Skip to content
The Energy Bulletin The Energy Bulletin Daily

Daily news

Primary Menu
  • Home
  • Daily News
    • Regions
      • Global
      • N. America
        • USA
        • Canada
        • Mexico
      • Middle East
        • Saudi Arabia
        • Iraq
        • Iran
        • Syria
        • Egypt
        • Israel
        • Gaza
        • Kuwait
        • Bahrain
        • United Arab Emirates
        • Jordan
        • Lebanon
        • Yemen
      • Asia
        • China
        • India
        • Pakistan
        • Japan
        • South Korea
      • Africa
        • Nigeria
        • Libya
        • Algeria
        • Tunisia
      • Europe
        • Russia
        • United Kingdom
        • Ireland
        • Turkey
      • Latin America
        • Venezuela
        • Brazil
        • Argentina
        • Ecuador
    • Topics
      • Prices
      • Oil
        • Shale Oil
        • Tar Sands
        • Peak Oil
      • Gas
        • Shale Gas
      • Other Sources
        • Coal
        • Nuclear
        • Renewables
          • Wind
          • Solar
          • Biofuels
      • Environment
        • Climate
        • Water
        • Air Quality
      • Energy Demand
        • Energy Demand
        • Transportation
      • Economy & Security
        • Economy
        • National Security
  • Weekly Review
  • Archive
  • Subscribe
  • About

Month: September 2017

Category:
  • Prices

Oil Prices Inch Higher as Bullish Sentiment Remains

Oil prices swung between small gains and losses Friday, as investors reacted to the latest data measuring U.S. production. Light, sweet crude for November delivery closed up 11 cents, or Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil’s September Surge Propels Bull Market Run on Demand Optimism

IEA, OPEC this month boosted global consumption forecasts Turkey threatens Kurdish exports after independence vote Oil posted its biggest quarterly gain in more than a year on forecasts for rising Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Expert Analysis: Oil Prices Have Risen Too Far Too Fast

Last Friday we argued that the rally in WTI and Brent looked overstretched from technical and positioning viewpoints. This week obviously didn’t serve our viewpoint as geopolitical tensions in Iraq Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices

Wood Mac: Non-OPEC resilience impressive

In the short run, the overall stability for oil production outside the Organization of Petroleum Exporting Countries is a spoiler for the bulls, analysis finds. OPEC in January began sidelining Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil industry loses fear factor but finds little to cheer

As traders and producers gathered in Singapore this week for Asia’s biggest oil event, you might have expected a bit more optimism. Oil prices reached their highest level in two Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • OPEC

OPEC oil output edges higher in September as Iraq, Libya pump more

OPEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Iraq

Oil sales agreement reached with Kurdish government

Operations in the Kurdish north of Iraq are going according to plan and sales agreements are moving forward, a Canadian energy company said Friday. ShaMaran Petroleum Corp., a Canadian company Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Can OPEC Control The Oil Bulls?

Brent flirted with $60 per barrel this week, but it might have to wait a little longer. After hitting the highest price in two years mid-week, Brent declined on Thursday Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Iran
  • Iraq
  • Turkey

Turkey To Meet With Iran, Iraq Over Kurdish Independence Vote

Turkish Prime Minister Binali Yildirim said on September 28 that he wants to hold a summit with Iranian and Iraqi leaders to coordinate their response to the Kurdish vote for Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Iran
  • USA

US sanctions against Iran would see grudging international compliance

If the US reimposes sanctions on Iran’s oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Brazil

Exxon’s Big Bet on Brazil Oil Could Signal Major Pre-salt Role

Exxon Mobil Corp’s big bet on Brazil’s offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • China
  • Electric Cars

China issues NEV quotas for automakers: 10% of sales in 2019 and 12% in 2020

China has issued its anticipated new regulation requiring most automakers to sell a minimum number of new energy vehicles (NEVs) (battery-electric and plug-in hybrid) annually from 2019 as part of Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • China

