Oct 11, 2018 at 13:01

Audi unveiled last month its first fully electric SUV, the e-tron, at an event on Tesla’s home turf in San Francisco—the electric vehicle industry’s latest step toward mass adoption of…

Oct 11, 2018 at 11:50

Although the Chinese government has not yet gone so far in the ever-escalating trade war as to sanction United States oil, imports are drying up anyway as Chinese buyers shy…

Oct 11, 2018 at 10:23

The U.S. Energy Information Administration reported a build in commercial crude oil inventories of 6 million, speeding up an oil price decline prompted by a variety of factors, including…

Oct 11, 2018 at 09:25

President Donald Trump said the United States “will take care” of countries that continue to buy Iranian oil after the second round of U.S. sanctions kick in on November…

Oct 10, 2018 at 17:49

Iran’s crude oil production fell by more than 400,000 per day from May 2018 to September, reaching an average of just 3.4 million barrels per day last month, according to…

Oct 10, 2018 at 17:26

Natural gas prices have spiked over the last few weeks as U.S. inventories run low ahead of the peak winter heating season. Nymex natural gas prices have jumped nearly 15…

Oct 10, 2018 at 17:01

Good news is flooding into the oil and gas industry, it seems. After reports of higher exploration budgets and various discovery announcements, here’s more: Big Oil’s total free cash flow…

Oct 10, 2018 at 15:49

Roughly 40 percent of the Gulf of Mexico’s oil production and 28 percent of its natural gas production was shut down as of Tuesday, as the region braced…

Oct 10, 2018 at 13:53

Hardliners in the Trump administration have been ramping up their rhetoric over Russia recently. President Trump’s hawkish chief economic adviser Larry Kudlow said in a television interview with The…

Oct 10, 2018 at 13:41

During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment,…

Oct 10, 2018 at 12:02

“I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil &…

Oct 10, 2018 at 10:45

U.S. oil producers are facing debt of US$240 billion maturing until 2023, of which some 15 percent will be rated with the lowest rating of Caa, Moody’s said in a…

Oct 10, 2018 at 09:24

Saudi Arabia is set to deliver extra 4 million barrels of its oil to India in November, Reuters reported on Wednesday, citing several sources familiar with the plans, in…