News / International
Global Surplus of Oil Causes Build Up in Atlantic Basin
A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage - another sign the global surplus has some way to go before clearing.
European Oil, Gas Companies Seek UN Approval on Global Warming Policy
Six of Europe’s largest oil and gas companies have banded together for the first time to ask the UN to let them help devise a plan to stop global warming.
OPEC Becomes an Ally for US Amid Changing Times
The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC.
As Energy Demand Rises, Mediterranean Region Readies for the Challenge
Mediterranean states are on track to increase energy demand by 50 percent over the next 25 years, according to regional researchers, with the brunt of the growth falling on the southern part of the region.
Oil Leak Under Control in Kuwait Refinery
Kuwaiti National Petroleum Company (KNPC) announced on Saturday that a leak had been discovered in a water treatment unit tank at its Mina Abdullah refinery
Faulty Pipes Responsible for PetroRabigh Plant Shutdown
Saudi Arabia's PetroRabigh shut down a hydrogen-producing facility on May 29 due to faulty pipes, the company said on Sunday.
Iran: Pirate Attacks Rising but Oil Still Safe
Pirate attacks targeting commercial shipping, including oil cargo, have sharply increased, Managing Director of National Iranian Tanker Company (NITC) Ali Akbar Shafa’ie has said.
Iran Public Sector to Expand PetroChems for Post-Sanctions Era
An Iranian deputy minister of petroleum says the country’s petrochemical production capacity will reach 180 million tonnes in next 10 years despite international sanctions imposed on Iran's energy and financial sectors.
