Does A Renewables Future Dim Under Trump?
With the world still up in arms over Donald Trump winning the United States election, more than ever, it’s time to understand where are the next, great energy investments under Continue Reading
Is The Permian 20 Billion Barrel Oil Discovery Real?
Earlier this month the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed. The area assessed is in the Permian Basin, a region Continue Reading
More drilling planned for super giant Norwegian oil field
Consent is given to energy company Statoil to start drilling an appraisal well in the Johan Sverdrup oil field in the North Sea, the Norwegian government said. The Petroleum Safety Continue Reading
Russian oil producer pushes deeper in Arctic
Russian oil producer Gazprom Neft said it was starting sea trials for a vessel meant to support oil work, including spill response, in extreme Arctic climates. The company said the Continue Reading
Rosneft should submit privatization proposals by Dec. 1, Kremlin says
Rosneft, Russia’s top oil producer, should submit proposals for its privatization by Dec. 1, Kremlin economic aide Andrey Belousov said on Tuesday, keeping the government on track to receive funds Continue Reading
Putin’s Oil Benchmark Dream Fails to Attract Foreign Traders
Russian crude futures contract begins trading on Tuesday Clearing costs, low liquidity concerns deter foreign traders Vladimir Putin’s dream of trading Russian oil in Russia is being realized Tuesday on Continue Reading
London transport operator Go-Ahead adds two Irizar electric i2e buses to fleet after successful operating results
Based on the success of two Irizar 100% i2e electric buses that have been operating in London since June 2015, London’s largest transport operator, Go-Ahead, is incorporating the buses into Continue Reading
Oil Extends Slide Below $46 on Skepticism Over OPEC Output Deal
Oil extended declines to slip below $46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives meet on Monday amid last-minute negotiations to Continue Reading
Oil slip sends dollar, bond yields skidding
People are reflected in a display (top) showing the current exchange rate between U.S. dollar and Japanese Yen outside a brokerage in Tokyo, Japan, November 7, 2016. The dollar saw Continue Reading
OPEC Deal Disintegrates After Iran Press Accuses Saudi Arabia Of “Reneging” On Agreement
On Friday, after reading the latest shift in the ever-changing, always fluid OPEC narrative, according to which Saudi Arabia now demands Iranian oil production cuts contrary to the agreement reached Continue Reading
Oil Investors Have $490 Billion Riding on Big OPEC Decision
The oil slump has hammered producers around the world, from giants like Royal Dutch Shell Plc to exploration minnows. After two tough years of falling oil prices and company valuations, Continue Reading
Measuring the Economic Spillover of OPEC’s Oil Output Decisions
Whatever decision OPEC reaches on oil output at its meeting this week is likely … OPEC’s struggle to balance oil supply and demand globally is exposing economic fault lines around Continue Reading
Goldman Sachs Turns Bullish On Oil
Goldman Sachs offices Goldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on Continue Reading
Low Oil Prices Create $1 Billion Business Killing Old Fields
Low crude prices that have been hammering oilfield service companies for the past two years might be ready to give a little back. Sinopec Oilfield Service Corp., Keppel Corp. Ltd. Continue Reading
Saudis Temper Call for Cuts and Russia Digs In
OPEC’s top producer hints group won’t necessarily curb output Members adamant Moscow must cut for any supply accord to work OPEC surprised the market in September with a preliminary agreement Continue Reading
OPEC makes last-ditch bid to save oil deal as tensions grow
OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying Continue Reading
Measuring the Economic Spillover of OPEC’s Oil Output Decisions
Whatever decision OPEC reaches on oil output at its meeting this week is likely … OPEC’s struggle to balance oil supply and demand globally is exposing economic fault lines around Continue Reading
Even If OPEC Gets a Deal, It Risks Reviving Battered Oil Rivals
Three days from a crucial meeting, OPEC’s deal to curb oil production and end years of global oversupply hangs in the balance . But even if ministers hash out a Continue Reading
OPEC Pushes for Oil Deal as Saudis Open Door for No Output Cut
OPEC is embarking on a last-ditch diplomatic push to reach a production cut, with ministers flying to Russia for talks, as Saudi Arabia for the first time suggested the oil-club Continue Reading
Oil market intervention will speed balancing process: Saudi energy minister
Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene in it. Any intervention Continue Reading
OPEC races to hash out compromises, as discord threatens to collapse freeze deal
OPEC technical meeting begins in Vienna Saudi minister Falih downplays need for OPEC action Algeria, Venezuela ministers travel to Moscow Libya’s NOC says cannot cut for “foreseeable future” OPEC on Continue Reading
Iran’s Persian Gulf Petrochemical in Talks to Raise $1.1 Billion
Talks with Asian companies for loan to produce more methanol Italian company ‘in forefront’ as potential investor Iran’s Persian Gulf Petrochemical Industries Co. is in talks with Asian companies to Continue Reading
Voter Backlash Brings Lots of New Faces to Kuwait’s Assembly
A Kuwaiti judge and his aides count the ballots at a polling station. Thirty of 50 lawmakers lose seats in Saturday’s election New assembly may find relations with government strained Continue Reading
Iran Said to Assess 1.1 Million Barrel-a-Day Collective OPEC Cut
Bijan Namdar Zanganeh. Photographer: Akos Stiller/Bloomberg OPEC proposes 600,000 barrels a day cut for non-OPEC producers Iran hasn’t announced commitment to reduce its own production Iran is assessing a proposal Continue Reading
Iraq’s Sunni Lawmakers to Challenge Legal Recognition of Shiite Militias
Iraq’s Sunni lawmakers pledged on Sunday to challenge in court a newly passed law that formalizes the combat role of Iranian-backed Shiite militias, one of the country’s more powerful adversaries Continue Reading