China to raise retail fuel prices

China will raise the retail prices of gasoline and diesel from Saturday, the country’s top economic planner announced Friday. This is the eighth increase this year. As international oil prices Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

U.S. oil output up to 9.24 million bpd in July: EIA

U.S. crude oil production rose to a 9.24 million barrels day in July, an increase of 141,000 bpd, the U.S. Energy Information Administration said on Friday. Output increased by 21,000 Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

U.S. data show petroleum supply and consumer demand dropped

U.S. crude oil production slowed down during the summer, measures of consumer demand for fuels declined and imports are drying up, data from the industry show. Data from the American Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Europe
  • Iran

Zarif calls on Europe to save Iran nuclear deal

Iran’s foreign minister has said he expects US President Donald Trump will not uphold a historic nuclear agreement next month, and called on Europeans to step in to protect the deal. Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • USA

Energy Department Urges Pricing Shift That Could Bolster Coal, Nuclear

The Trump administration is urging independent energy regulators to change how electricity is priced, proposing new rules that would bolster revenue for coal-fired and nuclear power plants. The Energy Department Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • USA

Oil Markets React Stoically On Rising Oil Rig Count

The total oil and gas rig count in the United States now stands at 940 rigs, up 418 rigs from the year prior, with the number of oil rigs in Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Nuclear
  • USA

Twin Nuclear Plants In Georgia Get $3.7 Billion Lifeline

Nuclear power plants received a much needed boost from the Trump administration this week when the White House approved $3.7 billion in loan guarantees for two struggling power plants in Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices
  • Shale Oil

Shale Drillers To Lose At Sub-$50 Oil

Shale oil and gas producers need WTI prices at least US$50 oil to be able to see significant returns, analysts from Moody’s said in a research note today. For natural Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Electric Cars

New York plug-in car sales up 74% April-June with introduction of rebate

New York Governor Andrew M. Cuomo announced that the state has seen a 74% increase in electric car sales over the same time period last year, resulting from the Drive Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Biofuels
  • USA

Trump Told Iowa He’d Save Ethanol. His EPA Chief Has Other Ideas

As he sought votes during last year’s Iowa caucuses, candidate Donald Trump courted farmers with praise for ethanol and promises that he would boost the home-grown fuel. Now those farmers Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Coal
  • Nuclear

Kemp: Perry Puts Thumb on the Scale to Save US Coal and Nuclear

 The U.S. Department of Energy has thrown a lifeline to the struggling U.S. coal and nuclear industries by proposing a new rule that would explicitly compensate them for contributing to Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Shale Oil

Investors Push U.S. Shale Firms to Separate Executive Pay from Drilling

Activist investors are taking aim at U.S. shale producers, pushing them to stop rewarding executives for spending billions of dollars on new wells when crude prices are depressed. HOUSTON, Sept Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

The oilsands at 50: How much life is left in the resource?

On Sept. 30, 1967, the Great Canadian Oil Sands facility opened north of Fort McMurray, Alta., with much fanfare, bunting and speeches by politicians. It was the first large-scale commercial Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • OPEC
  • Russia

Summer best time to back out of OPEC deal, Russia says

It’s best to draw out of the OPEC-led effort to balance the market with production cuts during the summer when demand is high, Russia’s energy minister said. Russia is a Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Germany
  • Russia

Russia’s Rosneft Elects German Ex-chancellor Schroeder as Chairman

Former German Chancellor Gerhard Schroeder faced further criticism at home after he was elected as chairman of Russia’s biggest oil producer Rosneft on Friday. Schroeder, a Social Democrat who led Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Europe

As Diesel Goes From ‘Darling to Devil,’ European Refiners Try Not to Drown in It

Europe’s big oil refiners are searching for other uses for roughly $10 billion of investments in diesel as they anticipate falling demand for what was once European drivers’ favorite fuel. Continue Reading

Posted On : 30 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Bullish oil streak propels Brent to strongest third-quarter in 13 years

Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. Global benchmark Brent crude LCOc1 Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

