World’s Biggest Oil Traders Zero In On Shale Hot Spots
U.S. shale oil is in the spotlight once again, this time not as a deterrent to a price improvement, but as the future of the global oil industry. It’s just Continue Reading
Coal projected to be US’ top generating fuel in 2017: EIA
Coal is projected to provide the majority of US power generation in 2017, retaking the crown from natural gas, according to the US Energy Information Administration’s monthly Short Term Energy Continue Reading
Energy jobs on the decline, but not production, IEA finds
Technological advances have led to declines in labor tied to oil and gas with only small impacts on production, the International Energy Agency said. A report from the IEA on Continue Reading
Oklahoma says economic recovery under oil price pressure
The state economy in Oklahoma has recovered from recession, though momentum could be hindered by lower oil prices, the state treasurer said. Oklahoma accounts for as much as 5 percent Continue Reading
EPA chief wants scientists to debate climate on TV
The U.S. Environmental Protection Agency is in the early stages of launching a debate about climate change that could air on television – challenging scientists to prove the widespread view Continue Reading
Fusion energy pushed back beyond 2050
We will have to wait until the second half of the century for fusion reactors to start generating electricity, experts have announced. A new version of a European “road map” Continue Reading
Oil Prices Fall, Shrugging Off Potential New Output Cuts
Oil prices pulled back Tuesday morning, despite ongoing talk of possible production curbs in Libya and Nigeria and news of shrinking U.S. stockpiles. Brent crude, the global benchmark, fell 0.5%, Continue Reading
Oil rises on firm short-term demand outlook; overall market still weak
Oil prices edged up early on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample Continue Reading
NYMEX August gas settles higher as weather outlooks turn bullish
NYMEX August natural gas futures rose Monday as warmer-than-average temperatures are expected for the US, a change from last week’s cooler-than-average forecast. The August contract settled at $2.929/MMBtu, up 6.5 Continue Reading
Good News Can’t Stop Oil’s Bad Mood as Short-Sellers Rule – Bloomberg
Even good news can do little to dispel the prevailing pessimism in the oil market. Hedge funds paused a swift increase last month in wagers on declining West Texas Intermediate crude Continue Reading