The Miami area endured an absurd flooding event Tuesday afternoon
During the afternoon hours Tuesday, torrential rain drenched parts of Miami and Miami Beach. Four to seven inches of rain fell in a matter of a few hours before and Continue Reading
US coal prices could rally later this year if stockpiles continue declining
Coal markets are changing in ways no one could have imagined. To remain competitive, you need to know where coal markets stand. Get essential information for traders, risk managers, analysts Continue Reading
PSAC increases its Canadian drilling forecast for 2017
The Petroleum Services Association of Canada (PSAC) has updated its 2017 Canadian Drilling Activity Forecast to reflect an increase in its projected total number of wells to be drilled during the year Continue Reading
Summary of Weekly Petroleum Data for the Week Ending July 28, 2017
U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending July 28, 2017, 123,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
A Pod Races Through the Hyperloop for the First Time Ever
The future sounds a bit like a witch crying over a dead cat. That spooky wail is the sound hyperloop makes—at least, the version of the high-speed transportation system designed Continue Reading
Exclusive: Sanctions gap lets Western firms tap Russian frontier oil
A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining the broad aim of the measures, a Continue Reading
Russian oil producer highlights Asian reach
Russian oil producer Rosneft highlighted its focus on operations offshore Asia by boasting of its future exploration and production plans for Vietnam. The Vietnamese subsidiary said it was marking 15 Continue Reading
How Will The EU Respond To Fresh US Sanctions On Russia?
“Okay, you think we’re the bad guys, we’re going to be bad guys and we’ll see whether you like it or not” Konstatin Eggert, a political commentator, told The Washington Continue Reading
Russian gas pipelines to go ahead despite U.S. sanctions
New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped. U.S. President Donald Trump has Continue Reading
Army Research Lab discovers aluminum nanomaterial rapidly splits water on contact
Researchers at the US Army Research Laboratory (ARL) have discovered that a nano-galvanic aluminum-based powder of their design splits water on contact, producing hydrogen and oxygen. Scientists have known for Continue Reading
Oil prices fall on surprise rise in U.S. inventories, high OPEC output
Oil fell on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high supplies from producer club OPEC weighed on international prices. U.S. Continue Reading
Oil Slides as Industry Is Said to Report Unexpected Crude Build
Oil extended its slide below $50 a barrel after an industry report was said to show U.S. crude inventories unexpectedly jumped. Crude stockpiles climbed by 1.78 million barrels last week Continue Reading
Bulls Crushed As Oil Crashes Again
(Click to enlarge) (Click to enlarge) (Click to enlarge) Chart of the Week (Click to enlarge) • The EIA published a new report on global oil chokepoints, or narrow channels Continue Reading
Have Oil Majors Really Adapted To $50 Oil?
The oil majors, by and large, have posted dramatically better financial figures for the second quarter, a sign that their cost reduction efforts are bearing fruit. They are no longer Continue Reading
Kurdistan Claims Iraq-Iran Oil Pipeline Violates U.S. Sanctions
The autonomous Iraqi region of Kurdistan has not been informed of plans by the central government that Iraq and Iran agreed to study the potential construction of a pipeline that Continue Reading
Saudi Aramco IPO Pits London Against New York
Saudis soon to choose foreign bourse for top oil exporter Hong Kong, Tokyo, Singapore, Toronto also vying for giant IPO Saudi Arabia aims to sell about 5 percent of Saudi Continue Reading
OPEC’s ‘Catch-22’: How to Unwind Its Deal to Cut Oil Output
OPEC and other big oil producers are facing a new high-wire act: how to keep the oil market calm if they decide to lift their output curbs and ramp production Continue Reading
A reporter’s journey through Tripoli: Long lines, kidnappings and murder
The line at the bank was two blocks long and Abdul bin Naji was once again praying for the doors to open. He desperately needed his $60. With Libya in Continue Reading
Qatar Dispute Back To Square One
The four countries leading the boycott against Qatar are going back to their list of 13 demands for Doha to meet before talks can start, essentially reverting the Arab Gulf Continue Reading
Oil exports steady through July
Slight increase in independent KRG exports offsets small reduction in federal Iraqi exports. Loading arms at the terminal for Iraqi crude exports at the Turkish port of Ceyhan. (STAFF/Iraq Oil Continue Reading
Nigeria: Security Still a Challenge in Niger Delta – Shell
Shell Petroleum Development Company has disclosed that its operation is still threatened by insecurity in the Niger Delta. The company indicated in its latest report that crude oil theft, sabotage Continue Reading
Venezuela seizes opposition leaders Lopez, Ledezma from homes
Venezuelan security officials seized opposition leaders Leopoldo Lopez and Antonio Ledezma from their homes during nighttime raids on Tuesday, in what critics of President Nicolas Maduro said was a growing Continue Reading
U.S. insists all options are on the table with Venezuela
All options remain on the table for U.S. sanctions on Venezuela, including oil, though industry reports were mixed on the potential impact. Crude oil prices edged higher late last week Continue Reading
Ways the US can hit Venezuela oil with sanctions
Venezuela’s oil sector is at risk of US sanctions following President Nicolás Maduro’s decision to push ahead with an election for an all-powerful political assembly, which critics fear will snub Continue Reading
Nigeria: Government Vows to Halt Oil Production If Cost Remains High
