YANGON, Myanmar— Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China. CNOC said in a statement on its website that a recently completed pipeline from Kyaukphyu district in Myanmar's Rakhine state to China's Yunnan province will be able to...» Read More
Oil producers in condensate-heavy shale crude plays like the Eagle Ford and the western Permian Basin in Texas also could fetch better condensate prices if exported, as U.S. refiners have limited demand for it.
FRANKFURT, Aug 28- European Energy Commissioner Guenther Oettinger said on Thursday the bloc was seeking to fill its gas storage facilities and de-escalate a row between Ukraine and Russia in order to safeguard its own gas shipments from Russia in the 2014/ 15 winter.
MEXICO CITY, Aug 8- Two workers died after being overcome by a burst of flames in an accident that also injured 11 at a refinery in northern Mexico, state-run oil company Pemex said on Friday.
NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face an unusual three-year limit on trading physical U.S. benchmark crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, the CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.
NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face three-year limits on trading benchmark U.S. crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.
Nat gas prices are set to go higher, according to the chairman and CEO of energy-focused investment firm BP Capital.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.
To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.
Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.
The US Coast Guard on Tuesday said it was responding to a leak from a natural gas and crude oil platform owned by Energy Resources Technology Gulf of Mexico LLC.
Gas prices are expected to slide this summer, delivering some relief to consumers. How low they go depends on where you live.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
Russian state oil giant Rosneft closed today worth around $55 billion to take over TNK-BP and become the world's largest listed oil producer by output, with CNBC's Sharon Epperson.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
Although oil hit its highest level in nearly two weeks on Tuesday, some professional traders don't think it will last.
ConocoPhillips is banking on shale as investors are banking on a growing company and a growing dividend, with Ryan Lance, ConocoPhillips Chairman & CEO and CNBC's Maria Bartiromo.
Venezuela is in mourning for its late president Hugo Chavez. With Chavez's passing, there is a lot of uncertainty about the future of Venezuela's massive oil supply, reports CNBC's Bertha Coombs. Risa Grais-Targow, Eurasia Group, weighs in.