US coal exports higher in November, including China-bound cargoes
US coal exports totaled 5.95 million mt in November, up 34.8% from the prior month and up 39.2% from the year-ago month, US Census data showed Friday. The month also Continue Reading
Top Ten Weather Events of 2016: #1 is No Surprise; #2 Will Surprise You | Category 6™
The top weather story of 2016: Earth had its warmest year on record (again!) While the final numbers are not officially tabulated, 2016 appears certain to be the warmest year Continue Reading
The crack in this Antarctic ice shelf just grew by 11 miles. A dramatic break could be imminent.
An enormous rift in one of Antarctica’s largest ice shelves grew dramatically over the past month, and a chunk nearly the size of Delaware could break away as soon as Continue Reading
Oil steady after gains on Saudi output cuts
Oil prices were little changed on Friday after gaining nearly 1 percent the day before on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. Continue Reading
Oil dips on doubts over touted production cuts
Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent Continue Reading
The Bad News Continues For Offshore Oil And Gas
The oil price bust, which resulted from the global crude oil glut, has created yet more oversupply, this time in the offshore industry, where a rig and vessel glut is Continue Reading
OPEC oil output falls from record high ahead of planned cuts: Reuters survey
OPEC’s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria’s oil industry Continue Reading
The Oil Trade Showing Where OPEC’s Cuts Are Starting to Bite
As OPEC starts to make its production cuts work, the true impact of its actions is perhaps most in evidence in an obscure part of the physical oil market. While Continue Reading
Will OPEC Deliver Its Output Cut Deal? Here’s How We’ll Know
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy. The challenge: Continue Reading
Iraq begins reducing oil output in keeping with OPEC decision: minister
Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the oil minister said on Thursday. “Iraq affirms its commitment to the OPEC decision Continue Reading
Saudi Aramco explores Feb oil supply cuts of 3-7 percent to meet OPEC target
Saudi Aramco has started talks with customers globally to discuss possible cuts of 3 percent to 7 percent in February crude loadings to comply with OPEC production cuts, four sources Continue Reading
Aramco Raises Oil Pricing to Asia and U.S. as OPEC Cuts Output
Saudi Arabia raised pricing for February oil sales to Asia and increased premiums for light grades to the U.S. as the world’s largest crude exporter prepares to reduce output to Continue Reading
Iraq next to state commitment to OPEC cuts
Iraq has started trimming crude oil production in a managed fashion in order to comply with an OPEC agreement, the oil minister said. “Iraq is dealing wisely” with its commitment Continue Reading
Libya To Re-Open Last Major Oil Export Terminal
Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports, Continue Reading
Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry. Continue Reading
After record year, Iraq readies OPEC cuts
Iraq’s federal government exported nearly 10 percent more oil in 2016 than it did the year before, though the Oil Ministry is cutting production in the new year as part Continue Reading
Shell Pipeline Fire Threatens to Deepen Nigerian Oil Output Drop
Royal Dutch Shell Plc shut the Trans Niger oil pipeline after a fire, threatening to worsen a drop in Nigerian output due to unplanned disruptions. The line can transport about Continue Reading
600 Hundred Arrested And 1 Dead As Mexican Gas Price Protests Intensify
Some 600 people have been arrested, one policeman killed and around 300 stores looted as protests intensify in Mexico following the weekend decision to hike fuel prices by 20 percent, Continue Reading
China Investing Billions in Renewable Energy
China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind, the government’s energy agency said on Thursday . The country’s National Energy Continue Reading
U.S. crude stocks fall sharply, products surge
Crude oil futures fell on Tuesday as expectations that this week’s reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut. U.S. crude stocks Continue Reading
Crown Jewel of U.S. Shale Fuels Endless Pursuit of Williams
Williams Cos. CEO Alan Armstrong has something everybody wants, and he knows it. “It’s a gold mine,” he says. “It’s irreplaceable.” Some 67 years after the Transco pipeline was laid Continue Reading
U.S. oil and gas lobby calls for industry-led energy revolution
The leading oil and gas lobbying group in the United States called on leaders in Washington to release the reins of regulation for the sake of the nation. “It is Continue Reading
Texas economist says OPEC cut won’t create global shortage
The OPEC-fueled market recovery hasn’t been felt yet in Texas, where the energy sector appears to have bottomed out, an economist said. The Texas Alliance of Energy Producers estimates total Continue Reading
Tillerson Discloses Assets Of $400 Million
One day after Exxon announced it would sever ties with its former CEO and Chairman, Rex Tillerson, who is slated to become Trump’s secretary of state, in the process awarding Continue Reading
EIA: US On Track To Export More Energy than It Imports by 2026
One year after Congress lifted a ban on US oil exports, the federal Energy Information Administration finds the nation is set to become a net energy exporter. A net energy Continue Reading
Drivers Get Cleaner Air, Added Costs as Taxes, Premium Gas Rise
For BMW and Audi drivers, the start of 2017 brings both good news and bad. A new federal rule cuts the amount of sulfur in gasoline by two-thirds, part of Continue Reading
As Sun Sets on Canada Energy, Grafton Eyes Renewables
Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil and gas industry, is looking to add alternative energy to its portfolio for the first time Continue Reading
US population growth hits 80-year low
The US has just registered a fresh low point in population growth since the Depression era. Its annual growth rate sank below 0.7 per cent in 2015-16, making it the Continue Reading
Has U.S. Gasoline Demand Peaked?
