Search articles

Search articles

Insert the term you are looking for and Nyouze is going to look for the proper articles

OilPrice.com Daily News Update

U.S. Sanctions Won’t Affect Iraq-Iran Crude Oil Swap Deal

2018-06-23 06:16:06

The return of the U.S. sanctions on Iran will not impact an agreement between Iran and Iraq to swap crude oil, Iraq’s Oil Minister Jabbar al-Luiebi said on Friday. Iraq and Iran agreed last year to be

OilPrice.com Daily News Update

Sudan, South Sudan To Discuss New Oil Recovery Plan

2018-06-23 03:00:43

Sudan and South Sudan will discuss plans to recover oil infrastructure and production next week, the foreign minister of Sudan said on Friday. The oil talks will be held when South Sudan’s President S

OilPrice.com Daily News Update

A Hot, If Not Very Sexy, Take On The OPEC News

2018-06-23 03:00:43

As I write this piece, we are still awaiting the official announcement of the outcome of the OPEC+ meeting in Vienna, but given the organization’s penchant for controlled leaks, and given that every m

OilPrice.com Daily News Update

Oil Markets Will Only Get Tighter

2018-06-23 03:00:43

Friday June 22, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data a

OilPrice.com Daily News Update

Global Energy Advisory – 22nd June 2018

2018-06-23 03:00:43

The hottest shale oil play in the United States may be nearing its limit in production because of a growing shortage of pipeline capacity. Drillers are already being forced to leave wells unfracked be

OilPrice.com Daily News Update

How To Trade OPEC’s Production Boost

2018-06-23 03:00:42

I’ve been waiting for the last minute to write this column, waiting on the decision of OPEC in Vienna this morning. While the final decision isn’t official, it seems that the cartel has agreed to a gr

OilPrice.com Daily News Update

Oil Rises On OPEC’s Production Decision

2018-06-23 03:00:42

U.S. West Texas Intermediate is trading higher on Friday after OPEC and other major oil producers agreed on oil production levels starting from July. The intraday spike to the upside actually changed

OilPrice.com Daily News Update

Germany Neglects Renewables, Set to Miss 2020 Climate Goals

2018-06-23 01:00:29

While the newly installed German government grapples with divisions over migration policies in its first 100 days of office, its inaction on energy policies and climate goals is angering utilities, tr

OilPrice.com Daily News Update

The New OPEC Deal: Paper Barrels Won’t Materialize

2018-06-23 01:00:28

After a hectic week of unofficial meetings between OPEC members in Vienna, largely in and around the Hofburg, the former residency of the Austrian Emperor Franz Jozef and his wife Sisi, an official pr

OilPrice.com Daily News Update

PDVSA: Venezuela Will Struggle To Recover Lost Oil Production

2018-06-22 23:00:16

Venezuela will be hard put to recover by end-2018 the crude oil production that it lost in the last couple of years, the country’s Oil Minister said during OPEC’s meeting in Vienna. Reuters quoted the

OilPrice.com Daily News Update

OPEC’s Agreement Sends Oil Prices Soaring

2018-06-22 23:00:16

OPEC has finally met, and as most expected, the cartel agreed that any country within the group that has space capacity will be able to boost oil production, with Saudi Arabia and Russia arguably stan

OilPrice.com Daily News Update

Rig Count Falls As U.S. Oil Output Flatlines

2018-06-22 21:00:12

Baker Hughes reported another dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 7 rigs, according to the report, with the number of oil rigs decrea

OilPrice.com Daily News Update

How Do Predictions Stack Up 30 Years After The First Global Warming Warning?

2018-06-22 21:00:12

This week marks the 30th anniversary of the first public warning that global warming had started, and climate scientists are assessing where the predictions of the NASA scientist who sounded the alarm

OilPrice.com Daily News Update

OPEC+ Proposes 1-Million-Bpd Production Increase

2018-06-22 19:00:12

Update: OPEC chairman Kachikwu says that OPEC+ will add 700,000 bpd ‘real barrels’ The joint ministerial monitoring committee of OPEC, Russia and the other non-OPEC partners has proposed a production

OilPrice.com Daily News Update

U.S. Asks Japan To Stop Importing Iranian Crude

2018-06-22 19:00:12

The U.S. has asked Japan to completely stop importing Iranian crude, unnamed sources close to bilateral talks from earlier this week told Bloomberg. Japan has not yet decided how to proceed, but talks

OilPrice.com Daily News Update

Tesla Closing Down Solar Capacity

2018-06-22 19:00:12

Tesla is closing down solar panel sales and installation facilities in nine states, Reuters reports, citing current and former employees of the company’s solar business as well as internal documents.

