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Oil

Crude
Brazil says Oil in Spill Along Northeast Beaches Not Brazilian
Brazil’s environmental agency Ibama said on Thursday that an analysis of a vast oil spill along the country’s northeastern beaches showed the spilled crude di…
Oil & Gas Trade
Turkey will Continue Oil, Natural Gas Trade with Iran
Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions,…
Oil & Gas Trade
Curbs on Iran and Inflating US Oil Exports
The most hawkish of Trump’s aide and staunch advocate of pre-emptive strikes on Iran, former national security adviser John Bolton, was ousted from the White H…
Oil & Gas Trade
Sinopec to Start Producing Low-Sulphur Bunker Fuel at Qilu by End-Oct
Sinopec Corp expects to start operations at the marine fuel oil blending facilities at its Qilu refinery in eastern China’s Shandong province by the end of Oct…
Carbon-Free 2050: Five Ways The UK Energy Industry Will Have to Change
The UK government's target of reaching net zero emissions by 2050 is ambitious, with reliance on North Sea oil and a ban on onshore wind farms hamstringing the …
Oil Price
Oil at $100 per barrel?
The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply s…
Oil Price
Is Saudi Aramco Lying about its Damaged Oil Infrastructure?
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated.
Oil and Gas Equipment
Repairs to the Saudi Oil Facilities After Devastating Attacks could Take Months
Saudi Aramco's repairs on its oil facilities that suffered devastating attacks last week are in emergency mode, but could still take several months before they'…
Oil & Gas Trade
Trump’s Disdain for Alliances Backfires
A strange thing happened when the Trump administration tried to recruit an international coalition of naval forces to protect oil tankers in the Persian Gulf th…
Oil CEOs Push Carbon-Capture Efforts Ahead of Climate Talks
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New Yor…
Oil & Gas Trade
US Slaps Sanctions On Iranian Central Bank—What’s Next?
The United States on Friday has taken the first step in its response to the attacks on Saudi oil infrastructure by imposing more sanctions on Iran, but the resp…
Oil & Gas Trade
Shell, Exxon Close Deal To Build Five LNG Import Terminals
Shell and Exxon are among the companies picked by the Pakistani government to build five LNG import terminals as part of efforts to boost natural gas imports to…
Oil & Gas Trade
It's Time For Traders To Take Advantage Of High Oil Prices
Citigroup is advising traders to sell their positions on oil and use the proceeds to hedge against a decline in equity markets, Bloomberg reports, citing a note…
Oil & Gas Trade
China's Quest Is Changing the Global LNG Market on Trade, Investment And Prices
The major transformations that are occurring on the Chinese gas market have profound repercussions on the global gas and LNG markets, especially on trade, inves…
Cooperation case
Energy Cooperation Can be Among BRI's Mutual Benefits
China needs to reduce its dependence on imported crude oil, which reportedly stood at nearly 70 percent in 2018, because energy security is a matter of national…

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