- India continues developing its strategic petroleum reserve as its oil imports grow
July 20, 2016
In response to India’s increasing reliance on petroleum imports, India plans to bring online the country’s first strategic petroleum reserve (SPR). The first phase of India’s SPR includes three locations (Visakhapatnam, Mangalore, and Padur) in so...
- Why Nigeria is no longer Africa's no.1 oil producer
July 18, 2016
A rebel group claiming to fight for justice has resumed blowing up oil wells in the impoverished-but-oil-rich Niger River delta after six years of relative peace, adding to Nigeria’s growing economic issues.
Read Article
- Nigeria finds a national crisis in every direction it turns
July 17, 2016
Militants are roaming oil-soaked creeks in the south, blowing up pipelines and decimating the nation’s oil production. Islamist extremists have killed thousands in the north. Deadly land battles are shaking the nation’s center. And a decades-old s...
- New threat to LNG exports as Japan examines contract restrictions
July 15, 2016
Australia's liquefied natural gas producers are facing a grave new threat to their profitability as Japan's trade regulator reportedly considers whether to ban restrictions that limit where cargoes can be shipped.
Read Article
- Asian oil refiners cut output to fight oversupply, low margins
July 11, 2016
Oil refiners in Asia are processing less crude as they grapple with margins that plunged to five-year lows after the region was flooded with supply of refined products and as slowing economic growth hits demand for fuels.
Read Article