The US and the EU support energy reforms in Ukraine
The USA, the EU and Canada will work closely with Ukraine towards its gradual integration into the European energy market. The Unites States of America and the European Union expressed support for energy...
Iran’s oil output to hit level before sanctions by mid June
The CEO of the National Oil Company of Iran (NIOC), Roknoddin Javadi said that oil production in the country will reach the level it was before the sanctions by mid June. National Iranian...
Canada provides record-high share and amount of U.S. crude oil imports in 2015
Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the United States' top foreign oil supplier—Canada—were the highest on record, according to...
Saudis Moving to Reduce Dependence on Oil Money
RIYADH, Saudi Arabia — A top Saudi prince has announced new elements of a plan to reduce the kingdom’s heavy dependence on oil, amid a drop in world prices that has sent shock...
Exports of crude oil by tankers from the United States declined in early 2016
Tanker deliveries of US oil abroad declined at the beginning of 2016, despite the lifting of the ban on the export of oil from the United States at the end of last year...
Crude oil falls for 2nd day as U.S. rig count rises
Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since...
Saudi Arabia's Oil Chief Prepares for a World After Fossil Fuels
Even as it pumps near-record quantities of oil, Saudi Arabia is getting ready for a time when the world will no longer need its biggest export. The world’s largest crude exporter is focusing...
U.S. Blocks Oil, Gas Drilling in Atlantic Coastal Waters
The Obama administration on Tuesday pulled back its plan to sell new oil and gas leases off the southeast U.S. coast, ceding to environmental concerns and continuing a trend among federal agencies to...
Russia's Transneft sells Ukrainian fuel pipeline to Swiss trader
Russia's OAO AK Transneft announces it has closed a deal to sell the PrykarpatZakhidtrans oil-product pipeline, which is located in Ukraine. «The deal is closed now,» the company said in an announcement on...
OPEC trims 2016 outlook for its oil
OPEC expects lower demand for its oil in 2016 than it previously forecast. The oil cartel's crude demand forecast was revised down by 100,000 barrels per day for the full-year, slightly lower than...
