Rainwater from Hurricane Harvey surrounds oil refinery storage tanks in Texas City, Texas. Tropical storm Harvey’s crippling of Gulf Coast refineries, ports and pipelines is being felt across the country Continue Reading
Tropical Storm Harvey’s effect on the energy industry has spread beyond flooded U.S. refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world Continue Reading
Gasoline prices hit $2 a gallon for the first time since 2015 on Thursday as flooding from tropical storm Harvey knocked out almost a quarter of U.S. refineries, while crude Continue Reading
By settling with Dana Gas and partners, the Kurdistan region avoids tens of billions of dollars of potential liability and commissions massive new gas production within two years. A flare Continue Reading
Site of an oil field is seen at sunset in Karamay, Xinjiang Uighur Autonomous Region, China, May 7, 2017. Picture taken May 7, 2017. Stringer BEIJING/SINGAPORE (Reuters) – China’s state-owned Continue Reading
2016 BYD Tang plug-in hybrid SUV, made in China Hard numbers provide the latest evidence that shows China is by far the world’s largest market for plug-in cars—or new energy Continue Reading
A crude oil storage tank at Kinder Morgan’s Trans Mountain Pipeline terminal is seen in Kamloops, British Columbia, Canada November 15, 2016. Chris Helgren CALGARY, Alberta (Reuters) – A Canadian Continue Reading
Amid the shutdown of 20 percent of U.S. refining capacity caused by Hurricane Harvey and the pending shutdown of more refineries as the storm moves on to Louisiana, the EIA’s Continue Reading
US Gulf Coast oil refinery outages and port closures are increasing, according to a Wednesday midday ET report by S&P Global Platts, the leading independent provider of information and benchmark Continue Reading
The heart of the US energy industry suffers further damage and supply constraints could last for weeks. HOUSTON, Aug 30 (Reuters) – Tropical Storm Harvey inflicted more damage on the Continue Reading
The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That Continue Reading
ExxonMobil’s deliberate attempts to sow doubt on the reality and urgency of climate change and their donations to front groups to disseminate false information about climate change have been public Continue Reading
Oil price agency S&P Global Platts is proposing to start price assessments for Iraqi Basrah Light and Basrah Heavy crude oil cargoes on a free-on-board (FOB) Basrah basis from Nov. Continue Reading
If shale plays were people, everyone would be jealous of the Permian for getting all the attention. It is the leader in overall national oil output growth, and just last Continue Reading
Federal officials should release fuel from the Strategic Petroleum Reserve to prevent gas prices from rising in the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts told President Continue Reading
The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Continue Reading
Nuclear energy has been moving away from power-rich countries to nations bereft of diverse power generation opportunities, all the more so after the 2011 Fukushima disaster. Europe has been particularly Continue Reading
Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably Continue Reading
A company whose name stands for Danish Oil and Natural Gas is getting out of both businesses. Dong Energy AS DENERG -0.91% , Denmark’s majority state-owned energy company, is selling Continue Reading
Oil prices slid on Wednesday as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the most important feedstock for the petroleum industry. U.S. West Texas Continue Reading
Oil prices are poised to climb over the coming weeks as supply and demand approach parity, according to analysts who spoke to CNBC as the remnants of Hurricane Harvey continues Continue Reading
OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. (Bloomberg) — OPEC’s Continue Reading
Gulf OPEC members Saudi Arabia and Kuwait are unlikely to follow Iraq in a major shift in the way it prices its oil in Asia and will monitor Baghdad’s attempts Continue Reading
Saudi Arabia has shortlisted 25 companies that qualify to bid for proposals to build a 400-MW wind power plant in the northern part of the Kingdom, in what would be Continue Reading
The first successful project from Iraq’s third bidding round, in 2010, is on track to reach plateau production within five years. A worker at the Siba gas field on Aug. Continue Reading
Total’s study on the environmental impact of drilling in one of the Amazon’s basins hit a roadblock on Tuesday when Brazilian regulator Ibama said it rejects the validity of the Continue Reading
A few days ago, the White House authorized new sanctions against Venezuela – a country struggling under the burden of running a socialist government while the value of its main Continue Reading
Beijing announced its latest arranged marriage by matching the country’s top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China’s Valentine’s Continue Reading
The federal government is currently counting significant losses arising from demurrage paid by vessels which bring in imported petroleum products into the country. Available statistics shows that the country pays Continue Reading
Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply Continue Reading
Record oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency (IEA) said on Tuesday, adding that it could release emergency oil stocks Continue Reading
On a sparsely populated island off the coast of the northwestern United States, more than a hundred environmental activists gathered last weekend to practice seaborne drills to disrupt construction on Continue Reading
French energy services company TechnipFMC said it would work with Canadian company Husky Energy to develop the reserves off the eastern Canadian coast. TechnipFMC will supply and install some of Continue Reading
The Colonial Pipeline stretches 5,500 miles through 12 states, including the Pelham junction and tank farm in Pelham, Ala. Flooding in Texas has disrupted the flow of fuel on a Continue Reading
Tropical Storm Harvey , the most powerful storm to hit Texas in half a century, has shut a significant portion of the state’s shale production, cutting off as much as Continue Reading
Some coastal communities in the state are suing energy companies over rising sea levels. Coal producer Peabody Energy Corp. says its recent emergence from bankruptcy shields it from lawsuits brought Continue Reading
The ExxonMobil refinery in Baytown, Tex., in 2008. (Jessica Rinaldi/Reuters) ExxonMobil acknowledged Tuesday that Hurricane Harvey damaged two of its refineries, causing the release of hazardous pollutants. The acknowledgment, in Continue Reading
When the Wall Street Journal last week reported that Chevron’s chief executive John Watson would step down, the most likely replacement as a “new leadership for a changing oil world” Continue Reading
The mutual dependency of pipeline companies and refiners is being magnified as Tropical Storm Harvey takes its toll on the Gulf Coast, putting at risk the U.S. shale boom. With Continue Reading
What are the key assumptions for a ‘carbon-constrained scenario’? Electric vehicles (EV) constitute a very small share of all cars on the road worldwide. According to the International Energy Agency Continue Reading
SunFlyer is powered by lithium batteries and electric motor. It’s designed to be low-cost trainer. Our small electric plane, which uses light and powerful batteries and motors, is less costly Continue Reading
Meteorologists explain that Hurricane Harvey stalled off the Texas coast because two high-pressure atmospheric masses—huge bookends made out of air—have squeezed it in place, and there haven’t been any high-level Continue Reading
After years of steady decline in production and bottomed-out oil prices, Alaska is in a rough spot. They’re over a billion dollars in debt, in large part thanks to unfulfilled Continue Reading
Nordic investors rejected on Tuesday allegations in a lawsuit by the operator of Dakota Access Pipeline (DAPL) that they divested from the project due to pressure from Greenpeace and other Continue Reading
The Russian economy contracted last month because of pressure in some of the non-oil sectors, a report from the Economic Development Ministry found. The ministry reported growth in gross domestic Continue Reading
The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets. Continue Reading
It’s crucial to predicting where oil prices are headed. Whenever this number is high, oil prices tend to surge. And it’s not been this high in two years… Why Brent Continue Reading
Canadian heavy crude differentials widened on Monday in quiet trade as some market players anticipated refinery shutdowns in the storm-hit U.S. Gulf Coast region backing up crude supplies in Canada. Continue Reading
The International Energy Agency said on Monday that there was no need for now to release fuel from emergency stockpiles to compensate for disruption caused by Hurricane Harvey because global Continue Reading
On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% Continue Reading
