Trump’s Advisers Draft First-Day Energy Policy Changes
Aides to Donald Trump have drafted a list of environmental policy and energy-related changes that he could sign within hours after he is sworn in as U.S. President on Friday, Continue Reading
Will This Be The Biggest Oil Bid Round This Decade?
Big spending is back in the oil and gas world. With ExxonMobil unloading a $6.6 billion mega-buy in the Permian Basin of Texas this week — just a day after Continue Reading
California Aims for 40% Reduction in Greenhouse Gases by 2030
California on Friday released a blueprint for meeting an aggressive climate-change goal: a 40% reduction in greenhouse gases by 2030, compared with 1990 levels. The plan, released by the California Continue Reading
Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Fell
Nomura Middle East CEO: Oil Heading Toward $60 Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC Continue Reading
Oil Tanks After EIA Reports Surprise Crude, Gasoline Build
A day after the API reported a 5.04-million-barrel decline in commercial U.S. crude oil inventories, the Energy Information Administration crushed hopes of a prolonged price recovery by reporting a build Continue Reading
Despite OPEC Deal Oil Prices Could Fall Sharply From Here
The impact of the OPEC production cuts could be much more muted than many had hoped for as non-OPEC output comes roaring back in 2017. And it isn’t just from Continue Reading
BP predicts “peak oil” will hit between 2025 and 2040
Oil major BP has outline six main trends which could “shape the future” of energy. The company said energy transitions this year will look at a “dominant fuel” with gas Continue Reading
International Energy Agency Monthly Oil Market Report
The global demand outlook for 2016 has been raised following the release of robust preliminary 4Q16 numbers. Colder weather in northern Europe provided impetus as did rapid industrially-driven Asian growth. Global oil Continue Reading
OPEC Faces Headwinds From Rising Non-OPEC Production
OPEC is facing headwinds with rising production from rivals, the International Energy Agency said Thursday, the latest warning that OPEC’s efforts to take barrels out of the market could backfire. Continue Reading
Why Big Oil Is Unprepared For The Coming Energy War
Recently, I gave a presentation on the future of energy to an audience of about 250 oil and gas professionals. Halfway through, I asked the carbon crowd to, “Raise your Continue Reading