Syria forces ‘retake’ second Aleppo area
Civilians in Aleppo have experienced intense fighting in recent days Syrian government forces have retaken a second rebel-held district in eastern Aleppo, military sources say. They say the army and Continue Reading
Thousands flee besieged Aleppo as Assad forces advance
Tens of thousands of civilians are fleeing intense fighting in the embattled rebel-held districts of Aleppo , as the forces of President Bashar al-Assad make advances into the Syrian opposition’s Continue Reading
Nigeria: Confusion As Explosion Rocks NPDC Pipeline in Delta
There was confusion in parts of Ughelli in Delta State on Sunday as an explosion rocked a pipeline belonging to Nigerian Petroleum Development Company (NPDC). Though security operatives believed that Continue Reading
Venezuela’s currency is so devalued it no longer fits in ordinary wallets
It’s not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill — 100 Continue Reading
Can Oil Help Mexico Withstand Trump’s Attack on Trade? It’s Hard to See How
The town that oil built is emptying out. “For Sale” signs are plastered on concrete-block houses and sun-bleached bungalows alike. The idled oil workers who used to cluster in the Continue Reading
Sperm crisis in China as fertility slides
Beijing’s efforts to reinvigorate China ’s birth rate, the lowest in the world according to official estimates released this month, face a serious obstacle as semen quality plummets among young Continue Reading
Shell CEO expects no valuation hit from climate accord
Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of Continue Reading
New Milestone: The U.S. Is Now a Net Exporter of Natural Gas
Two contractors talk on a natural gas drilling rig in Keene, Texas. In November—as well… The U.S. has become a net exporter of natural gas, further evidence of the how Continue Reading
Trump faces dilemma as U.S. oil reels from record biofuels targets
The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as Continue Reading
Oil Industry Anticipates Day of Reckoning
Forecasters see demand for oil-based fuels shifting to natural gas and renewable energy sources over… This month, European oil company MOL Group delivered a stark message to investors: Demand for Continue Reading
Coal price surge sets miners against activists by English seaside
In northeastern England, a battle is raging between grass roots campaigners and a company intent on digging a new open cast mine as world coal prices soar. A year after Continue Reading
Russia positive on global oil deal, continues consultations with OPEC: minister
Russia is continuing consultations with OPEC aimed at stabilizing oil markets and is positive about a global deal, Energy Minister Alexander Novak said on Saturday. In a statement, his ministry Continue Reading
Oil Tumbles Most in Two Months Amid OPEC Accord Skepticism
Oil dropped the most in more than two months on doubts OPEC will come to an accord to cut output as planned talks between producers inside and outside the group Continue Reading
Oil market static in thin trade ahead of OPEC meeting next week
An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. Oil trading was static early on Friday as uncertainty ahead of a planned Continue Reading
Oil Prices Fall Ahead of OPEC Meeting
Oil prices took their biggest daily losses in two months as skepticism grew Friday about whether global exporters can strike an effective deal to cut production. Light, sweet crude for Continue Reading
Saudi Arabia tells OPEC it won’t attend non-OPEC talks on Monday: sources
Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non-OPEC oil producers, OPEC sources said on Friday. Continue Reading
Saudis Said to Quit Russia Talks as OPEC Deal No Closer
New internal OPEC talks Monday after failure to reach accord Saudi Arabia, Iraq and Iran still disagree how to share cuts Saudi Arabia pulled out of planned talks with non-OPEC Continue Reading
Saudis Cancel Meeting With Russians Ahead of OPEC Talks
Saudi Arabian oil officials have canceled a meeting Monday with their Russian counterparts, OPEC officials said, disrupting plans between the world’s two largest petroleum producers to coordinate output cuts meant Continue Reading
Saudis Withdraw From Non-OPEC Meeting, But Odds For Deal Are Still Good
Wall st Oil prices fell on Friday morning after some bearish comments of Saudi Arabia but the odds of a substantial OPEC deal seem to have improved now Iraq is Continue Reading
IEA: The Only Way Is Up For Natural Gas
Lower demand for coal will make natural gas an increasingly important fuel The International Energy Agency (IEA) released its annual World Energy Outlook Wednesday, saying natural gas will play an Continue Reading
Expert Commentary: Why OPEC Has To Make A Deal Happen
Less than two weeks before OPEC’s next Most Important Meeting Ever the oil market is doubtful that the cartel will reach a meaningful supply reducing agreement. Traders have revealed skepticism Continue Reading
Risking flames and mines, Iraq oil workers battle to cap burning wells
His face blackened and helmet coated in soot, Hussein Saleh watched the oil fields of his home town in northern Iraq burn, belching up thick smoke that blotted out the Continue Reading
Death toll in Iraq bombing claimed by IS rises to 73
AP Photo/Hadi Mizban French ‘Spider-Man’ Climbs Barcelona Skyscraper AP First Lady Accepts White House Christmas Tree AP MOSUL, Iraq (AP) — The death toll from a car bombing south of Continue Reading
Argentina to Award More Contracts to Build Renewable Power Generators
Argentine officials on Friday said they would grant more contracts to build renewable power generators, bringing the total investment committed to such projects to $4 billion. The government plans to Continue Reading
Dollar Trims Weekly Advance as U.S. Stocks Rally to Record High
The dollar trimmed a weekly advance that was spurred by prospects of higher U.S. interest rates. U.S. stocks rallied to a record. The Bloomberg Dollar Spot Index fell from the Continue Reading