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 2018-12-14 23:00 

OilPrice.com

China's Biggest U.S. Crude Oil Buyer To Resume Purchases "Very Soon"...

Unipec, the trading arm of Chinese state oil major Sinopec and China's largest buyer of U.S. crude oil until recently, is set to resume purchases from the United States "very soon,"...

 2018-12-14 22:00 

OilPrice.com

Russia's Rosneft Quits Iran, $30B Of Potential Joint Investments...

Russia's largest oil producer Rosneft has decided to quit Iran and the possibility of US$30 billion worth of joint Russian-Iranian investments in oil and gas projects in the Islamic Republic,...

 2018-12-14 20:00 

OilPrice.com

Operation 'Sharpshooter' Targets Energy, Defense Firms...

A new global cyber threat campaign has recently infiltrated dozens of energy, defense, nuclear, and financial companies around the world...

 2018-12-14 20:00 

OilPrice.com

Has OPEC+ Stabilized Oil Markets?...

According to the IEA, OPEC+ has succeeded in putting a floor under oil prices and halting the long-term decline and volatility in markets...

 2018-12-14 18:19 

OilPrice.com

Slipping Rig Count Can't Keep Oil Prices From Falling...

The U.S. and Canadian oil rig count fell for the third week in a row, but the lower number of deployed rigs didn't keep oil prices from falling on Friday afternoon...

 2018-12-14 18:00 

OilPrice.com

Russia Oil Exports Down 36.65M Barrels In First 10 Months...

Russia exported 36.65 million barrels (5 million tons) less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to reduce global supply...

 2018-12-14 17:00 

OilPrice.com

Libya's NOC Won't Pay 'Ransom' For Biggest Oil Field...

Libya's National Oil Corporation said it would not pay a "ransom" to have the armed militiamen that shut down the field last week lift their blockade...

 2018-12-14 15:30 

OilPrice.com

Chinese-Venezuelan Joint Venture Doubles Oil Production...

A joint venture between troubled Venezuelan state oil company PDVSA and China's CNPC in the South American country has doubled its oil production in the past seven months...

 2018-12-14 15:00 

OilPrice.com

China Refineries Process Less Oil As Fuel Prices Decline...

Chinese refinery runs stood at 12.28 million bpd last month, higher than the same time last year but lower than the previous month and the month before...

 2018-12-14 09:00 

OilPrice.com

Legendary Oil Trader Is Bullish On Oil Prices...

Legendary oil trader Andy Hall, who was nicknamed oil 'God' for profitably predicting a bull run in oil prices in the past, told Bloomberg TV on Thursday that oil prices would rise from current levels...

 2018-12-14 04:00 

OilPrice.com

Tariffs Hit U.S. Solar Market In Q3, But Plans Show Strong Rebound...

The U.S. tariffs on imported solar cells and modules created uncertainty in the market earlier this year, but a strong rebound is in the books...

 2018-12-14 00:00 

OilPrice.com

The U.S. Oil Industry's Dirty Little Secret...

The U.S. oil industry has been organizing itself in secret to undermine the new CAFE standards which are aimed at improving fuel efficiency in motor vehicles...

 2018-12-14 00:00 

OilPrice.com

IEA: OPEC+ Has Put "A Floor Under Prices"...

The IEA thinks that OPEC and its partners have succeeded in putting a floor under oil prices, but have not yet succeeded in dealing with the global supply surplus...

 2018-12-14 00:00 

OilPrice.com

Minnesota Rejects Opponents' Petitions To Stop Line 3...

Minnesota's Public Utilities Commission voted unanimously on Thursday to reject petitions by environmental and indigenous groups to review its decision to grant a certificate of need for the Line 3 oil pipeline replacement project...

 2018-12-13 23:00 

OilPrice.com

Is This The New Swing Producer In The Middle East?...

The UAE has surpassed Iran as OPEC's third biggest producer and is now looking to become a swing producer by trying to boost its production capacity...

 2018-12-13 23:00 

OilPrice.com

Is This Cyber Attack An Indirect Hit At Saudi Aramco?...

Italy's oil services group Saipem has said that the cyber attack that hit its servers in the Middle East earlier this week was a variant of the Shamoon virus, and could've been an indirect attack on Saudi Aramco...

