Solar panels Like many Americans, I am an avid listener to American Public Radio’s Marketplace Show. As their website proudly proclaims: Marketplace [is] the most widely heard program on business Continue Reading
The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to Continue Reading
Mounting debt among oilfield service companies coupled with soft oil prices squeezes the sector. Oil prices hovering close to $40 per barrel is compounding the problems that dozens of struggling Continue Reading
ExxonMobil Corp shut a crude distillation unit at its 502,500 barrel per day (bpd) Baton Rouge refinery on Tuesday as flooding disrupted operations at a liquefied petroleum gas (LPG) storage Continue Reading
A rare opening of an export window for crude moving from the U.S. Gulf to Western Europe has caused a flurry of interest among oil traders, with at least two Continue Reading
Oil industry cost cuts for 2015 to 2020 total $1 trillion Service providers that reduced rates say discounts to end Mad Dog, BP Plc’s drilling project deep in the Gulf Continue Reading
“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil Continue Reading
Louisiana’s shrinking coastline is causing headaches for the oil industry in that state, as an eroding coast and rising sea waters are threatening oil infrastructure. The coastline is disappearing at Continue Reading
A man walks past the headquarters of Bashneft oil company in Moscow, Russia, March 20, 2016. Russian Prime Minister Dmitry Medvedev has postponed the privatization of mid-sized oil producer Bashneft, Continue Reading
Divisions over Rosneft may have prompted delay, analysts say Bashneft shares fell as much as 15 percent after announcement A power struggle within President Vladimir Putin’s inner circle may lie Continue Reading
Image Courtesy: link: https://en.wikipedia.org/wiki/Hubbert_peak_theory author: en.wikipedia.org description: Hubbert peak theory I. Categorized Documents Outline 1. PEAK OIL (53) 2. OIL PRODUCTION (45) 3. OIL PRICES (31) 4. CRUDE OIL (27) Continue Reading
Gasoline stockpiles rose 2.18 million barrels last week: API WTI climbed 12% previous four sessions, most since April Oil slipped from the highest closing price in five weeks as industry Continue Reading
Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted a successful outcome from producer talks to rein in ballooning oversupply. International Brent crude oil futures were Continue Reading
Oil prices rose to a fresh one-month high Tuesday as news that Russia plans to meet with the Organization of the Petroleum Exporting Countries in October buoyed hopes that major Continue Reading
Oil prices remained near five-week highs on Tuesday, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the Continue Reading
U.S. crude oil is set for a volatile path ahead as both bullish and bearish wagers soar to record levels, with even large Wall Street banks at odds over future Continue Reading
A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north… Iran has made no decision about joining an OPEC meeting on oil output next month Continue Reading
Iran has not yet made a decision on whether or not it will join the OPEC meeting next month, and according to officials there, production levels have not reached a Continue Reading
Central bankers have long understood that a few well-placed words can wield nearly as much power as pulling the actual levers of monetary policy. It is a lesson that Opec Continue Reading
North Sea Oil Global oil markets have become volatile once more as the Organization of Petroleum Exporting Countries (OPEC) announced on August 8 that they will hold informal talks during Continue Reading
Venezuela, traditionally a prominent oil exporter, will make a sharply smaller contribution to the global oil market in 2017 as an acute political and economic crisis affects its crude production, Continue Reading
Vietnam’s coal imports surged 141% year on year to 1.31 million mt in July, customs data released Monday showed. Traditionally a coal exporter, Vietnam turned into an importer amid rising Continue Reading
Nation seeing steep crude-output drop: Columbia University Risk to international oil exports from the country is growing The long decline in Venezuela’s oil production is becoming a supply risk for Continue Reading
Over two days of grinding battles, thousands of soldiers liberate a swath of Hamdaniya, highlighting the difficulty of making even incremental gains on the road to Mosul. Jabbar Allibi was Continue Reading
Venezuela’s President Nicolas Maduro speaks during his weekly broadcast ”En contacto con Maduro” (In contact with Maduro) in Caracas, Venezuela August 9, 2016. Miraflores Palace/Handout via Venezuela’s President Nicolas Maduro Continue Reading
