TransCanada to sue over KXL decision
TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. Oil company TransCanada announced it Continue Reading
Canadian Oil Sands makes last stand
Ahead of the expiration of a hostile takeover offer, Canadian Oil Sands Ltd. said it was in a strong position to endure the weak market alone. Canadian Oil Sands is Continue Reading
No Short-Term Fix for California Methane Leak
To the dismay of thousands of residents of Porter Ranch, Calif., whose lives have been upended by a huge natural-gas leak from a nearby well, the local utility says it Continue Reading
Carmakers Forge Ahead With Electric Vehicles
Although sales of electric and hybrid vehicles have struggled, automakers are charging ahead to bring new battery-powered vehicles to market. Several car companies have focused on electric vehicles at the Continue Reading
Ukraine challenges Russian gas project
Ukrainian energy company Naftogaz said it filed an official complaint in Europe, arguing Russian gas pipeline expansion plans would limit competition. Russian energy company Gazprom in September signed a shareholder Continue Reading
Where Actually is that Much-hyped Global Oil Glut?
The media is full with news that there is a global oil glut. It was parroted by the Australian public broadcaster ABC TV, using this (unsuitable) opportunity to take a Continue Reading
NYMEX February gas futures fall 5.8 cents on weather, demand forecasts
The NYMEX February natural gas futures contract settled at $2.267/MMBtu Wednesday, down 5.8 cents, as traders showed apprehension toward weather forecasts and storage withdrawal predictions. WSI in its six- to Continue Reading
Oil Prices Fall to Lows Last Seen Over a Decade Ago
Oil prices plunged to levels not seen in more than a decade on Thursday, hammered by the continuing turmoil in China , the world’s second biggest oil consumer. China’s stock Continue Reading
$30 Oil Just Got Closer as WTI Slides to 12-Year Low on China
Risk U.S. oil futures in New York slid to the lowest in 12 years as turmoil in China’s markets pushes crude closer to $30 a barrel. West Texas Intermediate slid Continue Reading
Global oil prices hit 11-year low on China market turmoil, storage overhang
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China’s stock trading left Asian markets in a turmoil, while Continue Reading