After a week of swings driven by the surprise election of Donald Trump and speculation over OPEC’s intentions, oil prices were back where they started. Futures slipped 1 percent on Continue Reading
Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut Continue Reading
OPEC members are making the task of oil market rebalancing harder by maximizing their production ahead of a ministerial conference at the end of November. OPEC output is actually increasing, Continue Reading
WTI traded in a bearish pattern once again this week taking out last week’s low print and settling $43.41 on Friday following an IEA report with bearishly adjusted supply/demand expectations, Continue Reading
Companies forced to keep crude on small Aframax-class vessels Lack of space on land seen as driving force behind buildup Oil companies booked tankers to store as many as 9 Continue Reading
Saudis keep supply near record even as local demand falters Figures may be negotiating position for OPEC talks: Natixis Iran, which has said it’s exempt from OPEC’s accord to cut Continue Reading
The recently announced gas discovery in the offshore Kwanza basin has a number of hurdles to overcome, say oil and gas analysts. The recently announced gas discovery in Angola’s offshore Continue Reading
Law officers arrested about three dozen Dakota Access oil pipeline protesters in a confrontation Friday that also shut down a state highway. The midday incident began after about 100 protesters Continue Reading
China has warned Donald Trump that he will be defying the wishes of the entire planet if he acts on his vow to back away from the Paris climate agreement Continue Reading
A new white paper from the International Council on Clean Transportation (ICCT) assesses which policy actions are behind the regional leading markets in the US for electric vehicles. The white Continue Reading
U.S. oil drillers increased rigs this week for a 21th week in the last 24, as energy firms follow through on plans to add rigs made months ago when crude Continue Reading
The mug-shot posters, pasted on walls and lampposts around Paris by an activist group during the United Nations climate talks last year, were hardly flattering. They depicted Myron Ebell, a Continue Reading
Idle oil equipment is seen in a Baker Hughes yard in Williston, North Dakota. The number of rigs drilling for oil in the U.S. rose by two in the past Continue Reading
Israeli conglomerate Delek Group confirmed it secured the rights to explore for reserves in the deep waters off the coast of Newfoundland. Delek Group said it secured the rights to Continue Reading
Greenpeace said it was concerned climate policy under President-elect Donald Trump will have a ‘drill, baby, drill’ mentality, but an energy group sang praises. Billionaire Trump started the formal transition Continue Reading
CEO Sechin says ‘considerable’ negative export duty lag effect Oil output rose to 4.15 million barrels a day in quarter Rosneft PJSC, Russia’s biggest oil producer, said third-quarter profit dropped Continue Reading
Energy futurist Chris Nelder explores the common ground between the Occupy movement and the Tea Party: declining energy leading to declining economic surplus. Beneath the complex narratives of the Occupy Continue Reading
After a week of swings driven by the surprise election of Donald Trump and speculation over OPEC’s intentions, oil prices were back where they started. Futures slipped 1 percent on Continue Reading
Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut Continue Reading
Crude reversed 4% intraday slide Wednesday after shock victory ‘Relentless’ supply growth seen by IEA as non-OPEC recovers The oil market is taking a breather. A day after Donald Trump’s Continue Reading
Market faces ‘relentless’ supply growth as non-OPEC recovers Brazil, Russia, Kazakhstan help non-OPEC grow by 500,000 b/d The cost of failing to reach a deal this month is rising for Continue Reading
Global oil supply rose 0.8 mb/d in October to 97.8 mb/d after producers in OPEC and non-OPEC opened the taps. World oil output was 0.8 mb/d above a year ago, Continue Reading
Global flows of liquefied natural gas (LNG) are set to change as the growth in a supply glut will peak in 2018 because of new production from Australia and the Continue Reading
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. The oil market risks running another surplus in 2017 without an output cut from OPEC, as Continue Reading
Oil prices moved lower in early Thursday trading after the IEA said there may be too many factors at play to continue betting on OPEC’s production offer. Crude prices moved Continue Reading
