Crude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with a draw of 3.7 million barrels for the […]
Texas crude oil pipelines are nearing capacity, with major pipelines between the Permian Basin and the Port of Corpus Christi currently more than 90% full. Potential export constraints could arise as US crude production continues […]
Iranian Petroleum Minister Owji: Russia and Iran will start working soon on energy corridor. The corridor is now an adjunct project of the US$40 billion four-pronged deal agreed in principle between Russian gas giant Gazprom […]
BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP’s low […]
Protesters took to the streets across Venezuela on Tuesday (30 July), demanding that President Nicolás Maduro acknowledge he lost Sunday’s election to the opposition, as a major international observer concluded the vote was undemocratic. […]
India’s Hindustan Petroleum, a unit of state-owned ONGC, is working to secure long-term liquefied natural gas supplies for its delayed 5 mtpa Chhara LNG import terminal in Gujarat, according to its management. Asked about the […]
LNG bunkering volumes in the Dutch port of Rotterdam continue to break records, as the global fleet of LNG-fueled vessels keeps growing. Europe’s largest bunkering port and home of the Gate LNG import terminal reported […]
Escalation or even all-out war is likely more than ever in recent years, after the killings on Tuesday and Wednesday (30 and 31 July) of two senior commanders of forces hostile to the state […]
A unit of China National Offshore Oil Company (CNOOC) has completed lifting the roof on one 270,000-cbm tank as part of an expansion project at its Ningbo LNG import facility in the Chinese province of […]
Athletes are ditching the Olympic village after being forced to deal with vegan food, cardboard beds, cramped rooms, and no AC. Athletes are ditching Paris’s Olympic village for greener pastures after being forced to deal […]
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