Proponents of a new strain of the always-tiresome, never-correct “Peak Oil” theory have returned to the public discourse , this time with a new theory coming from the other side Continue Reading
U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million Continue Reading
An energy-dominant United States means the country is self-reliant and isolated from countries that aim to use energy as a weapon, the energy secretary said. U.S. President Donald Trump is Continue Reading
U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending June 23, 2017, 262,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading
Producers have little choice but to move those extra barrels by train, with costs two to three times higher than pipeline shipping. (Bloomberg) — Call it the pipeline pinch, or Continue Reading
Russian oil producer Rosneft, one of the first to admit its systems were hit by Tuesday’s cyberthreat, said production was unaffected by the attack. Rosneft said Wednesday its operations were Continue Reading
FILE PHOTO: A crew boat passes through Horns Rev 2, a wind farm off the west coast of Denmark near Esbjerg September 15, 2009. REUTERS/Bob Strong/File Photo Wind farm operators Continue Reading
Crude oil futures rose for a fourth consecutive session on Tuesday as investors covered short positions, though worries over a festering supply glut kept a lid on prices. U.S. West Continue Reading
Oil prices rose early on Monday on a weaker dollar, but increased U.S. drilling activity stoked worries that a global supply glut would persist despite efforts by some producers to Continue Reading
Hedge funds slashed their bets on the three main long oil futures contracts by 109 million barrels in the week that ended on June 20th, according to a new report Continue Reading