OilPrice.com Daily News Update

Venezuela: U.S. Sanctions Are “An Attack On The Oil Market”

2018-06-22 11:00:31

The U.S. sanctions against Venezuela are affecting consumers worldwide and are an attack on the oil market, Venezuelan Oil Minister Manuel Quevedo said on Thursday. The minister, speaking at an OPEC I

OilPrice.com Daily News Update

Turkey Plans World’s Biggest Offshore Wind Farm

2018-06-22 06:00:21

Turkey said on Thursday that it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm—the world’s biggest—by October 23. The Renewable Energy General Dire

OilPrice.com Daily News Update

What Will Follow The Age Of Oil?

2018-06-22 03:00:14

U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat

OilPrice.com Daily News Update

OPEC Edges Closer To Production Agreement

2018-06-22 03:00:14

The odds of an orderly agreement in Vienna significantly increased over the last day or so as Iran appeared to soften its hard line, voicing some openness to a modest increase in production from the O

OilPrice.com Daily News Update

Third Oil Storage Tank Set Ablaze Amid Clashes At Libyan Port

2018-06-22 03:00:14

Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the past week, two other oil storage tanks were set

OilPrice.com Daily News Update

Cashing In On The Coming $10 Trillion Crypto Boom

2018-06-22 03:00:13

Though the recent correction may have axed the value of cryptocurrencies in half – they are not down for the count. The cryptocurrency market is still valued at more than $295 billion. And as Rostin B

OilPrice.com Daily News Update

Oil Executive: Industry Needs ‘Another Iraq Or North Sea’ To Meet Demand Growth

2018-06-22 01:00:07

The global oil industry needs to find “another Iraq or North Sea every year” to plug the shortfall of oil supply as demand continues to grow, Majid Jafar, the chief executive of the UAE-based Crescent

OilPrice.com Daily News Update

The U.S.-China Trade War Is Great News For OPEC

2018-06-22 01:00:07

The renewed U.S.-Chinese trade tit-for-tat threatens to limit U.S. crude oil exports to China that have been gaining pace in recent months and eating into OPEC’s share in the market, a market that is

OilPrice.com Daily News Update

Permian Bottlenecks Begin To Bite

2018-06-22 01:00:06

The pipeline constraints in the Permian are finally starting to bite, threatening to derail the extraordinary production boom that has been underway for the last few years. Permian drillers are “quitt

OilPrice.com Daily News Update

NAFTA Rift Could Be A Boon For Canadian Oil

2018-06-21 23:00:26

Looming trade wars have made frequent headlines since the election of U.S. president Donald J. Trump. His view on the U.S.’ position in global trade is that for too long the country has been the “pigg

OilPrice.com Daily News Update

China Set To Cut U.S. Oil Imports As Trade War Heats Up

2018-06-21 23:00:26

Chinese oil customers plan to reduce their intake of U.S. crude oil from September onwards to avoid a possible import tariff on American oil in China, due to the uncertain outcome of the current trade

OilPrice.com Daily News Update

Core OPEC Ramps Up Production Ahead Of Meeting

2018-06-21 23:00:26

As discussed on CNBC Asia last night, Core OPEC has been ramping up exports this month ahead of tomorrow's OPEC meeting in Vienna. Historically, production typically rises ahead of an OPEC quota hike,

OilPrice.com Daily News Update

Canada’s Oil Crisis Is Far From Over

2018-06-21 21:00:12

Canada has vowed to build the Trans Mountain Expansion project in order to move more oil out of the country, but a lot of hurdles remain. In May, the Canadian government agreed to pay Kinder Morgan $3

OilPrice.com Daily News Update

Saudis Hint Aramco IPO Could Slip Beyond 2019

2018-06-21 21:00:12

The initial public offering of Saudi oil giant Aramco—which has already been likely pushed to 2019 from the second half of 2018—could be postponed even further, for after 2019, comments by Saudi Energ

OilPrice.com Daily News Update

Saudi Aramco Clears Another IPO Hurdle

2018-06-21 21:00:11

Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports. MS

OilPrice.com Daily News Update

Libya Desperate To Get Stranded Oil To Market

2018-06-21 19:00:02

Libya is looking for ways to get hundreds of thousands of barrels of crude oil to international markets after fighting shut down its two biggest export terminals, Es Sider and Ras Lanuf. S&P Platts re

OilPrice.com Daily News Update

UN Official Calls On OPEC To Join Energy Transition

2018-06-21 19:00:02

OPEC should join climate change fight efforts and prepare for the global energy transition away from oil, the executive secretary of the UN’s Framework Convention on Climate Change said in an intervie

OilPrice.com Daily News Update

Russia Pushes Ahead With Controversial Nord Stream 2

2018-06-21 19:00:02

Russia is talking up its yet to be built Nord Stream 2 natural gas pipeline that has put the U.S. at odds, not only against Russia, but against many of its EU partners, including pivotal ally Germany.

