Federal regulators finalized a rule Wednesday that raises the amount of ethanol refineries must blend into the nation’s gasoline supply, providing a boost to ethanol companies and drawing criticism from Continue Reading
President-elect Donald Trump announced in a video posted to YouTube November 21 that he planned to roll back some Obama administration regulations on the energy sector on his first day Continue Reading
Natural gas advocates can no longer sit on the sidelines while applications for pipeline certificates make their way through FERC’s permitting process, industry stakeholders said at a conference last week. Continue Reading
Marnie Winter remembers seeing the oil spread through the waters of Barataria Bay in southeastern Louisiana. It was 2010, just a few weeks after an explosion on the Deepwater Horizon Continue Reading
Advisers to Donald Trump are exploring ways he can green light the Keystone XL oil pipeline on the day he is sworn into office, including by rescinding a 48-year-old presidential Continue Reading
The number of rigs drilling for oil in the U.S. rose by three in the past week to 474, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading
For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales Continue Reading
Russia has yet to plan how to freeze oil production and there has been no agreement among its leading producers on output curbs, three senior industry sources told Reuters on Continue Reading
Oil traded near $48 a barrel in New York as OPEC left unresolved Iraq and Iran’s participation in the group’s plan to cut output. Futures swung between gains and losses Continue Reading
Oil prices moved little early on Wednesday with traders reluctant to dive in as uncertainty loomed over a planned OPEC-led oil production cut, and volumes low ahead of the U.S. Continue Reading
While the market has taken the latest round of “optimistic” jawboning by OPEC members in stride, sending crude higher by 4 percent ahead of next week’s meeting in Vienna where Continue Reading
Oil prices pulled back on Tuesday as the market continued to be fueled by headlines regarding the forthcoming meeting of OPEC members due to take place Nov. 30. Light, sweet Continue Reading
If OPEC hopes to speed up the rebalancing of the oil market by announcing a production-limiting plan, someone should tell the futures market. Front-month futures have risen sharply in recent Continue Reading
OPEC talks in Vienna Tuesday didn’t resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov. 30, said Continue Reading
Both Iraq and Iran seek exemptions to Saudi-backed output cuts Pair wields clout producing almost a quarter of OPEC supply Saudi Arabia’s dominance of OPEC isn’t what it once was. Continue Reading
Bob Dudley, CEO of BP gas company, speaks during an interview at the Argentina Business and Investment Forum 2016, in Buenos Aires, Argentina, September 14, 2016. BP has created a Continue Reading
For decades, the Qayarah refinery was at the heart of the local economy: it provided asphalt to build roads around Ninewa province, its diesel output fueled a power plant next Continue Reading
As new arrivals hurry through Riyadh’s airport, Ahmed hustles for customers, hoping to lure travellers into his saloon car. One of hundreds of thousands of Saudis who studied in the Continue Reading
Scientists are struggling to understand why a burst of “scary” warming at the North Pole has pushed Arctic temperatures nearly 20C higher than normal for this time of year. Experts Continue Reading
The future for conventional oil projects is far from over despite the recent slump in large finds and an industrywide shift to developing tight oil, delegates at an upstream event Continue Reading
The increasing stringency of global emissions standards, both current and projected, is driving up the cost for internal combustion engines to meet those standards, although numerous technology pathways exist. ( Continue Reading
At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three Continue Reading
Two of the world’s fastest-growing economies have barely noticed the first year of unrestricted U.S. crude exports since the 1970s. In the first year since the U.S. lifted a 40-year-ban Continue Reading
The US Department of Energy Vehicle Technologies Office has awarded Donghai Wang, associate professor of mechanical engineering at Penn State, a $1.1-million grant to develop a new lithium-ion conductor for Continue Reading
Russian oil company Lukoil said during a meeting of the board of directors its two-year budget starting in 2017 would be based on oil priced at $40 per barrel. Lukoil’s Continue Reading
Swedish energy company Lundin Petroleum said Tuesday it made an oil and gas discovery in a frontier area near an existing field in the Barents Sea. The company’s Norwegian subsidiary Continue Reading
When President-elect Donald J. Trump met with the British politician Nigel Farage in recent days, he encouraged Mr. Farage and his entourage to oppose the kind of offshore wind farms Continue Reading
Oil and gas companies in Norway cut spending forecasts for 2017, deepening what was already a record reduction in offshore investment. The companies expect to invest 147 billion kroner ($17.2 Continue Reading
You can Google this one. Just the way I did. Keywords ‘World Population’. The world population as of October 2016 is estimated at 7.4 billion. And the UN estimates it Continue Reading
Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a Continue Reading
Oil futures advanced in Asian trade Monday following fresh diplomatic wrangling ahead of a highly anticipated meeting of the Organization of the Petroleum Exporting Countries next week. On the New Continue Reading
Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. Members of the Organization of Petroleum Exporting Continue Reading
Money managers, producers and consumers made the biggest bets on West Texas Intermediate crude prices in nine years, amid signals more volatility is coming. Global markets were roiled after Donald Continue Reading
Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years. Continue Reading
It may be a tad early to call a peak in the price of thermal coal in top-consuming region Asia, but at the very least the momentum seems to have Continue Reading
OPEC experts have made some progress on the first day of a two-day meeting to nail down details of their plan to cut oil output, OPEC sources said on Monday, Continue Reading
The boost to oil prices from any potential OPEC agreement to curb supply when it meets next week will have only a short-term impact, Statoil’s chief economist said on Monday. Continue Reading
Oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week as delegates said talks on assigning quotas to individual countries made Continue Reading
Goldman Sachs Group Inc. raised its oil-price forecast for early next year, while Russia, Iran and Iraq separately signaled optimism that producer nations will be able to reach a deal Continue Reading
Iraq may not be going rogue on the OPEC deal after all, and will apparently be putting up three new proposals for discussion at the cartel’s technical meeting in Vienna Continue Reading
With OPEC’s Nov. 30 meeting in Vienna just days away, the oil minister of Iran, a member state once reluctant to help the cartel gouge gas prices, announced his readiness Continue Reading
OPEC experts have made some progress on the first day of a two-day meeting to nail down details of their plan to cut oil output, OPEC sources said on Monday, Continue Reading
Oil rose a third day on signs OPEC members have made progress toward completing a deal to cut output. January futures climbed as much as 1.5 percent in New York Continue Reading
OPEC is likely to reach a consensus over the implementation of an output-cut accord later Tuesday, a Nigerian delegate said, ahead of a crucial summit to approve the final deal Continue Reading
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. An OPEC technical committee is discussing a possible six-month duration for Continue Reading
IEA forecast has ‘major implications’ for refining industry Oil watchdog sees gasoline demand falling from now until 2040 After fueling the 20th century automobile culture that reshaped cities and defined Continue Reading
Rowan Companies Plc ( RDC.N ) said it and Saudi Aramco, Saudi Arabia’s state oil company, have agreed to form an equally owned joint venture to operate offshore drilling rigs Continue Reading
OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran’s oil minister said. Iranian Oil Minister Bijan Zangeneh met during the Continue Reading
Libya-based Waha Oil Co reached a production rate of 75,000 barrels per day and expects output to increase in the coming weeks, according to recent reporting by Reuters. The oil Continue Reading
Economy shrank year-on-year for three consecutive quarters IMF forecasts Nigeria economy will contract 1.7% in 2016 Nigeria’s economic slump continued in the third quarter on low oil revenue and foreign Continue Reading
