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According to the West Texas Intermediate (WTI) statistics for April, crude oil prices fell by 1.6% and closed at $48.49 per barrel on the 10th of March this year, falling below the 200-day moving average.Basically, such prices fell by...
Olaf Carrera, the director of British Petroleum (BP), has confirmed that his company will enter the gas station market in Mexico.Founded in 1909, this UK-based company has a value of $99 billion. Now, it is planning to penetrate a...
Last month, the Iranian Oil Ministry signed an agreement with the Iraqi Oil Ministry to settle disputes over joint oil fields and to examine the feasibility of creating an oil pipeline from Iraq’s Kirkuk fields through Iran.The agreement was...
According to industry sources, natural gas prices in India will possibly increase by 8% to $2.7 per million British thermal units (mBtu) in April this year, as the global gas hub rates spikes.This will be the first increase in...
Saudi Arabia, which is the biggest exporter of crude oil in the world, has raised pricing for such a commodity for March sales, as the oil-output cuts by the Organization of Petroleum Exporting Countries (OPEC) and other producers are...
In a bid to increase its energy security, India plans to add two more strategic crude oil reserves, according to the country’s Finance Minister Arun Jaitley.Specifically, the reserves will be set up in Bikaner and Orissa in addition to...
The much-publicized trade war between the US under the leadership of President Donald Trump and Mexico is believed to crash natural gas prices, considering both countries’ mutual dependency on such a commodity.According to 2016 records, the US exported around...
An energy-from-waste (EfW) power plant, which was built by renewable energy firm New Horizons Energy Ltd. and gas company Afrox, was inaugurated for operation in Athlone, South Africa.This new plant was specifically designed to create usable biomethane from organic...
Fuel prices in the US, especially for gasoline and natural gas, are expected to go up this 2017, according to the first short-term outlook by the Energy Information Administration (EIA).The new forecast indicates that crude oil prices in the...
Just recently, Statoil said that it has made an oil discovery five kilometers northwest of the Norne field in the Norwegian Sea. It also received approval from the authorities in Norway of its plans for development and operation (PDOs)...

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