Oil slides as Irma heads for Florida, threatening demand
Oil prices slid on Friday, with U.S. crude down more than 3 percent on worries that commerce and energy demand in Florida and the Southeast would be hit hard as Continue Reading
Motiva Port Arthur refinery “on target” for partial restart by Monday
Motiva Enterprises [MOTIV.UL] said its Port Arthur, Texas, refinery, the nation’s largest, was on target for a partial restart of production by Monday. “Motiva remains on target to restart its Continue Reading
Hurricane Irma may cause problems for East Coast energy infrastructure
Energy Infrastructure with Real-Time Storm Information Hurricane Irma, one of the largest hurricanes ever recorded in the Atlantic, caused significant damage to the northeastern Caribbean and is currently projected to Continue Reading
Hurricane Irma Prompts Oil Storage, Port Shutdowns
Hurricane Irma has prompted the shutdown of at least two oil storage complexes in the Caribbean, with a combined capacity of 18.6 million barrels, S&P Platts reports. One of these, Continue Reading
Trump waives Jones Act to bring in fuel ahead of Irma’s arrival
The Trump administration is waiving Jones Act requirements until September 15 to address a potential fuel shortage in Florida caused by the approaching Hurricane Irma and lingering Gulf Coast pipeline Continue Reading
Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to Continue Reading
Electric-Car Makers Turn to Tested Formula: the Racetrack
Big-name car makers are vying to win the electric-car race—literally. This July, all of Germany’s motor-sport icons— Audi , Mercedes-Benz, Porsche and BMW —said they would soon join Formula E, Continue Reading
U.S. part of energy security strategy, Ukraine says
Cooperation with the United States on energy security will help Ukrainian efforts to reduce its dependency on Russia, the envoy to the United States said. Valeriy Chaly, the Ukrainian envoy Continue Reading
The Obsolescence of Oil As We Live Out the Current Technology Wave
With every new green announcement on the global technology stage we get propelled further into a reality where oil may no longer be dominant. Whether its France and India committing Continue Reading
Oil rising on weak dollar, not output pact: Sechin
The main driver behind rising oil prices is a weaker dollar and not a global effort by producers to curb output, Igor Sechin, chief executive of top Russian oil company Continue Reading