Can The Natural Gas Rally Continue?
Natural Gas Storage Natural gas prices are on a tear, and every small dip is being aggressively bought by the traders. Technically, the current rally should rise to the next Continue Reading
Oil production rising, but problems loom
IOCs are investing enough to boost Iraq’s overall output despite tight budgets, but short-term fixes are masking fundamental issues that could undermine medium-term growth. Rigs working the Rumaila oilfield in Continue Reading
Turkish Stream Back On The Agenda After Ankara Apology
Russia has indicated that it is ready to restart negotiations on the Turkish Stream gas transport project, after the Turkish president sent an official apology for the downing of a Continue Reading
A 30-year-old Saudi prince could jump-start the kingdom — or drive it off a cliff
The tensions unsettling the Saudi royal family became clear in September, when Joseph Westphal, the U.S. ambassador to Riyadh, flew to Jiddah to meet Crown Prince Mohammed bin Nayef, nominally Continue Reading
Total, Qatar form joint venture for offshore oil
French energy company Total said Tuesday it would send its best talent to Qatar to help advance production at an offshore oil field through a new joint venture. Total signed Continue Reading
Venezuelans are storming supermarkets and attacking trucks as food supplies dwindle
In the darkness the warehouse looks like any other, a metal-roofed hangar next to a clattering overpass, with homeless people sleeping nearby in the shadows. But inside, workers quietly unload Continue Reading
Venezuela Oil Services Debt Rises To $1.2 billion As Rig Count Dips
Contractors have cut back the drilling of oil in Venezuela amid a rising unpaid debt owed to suppliers by the Latin American country’s government and state-owned producer PDVSA. As originally Continue Reading
Traders to fill Asia oil storage in third-quarter as maintenance crimps demand
Oil traders plan to fill storage tanks and ships with crude in the third quarter to ride out a low demand season in Asia, hoping to cash out in the Continue Reading
Energy Layoffs Continue in Texas
The layoffs continue in oil and gas as two more companies announce workforce reductions in Texas. Weatherford Artificial Lift Systems and Sun Fab Industrial Contracting are reducing staff by 90 Continue Reading
Lux: plug-in vehicle battery market to hit $10B in 2020; 6 carmakers = 90% of demand; VW to show most growth
Main Led by Tesla, China’s BYD, and Volkswagen, the battery market for plug-in vehicles will rise to $10 billion in 2020, with electric vehicles (EV) emerging as the drivetrain of Continue Reading