Tags » Oil Industry

Russia Becomes the Major Supplier of Oil to China, Replacing Saudi Arabia and Iran

Two of the major oil suppliers to China; Saudi Arabia and Iran, are experiencing a decline in orders year-over-year. This phenomenon is due to Russia doubling its exports to China in April 2016, compared to the exports for the same period last year. 105 more words

Energy & Mining

Disruptions in Oil Output Across Africa and Americas Hike Prices

The turmoil in Nigeria, bankruptcy of energy firms in US and the crisis in Venezuela have contributed to disruptions in the global supply of oil, resulting in the rise of oil prices. 74 more words

Energy & Mining

Oil Prices Slip On a Strong Dollar and Surplus Supply

A strong dollar on Friday made the oil prices to slip encouraging investors to cash in on gains for the second week. The market was more focused on how unplanned supply outages due to wildfires in Canada and disruptions in supply in Nigeria, Libya and Venezuela can reduce a persistent global surplus. 61 more words

Energy & Mining

Ariel Photographs

On a recent trip to Kl, Malaysia from Bangkok, after I made the trip to Suvarnabhumi Airport, the flight past over the area where I live. 29 more words

Photography

Strikes Bring Shortages in Hundreds of French Petrol Stations

Hundreds of petrol stations faced shortages in France on Saturday as protests over a labor law reform led to a fall in refinery output and blockades that hampered fuel supply and prompted consumer panic. 326 more words

International

Syria asks Russia to rebuild its oil industry

Russia’s Energy Minister Aleksandr Novak said on Friday that the country’s energy companies have received requests from Syria to help rebuild the country’s oil and gas industry. 241 more words

World News

SandRidge Energy Inc. Files for Bankruptcy Becoming the Latest Victim

Although the share prices of companies in the energy sector are rising, many companies are still reeling under the stress of the two-year downturn. As per the West Texas Intermediate, the US benchmark, crude was trading above $48 per barrel in response to major supply disturbances in Canada and Nigeria. 130 more words

Energy & Mining