Libya Starts Work at Biggest Oil Port in Step to Increase Output
Es Sider terminal has been closed since December 2014 Six of 19 storage tanks at port damaged in past two years Libya has started maintenance work at Es Sider port, Continue Reading
Syrian rebels vow to take Aleppo after breaking siege
Syrian opposition fighters vowed to capture all of Aleppo after breaking a weeks-long siege of the northern city that has become a critical battleground of the country’s five-year civil war. Continue Reading
KRG revenue plummets in July, IOCs await payment
Lower prices and a huge cut in advances from oil traders cause monthly oil proceeds to fall by $90 million, while most oil companies remain unpaid for July production. A Continue Reading
China’s July exports, imports fall more than expected
China’s exports and imports fell more than expected in July in a rocky start to the third quarter, suggesting global demand remains weak in the aftermath of Britain’s decision to Continue Reading
Heatwave spurs record gas burn by U.S. power producers
Record gas consumption at power plants this summer is accelerating the rebalancing of the U.S. natural gas market. Working gas stocks in underground storage started the year at a seasonal Continue Reading
Ending $4 Billion U.S. Oil Subsidy Seen Having Minimal Impact
Domestic oil production could fall 5 percent by 2030 Eliminating subsidies wouldn’t affect demand, carbon emissions Eliminating $4 billion of petroleum subsidies in the U.S. would have only a minor Continue Reading
Surprise Natural Gas Drawdown Signals Higher Prices Ahead
The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural Continue Reading
Russia Sees No Need for Oil Freeze Talks Currently, Novak Says
Alexander Novak. Photographer: Christian Marquardt/Getty Images Russia ready to discuss freeze if other nations raise issue Novak may meet Saudi oil minister in Algiers next month Russia sees no need Continue Reading
Western Europe’s Biggest Oil Producer Has a Surprise for Markets
Oil output poised to defy predicted decline again in 2016 More efficient operations increasing output regularity: Petoro For Norway, the collapse in crude prices has a silver lining: output has Continue Reading
People Are Calling Natural Gas a ‘Bridge’ to a Sustainable Future—They’re Wrong
For America to reach full renewable energy, we need to re-focus our investments — and divest ourselves of some dangerous ideas about natural gas. Natural gas coming out of the Continue Reading