Source: Reuters
The British-flagged tanker Stena Impero detained by Iran in July remains in that country even though it has been legally cleared to leave, the tanker’s Swedish owner Stena Bulk said on Tuesday.
Iran’s ambassador to Britain, Hamid Baeidinejad, …
Source: Houston Chronicle –
Iran has completed all legal procedures necessary to release a U.K.-registered oil tanker it seized more than two months ago, a government spokesman said, as Tehran faces pressure to take conciliatory steps after being blamed for …
Source: Reuters –
Yemen’s Iran-aligned Houthis will stop aiming missile and drone attacks at Saudi Arabia if a coalition targeting Yemen does the same, a Houthi official said on Friday, nearly a week after the Houthis claimed a strike on …
Source: Reuters
Oil prices rose sharply on Thursday, supported by supply risks as the market assesses the fallout from last weekend’s drone attacks on Saudi oil infrastructure.
Brent crude futures LCOc1 gained 96 cents to $64.56 a barrel by 1347 …
Source: Reuters
Saudi Arabia said on Wednesday a weekend attack on Saudi Aramco had no impact on government revenues and authorities were gearing up to list the state oil giant, signaling the kingdom’s resilience following the crippling strike on its …
Source: Reuters –
Mexico’s government will uphold its pledge to keep fuel prices stable and has gasoline supplies secured despite attacks on Saudi oil sites, President Andres Manuel Lopez Obrador said on Tuesday.
Lopez Obrador told a regular news conference …
Source: Reuters –
Iran’s supreme leader on Tuesday ruled out talks with Washington after President Donald Trump blamed Tehran for a crippling attack on Saudi Arabia’s oil facilities.
Saudi King Salman called on governments around the world to confront the …
The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for “drastic steps” to reduce carbon emissions.
Over the last decade, EU …
China’s decision on September 11 to waive tariffs on an array of U.S. exports came as welcome news to a variety of American businesses, as did the Trump Administration’s reciprocal action of delaying new tariffs on Chinese goods …
White House officials on Wednesday urged U.S. biofuel producers to accept the administration’s offer to raise biofuel blending mandates next year by 5% even if it falls short of their demands, and said a deal must be reached …
A former Trump administration official who oversaw oil and gas drilling on federal lands resigned last week to work for Papua New Guinea-based Oil Search Ltd, which is expanding its Alaska operations, the Washington Post reported on Wednesday.…
DENVER – The Colorado Oil & Gas Association (COGA) responds to Adams County Board of Commissioners’ adoption of oil and natural gas regulations:
“By approving these new, unreasonable regulations, Adams County commissioners ignored the will of their citizens and the …
When then-Colorado Congressman Cory Gardner challenged incumbent Senator Mark Udall in 2014, politically-active oil and gas interests in the state had little problem with supporting the challenger’s candidacy. Gardner had been a supporter of the oil and gas …
From Reuters
Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion.
The deal announced by President Andres …
From Reuters
Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.
Brent crude LCOc1 settled …
From CNBC
Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state.
The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on …
From Reuters
China Petroleum & Chemical Corp, or Sinopec, is seeking a tariff exemption for U.S. oil being imported in coming months, sources familiar with the matter said, after Beijing late last week imposed retaliatory tariffs on U.S. goods, including …
From Reuters
Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal.…
Houston’s Citgo Petroleum is under attack on multiple fronts. Creditors for its parent company want to seize its refineries. It’s at the center of a fight for control over Venezuela. The Justice Department is investigating it …
From Reuters
China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global …
From Reuters
President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.
Trump, who has …
From AP News
From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, …
From Reuters
Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution.
“It’s going well, …
From Reuters
Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.
Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …
In a victory for Venezuela’s opposition government, a U.S. judge confirmed Citgo Petroleum’s board of directors appointed by Juan Guaido, squashing socialist leader Nicolas Maduro’s efforts to regain control over the Houston oil refiner.
On Wednesday …
The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.
U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …
From Reuters
Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.
Brent crude LCOc1 …
An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next …
From CNBC
An escalating trade war between the world’s two largest economies is negatively impacting the outlook for U.S. crude shipments, energy analysts have warned, amid fears that China could soon dramatically reduce its intake of American oil.
Trade tensions …
From Reuters
Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a …
