Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France and put a question mark over Continue Reading
In a recent article on the Huffington Post, Stan Sorscher reports the graph above and asks the question of what could have happened in the early 1970s that changed everything. Continue Reading
U.S. crude stockpiles rose 1.44 million barrels last week: API Build was lower than market was expecting, PVM Oil says Oil rebounded after industry data showed a smaller-than-expected build in Continue Reading
Oil prices rebounded on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude Continue Reading
Volatility in the stock market has shaken up even one of this year’s big winners. Energy companies fell more than the broader stock market in a selloff that dragged down Continue Reading
Oil prices fell 3% on Tuesday on bearish IEA data and a strong dollar after posting small gains on Monday.• The March 2011 nuclear meltdown in Japan led to the Continue Reading
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
Wind and solar drawing more capital than fossil fuels Solar costs have plunged 60 percent on average since 2010 Renewables provided more bang for the buck last year because the Continue Reading
OPEC has scared short sellers with talk alone: Credit Suisse Verbal intervention without action may backfire: Commerzbank Even as speculation builds over whether OPEC will clinch an output deal with Continue Reading
I told Dennis that I was not going to post anymore but I just found a lot of time on my hands and decided to update the OPEC numbers from Continue Reading
Libya’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Continue Reading
Kashagan won’t hit Eni’s 2017 output goal until 2020s: WoodMac OPEC heeds Eni’s forecast, raising its non-OPEC supply outlook Kazakhstan’s giant Kashagan oil field has taken 16 years and more Continue Reading
Latest Syria News Syrian cease-fire holds as Aleppo awaits relief Israel denies its aircraft harmed after raid in Syria As Syria truce holds. al-Qaida affiliate denounces it The deal crafted Continue Reading
NATO allies called on parties to the conflict in Libya to immediately abandon any hostile action that may jeopardize energy infrastructure and oil exports. The governments of France, Germany, Italy, Continue Reading
Oil storage An Iranian energy expert has warned that the policy pursued by Saudi Arabia-led OPEC might end in an environmental disaster. More specifically, according to Mohammed Sadegh Djoukar, if Continue Reading
The federal government and the oil and gas-producing companies operating in the country may have lost about $3billion to the bombing of Forcados pipeline that conveys Forcados grade of crude Continue Reading
As a N145 per-litre petrol has the same calorific value of energy with a N90 per-standard cubic metre of Compressed Natural Gas (CNG), Ejiofor Alike suggests that the federal government Continue Reading
A militant group, Niger Delta Greenland Justice Mandate, NDGJM, in the early hours of yesterday, blew up the Afiesere-Iwhrenene major delivery line to UPS/UQCC, operated by Nigerian Petroleum Development Company, Continue Reading
Vaca Muerta fields have ‘enormous potential,’ Dudley says Permian Basin shale assets too expensive for company right now BP Plc would rather invest in Argentina’s shale oil fields than in Continue Reading
Company plans to swap 2016, 2017 bonds for longer-dated debt PDVSA has $4.1 billion of bond payments yet to make this year Petroleos de Venezuela SA’s bonds surged to a Continue Reading
FARC peace accord may increase protests and delays: Campetrol Group slashes 2016 oil production target to 800,000 b/d While Colombia’s recent agreement to end 52 years of internal war with Continue Reading
August output falls 9.9% y-o-y to 3.89 million barrels a day Refinery runs seen rising as peak maintenance seasons ends China’s crude oil imports may rise further in the coming Continue Reading
China’s crude oil imports rebounded in August despite lower crude throughput at both state-owned and independent refineries, implying that the excess imported barrels likely made their way to storage tanks. Continue Reading
China’s crude oil output dropped to the lowest in more than six years as the country’s state-run energy giants continued to pump less from aging, high-cost fields. (Bloomberg) — China’s Continue Reading
Dancing lions that jumped to deafening drum beats marked the opening of one of two new Chinese trading companies in Asia’s oil hub of Singapore last week, a sign of Continue Reading
