Oil IPOs Ready to Bloom Across the U.S.
‘It feels like we’ve entered a good window’ for deals: Holt It may be time for a baby boom in U.S. oil. Rising crude prices and a deregulatory push in Continue Reading
U.S. refiners face severe labor shortage for deferred maintenance
After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive Continue Reading
Shale Drillers Promise No 2017 Binges as Oil Hangover Eases
Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a surprise Continue Reading
Electric Cars: Still Unpopular with Buyers and Unprofitable for Sellers
Tesla, which sells only electric vehicles, has posted a net loss of $550 million so… The car of the future will be electric, connected and, eventually, self-driving. But where does Continue Reading
Solar power at 1¢/kWh by 2025 – “The promise of quasi-infinite and free energy is here”
Thierry Lepercq, head of research, technology and innovation at the French energy company Engie SA, said in an interview at Bloomberg that he sees a potential for the cost of Continue Reading
Oil Prices Edge Up as Investors Remain Positive
Crude oil futures were up slightly Tuesday amid muted holiday trading in Europe as investors remain in a wait-and-see mode ahead of a landmark effort by oil producers to reduce Continue Reading
Oil Extends Longest Run of Gains Since August Before OPEC Cuts
Oil extended the longest winning streak in more than four months before OPEC and other producing nations start reducing output to stabilize the market. Futures advanced 0.4 percent in New Continue Reading
Brent curve signals oil tanks will start emptying in second half of 2017: Kemp
OPEC and non-OPEC oil producers have agreed to reduce their combined output by more than 1.7 million barrels per day for six months from January 2017. But the agreement contains Continue Reading
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
U.S. oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices. Continue Reading
OPEC, Russia talk gives oil prices a boost
A year-end gain in crude oil prices on the first full trading day after the Christmas holiday was boosted by OPEC and signals from a top Russian oil producer. Crude Continue Reading
Power Crisis Looms In Tajikistan
When the first snow fell in late November in Tajikistan, it caught many by surprise, including the country’s power providers. The last two years have accustomed Tajiks to unusually short Continue Reading
Iran sees foreign investors flocking to energy sector
Iran is drawing in more foreign investors eager to renew work in the energy sector because of the low cost of doing business, a corporate director said. The National Iranian Continue Reading
Mexico: Gasoline Prices Expected To Rise By As Much As 20 Percent In January
Gasoline prices in Mexico will rise by as much as 20 percent at the start of January, the country’s Finance Ministry said Dec. 27, Reuters reported. The price increase was Continue Reading
Cuba says economy shrank this year in tandem with Venezuela crisis
Containers are seen at the Mariel port in Artemisa province, Cuba January 5, 2016. Cuba’s economy shrank 0.9 percent this year in tandem with the crisis in its key trading Continue Reading
U.S. refiners cash in on Mexico’s record fuel imports
U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply Continue Reading
Venezuela says to cut 95,000 bpd crude output in OPEC deal
Venezuela said on Tuesday it will cut 95,000 barrels-per-day of oil production in the New Year in fulfillment of a producers’ deal to reduce global output and strengthen prices. Jan. Continue Reading
China Nov industry profits grow well, but chance to sustain gains clouded
China’s industrial sector showed the strongest profit growth in three months in November, suggesting the world’s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices Continue Reading
Mexico Gasoline Prices to Surge by the Most in Two Decades
Mexico will raise gasoline prices by as much as 20 percent in January, stoking inflation that’s already running at the fastest pace in almost two years. A month after the Continue Reading
Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017
After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global Continue Reading
Trudeau’s Energy Boss Turns to Electricity After Oil Decisions
It was a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural Continue Reading
California, at Forefront of Climate Fight, Won’t Back Down to Trump
Foreign governments concerned about climate change may soon be spending more time dealing with Sacramento than Washington. President-elect Donald J. Trump has packed his cabinet with nominees who dispute the Continue Reading
Freezing Winter Sees Natural Gas Prices Surge
Natural gas prices are surging as cold weather eats into U.S. inventories, tightening the market much more quickly than many analysts had expected. The blast of Arctic weather in December Continue Reading
Can U.S. Shale Add 1 Million Bpd In 2017?
