U.S. Braces For Second Major Hurricane In Two Weeks
Hurricane Irma has reached category 5-level winds, according to the latest reports from the Atlantic Ocean. If it hits land near Texas, it could destroy an oil and gas network Continue Reading
Oil markets subdued by storm Harvey fallout; Hurricane Irma heads into Caribbean
Oil market trading was cautious on Wednesday, with crude demand and shipments subdued due to refinery closures following Storm Harvey and the arrival of an even bigger hurricane in the Continue Reading
Crude prices rebound, gasoline slides as U.S. refineries restart
Crude oil prices rose and gasoline fell by about 3 percent on Tuesday as the gradual restart of refineries in the U.S. Gulf that were shut by Hurricane Harvey raised Continue Reading
OPEC provides market assurances post-Harvey
Hurricane Harvey hit the United States after two years of oil sector declines and OPEC is ready to ensure the market is stable, its secretary general said. Parts of the Continue Reading
Qatar says new port will help circumvent Arab sanctions
HAMAD PORT, Qatar (Reuters) – Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield Continue Reading
Oil revenues up, but August exports dip
Iraq is averaging higher-than-expected oil prices so far this year, but is struggling to maintain export volumes as a result of OPEC cuts and disputes with Kurdistan. A worker from Continue Reading
Largest U.S. refinery restarting after Harvey
Motiva Enterprises [MOTIV.UL] said on Tuesday it was in the initial phase of restarting its Port Arthur, Texas, refinery, the nation’s largest crude oil refinery after it was shut by Continue Reading
Exxon says making progress on reopening Baytown refinery
Exxon Mobil Corp said on Tuesday it continues to work to reopen its 560,500-barrel-per-day Baytown, Texas, refinery and has made “significant progress” in restarting its chemical facilities after Hurricane Harvey Continue Reading
Big Energy Backs Hydrogen Power Storage
Projects seek to hold electricity for weeks or months Technology remains expensive, may take decades to develop The secret to switching the global energy system entirely to renewables may lay Continue Reading
Oil fading as an energy source because of electric vehicles
The global demand for oil will peak within the next five years, driven largely by the increased market presence of electric vehicles, a top energy consultancy said. DNV GL, a Continue Reading