Oil News
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By AFP
Washington -
US Secretary of State Mike Pompeo on Thursday demanded that Venezuela release six detained former Citgo executives, five of whom are US citizens, due to risks from the coronavirus.
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By AFP
Apo -
Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.
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By AFP
Apo -
Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.
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By AFP
Apo -
Saudi Arabia sent energy markets into a tailspin Monday after slashing crude prices, a risky gambit to sideline competitors including Russia that will test the fortunes of Crown Prince Mohammed bin Salman.
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By AFP
Moscow -
The Russian ruble tumbled Monday to a four-year low amid a crash in oil prices as authorities rushed to assure the public the country has accumulated enough funds to withstand the blow.The ruble fell 9.
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By AFP
Paris -
The world is set for its first annual decline in oil consumption in more than a decade due to the impact of the coronavirus outbreak, the IEA said Monday.
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By AFP
Georgetown -
Guyana's two main political parties were claiming victory on Wednesday with tensions rising as the oil-rich, cash-poor South American nation awaits the results of its general election.
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By AFP
London -
The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus.
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By AFP
Caracas -
Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with "strategic and sensitive" details of its sanctions-hit oil operations.
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By AFP
Mexico -
Mexico's state oil company Pemex on Thursday reported losses of 346 billion pesos ($18.3 billion) for 2019, a 92 percent increase on last year's deficit.
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By AFP
Washington -
The United States on Tuesday imposed sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its key role in Venezuela, stepping up international pressure to break leftist President Nicolas Maduro's grip on power.
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By AFP
Washington -
The United States on Tuesday announced sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its continued trade with Venezuela in defiance of Washington's attempt to break leftist President Nicolas Maduro's grip on power.
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By AFP
Den Haag -
A Dutch court Tuesday upheld an appeal by shareholders of the dismantled oil giant Yukos in a landmark ruling, boosting their fight in a $50 billion case for compensation.
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By AFP
Havana -
The Cuban government has ordered a cement factory to burn old tires to power its operations and save on oil, amid a worsening fuel shortage brought on by US sanctions on the Communist island.
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By AFP
Paris -
Global oil demand will suffer its first quarterly drop in a decade as the COVID-19 virus lashes the economy in China and its impact ripples throughout the world, the IEA said Thursday.
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By AFP
Mexico -
A former chief executive of Mexico's state oil company PEMEX accused of corruption has been arrested in Spain, Mexico's attorney general said on Wednesday.
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By AFP
Paris -
Rich nations are funnelling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that "run counter to the Paris Agreement", a new analysis showed Thursday.
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By AFP
Tripoli -
Forces loyal to military strongman Khalifa Haftar on Saturday blocked oil exports from Libya's main ports, the National Oil Company said, raising the stakes on the eve of international peace talks.
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New Iranian data wiper malware hast struck Bapco, Bahrain's national oil company. The malware is dubbed “Dustman” by the Saudi Arabia National Cybersecurity Authority, as Chris Kennedy of AttackIQ explains.
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By AFP
Istanbul -
Turkish President Recep Tayyip Erdogan will host Russian counterpart Vladimir Putin on Wednesday to inaugurate a new gas pipeline, with tensions in Libya and Syria also on the agenda.
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By AFP
Douala -
Armed men staged a night raid on a Greek oil tanker anchored in a Cameroonian port and abducted eight crewmen, including the vessel's Greek captain, the merchant marine ministry and the ship's owner said Tuesday.
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A rare algae enzyme has been shown to be able to convert waste cooking oil, via a photo-bio-catalytic continuous flow system, into a ready-to-use biofuel.
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By AFP
Berlin -
Germany on Saturday accused the United States of interfering in its internal affairs, in an increasingly angry spat over Washington's decision to impose sanctions on companies involved with a major project to supply western Europe with Russian gas.
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By AFP
Famagusta -
A Turkish military drone was delivered to northern Cyprus on Monday amid growing tensions over Turkey's deal with Libya that extended its claims to the gas-rich eastern Mediterranean.
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By AFP
Norway -
Under yellow metal legs stretching beneath the sea, billions of dollars lie buried. As the world tries hard to halt global warming, a huge oil field breathes new life into Norway's oil sector."Massive!
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By AFP
Vienna -
A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and slowing global economic growth.
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By AFP
Apo -
Saudi Aramco on Thursday priced its long-awaited IPO at the high end of the target range, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world's biggest stock sale.
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By AFP
New York -
Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP.
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By AFP
Paris -
The world will miss its chance to avert climate disaster without an immediate and all-but-impossible fall in fossil fuel emissions, the UN said Tuesday in its annual assessment on greenhouse gases.
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By AFP
Rio De Janeiro -
Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said Saturday, as President Jair Bolsonaro warned the country was preparing for the worst.
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Oil Image
Protesters opposed to the proposed Keystone XL demonstrate outside the White House in 2011. Chesapeakeclimate/Wikimedia Commons
Russian oil tankers parked at a rail station in July 2014. sergejf (CC BY 2.0)
A rig in the gulf where an explosion occurred on April 20, 2010. KK+
ENERGY: A major oil refinery in Port Arthur, Texas, is shown after it was damaged by Hurricane Rita in 2005. Leif Skoogfors-FEMA/Wikimedia Commons
BP Gulf of Mexico BP p.l.c
World energy consumption, 1970-2025. United States Department of Energy
DigitalJournal.com, File photo
Uncontacted Indians' territory in Peru is being
invaded by oil companies. ©Anon/ Survival
Francis Bacon, Second Version of Triptych, 1944 / 1988. Oil and alkyds on canvas. Each panel 198 x 147.5 cm (each panel), Tate Modern, London. © Estate of Francis Bacon / SODRAC (2013) © Estate of Francis Bacon / SODRAC (2013)
LOCATION; Photo/Graphic shows approximate location of the May 19th oil spill from the Plains All American Pipeline near Refugio Beach in Santa Barbara, Calif. Jwncv - Santa Barbara, California/Wikimedia Commons
LOCATION; Photo/Graphic shows approximate location of the May 19th oil spill from the Plains All American Pipeline near Refugio Beach in Santa Barbara, Calif. Jw4nvc - Santa Barbara, California/Wikimedia Commons
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez, Alaska. Ryan McFarland from Petersburg, AK
The new ship and the world's largest, The Prelude Shell Oil
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