With neighboring Oklahoma recording almost daily seismic events, an official in oil-rich Texas said he was looking closer for risks associated with energy. Oklahoma recorded 20 seismic events in the Continue Reading
Working natural gas in storage reached a record high of 4,017 billion cubic feet (Bcf) as of November 4, according to EIA’s latest Weekly Natural Gas Storage Report . Inventories Continue Reading
The LNG industry has been turned on its head by forces that could not been foreseen just few years ago. Continuous drop in demand for gas in Asian markets (down Continue Reading
During the election campaign Donald Trump took up two questions that we discuss in Chapter 2 of [the Swedish book titled] “A world addicted to oil”, and this will also Continue Reading
Bakken oil production was down 10,119 barrels per day in September and all North Dakota production was down 10,353 bpd in September. Bakken production continues to decline though I expect Continue Reading
Oil production in North Dakota dropped more than 10,000 barrels-per-day (bpd) in September, the state Industrial Commission reported on Wednesday, citing continued weakness in oil prices. The state pumped nearly Continue Reading
Oil and gas executives and Beltway insiders among the top names to be circulated to run US President-elect Donald Trump’s America-first agenda. Donald Trump’s fairly loose campaign policy plans left Continue Reading
Talks on curbing output have lifted prices as output increased Russian pledge to cooperate on supply deterred short sellers Russia’s decision earlier this year to engage in talks with OPEC Continue Reading
Margarita Mediavilla and her coworkers have performed extensive simulations of the future using system dynamics models, (see here) . One of their scenarios, called “Scenario 3,” is based on the Continue Reading
Oil swung between gains and losses above $45 a barrel after its biggest surge in seven months as OPEC boosted efforts to finalize a deal to cut production agreed at Continue Reading
OPEC’s top official heads to Iran, Venezuela and Ecuador Russia, Saudi Arabia to attend informal consultations in Doha OPEC embarked on a final diplomatic effort to secure an oil-cuts deal, Continue Reading
Qatar, Algeria, Venezuela said to lead effort to secure cuts U.S. crude stockpiles forecast to increase a third week Oil rebounded from the lowest close in eight weeks as OPEC Continue Reading
Oil futures bounced off a three-month low on Tuesday, bolstered by speculation that members of the Organization of the Petroleum Exporting Countries are working out the details of a proposed Continue Reading
Hedge funds turned bearish towards oil prices at the fastest rate on record in the first week of November amid growing doubts about whether OPEC will reach a successful deal Continue Reading
The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement Continue Reading
Carbon capture and storage likely the only real way to cut emissions from power plants, the International Energy Agency says. File photo by Stephen Shaver/UPI PARIS, Nov. 15 (UPI) — Continue Reading
As human activities raise levels of the greenhouse gas carbon dioxide in the atmosphere, researchers are thinking up ways of counteracting its warming effects through methods known collectively as geoengineering. Continue Reading
Global oil demand won’t stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency Continue Reading
Saudi Arabia has warned Donald Trump that the incoming US president will risk the health of his country’s economy if he acts on his election promises to block oil imports. Continue Reading
Food production in Syria dropped to an all-time low in 2016, a joint report from two U.N. agencies said Nov. 15, Reuters reported. According to the report from the Food Continue Reading
Saudi Arabia is preparing to lift the lid on one of the global energy industry’s most closely guarded secrets as it prepares to sell shares in Saudi Aramco — how Continue Reading
A group calling itself the Niger Delta Avengers said it was the one responding to terrorism and tyranny with its latest attack on crude oil export pipeline. The militant group Continue Reading
Country targets about 1.1 million barrels a day in 2017 Planned boost highlights challenge to OPEC’s accord on cuts OPEC’s Libya plans to almost double crude production next year even Continue Reading
Oil company’s fine appeal has been delayed by the talks Fine exceeds penalty imposed on BP after Deepwater Horizon Exxon Mobil Corp. is negotiating with Chad’s government about a record Continue Reading
Venezuela’s imports plummeted by more than 45 percent between January and August when compared to the same period in 2015, according to a Nov. 15 report from Torino Capital LLC. Continue Reading
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar rose on Tuesday to an 11-month high Continue Reading
Shipments likely to keep growing as refiners ramp up Surplus sent to Canada, Egypt and Caribbean floating storage The U.S. has more gasoline than it knows what to do with. Continue Reading
In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold Continue Reading
U.S. energy strategies are coalescing around the Permian shale basin in Texas and New Mexico where drilling is on the rise, a federal brief said. A daily briefing from the Continue Reading
East Coast refineries, like the one above owned by Philadelphia Energy Solutions, have been hurt… Philadelphia Energy Solutions, operator of the largest oil refinery on the Atlantic coast, felt confident Continue Reading
Seasonal trends are finally catching up with U.S. commuters who are starting to see a steady decline in gasoline prices, motor club AAA said in a market report. The motor Continue Reading
A prolonged drought in the southeast U.S. is sparking dozens of wildfires in the forests of the southern Appalachian Mountains, threatening homes and taxing state and federal firefighters as they Continue Reading
Source: U.S. Energy Information Administration, based on Baker Hughes U.S. drilling activity is increasingly concentrated in the Permian Basin , which spans parts of western Texas and southeastern New Mexico. Continue Reading
Coal shipping The “war” on coal is, to us, about as real as the “war” on Christmas. It’s an artifact of political speech which, by its nature, does little to Continue Reading
Drillers well In its latest monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64 million barrels a Continue Reading
Oil and gas executives and Beltway insiders among the top names to be circulated to run US President-elect Donald Trump’s America-first agenda. Donald Trump’s fairly loose campaign policy plans left Continue Reading
Shipments likely to keep growing as refiners ramp up Surplus sent to Canada, Egypt and Caribbean floating storage The U.S. has more gasoline than it knows what to do with. Continue Reading
In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold Continue Reading
The US elections could have only a “marginal effect” in 2017 on the coal industry, although market tailwinds could still provide a boost, analysts said Tuesday. According to Lucas Pipes, Continue Reading
3 of 4 offshore rigs may be idled by end of 2017: Henriksen Offshore suppliers seen facing at least 2-3 more years of pain The offshore fleet tending to Norway’s Continue Reading
Sweden’s Riksbank is debating whether to become the first significant central bank to issue a digital currency as it responds to an increasing move away from cash in the Scandinavian Continue Reading
Imagine a world of 50% annual inflation, resource wars that span the globe and energy prices skyrocketing as oil reaches $200 a barrel. This is what the “peak oil” theory Continue Reading
Scientists say there’s a tension in the brain between responding to new information and resisting overwhelming amounts of conflicting data—and the latter can prevent opinion change. Altering opinion depends on Continue Reading
Qatar, Algeria, Venezuela said to lead effort to secure cuts U.S. crude stockpiles forecast to increase a third week Oil rebounded from the lowest close in eight weeks as OPEC Continue Reading
Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that Continue Reading
Oil prices fell to touch a three-month intraday low Monday and closed with slight losses as a brief boost from the U.S. presidential election continues giving way to revived concerns Continue Reading
WTI crude drop eased after failing to hold to September lows Qatar, Algeria, Venezuela said to lead effort to secure cuts Oil closed at an eight-week low in New York Continue Reading
Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose Continue Reading
Donald Trump’s presidency is widely viewed as a boon for the U.S. energy industry, but some of his planned policies could pose problems for the natural-gas business. Mr. Trump has Continue Reading
With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the Continue Reading