U.S. Energy Information Administration, based on Institute of Energy Economics, Japan, and IAEA Power Reactor Information System Source: Since the accident at Fukushima Daiichi in March 2011 and the subsequent Continue Reading
PM set to green-light at least one major project in first term Canada aims to balance economic and environmental concerns Canadian Prime Minister Justin Trudeau plans to approve at least Continue Reading
Oklahoma regulators, working in coordination with federal authorities, closed down more wells in the state in response to an early September earthquake. The U.S. Geological Survey recorded six seismic events Continue Reading
The number of struggling companies tied to the exploration and production side of the energy sector has nearly doubled, Moody’s Investors Service found. “The jump in oil and gas defaults Continue Reading
Operations at one of the largest fields on the Norwegian continental shelf will create economic ripples, though market vulnerabilities remain, Statoil said. Norwegian energy company Statoil said the development of Continue Reading
U.S. stocks, bonds and oil prices slid Tuesday, extending markets’ volatility into a third session. After going two months without a daily move of 1% or more, the S&P 500 Continue Reading
Household incomes surged last year in the US, suggesting American middle class fortunes are improving in defiance of the dark rhetoric that has dominated the presidential election campaign. A strengthening labour Continue Reading
With the price differential between oil and LNG sending mixed signals to the market, is the time right to look at Small Scale LNG (SSLNG)? Below we outline six key Continue Reading
Drilling Rig French oil company, Total SA announced in a press release Friday that it would be exercising the rights to obtain 75 percent of the lease agreements in the Continue Reading
Beneath the surge in corporate defaults lies a surge in distressed exchanges. Such exchanges — defined by Moody’s Investors Service as when a troubled company offers its lenders new or Continue Reading
U.S. Marines run down the beach to set up a mortar defense during a simulated beach assault at Marine Corps Base Hawaii with the 3rd Marine Expeditionary Unit during the Continue Reading
Past contractual pressures from Russia won’t resurface as Ukraine becomes energy independent in the next five years, the prime minister said. Ukrainian Prime Minister Volodymyr Groysman told local leaders the Continue Reading
Rate divergence isn’t the end of carry trade: Deutsche Bank Bank of Russia expected to cut benchmark 50 bps to 10% The ruble resumed its slide with oil as a Continue Reading
One of the most compelling charts I have ever seen is the “Growing Gap” chart that used to appear on the front page of every ASPO Newsletter. This is the Continue Reading
S&P 500 Index climbed after shares in Europe, Asia dropped OPEC flips forecast to predict 2017 rebound in rivals output Oil advanced as U.S. stocks rebounded from the biggest rout Continue Reading
Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate and Continue Reading
Oil markets will remain awash with crude well into 2017, Opec warned on Monday, as the resilience of the US shale industry and new streams of oil production threaten to Continue Reading
Oil prices rose Monday amid a weaker dollar and a report of a sharp drop in stockpiles at the key storage hub of Cushing, Okla. U.S. crude for October delivery Continue Reading
Supply estimates drag oil prices lower early Monday 6 hours ago Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside Continue Reading
Speculators boost bets on lower WTI crude prices by 37%: CFTC OPEC, Russia, other producers meet in Algiers on Sept. 26-28 The longer OPEC and other producers talk about a Continue Reading
Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact Continue Reading
Crude oil prices: time spent above and below $50 – chart: EnerCom Analytics The current price of oil may feel low given the fading memories of $100 per barrel oil Continue Reading
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
Faltering Asian demand has weighed on consumption this quarter Market set for fourth year of surplus as Gulf OPEC pumps more The surplus in global oil markets will last for Continue Reading
U.S. crude inventories forecast to rise by 4 million barrels Surplus will persist into late 2017 as demand slows: IEA Oil declined as the International Energy Agency changed its view Continue Reading
