Tesla’s New Frontier: Batteries And Wind
Electric car builder Tesla and wind turbine manufacturer Vestas have combined forces to create an energy storage system based on wind power View full article at oilprice.com
Goldman: Post-Harvey Reconstruction To Boost U.S. Oil Demand
As devastating as Hurricane Harvey was to Texas, reconstruction is now expected to be ultimately positive for U.S. oil demand in a few months as fuel consumption is expected to Continue Reading
Peak oil demand in 2022
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil Continue Reading
Hurricane Irma Could Destroy Oil Demand
About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much Continue Reading
Nissan unveils new LEAF; 150-mile range; high-power variant with larger battery in 2019
Nissan revealed the Nissan LEAF electric vehicles in a global launch event in Yokohama, followed by its North American debut at a media event in Las Vegas. The new LEAF Continue Reading
Colonial Pipeline restarts gasoline Line 1
Colonial Pipeline, the largest US refined products pipeline, resumed gasoline shipments on its Line 1 from Houston and Pasadena, Texas, the company said Tuesday. That returned the full system to Continue Reading
Natural Gas: Production back to near pre-Harvey levels
Offshore US Gulf of Mexico natural gas production continued to return to pre-Hurricane Harvey levels as crews returned to platforms Tuesday, while onshore producers and midstream companies said they were Continue Reading
Cost to develop giant Johan Sverdrup field in Norway moves lower
Norwegian energy company Statoil said the coast to develop the first half of its mega Johan Sverdrup oil field went down by about 5 percent. Johan Sverdrup is one of Continue Reading
Russia’s energy minister sees 2018 oil price in range of $45-$55/barrel
Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov VLADIVOSTOK, Russia (Reuters) – Continue Reading
Russia’s Novak says to consider extension of oil cut deal if glut persists
Russian Energy Minister Alexander Novak said on Wednesday that Moscow would consider extending a deal with OPEC and other producers to cut oil production further into next year if a Continue Reading