International Oil Companies (IOCs) and their indigenous counterparts may soon be forced to halt operation, as the cost of producing a barrel of crude oil remains high. The Minister of Continue Reading
Nigeria: 3 Yrs of Low Oil Price and Nigeria’s Struggle for Survival
After trading at over U.S.$100 per barrel for some years, the price of oil began to tomble down around July, 2014, falling to below U.S.$30 per barrel. The collapse of Continue Reading
Against All Odds: The Return Of An Oil Giant
Only a year ago, the Brazilian state company Petrobras seemed a complete basket case, an exemplary case of how not to lead a company that is rich in both resources Continue Reading
Venezuelan oil supply to Phillips 66 falls amid quality issues
Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled Continue Reading
Tighter quotas to limit China’s gasoline, gasoil export growth
China’s gasoline and gasoil exports grew strongly in the first half but are unlikely to rise significantly in the second half of 2017 as Beijing is expected to squeeze the Continue Reading
Chinese renewable energy capacity growing rapidly
China is on pace to see its solar power capacity more than double by 2020 as component costs move lower, but at perhaps a cost, a sector analysis finds. Beijing Continue Reading
U.S. gas prices for August could be the highest for the year
Peak summer demand and declining levels of supplies, both domestic and foreign, mean spikes in the price of gas for U.S. consumers, market analyses find. Motor club AAA reports a Continue Reading
IMF: Auto industry facing EV learning curve
The automotive industry may have some retooling to do in order to keep pace with emerging trends for electric vehicles, the International Monetary Fund reported. File photo by Brian Kersey/UPI Continue Reading
Canadian oil struggling for world position
The Canadian oil sector should expect growth in exploration and production, but its place on the global stage is still uncertain, a trade group said. The National Energy Board said Continue Reading
Alphabet Sees Power in Molten Salt, a New Moonshot
Google parent Alphabet Inc. is pitching an idea to store power from renewable energy in tanks of molten salt and cold liquid, an example of the tech giant trying to Continue Reading
Drilling Consultant Believes Reported Layoff Numbers Too Low
The devastation in the form of industry job loss due to the downturn may be higher than reported, says a pair of industry professionals. The last time Rigzone reported global Continue Reading
Philadelphia oil refinery taps debt restructuring adviser
Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, has hired an investment bank to help tackle its debt burden, as it struggles with Continue Reading
Failing Nuclear Power Is Good For Coal, Bad For Earth
Scana Corp. announced Monday it will stop construction on a nuclear power plant in South Carolina—one of two in development in the U.S. Project costs ballooned in recent years, and Continue Reading
Did Google Just Tackle The Biggest Problem In Energy?
Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy—data from Bloomberg New Energy Finance reveals that Continue Reading
Fight Over Abandoned Oil Wells in Canada May Go to Top Court
A battle over whether energy-company creditors should help pay for cleaning up thousands of abandoned oil wells in Canada may be heading to the country’s Supreme Court. At the center Continue Reading
VW — Electric Cars
VW’s CEO Knows the Future Is Electric—His Company Isn’t So Sure Goldman Sachs’s 40% decline in fixed-income activity has rattled executives, sparking a charm offensive designed to showcase a more Continue Reading
Is Russia Poised To Own A Stake In U.S. Oil?
As the country’s economy continues to tank, Venezuela’s national oil company PDVSA is approaching the deadline for a $1.1bn note issue due in November, and there’s a pretty good chance Continue Reading
Russian Oil Output Down 307,600 Bpd
Russian oil output is down 307,600 barrels per day, compared to October levels, according to the country’s oil minister. “At the end of July 2017, the reduction of oil production Continue Reading
Europe’s Largest Oil Refinery Shuttered For Weeks
A Royal Dutch Shell refinery in Rotterdam will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend, according to Continue Reading
Refinery news: Shell Pernis fully halted, earliest restart H2 Aug
Europe’s biggest refinery, Pernis, is currently “out of order”, Shell said late Tuesday, adding that the power station where a fire started Saturday evening needs to be repaired before “the Continue Reading
Analysis: German wind, solar capacity hits 95 GW with 3.8 GW added in H1
Germany’s wind and solar portfolio now stands at 95 GW after 3.8 GW of new capacity was brought online in the first six months of 2017, an S&P Global Platts Continue Reading
This Oil Price Rally Has Reached Its Limit
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just Continue Reading
Oil rises on falling U.S. inventories, but high OPEC supplies still weigh
SINGAPORE (Reuters) – Oil rose on Tuesday, supported by strong U.S. fuel demand, but ongoing high supplies from producer club OPEC kept prices in check. U.S. West Texas Intermediate (WTI) Continue Reading
BP sees oil prices below $50 a barrel in 2018
BP expects global oil prices to hold within a range of $45-$50 a barrel next year as U.S. shale production grows, the British company’s chief financial officer said on Tuesday. Continue Reading
Oil Rises Above $50 as OPEC Trims Exports, Sets Meeting on Cuts
OPEC and non-OPEC producers to gather in Abu Dhabi next week Gasoline crack spread rises as Shell Pernis has units offline Oil closed above $50 a barrel in New York Continue Reading
Are Traders Overlooking The Real Oil Price Influencer?
Was the meeting between the OPEC and non-OPEC oil ministers in St Petersburg, Russia on 24 July a game changer or not? There were high hopes for additional production cuts, Continue Reading