OilPrice.com Daily News Update

Shale CEO: U.S. To Be The World’s Top Oil Producer By Fall

2018-06-21 17:00:21

The United States is on track to become the world’s top oil producer as early as this fall, unseating the current no.1 Russia, according to Scott Sheffield, the chairman of one of the largest U.S. pro

OilPrice.com Daily News Update

Musk: Germany Favorite To Host European Tesla Gigafactory

2018-06-21 11:45:27

Germany is a leading choice for a possible future Tesla Gigafactory in Europe, Elon Musk said on Tuesday. “Germany is a leading choice for Europe. Perhaps on the German-French border makes sense, near

OilPrice.com Daily News Update

Pioneer Sees Oil At $100 Should OPEC Fail To Increase Production

2018-06-21 07:01:11

Pioneer Natural Resources chairman Scott Sheffield—who is in Vienna for an international OPEC conference—warned that oil prices could jump to $100 a barrel if the cartel and friends don’t boost produc

OilPrice.com Daily News Update

Serving The Unbanked: The Trillion Dollar Opportunity Banks Don’t See

2018-06-21 04:46:06

For all the talk of an emerging “cashless” society, in much of the world cash is still king. In Mexico, it’s estimated that 65 percent of the adult population is still without a traditional bank accou

OilPrice.com Daily News Update

Uncertainty Looms Large Over Latin American Oil

2018-06-21 01:31:10

While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will go, several other countries in Latin America are holding key election

OilPrice.com Daily News Update

Saudi Arabia Intercepts Houthi Missile Targeting Aramco Facility

2018-06-21 01:31:09

Saudi Arabia has intercepted a ballistic missile that the Iran-aligned Houthi rebels claimed to have fired at an Aramco facility, Saudi state television reports. Houthi-run media outlet Almasirah repo

OilPrice.com Daily News Update

OPEC Meeting Could End Without Decision

2018-06-21 01:31:09

Back in 2011, when OPEC met to discuss raising oil production to offset the drop in Libya, resulting from the civil war, Saudi Arabia’s Ali al-Naimi called it “one of the worst meetings ever.” That me

OilPrice.com Daily News Update

Why OPEC Won't Flood The Oil Market

2018-06-21 01:31:09

The latest from Vienna is that Russia and Saudi Arabia are leaning towards the aggressive end of the suite of options under consideration, but as always, the negotiations remain fluid. Reuters said th

OilPrice.com Daily News Update

Niger Delta Militants Threaten Nigerian Oil Facilities

2018-06-21 01:31:09

A relatively unknown group in the Niger Delta is threatening to stop production at oil facilities of the Nigerian Agip Oil Company (NAOC) in the area, saying that a so-called ‘Operation Zero Barrels’

OilPrice.com Daily News Update

U.S.-Led Coalition Kills ISIS Chief Of Oil Smuggling

2018-06-20 23:16:13

The U.S-led coalition fighting Islamic State has killed the leader of the militants responsible for its oil and gas smuggling operations, Combined Joint Task Force Operation Inherent Resolve officials

OilPrice.com Daily News Update

Global Energy Consumption Soars To New Heights

2018-06-20 23:16:13

This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, and a pr

OilPrice.com Daily News Update

Mexico Announces Bid Terms For Next Oil Tender

2018-06-20 23:16:12

Mexico’s National Hydrocarbons Commission has announced the bid terms for the September 27 oil and gas tender, which will offer 37 onshore blocks, Reuters reports. The terms include a minimum royalty

OilPrice.com Daily News Update

Iran Hints At Compromise To Raise Oil Output

2018-06-20 23:16:12

Iran has suggested it could be open to a compromise on a small rise in OPEC oil output after earlier rejecting a plan by Russia and Saudi Arabia to increase production in response to consumer concerns

OilPrice.com Daily News Update

Russia Gears Up To Boost Oil Production In July

2018-06-20 21:16:07

Although OPEC and its Russia-led non-OPEC allies have not yet decided if and how much oil they will restore to the market, Russia’s plans for exports and refinery runs in the coming months point to Mo

OilPrice.com Daily News Update

Iran Rejects Possibility of Oil Production Increase

2018-06-20 21:16:07

Iran does not believe any increase in OPEC crude oil production is necessary, not even a moderate one of half a million barrels. That’s what the country’s Oil Minister Bijan Zanganeh told media after

OilPrice.com Daily News Update

The Permian Faces Shut Ins Due To Oil Pipeline Shortage

2018-06-20 21:16:07

The fastest-growing oil producing region in the United States, the Permian, is nearing the limits of its pipeline takeaway capacity and some producers may be forced to shut in wells within months, acc