Gas to Become World’s Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the Continue Reading
What Happens If The OPEC Deal Expires?
While the aftermath of Hurricane Harvey continues to drive headlines in the energy sector, the attention will once again shift back to OPEC as the year wears on and we Continue Reading
Saudi Arabia redrafts crown prince’s transformation plan
Saudi Arabia is redrafting its main reform plan just over a year after its much-hyped launch, stripping out some areas earmarked for change and extending the timeline of other targets. Continue Reading
Libya Resumes Production At Largest Field Amid Rising Oil Prices
Libya’s largest oil field, Sharara, will resume production following a two-week halt, after a pipeline blockade ended yesterday. This is what an unnamed source from Libya’s oil industry told Reuters, Continue Reading
Hurricane Irma worsens Latin America’s fuel supply crunch
Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin American countries that have struggled to meet demand since Hurricane Harvey disrupted Continue Reading
Can NAFTA Protect Big Oil From Mexico’s Populist Movement?
The second round of NAFTA negotiations that concluded yesterday in Mexico City sought ways to enshrine the 2014 energy sector reforms that the Enrique Pena-Nieto government had launched to overhaul Continue Reading
Shell opens its first retail gas station in Mexico
Dutch supermajor Shell said it’s opened its first retail gasoline service station in Mexico, one of the largest gasoline markets in the world. Shell said it opened a service station Continue Reading
Tepco shares rise after reports of possible nuclear restart approval
Shares in Tokyo Electric Power Co (Tepco), operator of the wrecked Fukushima nuclear plant, rose more than 3 percent on Thursday after media reports that it may get approval as Continue Reading
API Reports Crude Inventory Build As Demand Falters
The American Petroleum Institute (API) reported a build of 2.791 million barrels in United States crude oil inventories, compared to analyst expectations of a build of 4.022 million barrels for Continue Reading
Oil Markets Need To Plan For EV Dominance
The investment bank says that despite hiccups for many EV models to date, Tesla’s success thus far “shows that the consumer preference for internal combustion engines can be swayed.” Morgan Continue Reading