Earth to warm 3.6 degrees by end of century
By the end of the century, the global temperature is likely to rise more than 3.6 degrees. This rise in temperature is the ominous conclusion reached by two studies using Continue Reading
Can OPEC Boost Compliance Back To 100%?
A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to Continue Reading
Waning OPEC Compliance Threatens Oil Price Rally
Analysts cut yet again—for a sixth consecutive month—their oil price forecasts for 2017 and 2018, as the slower-than-expected rate of oil market rebalancing puts an increasing amount of pressure on Continue Reading
OPEC’s Existential Sucker Punch
You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market Continue Reading
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds. LONDON, July 31 (Reuters) – OPEC oil output has risen Continue Reading
OPEC oil output jumps to 2017 high on further Libya recovery
LONDON (Reuters) – OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in Continue Reading
Oil’s rally caught between future of Venezuelan oil, OPEC compliance
Crude oil prices dipped early Monday after posting new highs for the second half, but the situation in Venezuela, an OPEC member, could erase the decline. The U.S. government could Continue Reading
Baghdad pursues Kirkuk-Iran pipeline
After voicing opposition to the KRG’s independence referendum, Iran contemplates a deal that could shift the balance of power in Iraq’s disputes over territory and oil. Iraqi Oil Minister Jabbar Continue Reading
U.S. targets Venezuelan President Maduro for sanctions
The U.S. government will designate Venezuelan President Nicolas Maduro on Monday for sanctions for undermining democracy, in response to Sunday’s election of a legislative superbody that Washington denounced as a Continue Reading
Oil markets brace for possible U.S. sanctions on Venezuela
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela’s vital oil sector on Monday after Sunday’s election in the struggling country was deemed a “sham” by Continue Reading
Oil markets brace for possible U.S. sanctions on Venezuela
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela’s vital oil sector on Monday after Sunday’s election in the struggling country was deemed a “sham” by Continue Reading
U.S. Freezes Assets of Venezuelan President Nicolás Maduro
The U.S. imposed sanctions against Venezuelan President Nicolás Maduro on Monday, saying his government abused human rights and organized an illegitimate vote designed to advance an authoritarian regime, as the Continue Reading
As Maduro takes Venezuela into uncharted waters, the opposition has few options
The Trump administration on Monday imposed sanctions on President Nicolás Maduro, after an election that critics called a tipping point toward dictatorship. But even with international pressure building and Venezuela’s Continue Reading
Sanctions On Venezuela Could Push Oil Into The Mid-$50s
In response to Venezuela’s controversial vote on Sunday, a move which could dramatically increase the power of President Nicolas Maduro and grant his government the ability to re-write the constitution, Continue Reading
Vice premier urges efforts on air pollution control in north China
Chinese Vice Premier Zhang Gaoli attends a meeting on air pollution control in the Beijing-Tianjin-Hebei region and other nearby areas in north China, in Beijing, capital of China, July 31, Continue Reading
Asia traders consider sending diesel, jet fuel to Europe after Dutch refinery fire
Traders in Asia are considering shipping diesel and jet fuel to Europe after a fire at that region’s largest oil refinery disrupted supplies and boosted fuel margins, five traders and Continue Reading
Panel beaters: Australia utilities branch out as customers shift to solar
Australia’s power utilities and grid operators, under threat from the world’s fastest take-up of home solar panels, are rushing to come up with ways to stay relevant and protect long-term Continue Reading
U.S. crude production in May hit 16-month high on Texas increase
U.S. crude output rose to the highest level in more than a year, boosted by gains in Texas and the offshore Gulf of Mexico, the Energy Information Administration said in Continue Reading
Tesla Batteries May Back Up Wind Farm Off Massachusetts Coast
Deepwater Wind LLC is proposing to pair Tesla Inc. batteries with massive offshore wind turbines as part of a bid to supply the state of Massachusetts with clean energy generated at sea. The Continue Reading
Shale Drillers Aren’t As Safe As You May Think
It’s been the main headwind for OPEC’s oil output cut deal. Rising shale oil production in the U.S. has been making headlines for almost a year now. While initially the Continue Reading
Alphabet’s Secret Lab Develops Competitor For Lithium-Ion Battery
A decade ago, this lab made headlines for its driverless car. Now the lab’s leaders claim its Malta project could store energy anywhere around the world, while boasting a longer Continue Reading
Will Sanctions On Russia Push The EU To US Energy?
We just need the smoke to settle, first. It brings me back to just a few years ago, when I found myself in the middle of a political tiff between Continue Reading