NYMEX November gas dips 4.4 cents on ‘lackluster’ market after EIA data

NYMEX November natural gas futures settled at $3.017/MMBtu, down 4.4 cents, as a lackluster market put pressure on the contract despite a lower-than-expected storage build from the US Energy Information Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Citi: An Oil Supply Squeeze Is Inevitable

In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while a panel of several other analysts forecast a price drop if OPEC Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Bull Rally Wavers as Shale Boom Imperils Global Supply Drop

Market needs ‘steady, positive information’ to keep rallying Futures fell after rising on surprise decrease in supplies Oil’s bull-market rally faltered as the shale boom still gives traders pause. Futures Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

The Driving Forces Behind Today’s Oil Markets

One day it might set new records for bullishness, the next we might see it plummet into bear-territory. A flurry of global news also makes it difficult to interpret the Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Peak Oil

It’s Been A Tough Week For Peak Oil Theorists

In news that is certain to upset adherents to the never-dying cult of Peak Oil, IHS Markit released a study on Sept. 25 indicating that, per their analysis of data Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco listing reshapes Saudi Arabia’s OPEC oil policy

Saudi Arabia’s plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow oil producers around the Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • OPEC

Mideast OPEC producers fret oil price rally may burn out

Middle East OPEC producers are concerned weak demand and excess supply in the first quarter of 2018 may undermine an oil price rally that has pushed Brent crude about 30 Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Iraq
  • Turkey

Turkey Inches Closer To Disrupting Kurdish Oil Exports

Turkey supports Iraq’s decision that the oil trade should be done only by the central government, reaffirming it will deal only with Baghdad, in a move that could disrupt or Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudis Raise $12.5B To Plug Budget Deficit From Low Oil Prices

Saudi Arabia said on Thursday that it had issued US$12.5 billion in three tranches of notes, the second issue under its Global Medium-Term Note program, as the desert Kingdom desperately Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Libya

Libya Is Preparing To Ramp Up Oil Production

As a rather bullish sentiment has fallen over the oil markets, Libyan oil production is now set to rise after disruptions at the Sharara oil field are now behind it, Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Iraq

Qayarah and Haditha refineries re-open

Oil refineries are coming back online in northern Iraq as the Oil Ministry seeks to revive local economies and fuel the reconstruction of areas liberated from the self-proclaimed Islamic State Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices
  • Shale Oil

U.S. shale hinders hopes for oil market rebalancing: Reuters poll

Oil prices are unlikely to rise much beyond this month’s two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Shale Oil

$60 Oil Could Revive The Eagle Ford

The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Coal

Weekly US coal production estimates continue to dip: EIA

Weekly US coal production totaled an estimated 14.68 million st in the week that ended Saturday, down 5.3% from the prior week and 4.8% below the same week a year Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • USA

Puerto Rico Could Face 6 Months Without Power

After Puerto Rico was pummeled by Hurricane Maria last week, a Category 4 hurricane with 150 mph winds, the island has been left in shambles. After suffering widespread power outages Continue Reading

Posted On : 29 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil falls as U.S. data shows mixed picture

Oil prices fell on Thursday, with U.S. crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

This Crude Oil Benchmark Just Rallied To A Three-Year High

Oman is the largest oil producer in the Middle East that is not a member of OPEC. It is also part of the OPEC / NOPEC production cut deal, committing Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Steady, But $80 Oil Is Coming, Says Analyst

Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Kemp: Global Trade Upturn Aids Oil Market Rebalancing

 Global trade is growing at the fastest rate for six years – which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple
Category:
  • Energy Demand

Was Goldman Sachs Wrong About Oil Demand?

In my last two columns for Oilprice.com premium subscribers, I was first very clear in the opportunity I thought I saw coming in oil stocks. First, I outlined how oil Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple
Category:
  • Prices

Oil Prices At A Ceiling, Or Just Getting Started?

Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given a Continue Reading

Posted On : 28 Sep 2017 Published By : Tom Whipple

Posts navigation

Older posts

Archives

  • December 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
Website maintained by Post Carbon Institute
Theme: Royal Magazine by ThemeinWP