Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June. (Bloomberg) — Saudi Arabia’s warning to OPEC+ cheaters and short-sellers alike Continue Reading
Oil prices perked up this week, buoyed by both OPEC developments and Hurricane Sally. That is despite BP’s pessimistic 2020 edition of its annual outlook that suggests we have already Continue Reading
In spectacular fashion, crude oil traders went from discussing bearish factors such as storage containment issues to celebrating forecasts calling for supply shortages, in less than a week. U.S. West Continue Reading
Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel. As Continue Reading
Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices Continue Reading
1. BP sees oil demand already at a peak – BP (NYSE: BP) made major headlines this week when it released its latest energy outlook, which laid out three scenarios, Continue Reading
An argument is raging behind palace doors in Saudi Arabia: Now that the United Arab Emirates and Bahrain have forged ties with Israel , should the kingdom follow suit? Saudi Continue Reading
Libya: A New Twist to Haftar’s Power Play Turkey would like the world to think that the resignation of the eastern government this week signifies the weakening of General Haftar. Continue Reading
Libya’s National Oil Corporation (NOC) is conditioning lifting the force majeure on the country’s oil exports on the demilitarization of all oil facilities and export terminals, NOC’s chairman Mustafa Sanalla Continue Reading
Nationwide crude output increased in August, led by IOC-operated fields, as Iraq balances OPEC pledges against tough financial realities. Dhi Qar Oil Company workers at the Suba oil field on Continue Reading
Two rival groups in Libya — the UN-backed Government of National Accord and the self-styled Libyan National Army — have agreed to reopen key oil ports, signaling the possible restart Continue Reading
Libya’s state-owned National Oil Corp. reiterated on Sept. 18 that it will not lift force majeure on crude exports from the blockaded oil terminals unless these facilities are demilitarized. Receive Continue Reading
U.S. President Donald Trump’s administration says that on Saturday (2000 EDT/0000 GMT Sunday) all United Nations sanctions on Iran have to be restored and a conventional arms embargo on the Continue Reading
The Trump administration has increased criticism and pressure on Iran in recent days: accusing the country of planning assassinations of American diplomats, announcing hacking indictments, preparing unilateral sanctions and denouncing Continue Reading
Total SE CEO Patrick Pouyanné and Mozambican president Filipe Nyusi met to discuss an intensifying Islamic State-linked insurgency. Bloomberg) — Total SE Chief Executive Officer Patrick Pouyanné and Mozambican president Continue Reading
China’s commerce ministry on Saturday issued rules on its proposed list of “unreliable entities,” part of an intensifying rift with the United States, saying it will target foreign firms and Continue Reading
China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing imports this month Continue Reading
The 45th president’s stance on climate change was established long before he entered the White House. It’s a hoax, he argued, and fossil fuel is an unequivocal good for the nation. Trump Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 179. The total number of active oil and gas rigs increased Continue Reading
The first evacuations and crude oil shut-ins from deepwater platforms began Sept. 18 from the western Gulf of Mexico in advance of a tropical depression that’s coming on the heels Continue Reading
US petroleum demand increased in August, and supply decreased, while Gulf Coast refineries, petrochemical plants, and export terminals coped with seasonal disruptions due to Hurricane Laura, according to the American Continue Reading
Preface . If you think we have no worries because we can get arctic oil , think again. We can’t because icebergs mow drilling platforms down in the ocean. On Continue Reading
Dozens of new electric-vehicle models are expected to arrive at dealerships in the next few years. We followed eight Wall Street Journal reporters in four countries to see if they, Continue Reading
Many things will have to work out to end the coronavirus pandemic. Drug companies will have to develop a safe and effective vaccine. Billions of people will have to consent Continue Reading
Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated Continue Reading
As of September 2022, new cars must meet EU limits on NO x emissions under real driving conditions to comply with air pollution limits, the European Parliament has voted . Continue Reading
Gazprom chairman Alexey Miller told Russian president Vladimir Putin in a working meeting that design and survey work on the 50 billion cu m/year Power of Siberia 2 natural gas Continue Reading
New rules proposed in the UK could see electricity distributors switching off electric vehicle (EV) chargers at home connected to the smart meter system to prevent grid overloads in case Continue Reading
Crude oil future prices ticked higher during the mid-morning trade in Asia Sept. 18, as the markets continued to price in a commitment from the OPEC to ensure that the Continue Reading
Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group’s production cuts amid signs Continue Reading
Oil posted its largest three-day advance since May after Saudi Arabia forcefully renewed calls for OPEC+ members to adhere to their production quotas. Futures in New York climbed 2% on Continue Reading
Oil posted its largest three-day advance since May after Saudi Arabia forcefully renewed calls for OPEC+ members to adhere to their production quotas. Futures in New York climbed 2% on Continue Reading
For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain Continue Reading
OPEC and the International Energy Agency delivered bad news for the oil market this week. Both authorities revised their oil demand forecasts for this year, and both revised them downwards. Continue Reading
The world can achieve net-zero greenhouse gas emissions by the middle of this century for an annual investment of US$1 trillion-US$2 trillion, or up to US$60 trillion over the next Continue Reading
With international travel in much of the world still disrupted by the coronavirus pandemic, some airlines are resorting to “flights to nowhere” that target passengers who long for air travel — Continue Reading
Rooftop solar generators, electric vehicle batteries and other small energy resources will be allowed to supply wholesale power markets in the US, in a challenge to top-down delivery systems controlled Continue Reading
The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude. (Bloomberg) — Saudi Arabia showed its determination to stop Continue Reading
U.S. President Donald Trump plans to issue an executive order allowing him to impose U.S. sanctions on anyone who violates a conventional arms embargo against Iran, three sources familiar with Continue Reading
Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent months Continue Reading
Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports rise to 5.734 million barrels per day (bpd) in July, up from a historic low of below 5 Continue Reading
Highlights Monitoring committee meets to review output cut compliance 2.375 mil b/d compensation cuts due for May-Aug excess Prince Abdulaziz calls for all compensation delivered by year-end London — Saudi Continue Reading
Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years. The Dutch oil industry giant applied Continue Reading
The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how Continue Reading
California’s unprecedented wildfires, driven by man-made climate change, are pumping the atmosphere with tens of millions of tons of carbon dioxide that will only drive global temperatures higher. Two scientists Continue Reading
Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers on the Continue Reading
A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the Continue Reading
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead Continue Reading
Like an elderly man wobbling into a party and trying to fit in with young kids by using “hip new lingo”, General Motors – days after seeing its partnership with Continue Reading
The US oil and gas rig count climbed six in the week ended Sept. 16 to an eight-week high 293, rig data provider Enverus said Sept. 17, but drilling activity Continue Reading
