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Alaska Sees Record Breaking Year For Oil And Gas Leases

Nov 24, 2018 by Administrator

Alaska Sees Record Breaking Year For Oil And...

Gas to overtake coal as world's second largest energy source by 2030, says IEA

Nov 22, 2018 by Administrator

Gas to overtake coal as world's...

Iran’s Ghost Tankers Are Slipping Through The Cracks

Nov 13, 2018 by Administrator

Iran’s Ghost Tankers Are Slipping...

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The Real Reason For Higher Gas Prices

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Posted on Jul 5, 2018 by Administrator

The Real Reason For Higher Gas Prices By Robert Rapier - Jun 09, 2018, 6:00 PM CDT   You probably have noticed that gasoline prices are again on the rise. Predictably, I have already seen stories arguing about President Trump’s culpability in this current price rise. It never fails that when gasoline prices decline, a President and his allies are quick to take credit. And when prices rise, the opposition party is ready to cast...

Oil settles at 2-month low as crude supplies rise unexpectedly

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Posted on Jun 10, 2018 by Administrator

Oil settles at 2-month low as crude supplies rise unexpectedly   Published: June 6, 2018 3:07 p.m. ET EIA reports weekly climb crude stockpiles, jump in gasoline supplies Reuters The Cardon refinery in Venezuela, owned by state oil company PdVSA By Myra P. Saefong Markets/commodities reporter   Sara Sjolin Markets reporter...

Crude Prices Slip After API Reports Crude Draw, Gasoline Build

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Posted on Jun 6, 2018 by Administrator

Crude Prices Slip After API Reports Crude Draw, Gasoline Build By Julianne Geiger - Jun 05, 2018, 3:52 PM CDT   As oil prices continues to fall, the American Petroleum Institute (API) reported a draw of 2.028 million barrels of United States crude oil inventories for the week ending June 1, compared to analyst expectations that this week would see a smaller draw in crude oil inventories of -1.824 million barrels . Last week, the American Petroleum...

Aramco Separates Non-Oil From Core Oil Assets Ahead Of IPO

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Posted on Jun 5, 2018 by Administrator

Aramco Separates Non-Oil From Core Oil Assets Ahead Of IPO By Tsvetana Paraskova - Jun 04, 2018, 1:00 PM CDT   Saudi Aramco is restructuring its non-oil businesses into subsidiaries and possible spin-offs as it aims to streamline operations and achieve a higher valuation for its profitable core oil business ahead of the IPO, Reuters reported on Monday, citing industry and financial sources. Around six months ago, Saudi Aramco set up a new subsidiary...

Saudis May Hike July Oil Prices To Asia To More Than 4-Year-High

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Posted on Jun 4, 2018 by Administrator

Saudis May Hike July Oil Prices To Asia To More Than 4-Year-High By Tsvetana Paraskova - Jun 01, 2018, 8:00 PM CDT   Saudi Arabia may raise again its official selling prices (OSPs) for oil bound for Asia in July, and the price of its flagship Arab Light crude could reach its highest since February 2014, a Reuters survey of five refiners and traders showed on Friday. The possible increase could come as Asian demand for Middle Eastern crude oil is growing...
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