Tesla is far from alone in trying to electrify semi trucks.
Read More »Statoil fined $4million over attempts to ‘manipulate’ market
Statoil’s plan to profit by creating an artificial settlement price for Statoil’s financial and physical propane positions did not materialize as hoped.
Read More »Adipec 2017: China to Become 2nd Largest LNG Importer ‘Within a Year or Two’
The International Gas Union’s 2017 World LNG Report says Japan is the top importer of LNG. followed by South Korea. with China in third place.
Read More »Citgo is Key Link between US and Venezuela
In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.
Read More »Oil Edges Up as Expected Extension of OPEC Cuts Counters Rising U.S. Supplies
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »Saudi Aramco to Invest $300 Billion in Upstream Projects
Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.
Read More »U.S. Shale to Beat Saudi Production Growth
This production growth rate will turn the United States from a net importer of oil into a net exporter by 2025.
Read More »US Sanctions may Hurt TurkStream Project. Gazprom Warns
Gazprom warned investors last month that the sanctions may result in delays.
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