China is poised to be the world’s second largest shale gas producer by 2040, according to the U.S. Energy Information Administration. China is poised to be the world’s second largest Continue Reading
The oil-and-gas well BP PLC BP 1.21 % is drilling here in the Texas Panhandle looks ordinary enough from the surface. Yet a mile-and-a-half underground, horizontal pipes shoot off for Continue Reading
Source: U.S. Energy Information Administration, Petroleum Supply Monthly The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil in Continue Reading
Cheniere Energy has long been my favorite contrarian indicator in the U.S. natural gas market. For those unfamiliar with the term, a contrarian indicator is an event which suggests that Continue Reading
The state can’t pay, so someone has to. And the water keeps rising. The Phillips 66 oil refinery on the bank of the Mississippi River in Plaquemines Parish, near the Continue Reading
U.S. crude oil is reaching all corners of the world, after a 40-year ban on exports was lifted at the end of last year. More than 87 million barrels of Continue Reading
More downside than upside to holding energy shares: TriVest FirstEnergy Capital sees company valuations as ‘pretty full’ Energy investors appear to be getting ahead of themselves, judging by the premium Continue Reading
Climate change is never going to announce itself by name. But this is what we should expect it to look like. That’s what many scientists, analysts and activists are saying Continue Reading
Prime minister chose to delay Bashneft sale, spokeswoman says Weak market, other asset sales were among reasons, RBC reports Russia is delaying what would have been its biggest asset sale Continue Reading
Nigeria signals OPEC production cuts are unlikely: Kachikwu U.S. crude stockpiles seen rising by 900,000 barrels: survey Oil halted below $46 a barrel after the biggest three-day gain since April. Continue Reading
Oil prices remained near five-week highs on Tuesday, fueled by talk of producers taking action to prop up the market, although some investors cashed in during Asian hours on the Continue Reading
Crude hit a one-month high Monday on hopes that the prolonged oil-price rout may drive major producers to reconsider a collective production cap. Brent crude, the global oil benchmark, rose Continue Reading
Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange in New York July 18, 2011. Hedge funds increased their Continue Reading
The Kremlin is on board with efforts made by OPEC to stabilize market prices, but such efforts should be temporary, the Russian energy minister said. Referencing an interview in the Continue Reading
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC Continue Reading
Shipments set to rise to 70 million cubic meters a day Iranian gas to fuel power plants in Baghdad and later Basra Iran, holder of the world’s biggest natural gas Continue Reading
Jabbar al-Luaibi was former head of state-run South Oil Co. Al-Luaibi replaces Adel Abdul Mahdi who resigned in March Jabbar al-Luaibi, former head of Iraq’s biggest oil producer, was appointed Continue Reading
Port cleared 525 TEUs in July, from average 4,000 TEUs at peak Forex shortage hurting shipment through Kenya’s Mombasa port Imports to South Sudan through Kenya’s main port have fallen Continue Reading
A still image, taken from video footage and released by Russia’s Defence Ministry on August 11, 2016, shows a Russian Tupolev Tu-22M3 long-range bomber dropping off bombs at an unknown Continue Reading
Opium Farming Afghanistan may have mouth-watering oil riches, but opium still rules this economy amid a lack of any real investment in getting oil and gas out of the ground. Continue Reading
A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. The Australian company said it was Continue Reading
The flow of drilling mud is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela’s state oil company PDVSA, Continue Reading
BEIJING, Aug. 16 (Xinhua) — China’s overcapacity cut efforts will not generate a drag effect on the country’s growth or harm the world economy, an official from the country’s top Continue Reading
U.S. shale oil production is expected to fall for a tenth consecutive month in September, according to a U.S. government forecast released on Monday, as low oil prices continue to Continue Reading
Closely held E&Ps account for nearly half of U.S. working rigs Public companies grew rigs 11% vs private explorers’ 77% climb The longest rally for U.S. oil rigs in years Continue Reading
