Energy News Beat Publishers Note: Iran not coming to the table can mean two things: First, they can keep pumping as much oil as they can for cash. With the additional 590,000 bpd coming online […]
The use of an executive committee is usually to expedite decision making and maintain oversight over the day to day management on a regular basis. In Adnoc’s case, the formation of the board and committee […]
Given data lags and uncertainty, it is often said that the Fed guidance of the economy is like someone driving through a tunnel with the windshield painted black, relying on the rearview mirrors and bouncing […]
Israel on Sunday broadened its search for the ship behind an oil spill that blackened its beaches with tar after investigators ruled out one of the suspected tankers. An Israeli team, in coordination with Greek authorities, carried out […]
Energy News Beat Publishers Note: The environment would have been dramatically less impacted transporting the oil through the Keystone Pipeline rather than rail cars. Pipelines are needed for the migration to “Green” and are overlooked […]
Imports from Opec members averaged 336,000 b/d in December, down by 237,000 b/d from the previous month and a decline of nearly 1mn b/d from a year earlier. It marked the lowest monthly average for […]
ICE exchange, home of Brent oil futures trading, has put pressure on pricing agency Platts to postpone its physical Brent market reform, saying the market needs more time to consult and adjust the value of derivatives in line with the […]
Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its […]
Singapore — 0549 GMT: Crude oil futures were lower during midafternoon trade in Asia Feb. 26 as a risk-off sentiment in equities markets added downward pressure to oil prices, further hurt by rising bond yields pushing […]
Africa’s largest crude producer will tap the services of the military to protect its oil and gas infrastructure in a bid to curb daily losses from theft and vandalism. Nigeria is losing about 200,000 barrels […]
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