Chinese Oil Importers Shun US Crude Despite Tariff Reversal
Wednesday August 15, 2018 - Chinese oil importers are shying away from buying US crude.
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Emerging Markets Turmoil Revives Old OPEC Ghost
Monday, August 20, 2018 For more than two decades, OPEC has tried to avoid repeating a mistake that cost it dearly.
Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024
Friday, August 17, 2018 Rystad Energy expects the global oilfield service sector to be back at pre-downturn market levels by 2024.
Prices Edge Up As Focus Switches To Winter Storage
Friday, August 17, 2018 Asian LNG spot prices edged higher this week as attention shifted to cargoes for winter storage.
Japan Mitsubishi Corp To Acquire 25% Stake In Bangladesh LNG Terminal
Friday, August 17, 2018 Japan's Mitsubishi Corp says it has agreed to acquire 25% of Bangladesh's Summit LNG terminal.
Oil Rises In Session, But Has Weekly Loss On Trade Worries
Friday, August 17, 2018 Crude prices rose on Friday, but declined on the week.
Oil Edges Up As China,US Set Trade Talks But Markets Wary Of Slowing Demand
Thursday, August 16, 2018 Oil prices on Thursday clawed back some of the previous day's losses.
Japan Steps Up US LPG Purchases In Fallout From Sino-US Trade Conflict
Thursday, August 16, 2018 Japanese utilities and industrial companies are snapping up US cargoes of LPG.
BLOG: The Job of Keeping Offshore Workers Well-Fed Never Ends
Thursday, August 16, 2018 Find out what goes into keeping an offshore facility's galley operating 24/7.
Energy Market Volatility and Your Margins
Thursday, August 16, 2018 Large fuel consumers and other crude and refined products market participants share a common recurring concern: market volatility.
Crude Oil Settles Near Intraday High
Thursday, August 16, 2018 The September WTI oil futures prices ended Thursday's session six cents shy of the intraday high.
Billionaires Throw Weight Behind Oil Rally
Wednesday, August 15, 2018 The recovery in the oil industry is attracting some of the most recognized billionaires in money management.
Analysts: Oil Price Rise to Drive Up Drilling Globally
Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.
Exec: Upstream Culture Looking More Downstream
Wednesday, August 15, 2018 Pressure to drive down breakeven cost contributes to upstream culture shift.
Chinese Oil Importers Shun US Crude Despite Tariff Reversal
Wednesday, August 15, 2018 Chinese oil importers are shying away from buying US crude.
Global Upstream Project Delivery 'Finally Hitting the Mark'
Tuesday, August 14, 2018 Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.
After Billions in Blowouts, Mega Oil and Gas Projects Are Back
Tuesday, August 14, 2018 Investors are about to find out whether the world's largest oil companies have learned their lesson from $80B of cost blowouts in major projects during the era of $100 crude.
China Oil Refinery Output Up 12% In July, Buoyed By State Refiners
Tuesday, August 14, 2018 Chinese oil refinery output rose 11.6% in July from a year earlier.
Hardcore Hedge Fund Bulls Say Iran Sanctions May See Oil At $150
Tuesday, August 14, 2018 Some of the world's most prominent energy investors are convinced the price will return to record highs.
Dollar, Lira and Kingpin Weigh on Tuesday's Trading
Tuesday, August 14, 2018 A stronger US Dollar and a weakening Turkish lira factored into the oil market's performance on Tuesday.
U.S.-Iran Sanctions Give China Lead in Globe's Top Gas Field
Monday, August 13, 2018 CNPC is expected to take the lead on a $5 billion project to develop Iran's share of the world's biggest gas deposit.
Japan's Mitsui Chemicals Restarts Naphtha Cracker At Fire-Hit Plant
Monday, August 13, 2018 Mitsui Chemicals says it restarts a 500,000 tonne-per-year naphtha cracker plant in Osaka in western Japan.
PetroChina Mulls Suspending US LNG Purchases
Monday, August 13, 2018 PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
Oil Drops on Strong Dollar, Turbulence in Turkey
Monday, August 13, 2018 Oil drops as economic turbulence in Turkey and the strengthening greenback heightens concerns about global oil demand.
Europe Getting Serious About Buying US LNG
Friday, August 10, 2018 European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that.
Global O&G Pipeline Sector 'to Benefit from Growing Energy Demand'
Friday, August 10, 2018 The global oil and gas pipeline sector will continue to benefit from growing demand for energy, according to oil and gas analysts at Fitch Solutions Macro Research.
