President Donald Trump’s top economic adviser is expected to outline the administration’s proposals to reduce greenhouse-gas emissions while restating that its stance on the Paris climate accord has not changed, Continue Reading
As Hurricane Harvey battered southern Texas on August 27, the National Weather Service described it as “unprecedented”. There had been stronger storms before, but the torrential rainfall brought by Harvey Continue Reading
After six consecutive monthly gains, U.S. industrial production fell by 0.9 percent in August as Hurricane Harvey hit Gulf Coast refining, chemicals, and plastics materials production, the Federal Reserve said Continue Reading
In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has cut production costs by Continue Reading
Oil prices ended unchanged Friday, as investors grappled with mixed signals for global supply and demand. Light, sweet crude for October delivery settled flat at $49.89 a barrel on the Continue Reading
WTI rose to its highest level in more than a month this week, hovering just around $50 per barrel. Brent surpassed $55 per barrel on Thursday, the highest level since Continue Reading
As the U.S. market begins its recovery from the double whammy served up by hurricanes Harvey and Irma, my earlier projections of where crude oil prices are headed have come Continue Reading
Global hunger is on the rise, affecting 11 percent of the world’s population, in part because of climate change, an annual report from the United Nations found. An annual State Continue Reading
Speaking alongside his Venezuelan counterpart, Iran’s oil minister said there was a general readiness for multilateral efforts geared toward market stability. A measure implemented by the Organization of Petroleum Exporting Continue Reading
Qatar’s resilience in the face of months of economic and diplomatic ostracization echoes in the ears of Saudi Arabia—a regional and religious leader running out of options in its quest Continue Reading
Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the “tyranny of the Continue Reading
Venezuelan state-oil firm PDVSA’s refining unit in the United States, Citgo Petroleum [PDVSAC.UL], on Friday said its credit profile remains “strong and stable,” with over $1 billion in excess open Continue Reading
South Korea is eyeing independence from nuclear energy, to be implemented gradually over the next six decades, as it seeks to switch to safer clean energy sources. The country’s Trade, Continue Reading
Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. After bidding alone for exploration rights Continue Reading
Energy traders and natural gas pipeline companies on Friday hailed a U.S. federal regulator’s decision to overturn New York’s denial of a water permit for building the Millennium Pipeline in Continue Reading
While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil’s refinery there, shipping sources said. Beaumont’s port Continue Reading
The parties behind the Trans Mountain oil pipeline to Canada’s western coast haven’t yet completed what they need to for the environment, a regulator found. The National Energy Board approved Continue Reading
The Trump administration is quietly moving to allow energy exploration in the Arctic National Wildlife Refuge for the first time in more than 30 years, according to documents obtained by Continue Reading
Gasoline and Diesel Fuel Update Note: Prices for Miami, Florida, are unavailable for September 11, 2017 because of insufficient survey responses. Hurricane Irma significantly disrupted gasoline markets in Florida, first Continue Reading
Nineteen protestors were arrested during a protest in Richmond, Virginia, against the construction of the Atlantic Coast and Mountain Valley natural gas pipelines. The demonstration of roughly 40 people occurred Continue Reading
The total oil and gas rig count in the United States now stands at 936 rigs, up 430 rigs from the year prior, with the number of oil rigs in Continue Reading
Nearly twenty days (or over 450 hours) after Hurricane Harvey made landfall between Port Aransas and Port O’Connor in Texas, there are a number of signs emerging in our ClipperData Continue Reading
Even before Hurricane Harvey shut down more than 20 percent of U.S. refining capacity, U.S. diesel, jet fuel, and heating oil stocks had dropped during the summer months, for the Continue Reading
Three weeks after Hurricane Harvey slammed into the lower Texas coast and caused widespread production shut-ins, although little actual damage, in the Eagle Ford Shale play, several big upstream operators Continue Reading
Natural gas producers in the US Southeast are beginning to yield dividends from a bid to reverse declining production in one of the region’s seemingly forgotten shale plays. Recent data from Continue Reading
