Recent News Headlines : Petroleum

U.S. OIL OUTPUT TO TOP RECORD 11 MILLION BARRELS PER DAY BY END OF 2019


Production was expected to hit 10.04 million bpd during the first quarter of this year, the agency said in a monthly report... READ MORE

9th January, 2018 34

EAST CHINA SEA OIL TANKER BURNS FOR THIRD DAY AS WINDS, HIGH WAVES LAS


East China Sea oil tanker burns for third day as winds, high waves lash rescuers... READ MORE

9th January, 2018 438

OIL TANKER STILL BURNING OFF CHINA COAST


The Sanchi tanker has on board 136,000 tonnes of condensate, which is an ultra-light version of crude oil... READ MORE

9th January, 2018 219

BODY OF IRANIAN MARINER FOUND AS OIL TANKER CONTINUES TO BURN OFF CHINESE COAST


Body of Iranian mariner found as oil tanker continues to burn off Chinese coast... READ MORE

8th January, 2018 48

RESCUE CREWS WRESTLE TO TAME CHINA OIL TANKER FIRE; BODY OF MARINER FO


Rescue crews wrestle to tame China oil tanker fire body of mariner fo... READ MORE

8th January, 2018 489

OIL TANKER BURNING OFF CHINAS COAST AT RISK OF EXPLODING


It's the second collision for a ship from the National Iranian Tanker Co... READ MORE

8th January, 2018 15

BURNING TANKER 'IN DANGER OF EXPLODING'


It is highly toxic, low in density and considerably more explosive than regular crude oil... READ MORE

8th January, 2018 6491

ECO DISASTER LOOMS AFTER OIL TANKER COLLIDES WITH SHIP IN EAST CHINA SEA


The tanker's 32 crew members were all Iranian nationals except for two Bangladeshi nationals, the Chinese transport ministry said... READ MORE

8th January, 2018 250

RESCUE CREWS STRUGGLE TO TAME CHINA OIL TANKER FIRE; CREW STILL MISSIN


Rescue crews struggle to tame China oil tanker fire crew still missin... READ MORE

8th January, 2018 459

IRANIAN OIL TANKER STILL ABLAZE AFTER COLLISION OFF CHINA'S COAST


The Panama-registered tanker was sailing from Iran to South Korea, carrying 136,000 tonnes of condensate, an ultra light crude... READ MORE

8th January, 2018 846

IRANIAN OIL TANKER COLLIDES WITH CHINESE SHIP ON WAY TO KOREA


Condensate is a light oil produced along with natural gas, mainly at Iran's offshore South Pars fields... READ MORE

8th January, 2018 221

IRANIAN OIL TANKER BURNS, 32 MISSING AFTER COLLISION OFF CHINA'S COAST


Reuters ship tracking data shows Sanchi was built in 2008 and was managed by the National Iranian Tanker Co NITC ... READ MORE

7th January, 2018 1599

IRANIAN OIL TANKER BURNS, 32 MISSING AFTER COLLISION OFF CHINA'S COAST


Reuters ship tracking data shows Sanchi was built in 2008 and was managed by the National Iranian Tanker Co NITC ... READ MORE

7th January, 2018 1599

CAN'T PLEASE EVERYONE: TRUMP ENERGY POLICY RILES COMPETING SECTORS


Trump and others in his administration have criticized renewable energy as expensive and dependent on government support... READ MORE

6th January, 2018 334

TRUMP ADMINISTRATION PLANS TO ALLOW OIL AND GAS DRILLING OFF NEARLY ALL US COAST


Offshore drilling is dirty and dangerous and many coastal communities want no part of it... READ MORE

4th January, 2018 3434

TRUMP SEEKS TO OPEN MOST U.S. COASTAL WATERS TO NEW DRILLING


The draft proposal illustrates the Trump administration's commitment to expanding domestic energy development beyond the Gulf of Mexico... READ MORE

4th January, 2018 18071

TRUMP MOVES TO VASTLY EXPAND OFFSHORE DRILLING OFF US COASTS


Many lawmakers in those states support offshore drilling, although the Democratic governors of North Carolina and Virginia oppose drilling off their state coasts... READ MORE

4th January, 2018 4216

WEIGHING THE IMAPCT OF IRAN PROTESTS


It is not coincidental that the Iranian protesters are calling for Iran's withdrawal from all the three countries, and by default leave them to the US ... READ MORE

4th January, 2018 0

3. WHY INDIA PLANTED 66 MILLION TREES IN 12 HOURS


As part of that initiative, Philip Morris has published extensive scientific findings, based in part on clinical studies... READ MORE

2nd January, 2018 75

COULD IRAN PROTESTS SPARK RISE IN OIL PRICES?


