Iraq exports fall as OPEC cuts begin
Iraq has reduced the rate of its oil exports by about 6 percent as it begins the difficult process of implementing an OPEC agreement to cut production.”I’m confident we can Continue Reading
Fire reported at Nigerian oil pipeline
Citing possible terrorism, Nigerian media reported Wednesday an oil pipeline was on fire less than a day after the vice president was in an oil-rich region. Nigerian newspaper Vanguard reported Continue Reading
New year, new cuts stir debate about China’s steel, coal excess
The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a Continue Reading
Oil Production Here Is Declining Faster Than Anywhere On Earth
Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive — in one particular part of the world. Continue Reading
U.S. Shale To Put A Firm Cap On Oil Prices
The latest Drilling Productivity Report released by the Energy Information Administration has shown that crude oil output in the shale patch will continue rising next month, with the Permian accounting Continue Reading
The U.S. Is Shaping Up For Another Pipeline Saga
Incoming President Donald Trump might quickly move to resolve the massive problem that Energy Transfer Partners has on its hands in the Dakota Access Pipeline, but the company is in Continue Reading
Shale Rebound Will Cramp OPEC’s Style
The Energy Department gave oil bulls a sobering reminder Tuesday: Shale oil production is rising strongly, particularly from the Permian Basin in western Texas and New Mexico. Putting an exclamation Continue Reading
Obama puts offshore North Carolina on wind energy map
Obama administration sets March date for wind energy development lease for waters off the coast of North Carolina. File Photo by Teun van den Dries/Shutterstock Thousands of acres offshore North Continue Reading
UK Is Europe’s Last Hope For A Fracking Success
Following poor success across Europe, including Poland, Ukraine, France, the Netherlands, and Denmark, the UK now remains the last candidate province for European shale gas and oil in the near Continue Reading
No Ruble Tripwire Seen for Russia as Currency Strains Mount
The ruble is settling in a range where the Bank of Russia purchased foreign currency in 2015, but this time policy makers are looking the other way. The central bank Continue Reading