Hurricanes Harvey and Irma demonstrate the importance of keeping the U.S. Strategic Petroleum Reserve, Energy Secretary Rick Perry said, in a not-so-subtle rebuke to President Donald Trump. “This is a Continue Reading
The first batch of U.S. coal sent to Ukraine could open additional doors for bilateral energy trade, the Ukrainian minister of infrastructure said. Minister Volodymyr Omelyan said Friday that, after Continue Reading
A European research consortium under the management of the Volkswagen Group launched the four-year L3Pilot project to test the viability of automated driving as a safe and efficient means of Continue Reading
While the potential of wind and solar energy is more than sufficient to supply the electricity demand of industrial societies, these resources are only available intermittently. To ensure that supply Continue Reading
f you’re looking for a way to express something that’s staggeringly hard to count, you won’t find a more reliable metaphor than grains of sand. There is indeed quite a Continue Reading
Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United Continue Reading
Buoyed by strong global oil demand growth and reduced OPEC supply, U.S. benchmark WTI jumped above the psychologically important US$50 threshold on Thursday, topping that level for the first time Continue Reading
Oil prices rose on Thursday, with Brent briefly touching a five-month high, a day after the International Energy Agency (IEA) forecast the market would continue to tighten as fuel demand Continue Reading
Rising demand pushed U.S. crude above $50 a barrel on Thursday, while sterling jumped after the Bank of England said it was likely to raise interest rates for the first Continue Reading
Global use of petroleum and other liquid fuels will grow by nearly a fifth by 2040, driven by the transportation and industrial sectors, the U.S. government said on Thursday. Consumption Continue Reading
According to the Energy Information Administration’s (EIA) new International Energy Outlook for this year, Asian countries that are not in the Organization for Economic Cooperation and Development (OECD), which includes Continue Reading
Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S. The IEA, which advises most Continue Reading
International news reports have stated that the Saudi government is currently putting together contingency plans for a possible delay to the biggest IPO ever. The listing of 5 percent of Continue Reading
Government still aims for 2018, but timetable is getting tight Decision on where to list overseas may come in late October Saudi Arabia is preparing contingency plans for a possible Continue Reading
Iraqi security forces inspect the site of a bomb attack at a police checkpoint on a highway near the southern Iraqi city of Nassiriya on Sept. 14. BAGHDAD—Islamic State gunmen Continue Reading
Iran’s Revolutionary Guards Corps is being forced to shrink its sprawling business empire and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to Continue Reading
Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, last year. Some Saudis see some see him as a power-hungry upstart who is overturning decades of tradition. BEIRUT, Lebanon — Continue Reading
Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to a Continue Reading
Negotiations begin over handing back the Majnoon operatorship, months after stake in West Qurna 1 was put up for sale, highlighting one major oil company’s resistance to Iraq’s tough terms. Continue Reading
« German government awards €4.1M to Fastned to build 25 fast charging stations | Main | Mobileye and Munich Re partnering to reduce commercial fleet collisions » A number of Continue Reading
An average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, this brought Nigeria’s production down to as low as 1.3 million barrels per day from Continue Reading
A deal by BP to extend oil production-sharing in Azerbaijan by 25 years is profitable at current oil prices even after paying a signing bonus and cutting foreign companies’ stake Continue Reading
A contract for the largest oil complex offshore Azerbaijan could lead to billions of dollars in investments and billions more in oil barrels, analysis finds. British energy company BP led Continue Reading
Venezuela has told oil traders it will no longer accept or offer U.S. dollars in payment for crude oil and fuels, the Wall Street Journal reports , citing sources familiar Continue Reading
“We want to create a lot of E&P companies in India,” said the head of the country’s oil regulator. (Bloomberg) — India will offer larger areas with higher oil and Continue Reading
