+ Generate Cloud Share

Reuters /
Ex-Venezuela oil minister Martinez dies in state custody

Former Venezuela oil minister Nelson Martinez, who was arrested in 2017 as part of a sweeping graft probe at state oil company PDVSA, has died in state custody, the prosecutor's office said on Wednesday.

Reuters /
Saipem says Shamoon variant crippled hundreds of computers

A hack on Italian oil services firm Saipem that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco.

Washinton Post /
Ex-Venezuela oil minister reportedly dies in state custody

A former top official at Venezuela’s state-owned oil company PDVSA says the jailed ex-head of the monopoly has died in state custody

Reuters /
Rep. Goodlatte presses administration to support anti-OPEC legislation

Bob Goodlatte, outgoing chair of the House of Representatives Judiciary Committee, pressed the Justice Department's Makan Delrahim on Wednesday to ...

USA Today /
You need an oil diffuser in your life

Oil diffusers were incredibly popular gifts this year. If you haven't gotten one yet, don't fear! We've got our best pick here for you ...

Reuters /
Shamoon computer virus variant is lead suspect in hack on oil firm Saipem

A hack on Italian oil services firm Saipem that crippled more than 300 computers was likely caused by a variant of a notorious destructive virus ...

Crude oil prices rise on anticipation of inventory reduction, following cuts

Crude oil prices rose early Wednesday, buoyed by expectations of a U.S. inventory reduction, as well as reports of production cuts by OPEC, Libya and Canada.

VoA /
Avianca Brasil Airline Declares Bankruptcy

Cash-strapped Avianca Brasil, the country's fourth-largest airline, on Tuesday sought bankruptcy protection from creditors but reassured passengers that flights will continue. "Due to resistance from the lessors (of their aircraft) to reaching a friendly settlement, we have filed seeking protection from creditors, to protect clients and ...

Fox News /
Michigan Legislature passes Great Lakes oil pipeline bill

The Michigan Legislature approved a bill Tuesday that would allow the replacement of a 65-year-old oil pipeline in a key Great Lakes waterway, voting to create a state authority that would oversee the construction of a tunnel to encase a new segment of pipe.

VoA /
Experts: Millions Invested But Gold Mining 'Under-Exploited' in W. Africa

Mining companies have invested at least $5 billion toward gold exploration in West Africa in the last decade but significant reserves are ...

A big market collapse and $20 oil make the list of Nomura's 'grey swan' predictions for 2019

While black swans are impossible to predict, Nomura analysts put nine "grey swans" for 2019 on their radar.

Washinton Post /
Mexico cancels February bidding round on oil concessions

The Mexican government has announced that it will cancel a planned round of bidding on oil exploration concessions

Marketwatch /
Futures Movers: Oil prices pare gains as traders weigh output-cut pact, demand prospects

Oil futures climb on Tuesday, finding some support from a short-term disruption in Libyan output, but trading off the session’s high on the back of uncertainty surrounding compliance with an oil-producer agreement to cut output as well as concerns over a potential slowdown in energy demand.

VoA /
Groups Sue Trump Administration Over Atlantic Oil Testing 

Environmental groups opposed to offshore drilling sued the federal government Tuesday to prevent future seismic tests for oil and gas deposits  in Atlantic waters off the U.S. East Coast.  Seismic testing, which uses air gun blasts, violates federal laws that protect marine mammals, endangered species and national environmental policy, ...

Reuters /
Conservation groups sue Trump administration over Atlantic oil testing

Environmental groups opposed to offshore drilling sued the federal government on Tuesday to prevent future seismic tests for oil and gas deposits in Atlantic waters off the U.S. East Coast.

Defying Trump, Saudi Arabia chooses 'Saudi first' oil policy at OPEC meeting

President Donald Trump asked Saudi Arabia to cut fuel costs by pumping at full throttle. Instead, the Saudis persuaded oil producers to cut output.

Pro-pipeline First Nations spar with environmental activists over 'devastating' tanker ban bill

First Nations chiefs and leaders who say they represent over 200 Indigenous communities in B.C. and ...

Bank of America is more bullish than most on its oil price forecast for 2019

The bank sees Brent crude at $70 a barrel in 2019, saying OPEC's cuts are "sufficient" to support prices. 

'Let's stop the talk and start acting': Alberta seeks proposals for new oil refinery

The Alberta government is issuing a request for expressions of interest from the private sector to build a refinery in the province that would use oil extracted here.

USA Today /
Pinterest sees 690% surge in 'side hustles at home,' unveils top search trends

Pinterest is on top of 2019 trends including ginger oil, Bakuchiol, dilapidated castles, hot springs, godparent proposals, and vertical gardens.        

Reuters /
Stocks gain on possible thaw in trade spat; oil climbs

A gauge of global stock markets climbed on Tuesday as signs of a thaw in the U.S.-China trade battle helped investors overlook heightened uncertainty ...

VoA /
Protesters Disrupt US Fossil Fuel Event at Climate Talks

Protesters disturbed a U.S.-sponsored event promoting fossil fuels on the sidelines of U.N. climate change talks on Monday. The event called "U.S. ...

Crude oil prices rise in sympathy with equities after Libya's force majeure

Crude prices rose early Tuesday in sympathy with equity markets but also due to a force majeure in Libya curbing oil production.

Washinton Post /
Administration’s permits to harm marine animals during oil and gas exploration face a court fight

Environmental groups fulfilled a pledge to sue the Trump administration over the granting of permits allowing five companies to harass and harm ...

VoA /
Global Stocks Buoyed by US-China Trade Talks

Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute. KEEPING SCORE: In Europe, Germany's DAX was up 2 percent to 10,831 while France's CAC 40 was up 2 percent at 4,837. Britain's FTSE 100 was up 1.7 percent at 6,834. Wall Street was set to ...

NY Times /
Why Is Qatar Leaving OPEC?

The decision to leave the oil cartel is aimed at reinforcing the country’s autonomy from its Persian Gulf neighbors.

Stocks walloped by Brexit, falling oil prices

Canada’s main stock index fell on Monday after crude oil prices fell 3.4 per cent in New York, pressuring shares of energy companies.

See More  
back to top