How EIA Guestimates Keep Oil Price Subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The Continue Reading
Is Egyptian Oil Set For A Rebound?
This week Egypt signed three major exploration deals with oil giants Royal Dutch Shell and Apex worth at least $81.4 million. The hefty international contracts will kickstart a large-scale oil Continue Reading
In Venezuela, Cooking With Firewood as Currency Collapses
Food shortages were already common in Venezuela, so Tabata Soler knew painfully well how to navigate the country’s black market stalls to get basics like eggs and sugar. But then Continue Reading
Brazil Aims To Privatize State-Owned Utility Company
Imagine the setting. A conference room full of senior politicians. “The tapes are bad”, one says. “A lot of stuff about bribes”. Another adds, “Yeah, and we’re polling in the Continue Reading
China’s Shangdong independent refineries plan to consolidate; analysts skeptical
Independent refineries holding crude import quotas in China’s Shangdong province are planning to consolidate into a single corporate entity, a move that would help to optimize their entire value chain, Continue Reading
China’s new energy vehicle industry on fast lane for growth
China’s new energy vehicle (NEV) industry has seen rapid growth in the past few years, with growing sales and an improved industry ecosystem, according to an industry association. Production and Continue Reading
If $26 oil doesn’t do us in, 52 inches of rain won’t either
Frenzied motorists scrambled to find gasoline in Dallas-Fort Worth as reports of imminent shortages spread on social media, fueled by refinery and pipeline shutdowns along the energy-rich Texas Gulf Coast. Continue Reading
Subsidizing new nuclear power such as Vogtle reactors in nation’s interest
Adding two new nuclear reactors at Plant Vogtle is going to need some help from Congress and the federal government to work, according to Georgia Power’s request to continue. And Continue Reading
Natural gas : Production recovery continues
Gulf of Mexico offshore gas production continued to rebound Sunday in the aftermath of Hurricane Harvey. The Bureau of Safety and Environmental Enforcement said about 271.4 MMcf/d of gas was Continue Reading
As the US recovers from Harvey, what’s next? – Fuel for Thought
Share The shale revolution has dramatically transformed this country’s energy landscape, making the US an exporter of crude, products and LNG—a far cry from the situation 12 years ago when Continue Reading