April 20, 2018

Russia And Iran Hit Back At The Petrodollar

Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in U.S. dollars and plan to keep it going for five years, […]
April 20, 2018

EPA Set To Unveil More Flexible Rules For Oil And Gas Industry

The U.S. Environmental Protection Agency (EPA) is expected to announce on Friday a new policy that could help avoid costly legal battles over companies violating pollution […]
February 15, 2018

Saudi Plans To Double Natural Gas Output In 10 Years

Saudi Arabia plans to double its natural gas production over the next ten years, the country’s energy minister told reporters on Wednesday. “When it comes to […]
February 9, 2018

U.S. Looks To Sell 15% Of Strategic Petroleum Reserve

The budget deal that the U.S. Congress reached on Wednesday includes the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) […]
January 9, 2018

Tesla Begins Mass Production Of Solar Shingles

Tesla began manufacturing its solar powered shingles for mass market release, according to CEO Elon Musk’s Tuesday email reported by Bloomberg. Musk introduced the concept to […]
January 9, 2018

Oil Prices Rise After API Reports Staggering Crude Oil Draw

The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5, […]
January 5, 2018

China To “Deal Seriously” With Violators Of Oil Sanctions On North Korea

China’s government promised on Friday to “deal seriously” with people or companies that may have violated United Nations sanctions by illicitly delivering oil to North Korea. […]
January 5, 2018

Oil Price Rise Not Enough: Angola Ditches U.S. Dollar Peg

To offset the decline in its foreign currency reserves, OPEC member Angola—which relies on oil for 90 percent of government revenues—is ditching its currency peg to […]
January 4, 2018

Iranian Crisis Could Send Oil To $100

Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel […]
January 4, 2018

Oil-Rich Venezuela Is Out Of Gasoline

After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not […]