Exxon Mobil Corporation announced yesterday (28 December) a new natural gas discovery in Papua New Guinea. The company said it has a 42.5 percent stake
Category: Energy
Market Update: Asian Buyers More Than Double Their Oil Imports from Iran
Iran’s November exports to its four major Asian customers more than doubled for a second straight month from a year ago. Imports of India and
Greening ‘Middle Kingdom’: China to Levy Environmental Tax
China will levy environmental tax to fight its notoriously serious problems with pollution. The new law was passed after almost a weeklong red alert due
US-Mexican Oil Trade Rapidly Growing
US Gulf Coast refiners are making an advantage of the rising fuel demand from Mexico by shipping record volumes. Mexico had failed to expand its
Market Update: Asia Ready for a Major Refining Capacity Increase
Asia will add the biggest amount of net refining capacity in three years in 2017, further boosting demand for oil in the world’s biggest and
Market Forecast: Hedge Funds and Oil Demand in 2017
Saudi Arabia has gained an unprecedented support of a coalition of oil-producing countries to agree output cuts in 2017. The Kingdom has obtained pledges from
Bill Gates and Fellow Billionaires Launch a $1 Bn Fund to Foster Advances in Energy Technology
Bill Gates and more than a dozen of the world’s wealthiest individuals announced yesterday (11 December) that they would open a new $1 billion investment
Market Update: Getting Ready for the OPEC Output Freeze
Saudi Arabia has started informing its customers of the planned cut to their January oil supply to comply with the OPEC oil output freeze agreement.
Saudi Arabia Cuts Its Oil Price for Asia to Fight Off Competition
Saudi Arabia’s oil company Aramco cut the January price for its Arab Light crude for its Asian clients to the lowest level in four months
Protests Against North Dakota Pipeline Escalate
A crowd of veterans from the group “Veterans Stand for Standing Rock” arrived yesterday (4 December) at the freezing Dakota Access Pipeline protest site –