OPEC isn’t the only decades-old energy hegemony being turned on its head by U.S. shale. Liquefied natural gas sellers from Qatar to Malaysia that dominated gas sales to Asia for Continue Reading
Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers large and small are rushing Continue Reading
It may be more than a year before US Gulf of Mexico oil exploration begins to ramp up in any noticeable way, but several new deepwater fields are adding to Continue Reading
Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. U.S. sales of new vehicles in March at major automakers came in below market Continue Reading
A coalition of U.S. states and municipalities has begun legal action against President Donald Trump’s administration, accusing it of violating federal law by delaying energy efficiency standards for several consumer Continue Reading
Days after opposition to a pipeline expansion project fell, Russian energy company Gazprom said its natural gas sales to foreign countries are up 15 percent. Russia is one of the Continue Reading
Oil is holding near $50 a barrel as optimism spurred by OPEC’s output cuts confronts pessimism over rising U.S. supply. Futures in New York were little changed after rising 5.5 Continue Reading
Crude stockpiles are starting to decline in a sign that the production cuts implemented this year are bringing the market to balance, according to OPEC’s Secretary-General Mohammad Barkindo. “I remain Continue Reading
FILE PHOTO: Flames emerge from flare stacks at the oil fields in Basra, Iraq, January 17, 2017. Iraq has assured OPEC it will fully comply with an agreement to cut Continue Reading
A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive Continue Reading
The main rebel group in South Sudan is threatening to disrupt oil production in the country, a day after it released three foreign oil workers it kidnapped earlier in the Continue Reading
Venezuela’s opposition lawmakers said on Sunday they will push for the removal of Supreme Court judges whom they accuse of acting on behalf of the ruling Socialists after the top Continue Reading
The Venezuelan Supreme Court may have amended part of its explosive decision to take over the opposition-led congress, but it still gives embattled leftist President Nicolas Maduro broad new powers Continue Reading
China’s environmental inspectors intensified pollution checks around Beijing as a new round of smog hit the region. The new round of air pollution will continue in the Beijing-Tianjin-Hebei region between Continue Reading
NAmerico Partners LP is proposing a multibillion-dollar pipeline to ferry natural gas from fast-growing fields in West Texas to the Gulf Coast, the company said on Monday, angling to match Continue Reading
Tesla Inc. on Sunday said its global sales rose 69% in the first quarter, its best quarter of sales yet, putting the auto maker on a path to meet its Continue Reading
To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics. “The Continue Reading
Want to protect Pennsylvania’s environment and strengthen its economy? Build more pipelines. Despite the emotion-filled protests charging that pipelines will doom our future — including a group of environmentalists who Continue Reading
BP Plc agreed to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, to Ineos AG for $250 million. Ineos will Continue Reading
Russia cut its crude production in March, moving closer to fulfilling its agreement with OPEC as the deadline approaches. Production of crude and condensate fell to 11.05 million barrels a Continue Reading
Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Continue Reading
U.S. oil prices rose Friday, completing their biggest weekly gains in four months as traders and analysts say the market may have hit a turning point that puts oversupply into Continue Reading
The U.S. gas market is looking a little tight despite another record warm winter that limited heating demand. Growing structural consumption from electric power producers as well as increasing exports Continue Reading
Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. Continue Reading
WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels on Continue Reading
A ruling this week by Venezuela’s Supreme Court stripping the nation’s legislative branch of all authority — and vesting that power in the court itself — moves a country already Continue Reading
The sight of Venezuela’s National Assembly president tearing up a Supreme Court ruling and warning foreign firms against making deals with the leftist government will no doubt resonate in international Continue Reading
Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a Continue Reading
Latin American dictators once sent in tanks and soldiers. This week, Venezuela’s socialist president Nicolás Maduro dispatched judges. The motivation, in part, is money. The result, however, is the same: Continue Reading
A discovery ff oil by Exxon Mobil off the coast of Guyana suggests the country is emerging as the sector’s next major hot spot, a regional player said. Exxon announced Continue Reading
Oman has struck a deal with several banks for a $4 billion loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with commodity trading giant Vitol Continue Reading
Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries. That’s the message from the National Hydrocarbons Commission, which said Friday Continue Reading
Prospects for expanding the footprint in emerging oil basins off the Senegalese and Gambian coasts has increased through a Chinese partnership, FAR Ltd. said. FAR Ltd., an Australian company with Continue Reading
Glencore PLC, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for $775 million in cash to Continue Reading
U.S. drillers added oil rigs for an 11th week in a row in the best quarter for boosting the rig count since the second quarter of 2011, as a ten-month Continue Reading
U.S. natural gas output in the lower 48 states declined for a second month in a row to 78.3 billion cubic feet per day (bcfd) in January, the U.S. Energy Continue Reading
Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Continue Reading
After wildfires last year hobbled Alberta’s oil sector, the provincial government said Friday marks the start of enforcement of new protection regulations. Alberta lies at the center of Canada’s oil Continue Reading
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 25, 2015, according to Baker Hughes ’ latest report on domestic Continue Reading
U.S. crude output rose in January, increasing at the same time as OPEC producers began to trim output as part of a pact to reduce a global supply overhang, the Continue Reading
Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of Continue Reading
U.S. drillers added oil rigs for an 11th week in a row in the best quarter for boosting the rig count since the second quarter of 2011, as a ten-month Continue Reading
For the 11th week in a row, the number of US oil rigs rose ( up 10 to 662 – the highest since September 2015 ). US Crude production continues Continue Reading
Russia’s economy returned to growth at the end of 2016, turning the page on seven consecutive quarters of contraction that laid waste to the middle class after oil prices crashed. Continue Reading
This small port town offers a textbook case of how Russian President Vladimir Putin has thwarted U.S. and European efforts to rein in Moscow’s most powerful source of leverage and Continue Reading
