China’s Crude Oil Output Lowest Since 2011
According to the statistics figures, as reported by Reuters , China’s crude output level was 3.83 million bpd in May, down by 3.7 percent year on year, to the lowest Continue Reading
Summary of Weekly Petroleum Data for the Week Ending June 9, 2017
U.S. crude oil refinery inputs averaged about 17.3 million barrels per day during the week ending June 9, 2017, 29,000 barrels per day more than the previous week’s average. Refineries Continue Reading
Shale Drillers Digging Themselves a Hole as Oil Breaches $45
U.S. shale is coming perilously close to puncturing its own rally. Just months after predicting double-digit production increases, largely based on crude prices sitting between $55 and $60 a barrel, Continue Reading
Shale Efficiency Has Peaked… For Now
Learning takes time and effort. But a good education pays off. North America’s oil industry has been in school for the past three years, studying how to become more productive Continue Reading
BTrump administration to delay another Obama-era methane rule
The Trump administration will postpone industry compliance with an Obama-era rule limiting methane emissions from oil and gas wells on federal lands. An effort by congressional Republicans to repeal the Continue Reading
The Fourth Industrial Revolution Is Fueled By Oil
Artificial intelligence is already here, with algorithms replacing traders on Wall Street and tanker watchers in ports. Robots are here, too, drilling wells and cleaning pipelines, assembling cars, and performing Continue Reading
We are on a collision course between the demands of rising populations and the ability of our food resources to sustain themselves – and nitrogen use is the fault line
Humanity is facing an unprecedented dilemma — how to feed a burgeoning population while resources decline and the ability of the Earth’s ecosystems and atmosphere to absorb pollution diminishes. A Continue Reading
Oil prices fall on OPEC output increase, rising U.S. crude stocks
Workers clamp together pieces of pipe while drilling an oil well near Fort Stockton, Texas, U.S., May 4, 2017. Oil prices fell on Wednesday after data showed a build in Continue Reading
Oil Closes Above $46 as Focus Shifts to U.S. Supply Drop
U.S. crude inventories forecast to drop 2.4 million barrels OPEC’s production climbed by 336,100 barrels a day in May Oil rebounded after dipping below $46 a barrel as estimates that Continue Reading
These Five Charts Show the Seismic Shifts Happening in Global Energy
BP Plc has published is Statistical Review of World Energy for 66 years. This year’s data laid open the accelerating shifts in global patterns of energy production and consumption as Continue Reading