SINGAPORE, Sept 7 (Reuters) – China’s crude oil imports in August fell 9.4% from a year earlier, customs data showed on Wednesday, as outages at state-run refineries and lower operations at independent plants caused by […]
LAUNCESTON, Australia, Sept 6 (Reuters) – It’s tempting to dismiss the decision by the OPEC+ group to cut crude oil production by 100,000 barrels per day (bpd) in October as a statistical insignificance that will […]
We are in major turmoil (pun) around the world’s energy crisis. Where do you think oil and gas prices are going from here? Key influencing factors include; Decreased demand due to economic factors Germany’s major […]
Nuclear power may be on the verge of a global renaissance just over a decade after the Fukushima disaster placed its future in doubt. The global shortage of gas in the face of the Ukraine […]
(Reuters) bp plans to restore power to a repaired electrical system at its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery within two to three days, sources familiar with plant operations said on Monday. Repair crews have […]
Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]
As Iran remains hopeful that a revived nuclear deal will enable it to ramp up crude exports soon amid favorable market conditions, the question is just how quickly its traditional customers would be willing to […]
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out. About 93 million […]
Russia has been sending huge volumes of cheap crude to Asia in recent months, but Saudi Arabia is now eating into this new market share by reducing its oil prices. A combination of India importing […]
UK workers’ union Unite has started a ballot for over 300 offshore drilling and contract maintenance workers covered by the United Kingdom Drilling Contractors Association (UKDCA) on strike action. The ballot opened on August 22 and […]
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