U.S. Oil Rig Count Falls For The First Time In 12 Weeks
The number of active oil and gas rigs in the United States dipped on Friday by 6 for a total of 659 active rigs, according to oilfield services provider Baker Continue Reading
New Data Points To Rebound In Offshore Oil
Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore petroleum Continue Reading
Warm winter weather in US withering CAPP coal enthusiasm
The optimism prevalent through the US Central Appalachian coal industry heading into the New Year has started to temper as an expected cold January has failed to materialize. While thermometers Continue Reading
Canadian drillers add most oil rigs in two years: Baker Hughes
Energy firms in Canada more than doubled the number of rigs drilling for oil this week to the highest level in almost two years as producers returned en masse from Continue Reading
Kicking The Crude Habit Doesn’t Come Cheap for Richest Scandinavians
Government plans to diversify the economy come under fire Reducing Norway’s oil dependency and living up to campaign promises is proving a costly affair for Prime Minister Erna Solberg. With Continue Reading
Bone-Chilling Winter From Berlin to Davos Causes Energy Scramble
From the rivers criss-crossing eastern Europe to the Mediterranean ports of Greece and France, everyone is hunting for energy supplies. Blizzards, gale force winds, arctic temperatures and river ice thicker Continue Reading
IMF: Oil-rich Russia needs either-or economic policies
Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said. Russia is party to Continue Reading
Despite the Hype, Batteries Aren’t the Cheapest Way to Store Energy on the Grid
There are many different kinds of energy storage technologies, each with its own advantages and drawbacks. Lithium ion batteries are the most popular form of storage at the moment, but Continue Reading
Oil prices dip on doubts over planned crude output cuts
Oil dipped on lingering doubts that crude production cuts would go deep enough to curb a global fuel supply glut, with sentiment worsened by concerns over the health of the Continue Reading
EIA: Brent Prices To Average $53 In 2017
As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and now Continue Reading