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Oil&Gas Drilling
An Canadian Oil Platform Spilled Nearly 3,200 Gallons of an Oil-water Mix into the Atlantic Ocean
An oil platform off the Canadian island of Newfoundland spilled nearly 3,200 gallons of an oil-water mix into the Atlantic Ocean, and efforts were underway to…
Crude
US Crude Inventories Fell 3.1 Million Barrels, the EIA Said
Oil prices steadied on Thursday after falling in the previous session when official data showed United States (US) stockpiles of products like gasoline rose sha…
Global Biodiesel Market is Expected To Register a 3.1% CAGR Over the Period, 2018–2026
This is according to a recent study on biodiesel 'Anticipated Increase in Biodiesel Blending Ratio to Support Market Growth' published by Persistence Market Res…
Crude
Chevron Spills Nearly 800,000 Gallons of Oil and Water into a California Canyon
Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less…
Shale Gas
Shale Oil And The Illusion of US Energy Independence
U.S. crude oil and energy product exports surged to an all-time high in the third week of June, making the country a net exporter of oil and products for the th…
Oil & Gas Trade
The Oil Market will Weigh Fresh Cues on Chinese Demand
Sour crude benchmark Dubai futures' discount to ICE Brent widened slightly in mid-morning trade in Asia Monday, while the market will weigh fresh cues on Chines…
Crude
Crude Oil Futures were Lower During Mid-Morning Trade in Asia
Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil funda…
Iranian Officials have Threatened to Seize 'a British Tanker' in Response
Iranian officials have threatened to seize 'a British tanker' in response to the arrest of VLCC Grace 1 in Gibraltar last week, allegedly carrying Iranian crude…
Crude
Tropical Storm Barry Reduces Gulf Crude oil Output By 59 Percent
Crude oil output in the U.S.-regulated areas of the Gulf of Mexico has been cut by almost 59 percent, or 1.1 million barrels per day, because of Tropical Storm …
Crude
Chevron Spills 800,000 Gallons Of Oil, Water In Central California
California authorities are preparing to start cleaning up an oil spill that dumped nearly 800,000 gallons of oil and water into a Kern County canyon.
Crude
To Avoid Excess Stock Buildup, Saudi Oil Output to Remain Below 10 mil b/d
Saudi Arabia's oil production will remain below 10 million b/d through August and its exports will stay under 7 million b/d to avoid excess stock buildup in an …
Crude
Oil and Gas Remained Part of Key Solutions in Combating Climate Change
The Organisation of the Petroleum Exporting Countries said on Monday that it believes oil and gas remained part of key solutions in combating climate change.
Oil & Gas Trade
Iran's Oil Minister: US, not Iran, Threatens World's Energy Security
Iran's oil minister says the world's energy supply is threatened by the United States, not Iran which is a major guarantor of energy stability and peace in the …
Oil & Gas Trade
India Says its Relations with Iran not Influenced by Any Third Country
"India's bilateral relations with Iran stand on their own and are not influenced by India's relations with any third country," Minister of State for External Af…
Oil & Gas Trade
OPEC Formally Embraces Russia, Other Non-Members In Expanded
OPEC used to shift world oil markets with a single announcement. These days, the Saudi-led organization needs help from some key partners — most significantly …
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