China Oil, Coal Output Decline Signals More Imports to Come
Crude oil production fell 4.6% in first half of the year Coal output declined 9.7% from year ago to 1.63 billion tons The world’s biggest consumer of energy is producing Continue Reading
China’s Oil Refining Rises to Record on Margins, Teapots
June crude processing gains 3.2% to 11 million barrels a day $9-$10 a barrel refining margin ‘quite decent’ in June: ICIS China processed a record amount of crude oil into Continue Reading
China GDP grows 6.7% in second quarter on boost from property
China’s economy grew 6.7 per cent in the second quarter, unchanged from the previous three-month period, as a buoyant property market and government stimulus boosted demand for factory output. The latest quarterly Continue Reading
The Fuel That May Halt The Electric Car Revolution
Gas Storage Electric cars are often touted as the nail in the coffin for gasoline-powered vehicles. However, there’s another fuel revolution in the developing world, which is changing the economics Continue Reading
Link between U.S. oil drilling and rise in earthquakes
Stopping an earthquake before it starts? It sounds like a feat possible only for a superhero. But in Kansas and Oklahoma state policymakers are showing that insofar as humans are Continue Reading
Refiners Seen Killing Market’s Golden Goose in Shift to Gasoline
Glut likely to persist through U.S. summer driving season U.S. gasoline pump price have dropped for 33 days straight Less than three months ago, gasoline was viewed as the bright Continue Reading
Shale Revolution Extended to Old Wells Seen Unleashing More Oil
IHS Markit Energy assessed 46,000 horizontal wells in U.S. Study shows big potential for reviving conventional plays U.S. oil explorers are yet to fully reap all the rewards of horizontal Continue Reading
Natural gas-fired electricity generation expected to reach record level in 2016
Natural gas-fired electricity generation in the United States is expected to reach a record level this year, providing an average of 3.8 million megawatthours per day in 2016, or 4% Continue Reading
Chinese Energy Giant’s Big Bet on Oil Sands Backfires
Three years after spending $15 billion on an ambitious bid to revitalize a troubled oil-sands project in a northern Canadian swampland, one of China’s largest state-controlled oil companies has run Continue Reading
CNOOC Cutbacks at Long Lake Oil-Sands Site Caps Years of Trouble
Long Lake upgrader mothballed after January explosion Northeastern Alberta site had history of underperformance CNOOC Ltd.’s decision this week to idle part of its Long Lake oil-sands operation in Alberta Continue Reading