Israeli Power Producer Launches Arbitration vs Chevron's Leviathan Partners
Dalia Energies has sought arbitration in London over a 20-year natural gas supply agreement terminated by NewMed Energy and Ratio Energies, Chevron's local partners in the offshore Leviathan field.
Saudi, Turkish Officials Travel to Iran to Cool Tensions
Top security officials from Saudi Arabia, Pakistan and Turkey are set to meet Iran's leaders in an effort to defuse tensions and breathe new life into talks aimed at preventing a broader war in the Middle East.
UK Seen More Reliant on Gas Imports This Winter
Britain is expected to rely even more heavily on natural gas imports this winter.
Iberdrola Secures New EIB Loan for Brazil Grid Upgrades
Iberdrola's Brazilian subsidiary has secured another loan from the European Investment Bank to help modernize the electricity infrastructure in the states of Sao Paulo and Mato Grosso do Sul.
Germany Wants to Stop More Oil Refinery Closures
Germany said it will seek to stem the loss of oil refining capacity.
Brent Tops $116 as Middle East Risks Grow
Oil prices climbed as escalating attacks on Saudi Arabia heightened fears of Middle East supply disruptions.
Physical Oil Prices Drop in Mideast
The physical prices of some Middle East crudes sold outside the Persian Gulf have dropped.
EU Diesel, Jet Fuel Supplies Remain Tight
However, the European Commission assured there was 'currently no physical shortage of these products in Europe'.
SLB Sees Growth Driven by ME Oil Field Recovery
SLB, formerly known as Schlumberger, is seen as a bellwether for oil and gas companies.
Norway Gas Production Hits Lowest Level This Year
Norway produced over 10.5 billion cubic feet per day of natural gas in September, its lowest monthly figure this year, according to preliminary official data.
DOE Advancing Constitution Pipeline to 'Strengthen Security'
'The Trump administration is advancing the long-delayed natural gas pipeline to strengthen America's energy security', the DOE said.
Eni Further Boosts Shareholder Returns
The payout bump-up is underpinned by a strong cash flow outlook as production and prices increased year-on-year.
Global Crude Freight Rate Surges
The global average crude freight rate surged above $20 per barrel, from $3 per barrel a year ago, analysts at Goldman Sachs said.
EU Diesel, Jet Supplies Remain Tight
However, the European Commission assured there was 'currently no physical shortage of these products in Europe'.
Shell, ExxonMobil Said to Put Chemicals JV Up for Sale
The sale may attract interest from private equity suitors, and the oil companies are aiming for a deal that values the unit at about $8 billion, according to the Financial Times.
Oil Hits $114 Intraday
The price of Brent crude oil reached $114 per barrel intraday on Friday.
China's Petrochemicals Glut Turns to Crunch
China has burned through much of a petrochemicals glut built up by years of overproduction as the U.S.-Iran war chokes oil flows.
Oil Surges 4% After Deadly Saudi Attacks
Brent climbed above $113 amid Saudi attacks and renewed Iran tensions, while global diesel supplies remained tight.
USA Crude Oil Stocks Drop 3MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 412.517 million barrels on October 16, the EIA's latest weekly petroleum status report showed.
Saudi Aramco Evacuates HQ
The kingdom is on alert after a flurry of attacks from Yemen's Houthis in recent weeks.
