An Oil and Petroleum Company
WASHINGTON—The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill a similar effort to address climate change. The board of directors of the American Petroleum Institute, one of Washington’s most powerful trade associations, which for […]
Oil Lobby Backs Climate Action Plan Read More »
(Bloomberg) –If the first initial public offering of a U.S. shale driller in four years is any indication, Wall Street is still souring on the U.S. oil and gas patch. Even a natural gas explorer backed by private-equity giant Blackstone Group Inc. couldn’t raise the capital it had expected. Vine Energy Inc. sold 21.5 million
Wall Street’s fading oil and gas interest revealed in new shale IPO Read More »
Just after global oil demand crashed by 20 percent in April, analysts predicted that consumption would recover in the second half of 2020 and, supported by the OPEC+ production cuts and U.S. curtailments, would help the oil market to rebalance. By July, oil demand had recouped most of the losses incurred during the second quarter, but
What Is Slowing The Oil Market Recovery? Read More »
UPDATE: This story has been updated to include comments from the U.S. State Department, which were provided shortly after initial publication. The U.S. government has shortened the duration of a new sanctions waiver allowing Iraq to continue energy imports from Iran — a sign of enduring tensions between Baghdad and Washington. The new 60-day waiver
New 60-day sanctions waiver reflects ongoing U.S.-Iraq tension Read More »
No damage or casualties reported after projectiles land near site of oilfield service company Halliburton in Basra. Halliburton is an American oil service provider working in the Zubair oilfield, which is operated by the Italian energy company ENI, or Ente Nazionale Idrocarburi. Monday’s attack was the first since last summer to target US oil companies
Rockets target US oil company site in southern Iraq Read More »
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. Oil punters have been watching unfolding developments in the energy space with bated breath after Saudi Arabia made good on its promise to ramp up production to
Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. The world is awash in crude oil, and is slowly running out of places to put it. Massive, round storage tanks in places like Trieste, Italy, and
Coronavirus impact: The world is running out of places to store its oil Read More »
” raq needs a positive impetus to leave behind the travails of 2019 – the widespread demonstrations, the geopolitical flare-up engendered by the assassination of Major General Soleimani in Baghdad, the fall of the Abdul-Mahdi government – and demonstrable success upstream might provide a new narrative for the embattled country’s oil industry. Cognizant of this
Iraq Plans Production Surge In The Face Of New OPEC Cuts Read More »
“The Iraq Petroleum 2019 Conference took place on 27-28 June, in London, and was co-located for the first time, with a newly-launched Kirkuk & Mosul Megaprojects event. CWC welcomed more than 350 industry leaders and the key energy decision-makers from the Iraqi Government, represented by the most senior officials, led by Iraq’s Deputy Prime Minister and Minister of
2019 CWC Conference Highlights – Iraq’s Most Trusted and Senior Energy Platform Read More »