A court in Japan on Friday ordered Tokyo Electric Power (Tepco) to pay compensation to a group of former Fukushima residents, the second such ruling following the 2011 earthquake and Continue Reading
A subsidiary of Chevron terminated a contract for a rig working in deep U.S. waters in the Gulf of Mexico nearly a year early, Transocean announced. “A subsidiary of Chevron Continue Reading
Freightliner says its new Cascadia truck gets 8% better fuel efficiency through such things as hubcap covers and door seals that cut down on wind resistance. The average big rig Continue Reading
Mercedes-Benz owner Daimler is investing $1bn to produce electric cars in the US for the first time as it steps up its challenge to its leading rivals by establishing manufacturing Continue Reading
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… But there’s a certain court Continue Reading
Rising U.S. shale output has led to increased amounts of the water that inadvertently flows out of wells together with oil. For now, drillers use trucks to transport this dirty Continue Reading
Hurricane Harvey’s crippling impact on U.S. oil refinery operations this month and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining Continue Reading
Any financial advisor worth their salt will caution you that past performance is not a guarantee of the same in the future. And so it is with US shale oil. Continue Reading
The world’s hottest oil field could run out of steam in just a few years if shale drillers can’t overcome the natural constraints of the region’s geology, a new study Continue Reading
‘Just flat wrong,’ and unfairly limiting oil prices, he says Cites new driller discipline seeking return on investments Billionaire oilman Harold Hamm says the government was way too optimistic with Continue Reading
Combination of self-driving, on-demand tech could boost growth Big Oil may take a hit as people choose new ways to travel It’s 10 years since Apple Inc. unleashed a surge Continue Reading
The Gulf Coast was ravaged by Hurricane Harvey, and the effects are going to take time to wear off, but the situation has also made U.S. crude exports much more Continue Reading
The Trump administration is trying to lay the groundwork to open up the Arctic National Wildlife Refuge (ANWR) for oil and gas drilling, according to a report last week from Continue Reading
US coal production slipped for the fourth consecutive week in the week ending September 16, but at 15.5 million st it was still 7.2% higher than in the same week Continue Reading
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar Continue Reading
Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia’s position as China’s largest oil supplier in Continue Reading
Frankfurt’s car show, one of the most important in the world, this September spotlighted electric vehicles (EVs). France and the United Kingdom have already decreed an end to sale of Continue Reading
Hundreds of millions in decommissioning costs, field depletion, high taxes and low oil prices have been the highlights of media coverage of the UK’s North Sea oil industry. Yet the Continue Reading
Oil prices steadied on Thursday, holding most of their recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed Continue Reading
Oil prices rose to a four-month high on Wednesday, boosted by optimism that production cuts have brought down global inventories as demand remains steady. Light, sweet crude for October delivery Continue Reading
Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi Continue Reading
UNITED NATIONS (Reuters) – Iran vowed on Wednesday not to be the first nation to violate the Iran nuclear deal and said it did not expect the United States to Continue Reading
Oil supermajors rank among the biggest polluters in the world—a hardly surprising fact. In recent years, however, Big Oil has reduced its greenhouse gas emissions, in what may come as Continue Reading
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a Continue Reading
When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Crude Continue Reading
A decade’s worth of efforts to cut oil consumption in industrialized countries is at risk of being reversed, as low fuel prices boost demand and send motorists flocking back to Continue Reading
Nigerian fuel truck drivers have begun a strike, their union said Wednesday, triggering fears of a fresh shortage of oil products. In addition to seeking a pay rise and a Continue Reading
U.S. firm Chevron drilled its first exploration well this month in Iraqi Kurdistan after a two-year break, industry sources said, signaling its confidence in the area despite an international row Continue Reading
Russia, the only major power that has not called on Iraq’s Kurds to cancel a referendum on independence next week, has swiftly become the top funder of Kurdish oil and Continue Reading
Rarely does one see such a multi-faceted move as Rosneft declaring it will build a $1 billion pipeline bringing gas from Iraqi Kurdistan to Turkey. The 30 BCm/year pipeline would Continue Reading
If Saudi authorities decide this year which foreign stock market will be the venue of what would be the biggest IPO in history, and if the government finalizes energy subsidy Continue Reading
Iraqi security forces are launching an offensive to dislodge the self-proclaimed Islamic State (IS) from the western part of Anbar province – the largest remaining swath of Iraqi territory controlled Continue Reading
Companies said to be selling crude from Saldanha Bay in Africa Brent crude time-structure strengthens, encouraging sales Oil traders are emptying one of the world’s largest crude storage facilities, located Continue Reading
U.S. crude oil refinery inputs averaged about 15.2 million barrels per day during the week ending September 15, 2017, 1.1 million barrels per day more than the previous week’s average. Continue Reading
Senators have pressed the Trump Administration to review the chances of Russia’s Rosneft acquiring Venezuela’s PDVSA and its U.S. business, Citgo. Marco Rubio and Bob Menendez believe a change in Continue Reading
Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week Continue Reading
The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only shale Continue Reading
Despite devastating weather that sent energy market participants into a frenzy, the average of the 12-month forward curve for WTI remained flat month on month at $50.43/b. However, internal rates Continue Reading
Oil pricing agency S&P Global Platts said on Thursday it planned to publish U.S. crude prices during the Asia market close from December after U.S. exports to the region rose. Continue Reading
California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, Continue Reading
In its largest maritime shipment to date, a Russian oil company said it dispatched nearly 2 million barrels of oil from an Iraqi oil field to the United States. Russian Continue Reading
Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says. MOSCOW, Sept 20 Sept (Reuters) – Continue Reading
Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts Continue Reading
Oil prices faltered Tuesday, giving up gains in earlier trading as investors weighed the possibility that OPEC will extend its production cuts again against the prospect of rising U.S. oil Continue Reading
Oil prices edged lower on Tuesday, retreating from near-five-month highs in advance of data expected to show a build in U.S. crude inventories as imports resume and refineries were still Continue Reading
Big Oil has been wheelin’ and dealin’ across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought Continue Reading
Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. (Bloomberg) Continue Reading
As the date of the Kurdish independence referendum approaches, oil industry moguls should be concerned about an oil production war between Iran and headless Iraq. The Kurds are expected to Continue Reading
There’s enough cash flow to invest in efforts needed to increase the level of crude oil production from the Kurdish north of Iraq, Gulf Keystone Petroleum said. Gulf Keystone, which Continue Reading
The Minister of State for Petroleum Resources, Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be an income resource in 10 years’ time. Continue Reading
