Have Natural Gas Prices Hit A Bottom?
Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this Continue Reading
Rampaging Oil Bears Are Missing Half the Picture
It’s official—oil is in a bear market following Tuesday’s 2% fall, taking prices 21% below late-winter highs. The Organization of the Petroleum Exporting Countries’ high hopes for crude have been Continue Reading
OPEC, non-OPEC compliance with oil cuts hits highest in May – source
OPEC and non-OPEC oil producers’ compliance with a deal to cut global output has reached its highest in May since they agreed on the curbs last year, reaching 106 percent Continue Reading
Libya reviews oil production stimulus with Norway’s Statoil
After resolving issues with German energy company Wintershall, Libya’s state oil company said it reviewed raising production during talks with Norway’s Statoil. The Libyan National Oil Co. signed an agreement Continue Reading
Total Pledges $1 Billion Investment in Iran Gas Field
France’s Total SA said Tuesday it would push forward with a $1 billion investment this summer in a giant Iranian gas field, the first commitment by a Western company to Continue Reading
Saudis Overtake U.S. In Recoverable Oil Resources
Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant Continue Reading
In Hawija, IS poses ongoing threat to oil assets
The self-proclaimed Islamic State’s (IS) longstanding hold over Hawija, west of Kirkuk, is posing an ongoing security threat to the Bai Hassan oil field. IS militants in Hawija have been Continue Reading
Saudi Arabia’s Mohammed bin Salman appointed Crown Prince: SPA
Saudi Crown Prince Mohammed bin Nayef has been relieved of his post and replaced by Deputy Crown Prince Mohammed bin Salman, a royal decree published by state news agency SPA Continue Reading
Saudi King Salman Ousts Nephew as Crown Prince, Installs Son
Saudi Arabia’s King Salman named his son as the country’s new crown prince, the country’s state news agency said Wednesday, a move that carries far-reaching implications for the monarchy and Continue Reading
Why Is Saudi Arabia Desperate For Higher Oil Prices?
As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the Continue Reading
Who Controls The Oil As Kurdish Independence Looms?
Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it Continue Reading
Venezuelan crisis takes center stage at OAS meeting in Mexico
Governments from across the Americas on Tuesday chastised Venezuela’s socialist leadership for its handling of a political and economic crisis, prompting the OPEC nation’s foreign minister to brand the critics Continue Reading
Wind, solar energy have not harmed U.S. power grid: industry study
With the Trump administration expected to publish an analysis that could undermine the U.S. wind and solar industries, two renewable energy lobbying groups on Tuesday released their own study saying Continue Reading
U.S. refineries are running at record-high levels
Refinery gross inputs include crude oil and other oils processed through crude distillation units. Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high Continue Reading
Gulf of Mexico Storm Cindy Disrupts Shipping, Crude Imports
Cindy could delay oil imports, exports through the week Storm to approach Louisiana, Texas coastline late Wednesday Tropical Storm Cindy has halted service at a major oil terminal in the Continue Reading
America’s hungriest wind and solar power users: big companies
FILE PHOTO: A man views solar panels on a roof at Google headquarters in Mountain View, California, U.S., on June 18, 2007. REUTERS/Kimberly White/File Photo Major U.S. corporations such as Continue Reading
Frackers Collide With Traditional Oil Drillers
Supersized new oil wells are sometimes running into existing wells, a little-noticed consequence of the shale boom that has started to trigger complaints and lawsuits. The emerging problem is known Continue Reading
Three Mile Island is the Latest Nuclear Power Plant to Announce Retirement Plans
Source: U.S. Energy Information Administration, Nuclear power plant data , Nuclear Regulatory Commission, and IAEA Power Reactor Information System At the end of May, Exelon, the owner of the Three Continue Reading
OECD: Air pollution, urbanization offsetting gains in renewables
Air pollution remains high globally and urban areas are expanding, showing a more comprehensive effort is needed on the environmental front, the OECD said. “While there are signs of greening Continue Reading
From Middle East to Argentina, France’s Total bets on cheap resources
As the world witnesses spectacular growth in oil and gas production from the U.S. shale deposits, the boss of French energy giant Total paradoxically says this is one area where Continue Reading
Oil Trades Near $45 as U.S. Continues Drilling Expansion
Rigs targeting crude in America climb for a 22nd straight week Demand to rise during third quarter, United Arab Emirates says Oil traded near $45 a barrel following a fourth Continue Reading
Oil Turns Lower as Inventory Glut Continues to Pressure Market
Oil prices turned lower Monday, failing to hold on to earlier gains as the stubborn glut of oil in storage continued to weigh on the market. U.S. crude futures settled Continue Reading
Three Years On, Oil Industry Comes to Terms With Cheap Crude
Three years after the price of crude began its rapid descent, the oil industry and investors are finally resigned to the idea of lower prices for longer, potentially ending a Continue Reading
Analyst: Expect $30 Oil In 2018 Unless OPEC Deepens Cuts
Oil prices could plunge to US$30 a barrel in 2018 and maintain that low price for some two years, if OPEC fails to make steeper output cuts, Fereidun Fesharaki, chairman Continue Reading
Oil Markets Unmoved By Brewing Conflict In The Middle East
The political standoff in the Middle East between Qatar and other powers in the Middle East enters its third week, and the conflict shows no signs of abating. On June Continue Reading
World Bank: Middle East conflicts impede climate and other objectives
