Crude oil falls for second day as U.S. rig count rises
Crude oil slid for a second session on Monday, down more than 1 percent from last week’s 2016 highs on concerns over a supply glut after the U.S rig count Continue Reading
Speculators Most Bullish on Oil Since June as Output Talks Loom
An oil worker passes stores of pipe drilling sections in the village of Otrada, Russia. Speculators became the most bullish on oil since June as a meeting of major producers Continue Reading
Why the Global Oil Glut Might Not Fill Swimming Pools After All
One of the warning lights that there’s too much oil around is no longer flashing, adding to signs that global crude markets are finally on the mend. Just a month Continue Reading
Saudi Arabia Won’t Let Oil Prices Stay Over $40
Saudi Arabia faces a stark choice: either let markets crush American frackers or watch American frackers crush markets. After testing the upper twenties for a couple times, oil prices have Continue Reading
Kenyan President Hosts Ugandan Leader for Talks on Oil Pipeline
Kenyan President Uhuru Kenyatta hosts his Ugandan counterpart Yoweri Museveni in the capital, Nairobi, on Monday for talks on a proposed pipeline to ferry crude from oilfields being developed by Continue Reading
CCM: slowdown in China Li-ion unit output growth signals shift in market structure toward new energy vehicle applications
In 2015, China’s total output of Li-ion batteries increased by 3.13% year-on-year (YoY)—a significant slowdown in the output growth rate from the prior 5 years, according to the National Bureau Continue Reading
Chevron Ships First LNG From Gorgon Project Off Australia
Chevron Corp. has shipped its first cargo of liquefied natural gas from its new multibillion-dollar plant off Australia’s west coast to a customer in Japan, the U.S. energy company said Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but Continue Reading
Peak Oil Returns: Why Demand Will Likely Peak By 2030
Think Progress has a post on the “peak oil demand” theory that seems to have come into vogue to replace traditional peak oil theory based on supply depletion – Peak Continue Reading
Peak Oil Revisited: Did I get anything right?
In 2014 I wrote on the arrival of peak oil. That now appears at best premature. So what did I get wrong, and what (if anything) did I get right? Continue Reading