Oil prices are up on expectations that OPEC will contribute to a faster balancing in 2017, with up to 1.8 million barrels per day in cuts along with some non-OPEC Continue Reading
Outlook 2017: Trump inauguration to bring major US oil policy changes
An unprecedented presidential election, court battles over hydraulic fracturing and oil pipelines, Arctic drilling plans and additional Renewable Fuel Standard drama rounded out the top five US oil policy stories Continue Reading
Russian oil company says production is up
As supply-side issues weigh on oil markets, Russian oil producer Gazprom Neft said its production for the year was up more than 7 percent from 2015. The company, the fourth Continue Reading
The Burning Issue: The Energy Transition From Fire to Electricity
Fire is at the root of our climate problems and it is time we put it out, writes Walt Patterson , Associate Fellow at Chatham House. “We need to switch Continue Reading
Dollar Gains While Oil Extends Rally After Holiday: Markets Wrap
The dollar rose against most major currencies while oil continued its longest winning streak in four months as most major financial markets reopened after a long holiday weekend. The yen Continue Reading
Oil Extends Longest Run of Gains Since August Before OPEC Cuts
Oil extended the longest winning streak in more than four months before OPEC and other producing nations start reducing output to stabilize the market. Futures advanced 0.4 percent in New Continue Reading
Shale Specter Haunts OPEC as Oil Seen Rallying Into 2017
After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global Continue Reading
Saudi Royal Family Is Still Spending in an Age of Austerity
Behind a tall perimeter wall, studded with surveillance cameras and guarded by Moroccan soldiers, a sprawling new palace for King Salman of Saudi Arabia rose on the Atlantic coast here Continue Reading
Xi’s Power Play Foreshadows Historic Transformation of How China Is Ruled
China’s Communist Party elite was craving a firm hand on the tiller when it chose Xi Jinping for the nation’s top job in 2012. Over the previous decade, President Hu Continue Reading
Oil Producers Turn to Wind Power
The Netherlands wants to build the world’s largest offshore wind project, and an unlikely company is helping: Royal Dutch Shell PLC. The oil-and-gas giant is facing shareholder pressure to develop Continue Reading
Key Metric Likely Won’t Reflect Oil Rally
Drilling and completion costs… The recent run-up in crude oil prices may offer a brighter outlook for energy companies, but a key accounting metric is likely to show the sector Continue Reading
The Haft of his Axe
In Nanjing they have banned gas and diesel powered motorbikes, scooters, and trike-cabs or trike-trucks and replaced them with electrics. While most vehicles are retrofits, new electric bikes and trikes Continue Reading
China issues yellow alert for ocean waves
China’s National Marine Environmental Forecasting Center on Monday issued a yellow alert for ocean waves brought by Typhoon Nock-Ten and a cold front. Starting early morning on Tuesday, Nock-Ten, the Continue Reading
Venezuela is lurching closer and closer to chaos
VENEZUELA, WHICH was once Latin America’s richest country, has become an unwilling test site for how much economic and social stress a modern nation can tolerate before it descends into Continue Reading
On the road to solar fuels and chemicals
In a new paper in the journal Nature Materials (in an edition focused on materials for sustainable energy), a team from Stanford University and SLAC National Accelerator Laboratory has reviewed Continue Reading
2016 was the year solar panels finally became cheaper than fossil fuels. Just wait for 2017
The renewable energy future will arrive when installing a new solar panels is cheaper than a comparable investment in coal, natural gas or other options. If you ask the World Continue Reading
US LNG makes negligible impact on European gas market
The startup in February this year of US LNG exports based on cheap American shale gas had been expected to see a good proportion of cargoes heading across the Atlantic Continue Reading
The Craziest Oil Price Predictions For 2017
Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since Continue Reading
Oil Price Roulette: Investors Bet On $100 Oil
Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the dice on a much bigger Continue Reading
Sovereign-Wealth Funds Threatened by Government Spending
Kazakh President Nursultan Nazarbayev says the country’s sovereign-wealth fund has the money to help wean the central Asian nation off its dependence on oil revenues and build an economy of Continue Reading
Iran says it sealed Boeing plane deal at half price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing ( BA.N ) airliners in an order that the American planemaker Continue Reading
Algeria’s Sonatrach to Boost Output 20% With New Projects
Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Continue Reading
Israel Battles Fire at Oil Refinery in Haifa, Roads Blocked
Firefighters are battling a blaze that erupted in a fuel tank at the Oil Refineries Ltd. facility in the northern city of Haifa, police said. No injuries were reported. The Continue Reading
China’s war on smog sends shivers across commodities sector
China’s crackdown on exhaust-spewing factories that shut or slashed output this week at sites including steel mills, textile and cement factories and coal-fired power plants will ripple across major bulk Continue Reading
Could Santa’s Sleigh Go Electric?
Indeed, it’s time to give Santa’s reindeer a break, so this year, rumor has it, they’re just along for the ride as Santa goes electric, pleasing both the animal welfare Continue Reading
Finding Work For The World’s Largest LNG Ship
It is not just individual investors that are having to be patient and bide their time waiting for energy sector investments to pay off. Many corporations are making long term Continue Reading
The Overstated Impact Of Trump On Oil
With Donald Trump set to enter the White House and OPEC having agreed to production cuts, analysts are focused on how the global oil industry and prices will be impacted Continue Reading
Oil Edges Higher
Crude oil prices edged higher on Friday, as traders closed out bets on falling prices ahead of the holiday break. U.S. crude futures rose 7 cents, or 01.3%, to $53.02 Continue Reading