Russia’s Rosneft Expects $40 Oil In 2018
Russia’s largest oil producer, Rosneft, expects oil prices to average between $40 and $43 per barrel next year, and is preparing for such prices, Rosneft’s CEO Igor Sechin told TV Continue Reading
Carmakers face electric reality as combustion engine outlook dims
European car bosses gathering for the Frankfurt auto show are beginning to address the realities of mass vehicle electrification, and its consequences for jobs and profit, their minds focused by Continue Reading
The Two Nations Leading The Wind Power Race
China and the UK have teamed up to develop the next generation of offshore wind power capacity, with a focus on identifying the best locations for the new installations and Continue Reading
Oil weakens on fears Irma could dent U.S. demand
Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation. Losses Continue Reading
Oil Is Unlikely To Return To $80
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… (Click to enlarge) Figure 1. Continue Reading
Can WTI Break Out Of The High $40s?
Comparative inventories have fallen dramatically since mid-February yet oil prices languish in the mid-to-upper $40 range. But what will it take for oil prices to break out of the $45 Continue Reading
Earth Is Starting to Run Out of Sand
When most of us think of limited resources, typically fossil fuels, trees or fresh water reserves come to mind. But, can we now add sand to the list? Well, according Continue Reading
The Plastic Fantasy That’s Propping Up the Oil Market
Kenya’s mountains of plastic bags might not seem central to oil’s grand narrative, but they are. Last week, the East African country banned almost everything about them: making them, importing Continue Reading
Saudi’s Falih discuss oil supply cuts extension with Venezuela, Kazakhstan
Saudi Arabian Energy Minister Khalid al-Falih discussed with his Venezuelan and Kazakh counterparts the possible extension of the global oil supply cut pact beyond March 2018, the Saudi energy ministry Continue Reading
Is It Time For OPEC To Turn The Taps Back On?
Russia’s Energy Minister Alexander Novak said earlier this week that he’d spoken with his Saudi counterpart about the possibility of another extension to the OPEC-non-OPEC crude oil production deal; oil Continue Reading