Japan Protests Chinese Ship Activity In Contested East China Sea
Japan has filed a protest with China after noticing activity from Chinese mobile drilling ships in a gas-rich area near the East China Sea’s Senkaku Islands that are controlled by…
Asia’s Warren Buffet Faces Off Against The Utility Industry
One seldom sees a financial news headline so guaranteed not to attract attention. For instance, “Cheung Kong Infrastructure and Cheung Kong Properties buy Ista International GmbH”. Other than conveying that…
Bulls Crushed As Oil Crashes Again
Oil markets received a heavy blow on Tuesday morning as oil crashed by 3 percent due to a surge in OPEC’s July output. (Click to enlarge) (Click to enlarge) (Click…
Energy Transfer Sells Stake In Troubled Rover Pipeline
Energy Transfer Partners is selling a 32.44-percent stake in an entity of Rover Pipeline Project to Blackstone Energy Partners for around US$1.57 billion, while the US$4.2-billion Rover natural gas pipeline…
Oil Prices Slip As OPEC Oil Exports Creep Higher
OPEC’s crude oil exports reached 26.68 million bpd last month, energy data provider Kpler said, on the back of higher shipments from Libya, Nigeria, and the UAE. The figure was…
Kurdistan Claims Iraq-Iran Oil Pipeline Violates U.S. Sanctions
The autonomous Iraqi region of Kurdistan has not been informed of plans by the central government that Iraq and Iran agreed to study the potential construction of a pipeline that…
Is Russia Poised To Own A Stake In U.S. Oil?
As the country’s economy continues to tank, Venezuela’s national oil company PDVSA is approaching the deadline for a $1.1bn note issue due in November, and there’s a pretty good chance…
Is The Mafia Helping ISIS Smuggle Oil Into Italy?
The Italian mafia may have teamed up with the Islamic State to smuggle crude oil from the Middle East into Italy, an ongoing police investigation has suggested, according to The…
BP Q2 Profit Slumps As Write-downs Weigh
BP reported underlying profit on a replacement cost basis of US$684 million for the second quarter of the year, down from US$1.5 billion for the first quarter. On an annual…