January 19, 2019

China’s Teapots Don’t See Major Impact From Shandong Oil Product Rules

Chinese independent refiners—commonly known as teapots—are not expected to be heavily impacted by restrictions on production, blending, and sales of oil products that the Shandong province, […]
January 19, 2019

Eastern Forces Kill Senior Al Qaeda Commander In Southern Libya

Eastern Libyan forces, who launched earlier this week a military operation in Libya’s south to fight extremists and secure oil facilities, have killed a senior operative […]
January 19, 2019

Tesla Cuts 7% Of Full-Time Jobs To Keep A Lid On Costs

Tesla said on Friday that it would reduce full-time employee headcount by around 7 percent, aiming to cut costs as it looks to start delivering lower-priced […]
January 19, 2019

Saudis Look To Build Oil Refinery, Petrochemical Plant In South Africa

Saudi Arabia plans to build an oil refinery that would use Saudi crude, as well as a petrochemical plant in South Africa, as part of US$10 […]
January 19, 2019

Sinopec Ready To Pour $3 Billion In Iran Oil

China’s largest crude oil refiner, Sinopec, has offered US$3 billion to Iran’s state oil company, NIOC, to jointly expand the development of a major field in […]
January 19, 2019

Oil Prices Jump As China Seeks To End Trade War

Oil prices were relatively quiet this week, bouncing around, but closed out the week on a positive note. (Click to enlarge) (Click to enlarge) (Click to […]
January 18, 2019

CNOOC Eyes Doubling Of Reserves By 2025

China’s CNOOC will seek to boost its crude oil reserve base and increase the number of new exploration projects it is involved in twofold over the […]
January 18, 2019

US Oil, Gas Rig Count Plummets As Oil Prices Surge

By Julianne Geiger – Jan 18, 2019, 12:36 PM CST Baker Hughes reported a drastic reduction to the number of active oil and gas in the […]
January 18, 2019

U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

By Irina Slav – Jan 18, 2019, 11:00 AM CST Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the […]