Category: Energy

The United States will remove the sanctions it imposed on Chinese tanker operator Cosco for violating the Iran oil sanctions, Reuters reports, citing sources in the know.
One of the sources, from a large Chinese oil company, said Cosco had already been taken off the sanction list […]

Retail investors with long positions in crude oil markets had little to cheer about in 2019 as the market failed to maintain the early-year rally as pipeline outages, geopolitical tensions and dramatic changes in ship fuel regulations shook up the global oil market leading to high volatility.
It was an annus mirabilis, though, for large oil…

Iran’s Deputy Atomic Energy Organization Director Ali Asghar Zarean made a key, provocative announcement on Saturday, saying the Islamic Republic has now passed the low uranium enrichment threshold for a nuke. 
“At the moment, if (Iranian authorities) make the […]

Another billion-dollar energy project is polarizing Canada once again, but this time, it’s got nothing to do with pipelines, or even LNG terminals. It’s the Frontier oil sands mine that the federal government of Justin Trudeau must approve or reject by the end of next month […]

Heard of Europe’s Green Deal? No?
That may not be surprising, as it was only announced last month. While it sounds like the latest fruit and veg special offer at your local supermarket, it is likely to be one of the most profound policy […]

Short sellers have increased their bearish bets on four of six of the biggest oil companies as oil prices came under intense downside pressure after the coronavirus outbreak in China.  
Short interest in ExxonMobil, ConocoPhillips, Petrobras, and Occidental Petroleum increased in the period January 1 to 15, while the number of bearish bets on Chevron and BP dropped […]

After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year.

U.S. oil production is expected to average 13.3 million barrels per day (mb/d) in 2020, an increase of 9 percent from last year, according to the EIA. The agency sees output […]

The investment case for oil companies has been under attack recently. Climate change activists know that the dividends paid by the largest of these companies are among the most lucrative and stable over time, of any payers in the marketplace today. Further, they know these attacks will receive wide coverage precisely […]

Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand.   At 08:25 a.m. EDT on Monday, WTI Crude was down 3.19 percent at $52.46 and Brent Crude traded down 3.11 percent at $58.03, as […]

Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration (EIA) said on Friday.

Last year, shale production accounted for 64 percent of […]

Belarus has just bought two cargoes of Johan Sverdrup, the recently commissioned Norwegian oilfield and is in talks with several oil-producing countries from the Soviet Union to ramp up crude imports in the upcoming weeks. This in and of itself might not seem such a big thing yet considering that Belarus in the past […]

The manager of the account of Angola’s state oil firm Sonangol at a Portuguese bank was found dead in Lisbon on Wednesday, just before he was named as a suspect in an embezzlement case against the former head of Sonangol, Isabel dos Santos, daughter of the former Angolan president and believed to be Africa’s […]