 2018-12-13 22:00 

OilPrice.com

What Would The End Of OPEC Mean?...

OPEC is looking increasingly fractured by the day, with the growing dominance of Russia and the recent retirement of Qatar highlighting the divide...

 2018-12-13 22:00 

OilPrice.com

Iran Loses Market Share In India As Its Oil Exports Slump In November...

India's oil imports from Iran dropped to a one-year-low in November, plunging by 41 percent from October due to the U.S. sanctions, Reuters reported on Thursday, citing industry sources and ship-tracking data...

 2018-12-13 21:00 

OilPrice.com

What's Behind The Plunge In LNG Prices?...

Warmer weather in Asia has led to a sharp drop in LNG prices, with the cost of the super cooled fuel falling to six-month lows...

 2018-12-13 21:00 

OilPrice.com

'Climate Passport' For People Driven Away By Global Warming Proposed...

A climate researcher proposed on Thursday the establishment of a kind of 'climate passport', allowing people who have been driven away from their homes due to the impact of the global warming to move freely around the world...

 2018-12-13 20:00 

OilPrice.com

Saudi Arabia Can Outwait The Khashoggi Crisis...

Turkey has ramped up the pressure over the Saudi involvement in the murder of journalist Jamal Khashoggi, but the Kingdom remains relatively unfazed...

 2018-12-13 20:00 

OilPrice.com

Beijing Adds 3 Million Households To Overstretched Gas Network...

China's natural gas demand could grow by 4.5 billion cubic meters next year as Beijing added another three million households to gas heating...

 2018-12-13 18:00 

OilPrice.com

Total Cuts Stake In Ichthys LNG On Cost Overruns...

Cost overruns in Ichtys, one of the world's largest LNG projects, have forced French oil major Total to cut its stake...

 2018-12-13 18:00 

OilPrice.com

No, The U.S. Is Not A Net Exporter Of Crude Oil...

Bloomberg recently reported that the U.S. has become a net exporter of oil for the first time in 75 years, but is that really the case?...

 2018-12-13 17:00 

OilPrice.com

One Houston Gas Player Is Changing The LNG Business Forever...

Houston-based Tellurian Inc. has announced a new project that is poised to completely reshape the way LNG projects are funded...

 2018-12-13 16:30 

OilPrice.com

Japanese Refiners Will Resume Iran Crude Purchases Next Month...

Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don't get on the bad side of Washington in case the 180-day sanction waivers are not extended...

 2018-12-13 15:50 

OilPrice.com

The Tech Company Making Millions In Cannabis...

The easy money is gone in cannabis, but growers and investors are now betting big on new technologies that can significantly boost profits in this booming sector...

 2018-12-13 15:30 

OilPrice.com

Canadian Crude Price Spike Won't Last...

The price spike in Canadian crude is unlikely to last and is looking more as a knee-jerk reaction to the announcement of production cuts that have not yet gone into effect...

 2018-12-13 15:00 

OilPrice.com

Exxon Makes Final Decision On Australian Gas Project...

Exxon has decided to go ahead with the development of the West Barracouta natural gas project off the coast of Australia...

 2018-12-13 09:00 

OilPrice.com

Yemen To Resume Oil Exports On U.S. Threat To Withdraw Support...

Saudi-led forces and Yemen-based Houthi rebels announced that oil and gas exports will resume in an effort to restore revenues to the troubled country...

 2018-12-13 04:00 

OilPrice.com

Uganda's First Oil Sees Setback As Players Quibble Over Tariffs...

Uganda chose the Tanzania route for its oil pipeline over a perhaps riskier one through neighboring Kenya, who also has discovered oil and is anxious to move ahead with infrastructure projects...

 2018-12-13 00:00 

OilPrice.com

Why The OPEC+ Deal Won't Cut It...

OPEC and its partners managed to reach an agreement to cut 1.2 million bpd of production, but the vague commitment and the size of the cut could fail to send prices up much higher...

 2018-12-13 00:00 

OilPrice.com

Saudi Arabia Under Fire From All Sides...

Things are not going too well for Saudi Crown Prince Mohamed bin Salman, as the Kingdom is facing increased pressure from low oil prices and has burned some bridges in Washington...

