Oil and Energy

17 January 09:54 PM Algeria’s Sonatrach inks deal for oil refining with Vitol
Sonatrach has signed an agreement with Vitol Group to ship crude to Italy to be processed and sent back to Algeria as refined products.
17 January 04:12 PM UK government should do more to meet climate targets -CCC
Urgent actions should be taken by the UK government to meet climate targets, the Committee on Climate Change (CCC) said on Wednesday
17 January 12:53 PM European auto sales grow 3.4% in 2017
The Eurozone’s new passenger car sales rose for the fourth consecutive year in 2017
15 January 05:31 PM Ford expands in electric cars with $11bn investments
Ford Motor Company is looking to scale up its investments in Electric Vehicles.
15 January 04:51 PM Burning tanker causes giant oil spill in East China Sea
Iranian oil tanker Sanchi has left the largest oil slick since 1991
15 January 02:30 PM France’s EDF to launch green EV-charging plan
Electricite de France SA (EDF) on Monday revealed that it plans to launch a new renewable electricity supply scheme to facilitate battery charging.
12 January 02:22 PM Oil prices decline but remain strong
oil prices cooled on Friday after hitting their highest level since December 2014 on Thursday amid lower US inventories and continued production cuts
11 January 03:03 PM Oil prices hit 3-year high pre-Trump decision on Iran
Oil prices on Thursday jumped to their highest level since 2015, while investors wait for the US president’s decision regarding Iran’s sanctions
11 January 01:12 PM China car sales rise 3% in 2017
China’s vehicle sales rose for the seventh consecutive month in December and for the full-year 2017
11 January 12:29 AM Oil prices continues gains on Wednesday
Mubasher: Crude oil prices settled higher on Wednesday after an unexpected drop in US production. Nymex crude futures for January delivery went up 0.97% to
10 January 06:55 PM US oil inventories fall 4.9m barrels in week
US crude oil inventories marked the eighth consecutive decline in the week ended 5 January
10 January 03:07 PM Oil prices soar before US inventories data
Oil prices on Wednesday hit their highest levels since 2014 ahead of US crude oil inventories data due at 03:00 pm GMT
10 January 01:49 AM American crude production to hit new highs
The US Energy Information Administration (EIA) is expecting American oil production to average a record high of 11 million barrels per day in 2019.
9 January 06:32 PM Airbus eyes raising airplanes production in China
Airbus on Tuesday signed an agreement with Chinese partners to increase A320 aircraft production in China
9 January 03:08 PM OPEC not keen on Brent above $60/pb -Iran oil minister
Members in the Organization of the Petroleum Exporting Countries (OPEC) would not like Brent oil to grow higher than $60 per barrel
8 January 08:25 PM What are cryptocurrencies doing right now?
Although cryptocurrenciesdropped significantly during Monday’s trading with losses surpassing $133 billion, some analysts adopted an optimistic outlook.
8 January 06:58 PM Venezuela to issue $5.9bn cryptocurrencies
Venezuela’s president Nicolas Maduro has announced plans issue 100 million units of an oil-backed cryptocurrency called the “Petro” during the coming days.
8 January 06:56 PM OPEC not to change oil output on Iran,Venezuela instability
OPEC on Monday announced it would not increase its oil production unless the crisis in Iran and Venezuela escalated
8 January 02:09 PM Iranian oil tanker may explode after collision in China Sea
Chinese authorities said Monday that the large Iranian oil tanker collided with a cargo ship in the East China Sea on Saturday.
6 January 06:07 PM US oil rigs down in week
The number of active oil and gas rigs in the United States declined last week
4 January 09:07 PM US oil stocks drop more than expected
US crude oil inventories saw a sharp decline as refineries increased activity to the highest rate since 2005
4 January 07:21 PM Oil prices to decline in 2018
Analysts are expecting the rally of crude oil prices not to continue in 2018. Oil prices recently surged to its highest levels
4 January 03:51 PM Oil prices jump to 3-year high amid Iran tensions
Oil prices rose on Thursday, reaching their highest level in three years on the back of ongoing protests and tensions in oil producer Iran
3 January 12:59 PM Oil may surpass $80pb by 2018-end
Oil prices are forecast to rise in 2018, going up as high as $80 per barrel
2 January 05:40 PM US tax reform to charge BP $1.5bn
BP on Tuesday announced it would incur a $1.5 billion charge in 2017’s fourth quarter’s earnings because of the US tax reform