Soaring Gasoline, Distillate Inventories Offset Large Crude Draw
The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.95 million barrels for the week ending January 3, compared to analyst expectations of a smaller?
Work On Controversial Coastal GasLink Pipeline To Continue
Construction work on the Coastal GasLink pipeline in British Columbia will resume this week after a holiday break despite an eviction notice served to the company that leads the project?
Massive Strikes In France Block Exxon Oil Refinery
Exxon's refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments?
Mexican President Decides To Re-Route Crucial Pipeline
A plan announced by Mexico's President to re-route a pipeline under construction in order to go around indigenous lands has sparked concern among some in the industry regarding future energy?
U.S. Trade Deficit At Three-Year Low As Oil Imports Dip
Rising petroleum exports and diminishing crude and oil product imports helped the U.S. post its lowest trade deficit in three years in November, government data showed on Tuesday. The?
Rising U.S. crude oil production weighed on oil prices throughout 2019, and combined with the weak demand growth last year, booming American oil output resulted in lower average oil prices?
Libya's oil revenues fell by 19 percent from October to stand at US$1.8 billion in November 2019, the country's National Oil Corporation (NOC) said, attributing the decline to the?
Oil Prices Soar As Iran Fires Missiles At U.S. Base
In what appears to be its first retaliation strike, Iran has claimed to have fired tens of ground-to-ground rockets at the Ain al-Assad military base in Iraq.?
Engineer Converts Tesla's Model 3 Into Cheaper Hybrid
An engineer from Austria has recreated an even cheaper Model 3 by converting Tesla's flagship electric vehicle into a hybrid by adding a two-cylinder gasoline engine and ?downgrading? the?
Report: U.S. Should Cut Fossil Fuel Emissions From Buildings
States across the United States, including those that have pledged huge reductions in their greenhouse gas emissions, should not overlook the goal of reducing the use of fossil fuels in?
