U.S. solar power gaining momentum
Solar power in the United States is gaining momentum that’s independent of partisan issues in Washington, the head of an industry trade group said. A report published Thursday by the Continue Reading
U.S. rig count doubled from last year
The number of rigs targeting oil and gas reserves in the United States in May was double the level from last year, Baker Hughes reported. Rig counts serve as a Continue Reading
Canada’s Oil Sands Open Up To Chinese Investment
Canada is inviting Chinese companies to invest in its oil sands, Canada’s Natural Resources Minister Jim Carr said on Thursday, after an exodus in the past few months saw international Continue Reading
Summary of Weekly Petroleum Data for the Week Ending June 2, 2017
U.S. crude oil refinery inputs averaged over 17.2 million barrels per day during the week ending June 2, 2017, 283,000 barrels per day less than the previous week’s average. Refineries Continue Reading
The Next Big U.S. Shale Play
Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the Continue Reading
US LNG cargoes arrive in Poland, Netherlands, first into northern Europe
* Cargoes are first ever shipments into northern Europe * Dutch cargo seen as Statoil replacement, PGNiG’s spot deal * Not necessarily sign of wave of US LNG coming to Continue Reading
Oil eases on oversupply, but Mideast tension and falling U.S. stocks support
Oil prices dipped on Wednesday, with Brent crude futures failing to find support at $50 per barrel, as global fuel markets remained oversupplied, although rising tension in the Middle East Continue Reading
Bearish News Mounts For Oil Markets
The 9-month extension to the OPEC deal has had a surprisingly negative impact on oil prices, which headed downward once again at the start of the week due to the Continue Reading
Oil Rises as U.S. Crude Inventories Seen Dropping for Ninth Week
U.S. supplies likely fell by 3.25 million barrels last week Saudi-Qatar dispute seen having limited impact on crude supply Oil rose as U.S. crude stockpiles are seen falling for a Continue Reading
Is $75 Oil Still Possible?
More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by Societe Generale and RBC Capital Continue Reading