U.S. crude oil stocks last week fell for an eighth consecutive week to their lowest since January 2016, while gasoline stocks declined more than anticipated, the Energy Information Administration said Continue Reading
Storm threat sends cotton futures higher on Wednesday Anadarko has removed nonessential staff from platforms Harvey, which could strengthen into the first hurricane to strike Texas since 2008 this week, Continue Reading
U.S. crude oil refinery inputs averaged about 17.5 million barrels per day during the week ending August 18, 2017, 104,000 barrels per day less than the previous week’s average. Refineries Continue Reading
The Exxon Mobil refinery in Torrance, Calif. In a 1997 ad the company said, “We still don’t know what role man-made greenhouse gases might play in warming the planet.” Scrutiny Continue Reading
Two Harvard University researchers said in a study published on Wednesday they had collected scientific data proving Exxon Mobil Corp ( XOM.N ) made “explicit factual misrepresentations” in newspaper ads Continue Reading
U.S. Energy Information Administration, based on National Weather Service and National Centers for Environmental Information Multiple record-breaking heat waves swept across the western United States this summer, with the latest Continue Reading
Following an executive order from U.S. Secretary of the Interior Ryan Zinke, the U.S. Geological Survey (USGS) is in the process of generating updated assessments of the oil and gas Continue Reading
A widely anticipated federal report suggests minor market reforms can help ensure a reliable electric power grid and shies away from handouts to struggling coal and nuclear-power producers. The Energy Continue Reading
Progressives once hailed natural gas as a “transition fuel” to renewables like solar and wind, but now they are waging a campaign to “keep it in the ground.” New York Continue Reading
The world’s biggest oil producers are starting to take electric vehicles seriously as a long-term threat, Bloomberg noted in July. OPEC quintupled its forecast for sales of plug-in EVs, and Continue Reading
Following my previous article — Peak Demand? No, A New Gasoline Demand Record — I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that Continue Reading
Summary Because peak oil demand theory has become self-evident truth, it is hard to even suggest at this point that the theory might be wrong, even when backed by solid Continue Reading
Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry. Brent crude futures, LCOc1 the Continue Reading
Cushing inventories were also down 462,000 barrels, for the week ended August 18. Gasoline inventories rose significantly, up 1.402 million barrels, while distillates were up 2.048 million barrels. At 4:42 Continue Reading
The EIA included the Anadarko Region in its Drilling Productivity Report for the first time, a sign that the Oklahoma area is gaining importance for oil and gas exploration. • Continue Reading
It has been two months since Prince Mohammed Bin Salman’s ascendance to the role of heir to the Saudi Arabian throne, and the preliminary effects of his aggressive economic diversification Continue Reading
Turkish Foreign Minister Mevlut Cavusoglu speaks during a news conference at the European Commission in Brussels, Belgium July 25, 2017. ANKARA (Reuters) – Turkish Foreign Minister Mevlut Cavusoglu said on Continue Reading
In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the Continue Reading
Melbana Energy, one of the few companies working in Cuba, said it started the preliminary work necessary to clear a site for eventual production. Melbana, which has headquarters in Australia, Continue Reading
India, one of the world’s fastest growing economies, could offset the strains of development through low-carbon efforts, an international energy report found. A report on India’s energy sector from the Continue Reading
The Trump administration on Tuesday announced new sanctions in response to North Korean nuclear and ballistic missile tests, including penalties aimed at shutting down coal and oil flows into and Continue Reading
Waves triggered by Typhoon Hato are seen in Hong Kong, China August 23, 2017. HONG KONG (Reuters) – Typhoon Hato, a maximum category 10 storm, slammed into Hong Kong on Continue Reading
China’s trade with North Korea fell in July from a month earlier, data showed on Wednesday, as a ban on coal purchases from its isolated neighbor slowed imports amid growing Continue Reading
Russia held its spot as China’s top crude oil supplier for a fifth month in a row in July, with shipments up 54 percent over a year earlier, data showed Continue Reading
The Anadarko shale region, located mostly in Oklahoma, has seen a sharp increase in investment and drilling activity in recent years. The expanding presence of shale players in the Anadarko Continue Reading
Since a pro-oil administration entered the White House, the oil industry lobby has praised the ‘America-First’ energy strategy, while proponents of cleaner energy have been arguing that the U.S. needs Continue Reading
The gap between the two most important oil benchmarks has widened recently, a symptom of the shifting oil supply/demand dynamics between the U.S. and the rest of the world. For Continue Reading
A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in Continue Reading
Remnants of Harvey could reform in southern Gulf of Mexico Flooding rains threaten Gulf Coast from Mexico to Louisiana The prospect of Tropical Storm Harvey reforming and taking aim at Continue Reading
Chevron Corp. CVX 0.55% Chief Executive John Watson is planning to step down as the energy giant seeks new leadership for a changing oil world, according to people familiar with the matter. The transition Continue Reading
The state economy for Texas is capitalizing on cross-border movements of natural gas to Mexico, a director at a state energy regulator said. Texas Secretary of State Rolando Pablos served Continue Reading
Monday’s solar eclipse had no major impact on electricity demand in affected areas of the United States, according to grid operators and utilities, many of which had lined up alternative Continue Reading
U.S. to ship coal from Pennsylvania to Ukraine as part of an energy security strategy. The first-ever U.S. shipment will arrive at a Ukrainian port in September. Photo by Debbie Continue Reading
French oil major Total ( TOTF.PA ) has overtaken rival Royal Dutch Shell ( RDSa.L ) to become the second-largest producer in the North Sea with its acquisition of Maersk’s Continue Reading
Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude futures, LCOc1 the international benchmark for oil prices, were at Continue Reading
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be Continue Reading
Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the Continue Reading
OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait’s oil minister Essam al-Marzouq told Kuwait TV on Monday. “At our next meeting at Continue Reading
OPEC looks forward to a durable and constructive relationship with member state Iran, its secretary general told the country’s reappointed oil minister, Bijan Zanganeh. The Iranian parliament during the weekend Continue Reading
The shutdown of Libya’s Sharara oilfield, the country’s largest field, has once again shown that expected production growth of several OPEC countries should not be taken for granted. Even though Continue Reading
In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra Continue Reading
Despite the torrent of reports attesting to the non-impact of the Saudi Arabia-led diplomatic boycott of Doha, new estimates by Bloomberg’s economic survey predict that 2017 will be Qatar’s slowest Continue Reading
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized. On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story Continue Reading
Last year, Brazilian construction firm Odebrecht and affiliated petrochemical company Braskem pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of Continue Reading
BHP tripled its final dividend to $0.43 a share, also below expectations, but pleased shareholders with a focus on reducing net debt, which was cut by nearly $10 billion. “Net Continue Reading
Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are Continue Reading
The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had Continue Reading
Activist investors scored a victory after BHP Billiton Ltd. BHP 1.26% said it was looking to sell its onshore U.S. oil-and-gas operations . The Melbourne-based company, the world’s largest listed Continue Reading
A recent output disruption at Mexico’s largest refinery may have contributed to Colonial Pipeline’s June decision to cancel some shipping on its gasoline-only Line 1, USGC gasoline market sources have Continue Reading
Canadian oil sands producers such as Cenovus and MEG Energy impressed investors in the second quarter as prices of heavy crude rose, but those gains are expected to be short-lived. Continue Reading
