Amid energy rout, traders see profitable 2016 opportunities
Energy markets have spent most of 2015 in a tailspin and there are expectations that oil, coal and natural gas prices could fall further next year. Despite the rout, many Continue Reading
Iran woos Indian refiners to drive oil sales in cut-throat market
Spurred by the prospect of an end to western sanctions, Iran has agreed to consider Indian demands for steep oil price discounts and other buying incentives, sources said, as it Continue Reading
OPEC will stick to policy on no output cuts – Iraq’s oil minister
OPEC will stick to its decision on Dec. 4 to maintain a policy of not limiting production, despite the drop in global prices, Iraq’s oil minister said on Sunday, adding Continue Reading
Saudi Arabia’s oil exports rise to 7.364 million bpd in October: JODI
Saudi Arabia’s crude oil exports in October rose by 253,000 barrels per day from September to 7.364 million bpd, official data showed on Sunday. The oil exporting heavyweight maintained high Continue Reading
Nigeria: Petrol Is Nigeria’s Biggest Import in Q3
Premium motor spirit (PMS), popularly called petrol, has emerged Nigeria’s biggest import out of a total value of Nigeria’s imports of N1.69 trillion in the third quarter of 2015, the Continue Reading
Japanese Towns Bank on Renewable Energy
Japanese cities are entering the renewable-energy business, the latest phase in a shake-up of the nation’s power sector in the aftermath of the 2011 Fukushima nuclear crisis. So far, about Continue Reading
Huge Fukushima Cover-Up Exposed, Government Scientists In Meltdown
Fukushima radiation just off the North American coast is higher now than it has ever been, and government scientists and mainstream press are scrambling to cover-up and downplay the ever-increasing Continue Reading
It’s About the Economy, Foes of U.S. Oil Export Ban Preached
Working the halls of Congress, lawmaker by lawmaker, to end the ban on U.S. crude oil exports, oil-state senators and energy company executives were united by a single strategy and Continue Reading
Gas Windfall Fails to Stoke Consumers
AAA says regular gas nationwide fell Sunday to $2 a gallon. American consumers are getting a windfall of billions of dollars a week thanks to low fuel prices. The U.S. Continue Reading
End of Oil-Export Ban Provides Blueprint for Bipartisan Compromise
Congress abolished the 40-year ban on oil exports this past week, a victory for oil companies and conservatives that few thought conceivable until recently. One thing made it possible: supporters Continue Reading
Gas Leak Fuels Frustration
County officials have declared a state of emergency in the Porter Ranch neighborhood here, where more than 1,600 residents have been displaced by a massive natural-gas leak now entering its Continue Reading
Ruble Extends Declines as Brent Oil Falls to 11-Year Low
The ruble headed for its lowest closing level on record as Brent crude extended its slide while Societe Generale SA said the currency is too strong relative to the price Continue Reading
Siberian Surprise: Russian Oil Patch Just Keeps Pumping
In the fight for market share among the world’s oil producers this year, Russia wasn’t supposed to be a contender. But the world’s No. 3 producer has been pumping at Continue Reading
Gasum, Russian Gazprom reach price deal; Gazprom divests from Finland – Natural Gas | Platts News Article & Story
Price negotiations between Russian gas company Gazprom and Finland’s Gasum, ongoing since early 2014, have been concluded, Gasum said Friday. On the same day, Gasum said in a separate press Continue Reading
Who’s right, commodities or the Fed?
As the U.S. Federal Reserve Bank raised interest rates last week for the first time in 10 years in response to what it said was strength in the U.S. economy, Continue Reading
Oil heads for third straight weekly loss as supply weighs
Oil prices edged higher on Friday as investors closed positions ahead of the end of the year though crude was still heading for a third weekly loss in a row, Continue Reading
Oil Prices Lifted by Weaker Dollar
Oil prices rose in choppy trade on Friday, supported by a weaker dollar, but the gains were capped by fears of a worsening global glut. Oil is heading for a Continue Reading
Oil makes only one promise and that’s volatility: Kemp
Just about the only thing we know about where oil prices are headed over the next few years is that most of the forecasts will be wrong. The oil market Continue Reading
OPEC Sees Oil Prices Below $100 in Long Term
The Organization of the Petroleum Exporting Countries said Friday that oil prices will remain below $100 a barrel in the long term, but should bounce back from current levels as Continue Reading
OPEC Members In Jeopardy, How Long Can They Hold Out?