OPEC’s oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog reported Thursday, highlighting the challenge the cartel will face Continue Reading
Oil prices fell Thursday after the International Energy Agency reported record production from Organization of the Petroleum Exporting Countries members and subdued expectations for demand growth. U.S. crude for December Continue Reading
Various OPEC members have been busy looking for ways to get all members of the cartel to agree to a production cut, but outside the spotlight, as it turns out, Continue Reading
Desperate times call for desperate measures. And when things no longer work, you throw them out. OPEC may be just that desperate, and perhaps it is now willing to throw Continue Reading
As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be Continue Reading
Even with higher oil prices and advance payments from oil traders, revenues still fall short of KRG budget needs. Loading arms at the terminal for Iraqi crude exports at the Continue Reading
Aramco said to have hired HSBC to advise on potential deal Azerbaijan’s Socar and Opet Petrolculuk also said to bid Saudi Arabian Oil Co., the world’s largest crude exporter, is Continue Reading
Iraq had invited IOCs to bid on new development deals. But now state companies will handle some of those fields, and Iraq will delay contracting others until next year. Oil Continue Reading
Port Harcourt — Rivers State Governor Nyesom Wike has blamed the Federal Government for the unending sabotage of oil and gas pipelines by militants. Wike said the Federal Government had Continue Reading
A militant group waging war on Nigeria’s oil sector said U.S. President-elect Donald Trump can help eradicate what it sees as Islamic fundamentalists in power. Trump was confirmed to have Continue Reading
Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to Continue Reading
Brazilian state-controlled oil company Petróleo Brasileiro SA posted an unexpected third-quarter loss on Thursday after drastically reducing the value of oil fields and other assets amid a severe downsizing and Continue Reading
As New Delhi grappled with its worst smog in 17 years, the head of India’s largest mobile payment firm got on a plane and left, one of thousands of professionals Continue Reading
Unprecedented steps by Beijing to snuff out a months-long rally in coal prices are casting fresh doubts on China’s drive to become a global price-setting hub for commodities worth trillions Continue Reading
In December 1873, London was blanketed for a week in a yellow fog so thick that people could not see their feet. “Ladies & gentlemen,” Mark Twain said in a Continue Reading
China’s imports of thermal coal in July-September grew 33% year on year with China-bound exports from Australia matching the growth rate, the Australian government’s Department of Industry, Innovation and Science Continue Reading
Tax collections from oil and natural gas production in Oklahoma have turned the corner, though the state isn’t yet out of the woods, the state treasurer said. Oklahoma reported tax Continue Reading
President-elect Donald J. Trump , who has called human-caused climate change a “hoax” perpetuated by the Chinese, will have the power next year to water down President Obama’s climate change Continue Reading
Donald Trump’s victory could ultimately lead to a lot more oil pipelines moving forward, one sector of the fossil fuel industry specifically targeted by environmentalists The most controversial project right Continue Reading
Refined products pipe’s second disruption highlights the value pipelines bring to U.S. consumers Colonial Pipeline’s Line 1 resumed shipping gasoline on Sunday morning, after experiencing its second outage this year Continue Reading
Canadian oil Trump’s presidency could benefit Canada’s oil industry in no small way, one commodity investment adviser has told the Globe and Mail. According to Tim Pickering, Trump’s ambition to Continue Reading
Rolling back the Obama administration’s regulations on the oil and gas industry will be a priority for Donald Trump, the president-elect’s top adviser on energy has said. Harold Hamm, the Continue Reading
Following Donald Trump’s victory in Tuesday’s presidential race, Congressman Kevin Cramer, a North Dakota Republican and a top Trump energy advisor, spoke with S&P Global Platts about what impact the Continue Reading
In a ruling in a lawsuit brought by the Marcellus Shale Coalition, a Pennsylvania judge on Tuesday ordered the temporary stay of several key provisions of a set of natural Continue Reading
END OF THE U.S. MAJOR OIL INDUSTRY ERA: Big Trouble At ExxonMobil The era of the mighty U.S. major oil industry is coming to an end as the country’s largest Continue Reading
