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Month: October 2016

Category:
  • United Kingdom

British government sees future potential for shale oil

Shale oil has a place in the British energy mix, but exploitation will require environmental safeguards and industry expertise, a government agency said. The future of British energy is uncertain Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • Poland

Poland Reaches End Of The Road For Shale Gas Prospects

Shale gas fracking Poland’s race to explore shale gas is now over , after its state-run firm PGNiG and oil refiner PKN Orlen cancelled exploration projects there. Polish gas was Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • Russia
  • Saudi Arabia

Russia, Saudi Oilfield Mismanagement Will Bring Back $100 Oil

Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • Climate
  • United Kingdom

British policies short climate efforts

The British government needs a new set of guidelines to address shortfalls in policies in place to cut emissions, a government committee on climate change said. Britain under its Climate Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • Arctic

Billions Of Barrels Of Undiscovered Oil May Lie Under Barents Sea

Barents sea oil The latest 3D seismic surveys suggest that there may be billions of barrels of undiscovered oil in the Barents Sea, according to a geology and geophysics expert Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • USA

U.S. crude stocks rebound as refineries reduce output: EIA

U.S. crude stocks rose much more than analysts expected last week, the first gain in six weeks as refineries cut output in the less-active maintenance season, the U.S. Energy Information Continue Reading

Posted On : 14 Oct 2016 Published By : Tom Whipple
Category:
  • Prices

Oil prices fall on higher OPEC output, rise in U.S. crude stocks

A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. Oil prices Continue Reading

Posted On : 13 Oct 2016 Published By : Tom Whipple
Category:
  • OPEC

OPEC says it pumped 33.39 mil b/d in Sep, up 220,100 b/d from Aug

OPEC’s two largest oil producers Saudi Arabia and Iraq told the oil producer group that their production continued to be at elevated levels, helping the organization’s output to rise sharply Continue Reading

Posted On : 13 Oct 2016 Published By : Tom Whipple
Category:
  • OPEC

OPEC-Russia Roadshow Heads to Vienna for Key Oil-Cuts Talks

OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences Continue Reading

Posted On : 13 Oct 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices

Physical oil traders not convinced by upbeat futures market outlook

Tension is brewing in the oil market as the optimism of financial players who have poured cash into crude futures is not shared by physical players who keep cutting sale Continue Reading

Posted On : 13 Oct 2016 Published By : Tom Whipple

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