U.S. oil refiners paid more than $1 billion to comply with rules to produce more ethanol-infused gasoline last year, the most in two years, according to filings that will likely Continue Reading
Crescent Dunes Solar Energy, a 110 megawatt (MW) concentrating solar power (CSP) electricity plant, began full operation in February, according to its press release . Crescent Dunes uses an energy Continue Reading
The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that Continue Reading
The U.S. oil-rig count fell by eight to 392 in the latest week, according to Baker Hughes Inc., reaching levels last seen in late 2009. The number of U.S. oil-drilling Continue Reading
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. U.S. energy firms this Continue Reading
The indicted, and now deceased, natural gas pioneer was a primary funder of the Sierra Club’s anti-coal campaign. by Richard Martin March 3, 2016 Aubrey McClendon, the former Chesapeake Energy Continue Reading
Driving forward in the race for highly efficient solar cells, First Solar says it has converted 22.1 percent of the energy in sunlight into electricity using experimental cells made from Continue Reading
U.S. exported average 364,000 barrels/day of crude in January U.S. monthly crude oil exports fell to an average 364,000 barrels a day in January, the first full month of unfettered Continue Reading
A pipeline consortium slated to bring non-Russian natural gas through southern Europe said it awarded contracts for pipeline construction in Greece and Albania. A joint venture formed by Italian engineering Continue Reading
In a first, Russian energy company Gazprom said it secured a five-year loan from the London branch of the Bank of China for more than $2 billion. “For Gazprom this Continue Reading
Oil headed for the longest run of weekly gains since May as Nigeria said key members of OPEC intend to meet with other producers in Russia this month to renew Continue Reading
Oil is pulling away from the market’s biggest storm in seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy Continue Reading
Crude futures rose in Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official U.S. data showed oil production fell to its lowest level since Continue Reading
Oil prices fell on Thursday after weekly U.S. data showed a big increase in crude stockpiles, underscoring the continuing oversupply of oil. Prices initially rose after the report was released Continue Reading
Oil prices reversed earlier gains on Thursday as swelling U.S. crude inventories outweighed growing sentiment that a 20-month-long market rout is coming to an end. Brent futures rose to $37.17 Continue Reading
Natural gas prices extended their slide Thursday after weekly U.S. data showed demand slumped last week, reinforcing the bleak outlook for gas-fired heating demand in the waning days of a Continue Reading
Dallas Federal Reserve President Robert Kaplan on Thursday called on the Fed to be patient when it comes to raising interest rates, citing the effect of tighter financial conditions on Continue Reading
Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Continue Reading
The Organization of the Petroleum Exporting Countries (OPEC) logo is pictured at its headquarters in Vienna June 10, 2014. Some members of OPEC plan to meet other oil producers in Continue Reading
50-year-old tanker-tracking system key to measuring results Judging the supply of the world’s most important commodity often comes down to a good set of binoculars. In a world of Twitter, Continue Reading
Iran, OPEC’s No. 3 producer, is expected to raise its oil exports in March to around 1.65 million barrels per day from 1.5 million bpd a month earlier on the Continue Reading
Iran’s return to global oil markets after sanctions were lifted isn’t living up to the country’s grand ambitions, or at least not yet. Six weeks after the historic nuclear deal Continue Reading
The electricity network for all of Syria is down for unknown reasons, Reuters reported March 3, citing state news agency SANA. Investigators are looking into the cause of the outage. Continue Reading
Iraq’s self-governing Kurds are cementing control over oil produced in the north of the country by agreeing to sell crude pumped in the contested province of Kirkuk, a year after Continue Reading
More capacity was added to operations associated with the Zubair oil and gas field in southern Iraq, Italian energy company Eni said Thursday. Eni and its Zubair partners with the Continue Reading
A tragedy is just waiting to happen in one of the largest cities in the Middle East, engineers warn. The Iraqis who built the dam structure for the Mosul dam Continue Reading
Gulf OPEC member Kuwait has changed the way it prices oil for Europe, trading sources said, in a rare tactical move aimed at making its crude more competitive as the Continue Reading
Nigeria will break up its state-owned oil company into 30 separate units within weeks in a bid to reform the unprofitable entity, Managing Director Emmanuel Kachikwu said. Each company will Continue Reading
Colombian exports slumped to their lowest level since 2007 in January, as prices fell for the Andean nation’s oil, coal and coffee. Exports fell 37 percent to $1.84 billion from Continue Reading
China’s leaders two decades ago decided that a combination of restructuring, privatization and massive job cuts was needed to revitalize the economy and shake up state industries weighed down by Continue Reading
Japanese authorities said they found on-road emissions were much higher than in laboratory tests of certain diesel-powered vehicles made by Toyota Motor Corp., Nissan Motor Co. and Mitsubishi Motors Corp. Continue Reading
The Asian gasoline market is swamped in supply, because refineries are running at maximum rates to take advantage of positive margins while demand has not kept up. “Demand is pretty Continue Reading
Prices will rebound in 2H to $40-$50 a barrel, with volatility Russia and Saudi Arabia’s agreement to cap oil output will help bring the market back into balance and trigger Continue Reading
Oil price weakness is finally catching up with Texas oil producers and contraction is now expected throughout 2016, an industry economist said. Oil field services company Baker Hughes estimates 305 Continue Reading
The Supreme Court on Thursday denied a long-shot request by states seeking to block an environmental regulation cutting mercury pollution from power plants, a boost for the Obama administration. A Continue Reading
Although it isn’t a liquid, “drop in the bucket” is an apt description of energy traders’ reaction to a mildly encouraging bit of news about natural gas. Underground storage of Continue Reading
The price of regular unleaded gas is pictured at 3.79 U.S. Dollar per gallon (3.7 Liter) at a 76 gas station in Los Angeles, California February 4, 2016. As U.S. Continue Reading
The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said. McClendon was charged Tuesday with allegedly violating Continue Reading
Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at Continue Reading
The U.S. Justice Department moved to dismiss an indictment against Aubrey McClendon a day after the shale-drilling pioneer died in a fiery car crash , casting uncertainty over a broader Continue Reading
Fossil fuel millionaires collectively pumped more than $100m into Republican presidential contenders’ efforts last year – in an unprecedented investment by the oil and gas industry in the party’s future. Continue Reading
Russian state gas giant PAO Gazprom has secured a €2 billion ($2.17 billion) loan from Bank of China Ltd., the largest single-bank credit in the Russian company’s history and a Continue Reading
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Figure 1. Ratio of Imported Goods and Continue Reading
Oil prices fell on Thursday after weekly U.S. data showed a big increase in crude stockpiles, underscoring the continuing oversupply of oil. Prices initially rose after the report was released Continue Reading
Oil prices reversed earlier gains on Thursday as swelling U.S. crude inventories outweighed growing sentiment that a 20-month-long market rout is coming to an end. Brent futures rose to $37.17 Continue Reading
A spike in U.S. crude oil inventories and questions about Chinese economic recovery brought an end to a short-term rally in oil prices in Wednesday trading. Crude oil prices have Continue Reading
The Iraqi government signed a $296 million deal with Italy’s Trevi firm on March 2 to repair and maintain the strategic Mosul Dam, Alsumaria News reported. An Iraqi government spokesman Continue Reading
Even as Iran and Saudi Arabia supported opposite sides in a bitter and bloody proxy war in Syria, the two adversaries managed to preserve a tense calm just over the Continue Reading
Saudi Arabia’s decision to raise oil prices to its main customers in Asia may just be another sign that crude markets are indeed on the road to recovery. The world’s Continue Reading
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
