Iran-Venezuela Sanctions Fallout: EU Paying the Price for High Oil While Russia Benefits
European refiners are bearing the brunt of the impact of US oil sanctions on Venezuela and Iran as they …
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Market Update: Saudis Mull Extending Oil Production Cut
The Saudi energy minister said that it was early to say whether there was a consensus among OPEC and …
Tit-for-Tat: Saudi Arabia Threatens to Ditch Oil Dollars if NOPEC is Passed
Saudi Arabia is threatening to start selling its natural resources in currencies other than the US dollar if Washington …
Energy Geopolitics: Algeria’s Political Turmoil is Taking Toll on International Oil Deals
The political turmoil in Algeria is taking toll on the country’s energy industry. In the midst of the crisis, …
Corporate Double Speak: Advertising Climate Action While Lobbying for Favourable Legislation
The world’s five largest oil and gas firms have collectively spent more than 1 billion USD trying to show …
Oman Clinch Deal to Invest in Sri Lanka’s Hambantota Oil Refinery Project
Oman’s oil minister said over the weekend that he was excited about his country taking part in a Sri …
New Energy Hot Spot: Exxon, in U-Turn, Now Plans Oil Drilling in Israel
The American oil giant Exxon Mobil Corporation is pondering oil and gas exploration in Israel. This move would make …
Energy Geopolitics: US Plans to Bring Iranian Oil in Global Markets to Zero
Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year …
Biofuel Update: US Production, Consumption & Trade to Remain Stable Through 2020
The US Energy Information Agency (EIA) forecasts that a few recent trends in US biofuels markets will continue through …
China Finds New Oil in the North, Yet Still Lagging Far Behind US Shale Revolution
China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The …