Supply glut that hammered prices is gone, trader says in note ‘The noise surrounding negotiations is often misinterpreted’ Hedge fund manager Pierre Andurand says OPEC is still likely to agree Continue Reading
Qatar, Algeria, Venezuela in shuttle-diplomacy to secure deal Iran and Iraq considering proposals, but so far no agreement OPEC nations embarked on a final diplomatic effort to secure a deal Continue Reading
Iraq plans to export 3.163 million barrels per day (bpd) of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of Continue Reading
Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than 220,000 bpd to the country’s total output. The fields are Yadavaran, Continue Reading
Qatar, Algeria, Venezuela in shuttle-diplomacy to secure deal Iran and Iraq considering proposals, but so far no agreement OPEC nations embarked on a final diplomatic effort to secure a deal Continue Reading
Estimates show Iraq is producing and exporting oil at near-record levels ahead of OPEC quota discussions. By Ben Lando and Staff of Iraq Oil Report Published Monday, November 14th, 2016 Continue Reading
Senior officials from state-owned National Iranian Gas Exports Co have met with Oman’s oil ministry and three international oil companies — Shell, Total and Korea Gas Corp — to look Continue Reading
Kazakhstan’s Kashagan oil field produced about 201,000 tons of oil in October, its first full month of operation, data from the Energy Ministry’s analytical center showed. MOSCOW, Nov 14 (Reuters) Continue Reading
Food production in Syria has dropped to an all-time low as the country enters a sixth winter of war, U.N. agencies said on Tuesday. The study by the Food and Continue Reading
Iran would not accept any alteration to its nuclear deal with world powers if Donald Trump pursues his campaign pledge to derail the accord, a senior Iranian politician has said. Continue Reading
President of Iran, Hassan Rouhani, was poised to announce on Sunday that the nation has increased oil production by 250,000 barrels per day. This was accomplished through the creation of Continue Reading
The Minister of State for Petroleum Resources, Ibe Kachikwu, has expressed government’s disappointment at the spate of attacks on Forcados export pipeline by armed militant groups despite the ongoing dialogue Continue Reading
Hydrocarbon storage Two of Donald Trump’s main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election Continue Reading
Uncertainty over oil prices is hurting Chinese oil production Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low Continue Reading
U.S. shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump’s election victory and OPEC’s recent signal that it plans Continue Reading
Harold Hamm Continental Resources’ CEO Harold Hamm is on the short list for Secretary of Energy, according to a document obtained by the Associated Press. Along with the energy billionaire, Continue Reading
Following a cluster of events near Oklahoma shale basins, data from the U.S. Geological Survey show nearly two dozen small tremors in the last week. A magnitude-2.5 event recorded midday Continue Reading
IEA OMR came out yesterday (summary only – have to wait two weeks for full details for free). It looks like this month (Nov.) will probably be a new global Continue Reading
More talks needed given land’s importance to tribe: Army Corps Trump has vowed to streamline permitting for energy projects The Obama administration has yet again delayed a decision on the Continue Reading
The day after the November 8th U.S. presidential election, the stock prices for electric car maker Tesla plunged 5 percent. Solar and wind stocks also fell, while the share prices Continue Reading
US shale oil production declines over the past year and a half are forecast to slow to 20,000 b/d in December, down from a 30,000 b/ddrop in November, US Energy Continue Reading
In a historic first, the US in early November began seeing small net volumes of natural gas exports that recently climbed above 1 Bcf/d, an analysis of data from Platts Continue Reading
The probability of another drastic collapse in oil prices is low, though recovery won’t be substantially above current rates, Russia’s Central Bank chief said. The price for Brent crude oil Continue Reading
The Mediterranean is rapidly becoming the world’s most oversupplied oil market, as exports from OPEC heavyweights Iraq and Iran, rising star Kazakhstan and the return of Libyan crude force traders Continue Reading
Russian President Vladimir Putin warned Germany’s Chancellor Angela Merkel on Monday of the risk of Ukraine siphoning off Russian gas destined for Europe, the Kremlin said. In a statement, it Continue Reading
