The Latest

International

Gibraltar Denies Iranian Report That Tanker Will Be Released Soon

The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.

August 13, 2019

Trade

Trafigura In Ship Fuel Venture With Frontline, Golden Ocean

Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.

August 13, 2019

Infrastructure

Enbridge Needs US Approval To Restart Natgas Pipe After Ky. Blast

PHMSA says it won’t allow the company to restart two lines until an investigation is complete.

August 12, 2019

Legislation

EPA Grants 31 Small Refinery Waivers From Biofuel Laws

The U.S. Environmental Protection Agency (EPA) has granted 31 small refinery biofuel waivers for 2018 on Aug. 9, infuriating the ethanol and corn producers.

August 11, 2019

Infrastructure

Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project

Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.

August 10, 2019

Infrastructure

Canadian Oil, Gas Looks For Rebound

The Canadian oil and gas industry is slowly showing signs of recovery as energy experts are cautiously optimistic about the future of the vital economic driver.

August 9, 2019

Legislation

Trump Administration Moves To Limit State Powers To Block Pipelines, Terminals

The Trump administration on Aug. 9 unveiled a proposal that would curb state powers to block pipelines and other energy projects, drawing praise from the oil industry but criticism from progressive states and Democratic lawmakers who said it would jeopardize water quality.

August 9, 2019

Crude Oil

Analysts: China Continued Iran Oil Imports In July Despite Sanctions

Imports could have averaged as much as 360,000 bbl/d.

August 8, 2019

Liquefied Natural Gas (LNG)

Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project

Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

August 8, 2019

Crude Oil

Oil Slumps To New 7-Month Low On Trade Tensions

Prices are down 20% since their peak for the year in April.

August 7, 2019