No Peak Oil For America Or The World
Oil is more plentiful than you can imagine. And we keep figuring out easier and more economical ways to get it out of the ground. In 1938, the famous geologist Continue Reading
Early surge in coal usage in 2017 may not last
There are signs utilities are buying more coal this year than last thanks to a late-year surge in natural gas prices, but the black rock still isn’t expected to regain Continue Reading
Peak gasoline demand looms with engine efficiency gains
Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said. Continue Reading
A Fit U.S. Shale Industry Challenges OPEC Once Again
When the who’s who of the oil industry met a year ago in Houston, Saudi Arabia ’s energy minister had harsh words for U.S. shale drillers struggling with the worst Continue Reading
EPA Withdraws Obama-Era Requirement for Companies to Provide Methane Data
The Environmental Protection Agency said Thursday it is withdrawing an Obama-era request that oil and natural gas companies provide information on methane emissions at their operations. EPA Administrator Scott Pruitt Continue Reading
Exxon Betting Big On U.S. Shale
ExxonMobil’s new CEO Darren Woods announced a dramatic shift towards shale drilling this week, a new strategy that will prioritize drilling thousands of smaller wells while reducing spending on the Continue Reading
Russian cuts to oil production stall in February
Russia’s oil output stayed unchanged in February from the previous month, with cuts at just a third of the levels pledged by Moscow under a global deal to reduce production, Continue Reading
Russia’s Lukoil reports oil production declines for 2016
Russian oil producer Lukoil said its oil production for 2016 was 8.6 percent lower than in 2015, but higher for the fourth quarter by about 2.5 percent. Excluding work in Continue Reading
Gazprom Says Europe’s Appetite for Gas Keeps Getting Bigger
Europe’s appetite for natural gas is leading to a growth “renaissance” as its stores of the fuel languish at the lowest levels since 2013, according to Gazprom PJSC. Europe’s appetite Continue Reading
Oil falls for third day as U.S. inventories hit record high
Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. Crude stockpiles in Continue Reading