Oil prices edged toward levels not seen since mid-2015 on Tuesday morning after Iran protests conjured speculation about geopolitical instability... READ MORE

2nd January, 2018 26

FIVE THINGS YOU NEED TO KNOW TO START YOUR DAY


A barrel of West Texas Intermediate for February delivery was trading at 60.32 at 5 45 a.m... READ MORE

2nd January, 2018 127

VENEZUELA TO RAISE MINIMUM WAGE BY 40%


Earlier this year, the US imposed sanctions on President Maduro, labelling him a dictator who disregards the will of the Venezuelan people ... READ MORE

1st January, 2018 5663

ON ITS HUNDREDTH BIRTHDAY IN 1959, EDWARD TELLER WARNED THE OIL INDUSTRY ABOUT GLOBAL WARMING


The industry is implicated to its core by the history of its largest representative, the American Petroleum Institute... READ MORE

1st January, 2018 39611

ATTACK ON LIBYAN PIPELINE REDUCES OUTPUT, US CRUDE PRICE SOARS


Pictures purportedly showing a huge cloud from the blast in central eastern Libya circulated on social media... READ MORE

31st December, 2017 15

OPEC WINS OVER HEDGE FUNDS TO MAKE 2017 OIL'S MOST BULLISH YEAR


At least through the first half of 2018, they'll stay pretty bullish, said Ashley Petersen, lead oil-market strategist at Stratas Advisors in New York... READ MORE

30th December, 2017 233

CHINA'S WAR ON SMOG LIFTS COMMODITIES LIKE METALS, LNG


Malaysian palm oil dropped 10 percent in 2017 with production in Southeast Asia outpacing demand from top importers China and Europe... READ MORE

29th December, 2017 272

TRUMP WARNS AGAINST ILLICIT CHINESE OIL SALES TO NORTH KOREA


There will never be a friendly solution to the North Korea problem if this continues to happen!... READ MORE

28th December, 2017 330

TRUMP 'DISAPPOINTED' CHINA ALLOWING OIL INTO NORTH KOREA


The UN resolution seeks to ban nearly 90 per cent of refined petroleum exports to North Korea by capping them at 500,000 barrels a year... READ MORE

28th December, 2017 9

$180BN INVESTMENT IN PLASTIC FACTORIES FEEDS GLOBAL PACKAGING BINGE


He said he was deeply troubled by the expansion in plastic production... READ MORE

27th December, 2017 34140

AMERICA'S HOTTEST OIL PLAY JUST NEEDS A FEW THOUSAND TRUCKERS


When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas's massive Permian Basin shale formation, truckers were among those hardest hit... READ MORE

26th December, 2017 973

Trending News Headlines : Petroleum

CATHOLIC CHURCH TO MAKE RECORD DIVESTMENT FROM FOSSIL FUELS


More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi... READ MORE

3rd October, 2017 91343

FRANCE BANS FRACKING AND OIL EXTRACTION IN ALL OF ITS TERRITORIES


French parliamentarians have passed a law banning fossil fuel extraction. President Macron says he wants France to lead the world with switch to renewables... READ MORE

20th December, 2017 38669

AMERICA DENIES PUERTO RICO REQUEST FOR WAIVER TO BRING VITAL FUEL AND SUPPLIES TO ISLAND


Backers of a Jones Act waiver for Puerto Rico said it would help the relief effort... READ MORE

28th September, 2017 38600

GULF OF MEXICO OIL SPILL MAY BE LARGEST SINCE 2010 BP DISASTER


Oil production from Delta House dropped to around 57,000 barrels of oil equivalent a day from more than 90,000 before the spill, he said... READ MORE

17th October, 2017 29430

NORWAY IDEA TO EXIT OIL STOCKS IS 'SHOT HEARD AROUND THE WORLD'


But the debate, she said, underscores that climate change has made fossil fuels increasingly risky investments... READ MORE

18th November, 2017 25372

NORWAY IDEA TO EXIT OIL STOCKS IS 'SHOT HEARD AROUND THE WORLD'


But the debate, she said, underscores that climate change has made fossil fuels increasingly risky investments... READ MORE

18th November, 2017 25350

CANADA'S MOST SHAMEFUL ENVIRONMENTAL SECRET MUST NOT REMAIN HIDDEN


Unfortunately, the now full-blown environmental crisis of tar sands tailings ponds has only gotten worse in the last decade... READ MORE

14th November, 2017 9085

NORWAY'S $1 TRILLION WEALTH FUND WANTS OUT OF OIL GAS STOCKS


The 1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks... READ MORE

18th November, 2017 7642

A POWER PLANT IS BURNING H&M CLOTHES INSTEAD OF COAL


The combined heat and power station in Vasteras, northwest of Stockholm, is converting from oil- and coal-fired generation to become a fossil fuel-free facility by 2020... READ MORE

24th November, 2017 5857

WORLDS LARGEST PLASTICS PLANT RINGS ALARM BELLS ON TEXAS COAST


But environmentalists have long tangled with the operators of plastic plants along the Gulf coast and are sceptical Exxon will prove a better neighbour... READ MORE

26th December, 2017 4755

BOOM IN RENEWABLES WEAKENS CASE FOR SHALE SAYS TORY MP


There are believed to be 20bn barrels of oil left in the North Sea oilfields... READ MORE

