China’s offhand bombshell about potentially consigning gasoline-fueled cars to the scrapheap has met, predictably, with a round of cheers and jeers . This is about one of the latter, which Continue Reading
Oil traders have started to divert fuel shipments from their original destination in Venezuela as Hurricane Maria approaches the Caribbean, Reuters vessel tracking data has shown. Yet the hurricane, which moves Continue Reading
U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are Continue Reading
The retail price for gasoline is coming off seasonal highs as the U.S. refining sector returns to normal after Hurricanes Harvey and Irma, AAA reports. The motor club lists a Continue Reading
BP Plc halted production at its Thunder Horse platform in the U.S. Gulf of Mexico on Monday following a power outage, a company spokesman confirmed on Tuesday. The benchmark for Continue Reading
Three weeks after Hurricane Harvey ravaged the massive fuel-making industry along the Texas coast, the region’s recovery from storm damage is starting to disrupt plans for crucial maintenance at refineries Continue Reading
A diverse energy mix including coal and nuclear power is a key requirement for US electricity generation if the country is to maintain a cost-effective power supply, IHS Markit said Continue Reading
The UK’s oil industry could be entering its final decade of production, according to new research. A study of output from offshore fields estimates about 10% of the nation’s original Continue Reading
A state-owned port operator in Lithuania said it started work on a reloading station for support for maritime needs for liquefied natural gas. Klaipėdos nafta said it started work on Continue Reading
In an announcement ahead of the French president’s speech before the U.N. General Assembly, Total said it took a greater stake in a renewable power company. The French supermajor said Continue Reading
The announcement by the U.K. and France that they would prohibit the production of diesel and petrol cars by 2040 made for good headlines, but came as little surprise when Continue Reading
About 80 million vehicles are produced around the world every year, but the logistics for transport from the factory to the end customer are extensive, costly and completely manual. A Continue Reading
Oil markets held largely steady on Tuesday, even as OPEC producers Saudi Arabia and Iraq pointed to a reduction in supplies in line with efforts to tighten the market and Continue Reading
Oil prices were mixed Monday, with the U.S. benchmark edging up to a seven-week high and the global benchmark falling, as investors paused after last week’s rally. U.S. crude futures Continue Reading
Oil prices lose momentum after running their course following hurricanes that upended dynamics in the U.S. energy sector. File photo by Monika Graff/UPI Sept. 18 (UPI) — Emerging analyst sentiment Continue Reading
Lag in investment raises risk of tightened market: Atkinson IEA failed to foresee ‘technical ingenuity’ of U.S. shale A dearth of new investment in oil production is stoking a risk 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
The oil industry just can’t seem to snap out of its doldrums this year. Crude remains stubbornly low, which has stalled the industry’s attempts at a recovery. However, while weaker Continue Reading
Russian energy company Rosneft says it’s put a gas export pipeline from the Kurdish north of Iraq on the fast track toward development. Photo courtesy of Rosneft. Sept. 18 (UPI) Continue Reading
Iraqi Kurds fly Kurdish flags during a recent event to urge people to vote in the upcoming independence referendum in Arbil, the capital of the autonomous Kurdish region of northern Continue Reading
Iraq, the second-largest OPEC producer, may be facing a significant disruption to its oil exports this month. On September 25, citizens of the northern region of Kurdistan, a semi-autonomous area Continue Reading
Although Saudi Arabia has managed to narrow its budget deficit, the Kingdom continues to feel the fiscal pressure of low oil prices, and is mulling over the phasing out of Continue Reading
Iraq does not see the need for more output cuts now, but if there is a need the country will support consensus within the Organization of the Petroleum Exporting Countries Continue Reading
Without much international fanfare, the world’s largest offshore oil field and the largest discovered in the last 40 years, Kazakhstan’s Kashagan Field, is on the verge of finally moving beyond Continue Reading
Besieged by international pressure to delay its independence referendum, the KRG gets geopolitical backup from a Rosneft agreement to underwrite oil and gas export pipelines. Massoud Barzani, the president of Continue Reading
Oil workers in Nigeria stopped on Monday the loading of oil products, natural gas, and aviation fuel as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) joined an Continue Reading
Hurricane Maria is shown in the Atlantic Ocean about 85 miles east of Martinique in this September 17, 2017 NASA handout satellite photo. NASA/Handout via REUTERS (Reuters) – Shippers are Continue Reading
A closed coal mining site in Whitesburg, Ky., one of many such towns trying to develop new economic growth. The Trump administration is unflinching in its misbegotten campaign to protect Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region September 2017 October 2017 change September 2017 October 2017 change Anadarko 372 376 4 2,512 Continue Reading
The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or Continue Reading
Colonial Pipeline, the largest fuel system in the United States, said on Monday that Port Arthur, Texas refiners can use their own pumps as a temporary solution to get gasoline Continue Reading
The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen. Getting rid of Continue Reading
U.S. shale production is set to rise for the 10th month in a row in October, the U.S. government said on Monday, spurred by U.S. oil prices rising above the Continue Reading
The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a Continue Reading
The last decade has seen a significant change in the terms of the debate around the concept of “peak oil”. Ten years ago the focus was on when oil resources Continue Reading
U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell and Continue Reading
Lag in investment raises risk of tightened market: Atkinson IEA failed to foresee ‘technical ingenuity’ of U.S. shale A dearth of new investment in oil production is stoking a risk Continue Reading
Oil prices are at their highest levels in months on the back of strong demand and some key supply outages around the world. But the next price movements are unclear, Continue Reading
Iran will not be bullied by the United States and will react strongly to any “wrong move” by Washington on Tehran’s nuclear deal, Supreme Leader Ayatollah Ali Khamenei said on Continue Reading
Plan would boost gasoline to parity with international prices Increases in other Saudi energy prices seen early next year Saudi Arabia is considering a plan to raise domestic prices for Continue Reading
Russian oil major Rosneft ( ROSN.MM ) will invest in gas pipelines in Iraq’s Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become Continue Reading
Dubai’s state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia’s ACWA Power, Continue Reading
Three years ago, Mexico opened its energy sector to private investments in a landmark energy reform that ended more than seven decades of monopoly of its state firm, Pemex. Now Continue Reading
(Reuters) – Gasoline and diesel prices rose sharply in North Korea after its sixth nuclear test and as the U.N. Security Council imposed new sanctions capping fuel supply, market data Continue Reading
Environmental activists are due to start a week of protests on Sunday against a major coal mining project they say will damage Australia’s Great Barrier Reef and contribute to global Continue Reading
Oil majors reduced emissions by 13% in past five years Emissions at non-energy companies fell while revenue climbed It’s no secret that oil majors are among the biggest corporate emitters Continue Reading
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands on Sunday, with forecasters saying Maria would strengthen rapidly into a major Continue Reading
The United States could remain in the Paris climate accord under the right conditions, Secretary of State Rex Tillerson said on Sunday. President Donald Trump was willing to work with Continue Reading
ExxonMobil Corp may restart most of the production units at its 362,300 barrel per day (bpd) Beaumont refinery in Texas, by the end of this week, said sources familiar with Continue Reading
Royal Dutch Shell Plc began restarting its 325,700-barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery on Sunday for the first time since it was shut three weeks ago by Tropical Storm Continue Reading