 2018-12-13 00:00 

OilPrice.com

China's CNPC Halts Iran Gas Investment Under U.S. Pressure...

State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the United States and in an attempt to steer clear of U.S.-China tensions amid the ongoing trade talks...

 2018-12-12 23:00 

OilPrice.com

Big Oil Doubles Down On Shale Despite Price Drop...

Despite depressed crude oil prices and overly bearish sentiment, Big Oil is betting big on United States shale plays...

 2018-12-12 22:00 

OilPrice.com

Chevron Bets Big On Supergiant Oil Field...

U.S. supermajor Chevron continues to channel a significant portion of its upstream investment into the major capital-intensive Tengiz field in Kazakhstan...

 2018-12-12 21:00 

OilPrice.com

OPEC Sees Demand For Its Crude Oil Lower In 2019...

OPEC expects demand for its crude to be slightly lower in 2019, averaging 31.4 million bpd, down by 100,000 bpd from last month's forecast...

 2018-12-12 21:00 

OilPrice.com

Total To Boost Exploration In Mauritania...

France's supermajor Total said on Wednesday that it had signed an agreement with Mauritania for two new exploration and production contracts in the country's deep offshore...

 2018-12-12 20:00 

OilPrice.com

China Pushes Global Oil Trading To All-time High In 2018...

The crude oil volumes traded this year are on track for a record high as China's yuan-denominated trades are offsetting lower activity in the Brent benchmark...

 2018-12-12 19:00 

OilPrice.com

Michigan Greenlights Oil Pipeline Project...

The Michigan Legislature approved the Great Lakes pipeline project that envisages the replacement of a section of Enbridge's Line 5 pipeline, which is 65 years old, and agreed to set up a state authority to oversee the construction of a tunnel for a s...

 2018-12-12 18:00 

OilPrice.com

Will Self-Driving Cars Ever Be Safe Enough?...

Collisions involving self-driving cars are on the rise, but the fault may not exactly lie with autonomous vehicles...

 2018-12-12 17:00 

OilPrice.com

OPEC Came Up Short Here's What They Should Do...

Rystad Energy, an energy consultancy doesn't think that the current OPEC+ compromise will boost oil prices significantly and thinks that the cartel should cut another 700,000 bpd to boost Brent to $70...

 2018-12-12 17:00 

OilPrice.com

Virus That Haunted Aramco In 2012 Is Back...

An updated version of the Shamoon virus that hit Saudi Aramco servers back in 2012 is back according to a representative of Alphabet...

 2018-12-12 16:00 

OilPrice.com

Crystallex Threatens Venezuela's Crown Jewel Citgo Again...

Venezuela's most valued overseas assets, Citgo, is once again under fire as Canadian miner Crystallex accused it of breaching a $1.4 billion settlement agreement...

 2018-12-12 15:40 

OilPrice.com

Oil Prices Steady After EIA Confirms Much Smaller Draw...

Oil prices held on to gains on Wednesday morning after the EIA reported a draw across the board...

 2018-12-12 15:00 

OilPrice.com

China Determined To Avoid Another Natural Gas Crisis...

Determined to avoid a natural gas supply crunch, the Chinese authorities are handling gas supplies much better this winter as both imports and domestic production are rising...

 2018-12-12 15:00 

OilPrice.com

Nigeria Continues To Depend Heavily On Oil Export Revenue...

Despite assurances that Nigeria is working to diversify its economy away from oil, the African OPEC member continues to depend heavily on oil exports, and consequently, on oil prices, for its international trade and export revenues...

 2018-12-12 00:00 

OilPrice.com

Global Market Turbulence Caps Oil Prices...

Oil prices only rallied modestly after OPEC and partners announced a new round of output cuts, and volatile global markets now seem to have put a cap on crude...

 2018-12-12 00:00 

OilPrice.com

What Would A New OPEC Look Like?...

The global oil markets could be about to see some drastic geopolitical changes as OPEC and Non-OPEC formalize cooperation in the first quarter of next year...

 2018-12-11 23:00 

OilPrice.com

Citi: Oil Prices Are Going Nowhere Next Year...

Brent crude could be stuck between $55 and $65 per barrel in 2019 due to rising oil stockpiles, according to Citi Bank analysts...

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