- Abu Dhabi could develop significant LNG export capacity by 2024
November 05, 2018
The Supreme Petroleum Council announced the discovery of 15 trillion cubic feet of gas, which could transform the UAE to a net gas exporter.
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- Oil dips amid well-supplied market, Iran sanction waivers
November 05, 2018
Oil prices dipped on Wednesday as high output and U.S. sanction waivers allowing Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market.
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- Hawaii Oil Dependence to Boost America’s Highest Power Bills
October 30, 2018
Paradise is about to get pricier. Hawaii, which already struggles with the nation’s highest electric bills, could see them jump by as much as 20 percent in just two years thanks, oddly enough, to new regulations on fuel use in oceangoing...
- Benchmark crude oil futures continue to decline
October 29, 2018
Benchmark crude oil futures continued declining for the third week in a row by losing more than 2% last week.
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- Iran Sells First 280,000 Barrels Of Crude On Exchange
October 29, 2018
A little over a quarter of a one-million-barrel offering of Iranian crude on the local energy exchange found buyers in the first day of trading, IRNA reports, as Iran seeks alternative ways of selling its crude abroad after U.S. sanction...