Several years of low gasoline prices have upended a decade-long shift towards more fuel efficient vehicles in the United States. For two years in a row, the U.S. auto industry Continue Reading
EIA sees natural gas production up nearly 4% a year to 2020
The US Energy Information Administration’s Annual Energy Outlook 2017 is projecting growth in natural gas production from now until 2050, and sees gas exports helping drive the US to switch Continue Reading
U.S. set to become energy exporter by 2026: EIA
The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Continue Reading
Another North Sea production milestone
A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. Aker BP, a merger of Continue Reading
Huge Antarctic iceberg poised to break away
A huge iceberg, a quarter the size of Wales, is poised to break off from the Larsen C ice shelf An iceberg expected to be one of the 10 largest Continue Reading
The Future Of Oil And Gas? Look To The Past
In the early days of 2017, it behooves oil and gas companies to reflect on the past, while making plans robust to an uncertain future outlook. There are several questions Continue Reading
Oil dips on doubts over touted production cuts
Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent Continue Reading
Oil at $65 Per Barrel? Energy Pros Hopeful In 2017
Permian will remain a big deal, but other plays nipping at its heels for investment in the new year, experts say. With OPEC production plans in place and new leadership Continue Reading
Oil Higher on Declining Stocks, Falling Dollar
Oil prices ticked higher Wednesday as the dollar fell and analysts said they expect U.S. stockpiles declined last week. Light, sweet crude for February delivery settled up 93 cents, or Continue Reading
OPEC Oil Output Slides in December Amid Nigeria Disruptions
OPEC’s crude production fell by 310,000 barrels a day in December, as unplanned disruptions in Nigeria reduced the group’s supply before deliberate cuts take effect this month. Nigeria’s daily output Continue Reading
Libya Oil-Export Terminal Said to Re-Open as Output Rises
Libya is re-opening its last major oil-export terminal that shut amid the conflict hobbling output in the country with Africa’s largest crude reserves. The Zawiya terminal is preparing to resume Continue Reading
Lebanon Set to Join East Mediterranean Race for Oil and Gas
Lebanon approved two measures allowing it to auction its first offshore oil and natural gas rights, ending three years of delays that kept the tiny country from joining a regional Continue Reading
Iraq begins reducing oil output in keeping with OPEC decision: minister
Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the oil minister said on Thursday. “Iraq affirms its commitment to the OPEC decision Continue Reading
Saudi Aramco IPO May Not Happen If Oil Prices Rise
Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of Continue Reading
Analysis: What Iraq reveals about Rex Tillerson
Rex Tillerson has never held a government position, but he does have a long track record of conducting foreign policy as the leader of ExxonMobil – one of the largest Continue Reading
Nigeria Targets 2.6 Million Barrels Per Day Refining Capacity
Nigeria may be on the path to becoming self-sufficient in the production of petroleum products, as the Federal Government expects to increase the country’s refining capacity from 445,000 barrels per Continue Reading
Dozens of companies land Nigerian crude oil contracts
Nigeria’s state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. The Nigerian National Petroleum Corp. awarded Continue Reading
Nigerian crude oil exports to edge higher in February
Nigeria’s crude oil exports are on track to edge higher in February, due in part to deferred January cargoes, loading program compiled by Reuters showed on Wednesday. The loading program Continue Reading
Venezuelan Leader Nicolás Maduro Shakes Up Cabinet
President Nicolás Maduro reshuffled his cabinet Wednesday amid a deepening recession, appointing a state governor to the vice presidency and naming his sixth new economy minister in three years. In Continue Reading
Myanmar’s breakneck growth bring surge in fuel oil shipping from Singapore
Myanmar’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging southeast Asian Continue Reading
U.S. gas prices tumble, but market is tightening: Kemp
U.S. natural gas prices plunged on Tuesday amid forecasts that temperatures will be average or higher across most population centers by the middle of January. Earlier forecasts had predicted colder Continue Reading
Gas Producers Fall Even as Gas Prices Rise
Fear and trembling over the return of oversupply in natural gas The new year started off terribly for one of 2016’s best-performing commodities, reinforcing fears that have lingered over the Continue Reading