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Iraq Hopes to Expand Economic Relationship With the U.S.

Iraq Hopes to Expand Economic Relationship With the U.S.

Sudani wants to strengthen Baghdad’s…

Fusion Energy Gets a Boost With Novel Plasma Control Technique

Fusion Energy Gets a Boost With Novel Plasma Control Technique

Researchers have successfully combined two…

U.S. Shale Oil Production Growth Is Slowing Down

U.S. Shale Oil Production Growth Is Slowing Down

When the illusion of unending…

News

Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude

Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude

Apr 19, 2024 at 15:07 | Julianne Geiger

Valero Energy Corp. and Chevron Corp. have entered the fray of buyers for oil traversing Canada's expanded Trans Mountain Pipeline system, signaling a potential shift in the West Coast's oil-sourcing…

Bi-Partisan E15 Gasoline Bill Introduced in House

Bi-Partisan E15 Gasoline Bill Introduced in House

Apr 19, 2024 at 11:24 | Julianne Geiger

Representative Nunn has introduced in the U.S. House of Representatives The Year-Round E15 Act of 2024. This bill aims to temporarily apply the E10 Reid vapor pressure limitations to E15…

Russian Refineries Install Nets as Protection From Drone Attacks

Russian Refineries Install Nets as Protection From Drone Attacks

Apr 19, 2024 at 08:56 | Charles Kennedy

Russian oil company Bashneft, part of state-controlled giant Rosneft, has installed metal mesh at its refineries to protect them from drone attacks from Ukraine, Russian media reported on Friday,…

Biden Administration Restricts Oil Drilling and Mining in Alaska

Biden Administration Restricts Oil Drilling and Mining in Alaska

Apr 19, 2024 at 08:24 | Charles Kennedy

The U.S. Administration finalized on Friday a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large…

International Oil Drilling Boosts SLB’s Net Profit in Q1

International Oil Drilling Boosts SLB’s Net Profit in Q1

Apr 19, 2024 at 07:16 | Tsvetana Paraskova

SLB (NYSE: SLB), the world’s largest oilfield services provider, reported on Friday 14% higher net income for the first quarter compared to the same period last…

Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low

Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low

Apr 19, 2024 at 06:17 | Tsvetana Paraskova

Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East…

EU Regulator Claims Europe Can’t Afford to Ditch Russian LNG Yet

EU Regulator Claims Europe Can’t Afford to Ditch Russian LNG Yet

Apr 19, 2024 at 05:27 | Tsvetana Paraskova

Amid calls from some member states, the European Union should be careful in its efforts to ditch Russian LNG as it should protect its security of gas supply, the European…

JP Morgan Warns of Delay to Global Energy Transition

JP Morgan Warns of Delay to Global Energy Transition

Apr 19, 2024 at 03:35 | Irina Slav

Inflation, interest rates, and wars may well delay the energy transition by quite a long time, JP Morgan has warned in a call for “a reality check” on its shift…

FBI Warns of Risk of Chinese Hack Attack on Energy Infrastructure

FBI Warns of Risk of Chinese Hack Attack on Energy Infrastructure

Apr 19, 2024 at 02:22 | Charles Kennedy

The director of the FBI has warned that the Chinese state has its sights set on U.S. critical infrastructure to compromise U.S. economic and national security. Speaking at the Vanderbilt…

Oil Prices Surge as Israel Carries Out Airstrikes on Iran

Oil Prices Surge as Israel Carries Out Airstrikes on Iran

Apr 19, 2024 at 01:41 | Irina Slav

Israel launched missile strikes against Iran in the early morning hours, a U.S. official told ABC News today. The news was later confirmed by…

Russian Oil Refinery Woes Drive Decline in Q1 Exports

Russian Oil Refinery Woes Drive Decline in Q1 Exports

Apr 18, 2024 at 17:04 | Julianne Geiger

Russian oil refineries experienced decreased production, contributing to the country's ongoing export decline in the first quarter of this year, Russia's central bank said on Thursday. According to a report…

White House Aims to Keep Gasoline Prices in Check

White House Aims to Keep Gasoline Prices in Check

Apr 18, 2024 at 13:09 | Julianne Geiger

In a bid to stabilize gas prices amid the upcoming summer driving season and Presidential election, the Biden administration wants to ensure that the United States remains on a steady…

China Scooped Up Record Volumes of Russian Oil In March

China Scooped Up Record Volumes of Russian Oil In March

Apr 18, 2024 at 10:58 | Charles Kennedy

China scooped up record volumes of crude oil imports from Russia in March, adding 790,000 barrels per day to its stockpiles, up from 570,000 bpd in January and February, Reuters’…

Petrobras’ Amazon Drilling Plan Faces Growing Opposition From Locals

Petrobras’ Amazon Drilling Plan Faces Growing Opposition From Locals

Apr 18, 2024 at 09:00 | Charles Kennedy

While Petrobras is touting a potential start to drilling in an environmentally sensitive area offshore the mouth of the Amazon River, indigenous communities are increasingly opposing the exploration plans of…

Kazakhstan to Consider Building Oil Pipeline in the Caspian Sea

Kazakhstan to Consider Building Oil Pipeline in the Caspian Sea

Apr 18, 2024 at 08:24 | Charles Kennedy

Kazakhstan, a non-OPEC oil producer part of the OPEC+ agreement, will consider building an oil pipeline in the Caspian Sea, Russian news agency Interfax reported on Thursday, quoting Kazakhstan’s…

High Interest Rates Could Slow Down the Energy Transition

High Interest Rates Could Slow Down the Energy Transition

Apr 18, 2024 at 07:47 | Tsvetana Paraskova

Renewable energy projects and emerging low-carbon technologies are more exposed to the current high interest rate environment globally, which could slow the pace of transition to clean energy, Wood Mackenzie…

Scotland Set to Abandon Interim 2030 Emissions Reduction Goal

Scotland Set to Abandon Interim 2030 Emissions Reduction Goal

Apr 18, 2024 at 07:04 | Tsvetana Paraskova

Scotland is expected to abandon a key interim target on its road to 2045 net zero as the government is expected to scrap a goal for reducing emissions by 75%…

Weak EV Market Dragged Down European Car Sales in March

Weak EV Market Dragged Down European Car Sales in March

Apr 18, 2024 at 06:00 | Tsvetana Paraskova

Europe’s new car sales fell in March for the first time this year, dragged down by a decline in electric vehicle (EV) registrations and the timing of the Easter holidays,…

India Paid 16% Less for the Same Amount of Oil in FY 2023-24

India Paid 16% Less for the Same Amount of Oil in FY 2023-24

Apr 18, 2024 at 05:05 | Tsvetana Paraskova

India’s crude oil imports remained flat in the fiscal year 2023/2024 ended March 31, but the import bill of the world’s third-largest oil importer fell by almost 16%…

Iran’s Oil Exports Climb to the Highest Level in 6 Years

Iran’s Oil Exports Climb to the Highest Level in 6 Years

Apr 18, 2024 at 03:41 | Irina Slav

Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown.…

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