The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
Read More »Bipartisan Conservation Fund Protects Public Lands. Relies on Oil and Gas Revenues
API released the following statement as a bipartisan group of House lawmakers introduced legislation to guarantee $900 million in annual funding to the Land and Water Conservation Fund (LWCF).
Read More »China’s Father of Electric Cars Says Hydrogen Is the Future
His vision to make China an electric-vehicle powerhouse revolutionized the global auto industry. cementing a move away from the combustion engine.
Read More »Port Authority Investigating Mysterious Chemical Cloud Release From Transocean Rig
The Cromarty Firth Port Authority confirmed last night that it is investigating a report of a mysterious ``chemical cloud`` release from the BP-contracted rig that was occupied by Greenpeace activists.
Read More »All Crew of Damaged Oil Tankers in Sea of Oman Rescued by Iran
All crew members of the two oil tankers which were hit in the Sea of Oman were saved by Iranian rescue teams.
Read More »E3 Underlines delivering 1st INSTEX transaction
Ambassadors of the UK. Germany and France in a statement stressed delivering the first transaction of the Instrument in Support of Trade Exchanges (INSTEX).
Read More »Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »OPEC Cuts 2019 Oil Demand Growth Forecast
World oil demand will rise by 1.14 million barrels per day this year. 70.000 bpd less than previously expected.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »OPEC Nears Deal to Keep Output Curbs in Place
OPEC is currently scheduled to meet on June 25.
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