Digest

New York. The two biggest U. S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side. Chevron Corp and Exxon Mobil Corp released dueling Permian Basin projections that, if realized, would cement the rivals as the ...

Melbourne. Australia is on the verge of becoming the biggest exporter of liquefied natural gas, with dozens of tankers a week carrying fuel to North Asia. It could also soon be importing LNG as supply sources in its southern states run out. Five LNG import projects are vying to start up ...

Rio de Janeiro. In its efforts to slash its climate-changing emissions nearly to zero by 2050, Rio de Janeiro has chosen a perhaps unlikely place to start: its trash bins. At a huge waste treatment plant outside of the famed beach city, methane gas released by buried municipal garbage is ...

New York. The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on. "From here there’s probably the potential to be ...

Trend's exclusive interview with Romanian Secretary of State Iulian-Robert Tudorache ahead of the 5th meeting of the Southern Gas Corridor Advisory Council in Baku Question: Romania will be able to receive Azerbaijani gas via BRUA pipeline. How much Azerbaijani gas do you expect to receive ...

Washington. Bank of America Merill Lynch sees a peak in global demand for crude oil around 2030, followed by a period of rapid decline as a result of the electrification of transportation. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. ...

Moscow. The Iranian leadership has sufficient forces to prevent the destabilization of the country after the resumption of US sanctions, Russian Ambassador to Iran Levan Dzhagaryan said in an interview with TASS. "Of course, the economic situation in Iran has worsened a bit after the ...

Moscow. Europe remains divided over the Nord Stream 2 project but even the endeavour's ardent antagonists are forced to admit that the construction of the pipeline can't be halted. Meanwhile, European countries are increasing Russian gas imports, according to preliminary Gazprom data. ...

Washington. The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down. Minutes before the ...

Davos. When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors. The conclusion of the discussions was worrying for those present - ...

Washington. Scholar Washington has warned German companies of a significant risk of sanctions unless they suspend their involvement in the Nord Stream 2 pipeline construction. Sputnik has discussed the US threats with Dr Mamdouh Salameh, International oil economist and visiting professor of ...

Texas, USA. Oil has been very good to university endowments in Texas. It was so good in the year through June 30 that the University of Texas saw the value of its endowment reach $31 billion, surpassing Yale to become the second-largest endowment in U. S. higher education, according to ...

Moscow. Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into ...

Saudi Arabia’s Minister of Energy Khalid Al-Falih is considered to be one of the most influential individuals on the global oil market. Traders, investors and officials keep close tabs on his comments, which can spark serious price changes to the world’s ‘black gold’. ...

Singapore. Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude. Firms will approve about $300 billion in spending on such ventures in 2019 and 2020, more than in ...

Chinese importers could be forced to buy crude oil at higher prices in global markets, as imports of this commodity from the United States are expected to halt after US crude oil will be subject to Beijing's retaliatory tariffs amid trade tensions between the two countries, experts told ...

London. Investors in oil majors have a problem. The need to curb carbon emissions means that sometime in the next few decades demand for fossil fuels could peak, raising the risk that prices collapse and reserves lose their value. Shareholders need to decide whether to ask tougher questions, ...

Trump is using everything he's got to wage economic war on Iran. His problem is that 'everything he's got' is not nearly enough, as the virtual monopoly power once wielded by the US has long since evaporated. Last week, a senior state department official announced the ...