crude oil

No Picture

$70 Oil Cripples European Refiners

In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for some of their products, Bloomberg reports. The profit curve for fuel oi…


No Picture

OPEC Revises Up Non-OPEC Production Estimates For 2018

U.S. shale suppliers are forcing OPEC to revise upward its estimates for supplies originating outside the bloc’s member nations, according to the latest data released by the bloc. Non-OPEC production will increase by 1.15 million barrels per day in 201…


No Picture

Global Clean Energy Investments Near All-Time High

Booming Chinese solar installations propelled annual worldwide investments in renewable energy and energy-smart technology 3 percent higher to $333.5 billion last year—the second-highest on record, a Bloomberg New Energy Finance (BNEF) report showed on…


No Picture

China’s Gas Production Hits Three-Year High

China pumped natural gas at the highest rate since 2014 in December 2017 in an attempt to make up for shortages of the fuel in the northern parts of the country amid harsh winter weather, China’s national statistics authority said today. The daily aver…



No Picture

The Best Places In The World To Mine Bitcoin

Deep in China’s Sichuan mountains, miners are chipping away at complex mathematical puzzles in hopes of unlocking one of today’s most prized assets, bitcoin. Currently, more than 60 percent of all bitcoin is mined in China, and these miners have picked…


No Picture

Iraq Ready To Sign Deal With BP For Kirkuk Fields

Iraq will today sign an agreement with BP for the development of oil fields around Kirkuk, according to an unnamed Iraqi official who spoke to Reuters. The government first approached the supermajor last October, after its army retook control of Kirkuk…


No Picture

Iraq Ready To Sign Deal With BP For Kirkuk Fields

Iraq will today sign an agreement with BP for the development of oil fields around Kirkuk, according to an unnamed Iraqi official who spoke to Reuters. The government first approached the supermajor last October, after its army retook control of Kirkuk…


No Picture

Iraq Ready To Sign Deal With BP For Kirkuk Fields

Iraq will today sign an agreement with BP for the development of oil fields around Kirkuk, according to an unnamed Iraqi official who spoke to Reuters. The government first approached the supermajor last October, after its army retook control of Kirkuk…