June 17, 2018

India’s Biggest Bank To Stop Handling Iran Oil Payments

India’s largest bank, State Bank of India, has told local refiners that it will no longer handle payments for oil imports from Iran beginning in November, […]
June 17, 2018

240,000 Bpd Offline Following Clashes In Libya

By Irina Slav – Jun 15, 2018, 11:00 AM CDT Continuing clashes between the Libyan National Army and rival militant groups have cut Libya’s oil production […]
June 17, 2018

OPEC Back “In the Driver’s Seat”

Oil markets are on edge as OPEC’s June 22 meeting in Vienna quickly approaches.  (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) […]
June 17, 2018

Electronics Giant Commits To 100% Renewables

Samsung will soon draw 100 percent of its electricity needs from renewable energy sources across all its sites in the United States, Europe, and China, the […]
June 17, 2018

Rig Count Falters Amid Oil Price Correction

By Julianne Geiger – Jun 15, 2018, 12:20 PM CDT Baker Hughes reported a dip in the number of active oil and gas rigs in the […]
June 17, 2018

Norway Looks To Build Its First Offshore Floating Wind Farms

Norway’s Petroleum and Energy Minister Terje Søviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms […]
June 17, 2018

3 Possible Outcomes From The OPEC Meeting

The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase […]
June 17, 2018

Venezuela’s Oil Sales To China Set To Plunge To 8-Year-Low

Venezuela’s economic and oil industry demise is likely to result in its crude oil exports to China plummeting to their lowest level in almost eight years […]
June 17, 2018

U.S. Shale, OPEC To Discuss Market Balance In Vienna

By Irina Slav – Jun 15, 2018, 9:30 AM CDT As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy […]