The number of autonomous vehicles on California’s roads has more than doubled as carmakers and big tech companies race against secretive start-ups to test their self-driving cars. Two new permits Continue Reading
The solar market in the United States had its best year on record in 2016, according to researchers with the Solar Energy Industries Association. In a study published by the Continue Reading
The Syncrude Canada Ltd. oil sands upgrading plant near Fort McMurray, Alberta, Canada, on June 4, 2015. The future of the Canadian oil sands is looking a lot more Canadian. Continue Reading
Top shale oil producers are lifting their crude and gas reserve estimates for the first time in two years – even as many major oil companies are cutting the same Continue Reading
U.S. oil production forecasts for 2017 and 2018 have been boosted significantly as a result of rising prices as well as improved modeling techniques for predicting output down to the Continue Reading
Shell remaking itself for low-carbon world, but some want more Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company. With Thursday’s deal Continue Reading
Oil prices stabilised on Thursday after falling by the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to Continue Reading
Oil dropped below $50 for the first time since December after concerns that OPEC’s output cuts aren’t tempering a surplus in the U.S. triggered the biggest slump in more than Continue Reading
Investors are finally taking record U.S. oil stockpiles seriously. Oil slumped the most in more than a year after government data showed production cuts from OPEC and other exporters have Continue Reading
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output Continue Reading
Global oil markets are facing down a “decade of disorder” if long-term supply projects aren’t put into the pipeline, a former chief of the Energy Information Administration (EIA) said Tuesday. Continue Reading
The world’s biggest oil companies are getting thrifty. Oil prices have made a modest comeback from the lows hit a little over a year ago, but energy companies such as Continue Reading
Financially strapped oil producers are spending billions to boost production before it’s clear that recent crude price gains brought on by OPEC output cuts can be sustained. Five of the Continue Reading
Kuwait Oil Minister Essam Al-Marzouq said on Wednesday that OPEC’s compliance with an oil output cut reached last year stood at 140 percent in February, while non-OPEC members compliance was Continue Reading
U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC’s strategy to tighten global supplies. As shale Continue Reading
Anybody who is anybody in the world of oil is gathering in Houston this week for the IHS CERAWeek Conference, an annual get-together of top industry analysts, executives and government Continue Reading
If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member, given its production of about 600,000 barrels of oil Continue Reading
Production from Waha Oil Co., a venture between Libya’s state oil company and foreign partners, may be suspended Wednesday as clashes in the country’s eastern oil region keep the main Continue Reading
The refining capacity of a complex in the northern Iraqi city of Kirkuk will be expanded in part to better serve community needs, the Iraqi oil minister said. “The Ministry Continue Reading
Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally, has yet to translate into Continue Reading
Industry heavy-hitters reveal their top assets outside of the prolific Permian Basin during a CERAWeek by IHS Markit discussion in Houston. Before “Permania” reignited the oil and gas industry’s lust Continue Reading
Saudi Aramco will supply full contract volumes of crude oil to multiple Asian buyers in April, three industry sources with knowledge of the matter said. Despite commitments to cut production Continue Reading
Saudi Arabia is handing customers in the world’s biggest oil market sweet treats while limiting sour supplies. The producer cut volumes of its Arab Medium and Arab Heavy crude for Continue Reading
If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member, given its production of about 600,000 barrels of oil Continue Reading
Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the Continue Reading
Australia is posed to build an electricity network with 100 percent renewable energy, that is both affordable and secure, and that utilizes existing technology. The Australian National University has published Continue Reading
For the second day running, China data have economists scratching their heads. Tuesday came a surprise increase in foreign-exchange reserves. Wednesday, it was an unexpected trade deficit—China’s first in three Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. U.S. crude oil inventories surged last week to another record high, Continue Reading
The dollar rose to a high for the week after a private employment survey signaled upside risks to forecasts for Friday’s U.S. jobs report. The greenback rose versus all of Continue Reading
Tax collections from oil and gas production last year were more than 10 percent off the previous year, though the Oklahoma state treasury expressed optimism. S&P Global Ratings lowered its Continue Reading
Energy sector components are aligning to spawn recovery in Texas, the No. 1 oil producer, but it’s still early in the expansion, an industry economist said. As the top oil Continue Reading
BP is investing $155 million in production facilities for Clean Energy Fuels Corp.’s Redeem-branded renewable natural gas. The deal supports both companies’ role in the future of RNG, or biomethane, Continue Reading
US crude exports hit record highs in January and February, as domestic crude price discounts to Brent and Dubai widened significantly, an S&P Global Platts analysis of government data showed Continue Reading
Harold Hamm, the billionaire shale oilman, said the U.S. industry could “kill” the oil market if it embarks into another spending binge, a rare warning in a business focused on Continue Reading
Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural, the company said on Thursday. The deal also includes a Continue Reading
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of Continue Reading
Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs. The IEA says that U.S. Continue Reading
Optimism pervaded the coal industry Wednesday as it gathered at the American Coal Council’s Spring Coal Forum in Clearwater, Florida, as the early days of the Trump administration have brought Continue Reading
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output Continue Reading
Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose Continue Reading
U.S. shale producers won’t quit pumping oil, and OPEC is learning to deal with that. That’s the message emerging from this year’s CERAWeek energy conference, where the mood as thousands Continue Reading
Without the U.S. shale revolution, the global economy probably would have been mired in deep crisis, said Mohammad Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries, on Tuesday. Continue Reading
Oil prices traded sideways in a quiet market as traders digest the news coming from Houston where the world’s opinion leaders in oil & gas have gathered for this year’s Continue Reading
Oil prices will settle in the $55-$60 range in the long term, according to Jeff Currie, the lead commodities researcher at Goldman Sachs, who spoke to Bloomberg this week regarding Continue Reading
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could lead to a shortage when it Continue Reading
Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a Continue Reading
OPEC Secretary General Mohammad Barkindo listens during a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader/File Continue Reading
Oil prices will tumble to $40 a barrel if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the Continue Reading
Opec once decried hedge funds as a malign influence on the oil market. Now it is seeking their opinion. Mohammad Barkindo, secretary-general of the oil exporters’ cartel, said on Tuesday Continue Reading
Oil prices moved higher early Tuesday morning as threats to Libyan security balanced against reports that U.S. oil production gains could slow momentum. NATO allies expressed concern that fighting in Continue Reading
