U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners’ trade group, a Continue Reading
Oil markets were stable early on Monday, holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten with crude inventories down 13 Continue Reading
A terminal price decline in oil is inevitable. Trends in EV cost, ICE efficiency, and driverless cars will cripple oil demand. The price decline we have seen with coal — Continue Reading
Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Sunday. “Attracting foreign Continue Reading
Libya’s Sharara oilfield, the country’s largest, has been shut down since Saturday because of a pipeline blockade, industry sources and an engineer said. State-owned National Oil Corporation (NOC) declared force Continue Reading
Attackers opened fire with machine guns and a rocket-propelled grenade (RPG) near a gas-oil separation station at the Garraf oil field in southern Dhi Qar province Friday evening. The characteristics Continue Reading
Libya has also attracted Wintershall, Rosneft this year Nation is exempt from OPEC’s agreement to cut oil production Royal Dutch Shell Plc, the world’s largest oil trader, is said to Continue Reading
Iraq has informed its customers that it plans to change its price benchmark for Basra crude in Asia to DME Oman futures from January, the country’s latest move to reform Continue Reading
India’s Essar Group on Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between Continue Reading
How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth? Continue Reading
A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump Continue Reading
Platt’s recently reported that global offshore wind capacity could double to 34 GWs by 2020, growing at a compound rate of 19 percent per year. The rapid expansion would be Continue Reading
French oil company Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S’s oil unit for $4.95 billion, the latest sign activity is returning to the sector following a Continue Reading
Conventional drilling in old fields is starting to look more attractive as low crude prices make some fracking operations too expensive to pursue. Shown, an oil well outside Bakersfield, Calif. Continue Reading
Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell, Continue Reading
U.S. attempts to export natural gas into Europe’s energy market are facing stiff resistance from the region’s dominant player: Russia. A tanker is scheduled to arrive in Lithuania this week Continue Reading
-Global crude oil inventories are drawing rapidly. US crude supplies have dropped from 536m on in late March to 466m (a 20-month low) as of last week implying average daily Continue Reading
WTI barrels surge to levels not seen in more than a year Middle East, Latin American crudes also trading strongly The market for physical barrels of crude from places as Continue Reading
The number of active oil and gas rigs in the United States fell this week by 3 rigs as drillers in the United States proceed more cautiously as oil prices Continue Reading
Oil prices fell significantly this week, although they regained some ground on Friday. Reports of weak Chinese demand deflated the market, but a rather bullish EIA report, a weaker U.S. Continue Reading
The good news for oil bulls is that U.S. stockpiles of the stuff, while still bloated, are now firmly back inside the historical range. The bad news is that all Continue Reading
Iran is ready to swap 500,000 bpd of oil with its fellow Caspian Sea countries, Iranian Fars news agency reported on Friday, quoting a senior official. According to Hamid Hosseini, Continue Reading
The pro-government constitutional assembly loyal to Venezuelan President Nicolas Maduro seized the powers of the opposition-led congress today, in a move that necessarily has Big Oil nervous that Trump will Continue Reading
Venezuela’s new legislative superbody on Friday gave itself the power to pass laws, superseding the opposition-led congress and fueling criticism by government adversaries that socialist President Nicolas Maduro is consolidating Continue Reading
Venezuela ’s new Constituent Assembly granted itself wide powers to write and pass legislation on Friday, a move that essentially nullifies the opposition-led legislature and puts President Nicolás Maduro’s party Continue Reading
Venezuela’s alliance with Russia is “perfect,” the president of state oil company PDVSA said on Friday, blasting what he said was a U.S.-led attempt to sully the growing ties between Continue Reading
Even as Indians take to the road like never before, consumers could well be buying their last petrol or diesel car, according to a US-based expert. Using the country’s quick Continue Reading
The Cristophe de Margerie, an LNG carrier commissioned by French Total, has become the first tanker to pass the Arctic unaided and is now en route to its destination in Continue Reading
China expects its apparent natural gas consumption to rise over 10 percent year-on-year to around 230 billion cubic meters (bcm) this year, the official Xinhua news agency said on Saturday Continue Reading
After a rebound in the value of high bids for oil and gas acreage in the Gulf of Mexico, industry supporters said it was time to push for greater access. Continue Reading
The expansion of a Texas oil pipeline is likely to support more production from the prolific Permian shale basin, the Federal Reserve Bank of Dallas said. Texas is the No. Continue Reading
The Trump administration is facing increasing pressure from governors of East Coast states to keep federal Atlantic waters out of the five-year oil and natural gas leasing plan it hopes Continue Reading
US coal train loadings volumes have remained strong, and increases this week across all the major basins pushed totals to a new year-high mark. Data filed by the four major Continue Reading
Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. But prices were still on track to Continue Reading
Oil prices edged up early on Thursday, clawing back some ground after losses in the previous session. Traders said the market was range-bound as falling crude inventories provided price support Continue Reading
Earth yet again sizzled with unprecedented heat last month. The National Oceanic and Atmospheric Administration said Thursday Earth sweated to its second hottest month since recordkeeping began in 1880. At Continue Reading
As OPEC and non-OPEC nations meet for another joint technical committee meeting on August 21, the oil producer group’s options seem limited, leading to a preoccupation with ensuring compliance with Continue Reading
In the wake of a scandal that led to the sudden resignation of Basra’s governor, Taha al-Tamimi has emerged as the top candidate to lead Iraq’s oil capital. Basra’s then-governor, Continue Reading
Libya’s getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again. (Bloomberg) — Libya’s getting Continue Reading
The Minister of State for Petroleum Resources, Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment Continue Reading
The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $3billion per annum by cutting the cost of crude oil production from $78 dollars Continue Reading
A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of Continue Reading
Argentina’s abundant shale resources have attracted a growing number of major international companies since the beginning of this year—all of them interested in developing the prized Vaca Muerta shale formation; Continue Reading
Lakes and ponds used by water utilities have long been viewed with a single purpose: holding water. Now a handful of pioneering water utilities are looking at their aquatic real Continue Reading
The production of gasoline in the United States is near a record high, though supply levels are under pressure from exports, a federal report said. “Gasoline production by U.S. refiners Continue Reading
A U.S. industrial trade group said Washington’s domestic focus should prioritize the retention of natural gas, rather than target it for the export market. As a candidate, Donald Trump ran Continue Reading
Oil prices flipped from losses to slight gains Thursday morning as the market rebounded from three week lows. U.S. crude futures were recently up 8 cents, or 0.17%, at $46.86 Continue Reading
Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and Continue Reading
Citigroup has said that U.S. shale will prevail over OPEC because of its higher resilience to low prices and OPEC’s losing strategy of cutting output and losing revenues and market Continue Reading
Construction of the 713-mile Rover pipeline ran into trouble this spring. Goldman Sachs Group Inc. GS -1.86% lost more than $100 million in a wrong-way bet on regional natural-gas prices Continue Reading