Where’s the floor? Is this the new normal? Answers have proven elusive and predictions unreliable as the oil market continues to lurch to and fro, though mostly down; oil is Continue Reading
U.N. targets Islamic State oil finance network
Finance ministers gathered at the United Nations said that, with millions of dollars coming from illegal oil sales, it was time to target Islamic State funding. “So far, ISIL has Continue Reading
Up to Nine Russian Contractors Die in Syria, Experts Say
As many as nine Russian contractors died in October when a mortar round hit their base in western Syria, according to several people familiar with the matter. The incident, experts Continue Reading
Scarred Riverbeds and Dead Pistachio Trees in a Parched Iran
The early-morning sun meagerly brightened the gloom of this sad township, a collection of empty, crumbling houses along a highway through the dusty desert landscape in southeastern Iran . Until Continue Reading
Israeli forces kill 3 Palestinians, injure at least 78 others in clashes
Israeli forces on Friday shot and killed three Palestinians and wounded at least 78 others in clashes that raged across the occupied Palestinian territories for a second straight day, according Continue Reading
Libya Peace Deal Won’t Be Enough to Restore Former Oil Output
Libya’s United-Nations-brokered peace deal may help calm deepening political turmoil, but the North African nation will struggle to restore oil production to levels reached before the Arab Spring five years Continue Reading
Libya’s Rival Factions Sign Deal for Unity Government
Representatives of Libya ’s dueling parliaments signed a United Nations -brokered agreement on Thursday to form a national unity government that supporters said was an important and long overdue step Continue Reading
Libya’s Eastern Oil Company to Sign Oil Sales Amid UN Peace Deal
The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the country’s crude oil after a peace Continue Reading
Yemen rebels halt peace talks in Switzerland amid continued gov’t strikes
Yemeni peace talks in Switzerland were halted Friday after the country’s Shia Houthi rebel delegation suspended all meetings with the internationally recognized government in protest at its cease-fire violations, members Continue Reading
Nigeria: Country No Longer Has Resources to Fund Oil Industry – FG
The Federal Government stated, yesterday, that the country no longer has the resources to fund the oil and gas industry, and is therefore, considering and developing new models of financing Continue Reading
India’s quest for oil and gas: More questions than answers
The petroleum ministry has gone into overdrive with two recent policy announcements. It decided to offer 69 small oilfields for development through an international bidding process and has floated a Continue Reading
Britain’s long transition from coal holds lessons for China: Kemp
Britain’s last deep coal mine closed on Friday, bringing the curtain down on an industry that once employed more than 1 million miners at over 3,000 collieries. Coal helped Britain Continue Reading
China’s Renminbi Declines After Being Named a Global Currency, Posing Challenges
At the end of last month, the Chinese renminbi was anointed as one of the world’s elite currencies , a first for an emerging market and a widely hailed acknowledgment Continue Reading
Beijing Issues a Second ‘Red Alert’ on Pollution
The Chinese capital issued a “red alert” for air pollution on Friday morning, saying it was enacting for the second time the highest-level emergency pollution plan in advance of a Continue Reading
IEA: China Might have Passed ‘Peak Coal’ in 2013
China possibly saw its coal consumption peak in 2013, according to the International Energy Agency (IEA). The seismic shifts underway in China have global implications for both coal use and Continue Reading
US Congress approves extension of biodiesel, cellulosic tax credits
The US Senate on Friday passed a tax and spending package that includes a retroactive extension through next year of a $1/gal blenders tax credit for biodiesel and a $1.01/gal Continue Reading
End of Oil-Export Ban Provides Blueprint for Bipartisan Compromise
Congress abolished the 40-year ban on oil exports this past week, a victory for oil companies and conservatives that few thought conceivable until recently. One thing made it possible: supporters Continue Reading
Port of Seattle partners with Alaska Airlines and Boeing to supply sustainable aviation biofuel at Sea-Tac Airport
The Port of Seattle, Alaska Airlines and Boeing are partnering to move toward powering all flights by all airlines at Seattle-Tacoma International Airport with sustainable aviation biofuel. Sea-Tac is the Continue Reading
Texas RRC Oil and Gas Production
The Texas RRC Oil and Gas production data is out. All the RRC data below is through October 2015 and all the EIA data below is through September 2015. Important: Continue Reading
EIA’s newly designed coal web pages provide easier access to coal data
The U.S. Energy Information Administration (EIA) redesigned the weekly Coal Production report and combined two price reports into a single Coal Markets product to improve access to EIA’s coal data. Continue Reading
Statoil cancels Transocean rig contract
Rig company Transocean said a contract for rig work in the deep waters of the U.S. Gulf of Mexico was cancelled by Norwegian energy company Statoil. Total revenues for the Continue Reading
Russia boosts oil sales in Asia, even as OPEC battles to win customers
Russian oil producers have strengthened their position in Asia by supplying nearly a quarter more crude this year, shifting the balance of power in one of the few bright spots Continue Reading
Germany’s Merkel Defends Russian Gas Pipeline Plan
German Chancellor Angela Merkel found herself under pressure on Friday from other Europe Union leaders over her government’s support for a natural-gas pipeline from Russia that others fear could further Continue Reading
E.U. to Extend Sanctions Against Russia, but Divisions Show
The European Union moved on Friday to extend economic sanctions against Russia for six more months for its annexation of Crimea and support for separatists in Ukraine, even as European Continue Reading
Ukraine Halts Repayments on $3.5 Billion It Owes Russia
MOSCOW — The Ukrainian government declared a moratorium Friday on repaying about $3.5 billion in debt to Russia , introducing new strains to an already poisonous relationship. Ukraine ’s cabinet Continue Reading
Oil Prices Lifted by Weaker Dollar
Oil prices rose in choppy trade on Friday, supported by a weaker dollar, but the gains were capped by fears of a worsening global glut. Oil is heading for a Continue Reading
Oil Prices Fall as Stockpiles Keep Rising
Oil prices retreated Thursday after receiving another blow from stockpile data showing no pause in the flood of excess oil. Data provider Genscape Inc. said Thursday that stockpiles at Cushing, Continue Reading
Oil heads for third straight weekly loss as supply weighs
A pumpjack brings oil to the surface in the Monterey Shale, California, April 29, 2013. Oil prices edged higher on Friday as investors closed positions ahead of the end of Continue Reading
When’s Winter Coming? Balmy December Sinks Global Energy Prices
Christmas is a week away, but temperatures more typical of spring than mid-winter are draining global energy markets of any festive spirit. Natural gas prices are depressed across the U.S. Continue Reading
Natural Gas Falls to 16-Year Low on Healthy Supply
Natural gas slid to a fresh 16-year low on Thursday as traders increasingly fear warm weather and heavy stockpiles are leading to a glut that will last deep into next Continue Reading
Get Ready for $20 Oil
For those of you waiting for the inevitable rebound in oil prices, you might be waiting a while longer. Global energy markets are still holding out for a much bigger Continue Reading