Jordan one of the early movers on climate initiatives, though a World Bank report finds some regional crises are working against national efforts. File photo by Stephen Shaver/UPI. June 19 Continue Reading
Iran expects contract developments with French major Total
Iran is in the final stages of signing agreements with French energy company Total to develop parts of the giant South Pars field, Iran’s energy minister said. The French energy Continue Reading
Libya Oil Output Hits 885,000 Bpd
Libya is producing 885,000 barrels of crude oil daily after last week it reached an agreement with German Wintershall that will see the latter restart production at fields with a Continue Reading
Saudis Foil Attack By Unknown Enemy On Offshore Oil Field
After last week’s attack on several vessels in the Bab Al Mandab, Middle East offshore oil operations again have been hit. According to Saudi Arabia’s national news agency SPA an Continue Reading
Oil market fundamentals heading in right direction – Saudi’s Falih
File Photo – Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Saudi Energy Minister Khalid al-Falih said the Continue Reading
Mexico Awards 10 of 15 Blocks in Oil Auction
Mexico awarded 10 blocks of oil and gas for exploration and development to bidders from 10 different countries, including some of the world’s major oil companies, at an auction in Continue Reading
China Issues Second Batch Of Oil Import Quotas For 2017
China has allowed a second batch of crude oil import quotas for independent refiners and some state-held companies for 2017, setting full-year quotas at a total of 91.73 million tons, Continue Reading
GAC Motor targeting 1M unit sales by 2020, 20% new energy vehicles; entering US market by 2019; transition to electric “may be quite long”
GAC Motor was one of the few automakers, and the only Chinese auto brand, to take the main stage at last week’s Michelin Movin’On 2017 global sustainable mobility summit in Continue Reading
Tesla Said Close to Agreeing on Plan for China Production
Local plant would allow automaker to bypass 25% import tariff Tesla’s China revenue tripled to more than $1 billion in 2016 Tesla Inc. is close to an agreement to produce Continue Reading
A Newcomer’s Guide to Oil and Gas: The Upstream Zoo
Here’s a breakdown of some of the “critters” you can find on a drilling rig. Drilling rigs are sophisticated machines – so sophisticated that some of them can even “walk.” Continue Reading
Too hot to handle: Study shows Earth’s killer heat worsens
Killer heat is getting worse, a new study shows. Deadly heat waves like the one now broiling the American West are bigger killers than previously thought and they are going Continue Reading
Coal’s Decline Spreads Far Beyond Appalachia
Far from the mines of Appalachia, the decline of coal is hitting communities that relied on coal-fired power plants for jobs and income. During the past five years, roughly 350 Continue Reading
As Natural Gas Gains, a Taxed Grid Raises Alarm
Natural gas has become the trendy power-plant fuel in New England so quickly that it concerns the grid operator charged with keeping the region’s lights on. On the coldest days, Continue Reading
Methane Reduction Plan Could Seriously Harm Canadian Oil & Gas
The old saying goes, “ The road to hell is paved with good intentions”. And so it goes for the myriad of new regulations, taxes and restrictions forced upon the Continue Reading
Big Oil Steps Up Support for Carbon Tax
Some of the world’s largest oil companies and the country’s biggest auto maker are joining a group pushing the U.S. government to tax carbon in an effort to slow climate Continue Reading
Shale-Related Seismic Activity Rises In Texas, Report
Oklahoma is the state that springs to mind whenever earthquakes and oil are mentioned in the same sentence, but a fresh report from the Academy of Medicine, Engineering and Science Continue Reading
What’s Wrong With The U.S. Oil Export Boom
The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “ Lessons of the Energy Export Boom ” proclaimed that the United States is becoming the oil and Continue Reading
Inside The World’s Most Sophisticated Refining Industry
Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part Continue Reading
Switching From Coal To Solar Could Save 50,000 Lives
Replacing coal-fired power plants with solar power installations could save as many as 51,999 lives every year, a study from the Michigan Technological University has found. This is the number Continue Reading
ExxonMobil Announces Breakthrough In Renewable Energy
Synthetic Genomics and ExxonMobil’s partnership bore fruit on Monday, said a press release that announced the development of a modified algae strain that could push algae-based energy closer to being Continue Reading
U.S. Supreme Court Backs Chevron In $9B Ecuador Pollution Case
The U.S. Supreme Court on Monday denied to hear an appeal by an American lawyer to try to collect US$8.65 billion in pollution damages from Chevron, handing a victory to Continue Reading
Fattened, Genetically Engineered Algae Might Fuel the Future
The future of fuel is green, slimy, and reeks of fish. “Fish smell like fish because fish eat algae,” says Imad Ajjawi, a geneticist at the synbio company Synthetic Genomics Continue Reading
Woodmac: Only the ‘Very Best’ Projects Sanctioned
Only the very best deepwater projects have been sanctioned during the oil price downturn, which speaks volumes of the Liza field’s potential. Only the very best deepwater projects have been Continue Reading
Russia claims new oil field discovered in the Arctic
Preliminary data indicate a new oil field has been discovered in an area said to hold at least a dozen promising reservoirs, Russian oil company Rosneft said. Rosneft said three Continue Reading
British North Sea target of new drilling plans
New drilling planned for the British waters of the North Sea by early 2018. The focus area is in a region targeted for development by British energy company BP. Photo Continue Reading