The oil market is “pretty pessimistic” about OPEC reaching a deal to cut production, BP Plc Chief Executive Officer Bob Dudley said. Oil prices will probably stay around current levels Continue Reading
The last coal power station in Britain will be forced to close in 2025, the government said as it laid out its plan to phase-out the polluting fossil fuel. Ministers 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
Group will probably agree on output cuts in Nov.: PIRA’s Ross Prices could drop to $35 if no deal; $60 seen if deal reached OPEC members need to stop bickering Continue Reading
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 day , Continue Reading
For two years, the Organization of the Petroleum Exporting Countries has appeared powerless to stop a slide in prices that has punished the economies of oil-dependent members, including Saudi Arabia. Continue Reading
Shi’ite Houthi militia forces from Yemen claim to have taken control of villages across the border in Saudi Arabia, Houthi-run news agencies report , citing unnamed military sources. Several villages Continue Reading
Russian servicemen drive T-90 tanks during a rehearsal for the Victory Day parade in Red Square in central Moscow, Russia, May 7, 2015. Russia will celebrate the 70th anniversary of Continue Reading
Inflation rate of 18.3% may not be peak, Time Economics says Nigerian inflation accelerated for the 12th consecutive month in October as exchange-rate pressures persisted on the prices of goods Continue Reading
A continuing drop in US coal consumption has helped keep global CO2 emissions flat Declining consumption of coal in the US last year played a significant role in keeping down Continue Reading
Shell LNG Chevron’s $54-billion Gorgon liquefied natural gas plant in Australia was shut down for a third time since it launched in March, with sources telling news agencies that the Continue Reading
China’s daily crude oil production in October fell to the lowest in more than seven years, statistics bureau data showed on Monday, as producers remain reluctant to drill new wells Continue Reading
China’s beleaguered oil sector could face fresh challenges following Donald Trump’s election as president , with some in the industry warning that a harder U.S. line toward China could stymie Continue Reading
President-elect Donald Trump is seeking quick ways to withdraw the United States from a global accord to combat climate change, a source on his transition team said, defying broad international Continue Reading
U.S. Secretary of State John Kerry said on Sunday the Obama administration would do everything it could to implement a global agreement to combat climate change before President-elect Donald Trump Continue Reading
TAPS pipeline Much has been made about President-elect Donald Trump’s plans to dismantle environmental regulations and streamline regulations that could lead to the construction of more pipelines . But there Continue Reading
Green measures give PM political cover for Dec. 19 decision Local lawmaker decries recent moves as ‘lipstick on a pig’ Prime Minister Justin Trudeau has set the table for Canada Continue Reading
With the election of Donald Trump as President, forecasters and analysts are dashing to determine how his policies are likely to affect global energy. It’s likely that his measures will Continue Reading
The Interior Department is expected this week to unveil its final five-year plan for offshore oil and natural gas lease sales and both industry and environmental sources believe proposed Arctic Continue Reading
In a new Leaderboard Report , Navigant Research assesses the business strategy and execution of 12 companies offering public charging networks and EV charging services. Navigant Research estimates the global Continue Reading
Nov 13 (Reuters) – North Dakota authorities are investigating a weekend incident in which pipeline protesters said a woman was struck by a man driving a truck who drove over Continue Reading
Global carbon dioxide emissions from burning fossil fuels have stayed almost flat for the third year in a row in what scientists say is a “clear and unpredicted break” that Continue Reading
Roughly 145,000 new electric vehicles (EV) were sold in Europe in 2015—double the 2014 tally, according to a recent T&E report . EV sales have now reached the milestone of Continue Reading
What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The trifecta of monthly reports from EIA, IEA Continue Reading
Sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. OPEC… U.S. oil prices extended their losing streak to three weeks, falling to an eight-week low Continue Reading