26th November, 2017 4515

IN WORLD'S HOTTEST OIL PATCH, FEARS ARE MOUNTING THAT A BUST IS NEAR


It covers 75,000 square miles, nearly the size of Great Britain, in west Texas and southeastern New Mexico... READ MORE

25th September, 2017 4291

ANALYSIS | TRUMP'S CLAIM THERE WERE LONG GAS LINES IN NORTH KOREA HAS RESIDENTS PUZZLED


People gather to watch footage of the launch of a Hwasong-12 rocket, beside a billboard advertising North Korea's Pyeonghwa Motors, in Pyongyang on Sept. 16... READ MORE

18th September, 2017 3811

IEA SEES SHALE SURGE AS BIGGEST OIL AND GAS BOOM IN HISTORY


Reflecting the expected flood of supply, the agency cut its forecasts for oil prices to 83 a barrel for 2025 from 101 previously, and to 111 for 2040 from 125 before... READ MORE

14th November, 2017 3571

'WE'RE FIGHTING FOR OUR WAY OF LIFE'


At the petroleum council's meeting in September, energy secretary Perry put his audience at ease... READ MORE

12th December, 2017 2923

FOSSIL-FUEL FRIENDLY TAX PLAN SPARES OIL, NOT SOLAR OR TESLA


Those held through corporate entities would see a big benefit from the 20 percent corporate tax rate, he said... READ MORE

2nd November, 2017 2628

OPEC'S CLASH WITH U.S. OIL IS NEARING ITS DAY OF RECKONING


There are even signs that OPEC's opponents, the dozens of drillers tapping shale-oil deposits in Texas and North Dakota, are losing momentum... READ MORE

28th November, 2017 2161

NEW AIRPLANE BIOFUELS PLAN WOULD 'DESTROY RAINFORESTS', WARN CAMPAIGNERS


An industry proposal to limit the biofuels target to 2025 is one possible compromise, but others may emerge before the plan is put to a vote... READ MORE

12th October, 2017 1865

IRAN'S FLOWER INDUSTRY READY TO BLOOM GLOBALLY


For years, barriers to international trade have held Iranian businesses from blossoming... READ MORE

28th October, 2017 1730

SAUDI ARAMCO SIGNS ENGINEERING AND CONSTRUCTION DEALS WORTH $4.5 BILLION


The project will boost gas production capacity by 1.3 billion standard cubic feet per day... READ MORE

9th November, 2017 1571

1. WHY DOES THE KURDISH REGION MATTER TO OIL MARKETS?


That experience and disputes between the Kurdish government and Iraqi national authorities have kept most big oil companies away and prompted some investors to pull back... READ MORE

16th October, 2017 1305

'DOTARD' TRUMP? THE STORY OF 'ROCKET MAN' KIM'S INSULT


The North Korean leader earlier labelled Mr Trump mentally deranged and a dotard while Mr Trump labelled Mr Kim a madman in response... READ MORE

23rd September, 2017 1244

KUWAIT SIGNS LNG IMPORT DEAL WITH SHELL, HAS GAS NEED


Kuwait wants cleaner burning energy sources such as natural gas to reduce emissions and improve air quality, according to the Shell and KPC statement... READ MORE

25th December, 2017 1068

BHP, WORLD'S LARGEST MINER, SAYS 2017 IS 'TIPPING POINT' FOR ELECTRIC CARS


And copper is the metal of the future. Electric cars add up to roughly 1 million, out of a global fleet of closer to 1.1 billion... READ MORE

26th September, 2017 1018

TRUMP ADMINISTRATION MOVES TO OPEN ARCTIC NATIONAL WILDLIFE REFUGE TO DRILLING STUDIES


It also directs the agency to provide an environmental assessment and a proposed rule allowing for new exploration plans... READ MORE

17th September, 2017 953

CHINA HALTS OIL PRODUCT EXPORTS TO NORTH KOREA IN NOVEMBER AS SANCTION


China halts oil product exports to North Korea in November as sanctions bite... READ MORE

26th December, 2017 938

OIL HOLDS NEAR $58 AS U.S. SUPPLY DROP ADDS TO OPEC OPTIMISM


Crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest oil-storage hub, slid by 1.83 million barrels, the biggest draw since July... READ MORE

22nd November, 2017 902

OBAMA'S RECENT SPEECHES INCLUDE AN ADMINISTRATION-CONNECTED PRIVATE EQUITY FIRM


Even though it is nearly 2015, the renewable fuel standards for 2014 still haven't been released... READ MORE

19th September, 2017 889

200 YEARS OF OILSANDS?


On Sept. 30, 1967, the Great Canadian Oil Sands facility opened north of Fort McMurray, Alta., with much fanfare, bunting and speeches by politicians... READ MORE

29th September, 2017 819

BISHOPS URGE CHURCH OF ENGLAND TO DIVEST FROM EXXONMOBIL OVER CLIMATE CHANGE


However, the Church of England argues it should remain an ExxonMobil shareholder so it can continue to engage with the company and influence it to change... READ MORE

7th November, 2017 798


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