Petroleos Mexicanos’ woes are hitting home for suppliers that less than two years back were preparing for an oil boom. Cotemar, one of Mexico’s largest oil service providers, will lay Continue Reading
US gas drillers, battered by the lowest prices in 17 years, find another release valve for their output: Canada. (Bloomberg) — U.S. gas drillers battered by the lowest prices in Continue Reading
The eventual peak in World fossil fuel output is a potentially serious problem for human civilization. Many people have studied this problem, including Jean Laherrere , Steve Mohr , Paul Continue Reading
North Dakota on Friday said crude-oil production fell 2.65% in January to the lowest level in 18 months, reflecting a sharp drop in prices, as the number of drilling rigs Continue Reading
A Venezuelan court sentenced the publisher of a prominent provincial newspaper to four years in prison for defamation in the coverage of corruption at a state mining company, sparking concern Continue Reading
A federal judge has ruled BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s Continue Reading
The suggestion was startling: Maybe VW should give up on selling cars to America’s masses. It was late January, at the Detroit auto show, and Herbert Diess, the global chief Continue Reading
With all good technologies, there comes a time when buying the alternative no longer makes sense. Think smartphones in the past decade, color TVs in the 1970s, or even gasoline Continue Reading
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc Continue Reading
Developing cheap energy storage is a critical step in moving to renewables and away from fossil fuels as the primary source of electricity: it’s the only way such intermittent sources Continue Reading
An unconventional approach to cooling sends heat to the cold sky. Air conditioning accounts for almost 15 percent of all energy use by buildings in the United States. One way Continue Reading
Oil prices rose on Friday after a top energy monitor said that prices might have bottomed on hopes that falling supply would help alleviate the global glut of crude. The Continue Reading
Oil headed for the longest run of weekly gains since May amid signs of rising U.S. fuel demand and easing crude production. Futures climbed as much as 2.7 percent in Continue Reading
Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally Continue Reading
Oil prices fell Thursday as expectations ebbed that major producers would agree on an output freeze. Prices have climbed in recent weeks on signs that large producing nations, including members Continue Reading
Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water Continue Reading
A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step. OPEC members and Continue Reading
Energy investors cheered by oil’s recent rebound should take heed of natural gas. E The commodity has been in free fall. In east Asia, gas prices assessed by Platts have Continue Reading
A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as Continue Reading
Gasoline stocks building on both sides of the Atlantic could undercut a sustained recovery in oil prices, as crude’s 30 percent rise in the last month is partly based on Continue Reading
Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, Continue Reading
Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said. Production outside the Continue Reading
A measure of exchange-rate swings in emerging-market currencies halted a three-week decline, highlighting the fragility of an oil-induced rally amid lingering concern about the health of the global economy. While Continue Reading
Oil seen trading in $25-$45 range in second quarter: Goldman The oil market may be starting to rebalance as U.S. production shows signs of declining and output in Nigeria and Continue Reading
Crude-oil prices may have “bottomed out” as Iran’s return to the market has been less dramatic than the country promised, and OPEC production fell in February, the International Energy Agency Continue Reading
“What if Riyadh’s oil wealth days are numbered?” American political analyst Phil Butler asks, shedding light on what “peak oil” means for the Western economy. Saudi aggression against Yemen and Continue Reading
They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew Continue Reading
Crude output increased by 300,000 b/d since start of the year The increase in Iran’s oil exports after the lifting of sanctions has been “more modest” than the country intended, Continue Reading
A string of downgrades to Iraqi Kurdistan’s oil reserves is a fresh blow to the autonomous region’s fledgling oil industry already crippled by conflict, political strife and low crude prices. Continue Reading
A U.N.-backed committee aiming to overcome legal obstacles to Libya’s new unity government convened in Tunis on March 10, Libya Herald reported. Officials who negotiated the formation of the national Continue Reading
Nigerian unions on Thursday ended a day-old strike against the revamp of the beleaguered state oil firm after a minister promised there would be no job cuts. The strike, launched Continue Reading
Venezuela’s state-run oil company PDVSA has launched one of its largest oil tenders ever, seeking to buy some 8 million barrels of U.S. or Nigerian light crude for delivery from Continue Reading
The Latin American state-run oil companies whose largesse filled government coffers from Mexico to Brazil during the crude boom of the previous decade are quickly becoming dangerous liabilities as soaring Continue Reading
Of the thousands of workers who have answered the help-wanted ads at Fukushima Daiichi, the ruined and radioactive nuclear power plant in northeastern Japan , the part-time lettuce farmer and Continue Reading
Chinese Minister of Environmental Protection Chen Jining answers questions at a press conference on how to promote environmental protection on the sidelines of the fourth session of China’s 12th National Continue Reading
Two recent studies further call into question the oil and gas industry’s claims of the climate benefits and community benefits of hydraulic fracturing (“fracking”) . One of those studies, published Continue Reading
The Obama administration’s decision to crack down on the methane leaking from nearly 1 million oil and gas wells across the country promises to reduce greenhouse gases but also imposes Continue Reading
Anadarko Petroleum Corp. is shrinking its workforce in the latest step to cope with a collapse in oil and gas prices, following plans to park rigs, slash dividends and sell Continue Reading
In January 2012, I traveled to Oklahoma City for the first time to report on what was considered a surprising development: a U.S. oil boom. Until then, hydraulic fracturing—aka fracking—was Continue Reading
TransCanada Corp., the company behind the controversial Keystone XL oil pipeline project, is in takeover talks with Columbia Pipeline Group Inc., a U.S. natural-gas pipeline operator with a market value Continue Reading
The Obama administration is expected to announce its first step toward regulating methane emissions from hundreds of thousands of oil and natural gas wells across the U.S., a move likely Continue Reading
Exxon Mobil Corp has put on hold a possible project to double the size of the company’s 344,500 barrel per day Beaumont, Texas, refinery due to cuts in capital spending Continue Reading
The last state permit needed for a pipeline that would carry a half-million barrels of crude oil daily from North Dakota to Illinois was approved Thursday by Iowa utilities regulators, Continue Reading
ExxonMobil is being investigated by the Attorney’s General of New York and California with a view to criminal charges for securities fraud and racketeering over their stance on climate change. Continue Reading
Current-account surplus narrows by 50% in first two months Russia’s ruble fell the most in two weeks as oil declined on receding bets that as supply glut will ease, while Continue Reading
Russian defense procurement will drop by about 10% this year as low oil and gas prices drain income from the state budget, according to the powerful head of the conglomerate Continue Reading
Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be Continue Reading
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration Continue Reading
The Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production to support oil prices until it sees output declines in the United States, Russia and Iraq, an energy Continue Reading
Commodity traders and academic economists agree there is a close relationship between stock levels and the strip of futures prices. Holbrook Working of Stanford University’s Food Research Institute explained the Continue Reading
