The leading US oil and gas industry group has highlighted deregulation, increased access for offshore drilling and more support for pipeline construction as priorities for Donald Trump’s administration and the Continue Reading
The US is dependent on gasoline for nearly every aspect of transportation, but the hard reality for the country’s drivers is that its refiners don’t produce near enough to meet Continue Reading
The party’s over for the airlines. Guess who has to stay and clean up? After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, Continue Reading
Americans may spend $52 billion more to fill their cars this year as OPEC output cuts boost oil prices and state tax hikes take a bigger bite, according to GasBuddy Continue Reading
Auto makers rolled out stronger-than-expected December U.S. sales results Wednesday, amid robust demand for trucks and hefty year-end incentives, signaling the industry remained on track to set an annual record Continue Reading
US coal carload volumes fell in the final week of 2016, putting year-end totals 20.1% below 2015 counts, railroad and Association of American Railroads data showed Wednesday. For the week Continue Reading
The world’s second-largest petrochemical port in Houston may command 75% of all US polyethylene exports, but expected growth in international shipments as a slew of new ethane crackers and associated Continue Reading
Tillerson will relinquish control of a quarter-billion dollar nest egg amassed over four decades at Exxon Mobil Corp. to avoid a conflict of interest during his confirmation hearings to become Continue Reading
Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. The oil and Continue Reading
“They say they milk chickens” goes the Russian proverb. With crude prices up 50% from a year ago, energy investors would do well to take this skeptical saying to heart. Continue Reading
A very busy year The last year was kind to Rosneft. Even with continuous low oil prices and the Western sanctions, the Russian state-owned oil giant signed a landmark refinery Continue Reading
With 2016 now closed out, we’re getting the first looks at year-end data. And numbers from one nation in the energy space have been particularly eye-catching this week. Russia. Over Continue Reading
Budget deficit is a fascinating thing. It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large Continue Reading
The last year was kind to Rosneft. Even with continuous low oil prices and the Western sanctions, the Russian state-owned oil giant signed a landmark refinery and supply deal with Continue Reading
Oil prices edged up on Wednesday, recovering some losses from the previous day when the U.S.-dollar hit a 14-year peak and weighed on crude markets. U.S. West Texas Intermediate (WTI) Continue Reading
Oil futures began the year with a jolt Tuesday, with Brent hitting a more-than one-year high, boosted by anticipation the production cuts agreed late last year would kick in and Continue Reading
Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are delivering on their agreement to stabilize the market. Continue Reading
Oil prices will gradually rise toward $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely Continue Reading
U.S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. U.S. benchmark Continue Reading
Solar Could Beat Coal to Become the Cheapest Power on Earth Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s Continue Reading
Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how Continue Reading
More than two dozen foreign oil and natural gas companies are qualified to get in line as Iran’s energy sector opens up to investors, the government said. Sanctions pressure started Continue Reading
The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country’s new oil and gas projects. The National Iranian Continue Reading
Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. Continue Reading
Back on December 15, two weeks ahead of the day the OPEC production cut agreement was set to begin, according to which some 1.2 million barrels per day in oil Continue Reading
ISIS has claimed responsibility for the shooting in a nightclub in Istanbul on New Year’s Eve, in which a gunman – who is still at large – killed 39 people, Continue Reading
Venezuela looks set to start 2017 with a somewhat quiet first quarter in terms of debt repayment, with only $1.1 billion due over the first three months of the year. Continue Reading
Low visibility caused by fog and smog in large parts of China is disrupting traffic after the New Year holiday. Dense fog temporarily closed several sections of six expressways in Continue Reading
China’s independent refiners face uncertain times in 2017 as the government comes down hard on them for compliance and tax evasion, and has rowed back from allowing them to export Continue Reading
Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions Continue Reading
Champagne wasn’t the only thing bubbling at the start of 2017 for U.S. manufacturers: So was inflation, a potential warning sign in an otherwise broadly positive report on American factories. Continue Reading
The prospect of a mild January has throttled the US natural gas market, pushing benchmark prices down in the biggest daily decline in almost two years. The 10.7 per cent Continue Reading
Oil prices are rising and the industry is poised for a rebound, with U.S. shale spending set to soar in 2017. But for Royal Dutch Shell, this year will be Continue Reading
Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016. What’s more, Continue Reading
No compatible source was found for this media. Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are Continue Reading
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will Continue Reading
With Physical Hedging on Rise, Production Response May Weaken With OPEC and non-OPEC production cuts on the horizon (although not guaranteed), institutions exposed to oil have shifted their outlooks for Continue Reading
Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust Continue Reading
Saudi Arabia stressed on Monday the importance of co-operation among oil producers to abide by a decision in November to cut production. OPEC agreed in November its first oil output Continue Reading
Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Continue Reading
While Mexico has reasons to be concerned about the upcoming presidential inauguration of Donald Trump, who has vowed to make life, and especially trade relations, for Mexicans far more “complicated” Continue Reading
China’s national observatory on Tuesday issued a red alert for fog in a number of northern and eastern regions, the first ever national red alert for fog. From Tuesday to Continue Reading
The IEA released highlights for the December Oil Market report in mid December. I have used information from the November report and assumed OPEC crude output will be 32.7 Mb/d Continue Reading
There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the Continue Reading
Oil prices may finally have stabilized, but hurdles to further gains remain. After more than two years of a crude glut that drove prices to decade lows, analysts and industry Continue Reading
A suicide bomber blew up his explosives-laden vehicle Monday in a bustling market area in Baghdad, killing at least 22 people, Iraqi officials said, hours after the arrival of French Continue Reading
An explosion has occurred at a gas pipeline near Azerbaijan’s capital Baku early on Monday, the country’s Emergencies Ministry said, the second such incident in a week. An explosion hit Continue Reading
The holiday season has been a little less merry for car owners in Mexico as gasoline shortages in many parts of the country have forced grumbling customers to contend with Continue Reading
Mexican motorists awoke to a shock as gasoline prices at the pump shot up by more than 20 percent in some corners of the country on the first day of Continue Reading
BEIJING, Jan. 2 (Xinhua) — Beijing will extend the orange alert for heavy air pollution for another three days as heavy smog will continue in the city, environmental authorities said Continue Reading
