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Five Major Challenges Facing The Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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092019-07

Neste to divest its fuel retail business in Russia and sell it to Tatneft
Neftegaz.RU. Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region t

062019-07

Calima Energy sees greater resources in Canada
Australia's Calima Energy has announced that an independent assessment has shown a significant increase in total resources at the onshore Montney shale play in

042019-07

Crude oil futures stable amid lack of fresh cues, geopolitical risks
0305 GMT: Crude oil futures were largely stable during mid-morning trade in Asia Monday amid lack of fresh cues, while ongoing geopolitical risks helped to keep

022019-07

Iraqi oil minister expects 6-9 months OPEC output deal extension
Iraqi Oil Minister Thamer Ghadhban said on Sunday that he expects a global deal cutting crude production to be extended by six to nine months and that his count

302019-06

Saudi energy minister backs OPEC+ oil cut extension, after Putin, MBS meet
OPEC and its allies appear set to continue their oil supply cuts at the same levels through the first quarter of 2020, with the de facto leaders of the produce

292019-06

Kuwait's KUFPEC discovers gas in Malaysian block SK-410B
DUBAI - Kuwait Foreign Petroleum Exploration Company (KUFPEC) said on Thursday it had made a significant gas discovery in block SK-410B in Malaysia.The block is

282019-06

EIA: US crude inventories drop 12.8 million bbl
US crude oil inventories for the week ended June 21, excluding the Strategic Petroleum Reserve, decreased by 12.8 million bbl from the previous week, according

272019-06

Exxon to partner with carbon capture firm
Exxon Mobil Corp on Thursday said it would partner with Global Thermostat to try to bring carbon capture technology to industrial scale.It is the latest low-car

262019-06

Global oil demand growth to improve in H2-2019: OPEC
OPEC has expected global oil demand growth to improve seasonally, from the sluggish performance seen in H1-2019, with growth in H2-2019 forecast at 1.2 millio

242019-06

OPEC's market share in the international oil market declines
OPEC's market share in the international oil market is declining, because OPEC is deliberately limiting its own production capacity in order to maintain high oi
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