India To Step Up Use Of Biofuels To Cut Oil Import Bill
Friday, August 10, 2018 India aims to increase the use of biofuels to cut its oil import bill by 2022 and reduce carbon emissions, Prime Minister Narendra Modi says.
Oil Up On Iran Sanctions But Set For Weekly Decline
Friday, August 10, 2018 Crude oil prices rose more than 1% as US sanctions against Iran looked set to tighten supply.
At Iran's Risk, Trump Is Winning Over Fastest Growing Oil Market
Thursday, August 09, 2018 One of Iran's biggest oil customers is buying more US crude.
Cheniere CEO sees no impact from Chinese tariffs on U.S. LNG
Thursday, August 09, 2018 Cheniere CEO Jack Fusco says he does not expect proposed Chinese tariffs on US liquefied natural gas to have an economic impact on the LNG's company's existing contracts.
After Wednesday's Wild Ride, Crude Oil Stabilizes
Thursday, August 09, 2018 A day after hitting a nearly seven-week nadir, crude oil futures regained traction on Thursday but still ended the day lower.
OPEC Plus or OPEC Minus?
Wednesday, August 08, 2018 Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.
Shanghai Crude Benchmark: 'Eccentric Outlier' Rather Than Contender?
Wednesday, August 08, 2018 The crude futures contract that China launched with ambitions to challenge U.S. and European benchmarks is proving to be an eccentric outlier rather than a legitimate rival.
Ramp-up Underway for Vietnam's New $9B Refinery
Wednesday, August 08, 2018 he biggest oil refinery in one of Asia's fastest-growing economies is ramping up production and expects to run at full capacity in September.
China State Firms to Expand Domestic Oil, Gas Exploration After Xi's Call
Wednesday, August 08, 2018 China, the world's top energy user and also largest crude oil importer, is facing declining reserves and soaring development costs.
WoodMac Sees 'Loosening' of Oil Market Towards Year-End
Tuesday, August 07, 2018 Wood Mackenzie sees a 'loosening' of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, reveals in an interview with CNBC on Tuesday.
Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.
Iran's Oil-Market Realities: How Buyers Are Positioning for Sanctions
Monday, August 06, 2018 In 3 months' time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf nation's exports down toward zero and upend the global oil market.
3D Printers Poised to Shrink Distance Between Wellsite, Spare Parts
Monday, August 06, 2018 AdditiveNow is developing printing technology to make additive manufacturing more practical and affordable for oil and gas operations.
Saudi Arabia Crude Flows to U.S. Surge While Venezuela Output Declines
Monday, August 06, 2018 The world's largest oil exporter loaded 1 million barrels a day onto tankers bound for the U.S. in July. That's a 36 percent jump from June and the single biggest monthly flow to the U.S. since April 2017.
Stena Getting Offshore Rigs Back to Work with Simulators
Monday, August 06, 2018 The Stena Don semi-submersible. SOURCE: Stena Drilling
How to be a Good Manager in Oil, Gas
Friday, August 03, 2018 Rigzone talks to several oil and gas experts to find out what makes a good manager in the industry.
China Rejects U.S. Request to Cut Iranian Oil Imports
Friday, August 03, 2018 The U.S. has been unable to persuade China to cut Iranian oil imports, according to 2 officials familiar with the negotiations.
Chinese Tariffs on LNG, Oil May Hit US Bid for Energy Dominance
Friday, August 03, 2018 China had curtailed its imports of U.S. LNG over the last two months.
OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.
Timing Differences Impact Oil Price Psychology
Thursday, August 02, 2018 Oil prices are sensitive to changes in the outlook for market balance.
Crude Oil Rallies on Reported Cushing Drawdown
Thursday, August 02, 2018 'The news event was storage at Cushing,' Bob Yawger, director of the Futures Division with Mizhuo Americas, told Rigzone.
Big Oil's Winners and Losers Emerge
Wednesday, August 01, 2018 Crude prices rose to 3-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil's 2Q earnings.
Oil Falls 2% On Rising Supply, Concern About Trade Tensions
Wednesday, August 01, 2018 Oil prices fell about 2% as a surprise increase in US crude stockpiles fed concerns about global oversupply.
BP Confidently Pursues Growth
Tuesday, July 31, 2018 BP plc churned out more profit than expected in the second quarter.
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