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Houthis Rebel Group Seize an Oil Rig in the Red Sea...

The Houthis from Yemen recently seized a vessel that was pulling cargo from Asia in the Red Sea on Sunday. The Saudi-led coalition announced...

EIA Reports A Buildup, Oil Prices Recover

The Energy Information Administration or EIA reported a buildup in crude oil inventories in the United States yesterday. The news sent WTI crude and...

Oil Inventory Report Shows Buildup in US Crude

The American Petroleum Institute, earlier today reported a buildup of about 1.7 million barrels in US crude. Both Brent and WTI crude oil fell...

Oil Petroleum Prices Edges Lower Against Positive News

Oil petroleum prices fall this Tuesday’s trading against good signs from the Sino-US trade war. News from the two biggest oil importers and demand...

Shell Oil Warns Consumers Before IMO 2020 | Wibest

Shell oil or Royal Dutch Shell PLC issued its take on what effects switching fuels have on engines ahead of the IMO 2020. On...

OPEC Countries Gives Nigeria New Target

  OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant...

China National Petroleum Corp Passes over Venezuelan Oil Charging

  Recently, a leading buyer of Venezuelan oil, China National Petroleum Corp (CNPC) cut cargo loading for in September. The cutting down happened after the state...

New Saudi Energy Ministry Conveys OPEC+ Union Settling

  On Monday, Saudi Arabia's new energy ministry indicated that the world's top petroleum exporter would keep working with other producers. This is to achieve...

Petroleum Giant Rosneft Failed to End Tainted Oil Crisis

  On Tuesday, Kremlin-run petroleum giant Rosneft said that Transneft, which manages Russia's oil pipelines, was unsuccessful to deliver an answer to a tainted-oil crisis. Since...

Mexican Oil and Gas Retract Production Plan

Recently, Mexico announced it might change its plans and call on the private sector once again. It is to bolster oil and gas production. Mexican...