Risk premium may be waning for oil prices
Disruptions to U.S. oil production from Hurricane Nate may support a risk-fueled rally in oil prices Tuesday, but concerns about global outages may be fading. Crude oil prices soared during Continue Reading
Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
Crude oil inventories are still coming down. The American Petroleum Institute (API) reported a huge draw of 7.130 million barrels in United States crude oil inventories, compared to an S&P Continue Reading
Oil Fundamentals Overturn Geopolitical Risk
Oil posted gains on Monday on news that the Iraqi military had seized control of Kirkuk, but oil fundamentals and the large supply capacity of both OPEC and U.S. shale Continue Reading
Where’s Oil and Gas Travel Getting Pricier (and Cheaper)?
Read this if you’re heading to Aberdeen, Houston or other oil and gas hubs in 2018. Whenever I’ve had the opportunity to chat with oil and gas professionals at conferences Continue Reading
The Natural Gas Market Is Set To Boom
Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas in their production portfolios. All current Continue Reading
Big Oil To Bet On Petrochemicals As Demand Peak Looms
Remember that “This Ain’t Your Daddy’s Oil” commercial that blew up on Twitter at this year’s Super Bowl? It was about crude oil being used for things other than fuels—useful, Continue Reading
Half A Million B/D At Risk From Geopolitical Firestorm
It’s been a long time since geopolitical developments caused major movements in the oil price, but the escalating tension between the U.S. and Iran, combined with the sudden military clashes Continue Reading
Iran ready to do business with U.S. oil and gas companies: minister
Iran is ready to do business with U.S. oil and gas companies, oil minister Bijan Zanganeh said on Tuesday, according to SHANA, the news site of the Iranian oil ministry. Continue Reading
Saudi Oil Minister Downplays Prospect of Aramco Abandoning IPO
Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and chairman of Saudi Arabian Oil Co. Doubts about the IPO of Saudi Arabian Oil Co., better known Continue Reading
Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply
While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil supplies, Continue Reading
Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd
Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields, to more than one million barrels per day, Oil Minister Continue Reading
Iraqi oil minister asks BP to develop Kirkuk oilfields, oil ministry says
Iraqi Oil Minister Jabar al-Luaibi has asked BP ‘‘to quickly make plans to develop the Kirkuk oifields,‘’ an oil ministry statement said on Wednesday. Iraqi government forces on Monday took Continue Reading
Kirkuk crisis redraws northern Iraq’s oil map
Federal forces are continuing a lightning advance to reassert control over Iraq’s disputed territories, including major oil fields formerly claimed by the autonomous Kurdistan Regional Government (KRG). Kurdish Peshmerga forces Continue Reading
Can India Overtake China In The EV Revolution?
India faces a wide chasm between Prime Minister Narendra Modi’s campaign to make sure all new vehicles sold in India are electric by 2030 and actual sales numbers. While India Continue Reading
Major Energy Importer Bets $10 Billion On Natural Gas
Much of the attention in energy markets has been focused on OPEC and oil prices lately. But news this week suggests that a different energy commodity is quietly becoming the Continue Reading
China To Take 5% Of Rosneft’s Output In New Deal
CEFC China Energy is set to gain up to 260,000 barrels per day of oil supplies from Russia as part of its recent deal with Moscow to invest $9.1 billion Continue Reading
Volvo Cars, Geely investing US$756M to develop Polestar electrified vehicles;
Volvo Cars and its owner, China-based Geely Holding, will jointly invest RMB 5 billion (US756 million) to support the initial phase of Polestar’s product, brand and industrial development. Polestar, the Continue Reading
Penn State team devises new control strategy to enhance EV battery performance when driving in cold temperatures
Main Researchers at Penn State, with a colleague from EC Power, have devised a new control strategy that can rapidly restore EV battery power and permit full regeneration while driving Continue Reading
U.S. regulator hints at changes to plan boosting coal, nuclear plants
The head of the Federal Energy Regulatory Commission said on Tuesday that a directive from the U.S. energy secretary to prop up struggling nuclear and coal power plants has initiated Continue Reading
U.S. shale producers ‘hedging like mad’, to boost investments: Total CEO
The U.S. shale industry will see another wave of investments as producers are “hedging like mad” against a fall in oil prices, the chief executive of Total Patrick Pouyanne said Continue Reading
Canada’s oil sands survive, but can’t thrive in a $50 oil world
Canada’s oil sands producers are stuck in a rut. The nation’s oil firms are retrenching, with large producers planning little or no further expansion and some smaller projects struggling even Continue Reading
Shell Shale Leader Discusses the ‘Non-Moonshot’
Collaboration, repurposing tech will help company to achieve ‘shale field of the future,’ says exec. Like other major natural gas producers, Shell has a vested interest in ensuring that the Continue Reading
US uranium producers plagued by low prices, scant utility purchasing
Market sources say US companies appear to be on course to produce about 1.6 million pounds of uranium this year, the lowest amount since 1951. Jim Ostroff explains that it Continue Reading
Planting Trees Could Cut Emissions As Much As Quitting Oil
Planting more forests and managing land use better could be the biggest natural climate solution, because nature could deliver more than 30 percent of the emissions reduction needed to curb Continue Reading
Oil Gains Spur Growth In Canada’s Oil Cities
A modest rebound in oil and gas prices in international markets has given Calgary and Alberta the distinction of being the fastest growing metropolitan areas in Canada this year, according Continue Reading
The U.S. LNG Boom Could Be About To Stall
While speaking before industry executives last June, United States President Donald Trump asserted that he had “ended the war on coal” and that America would be “dominant” in energy. But Continue Reading
General Motors to test self-driving cars in New York City
General Motors plans to become the first company to test self-driving cars in New York City, in some of the world’s worst traffic, as traditional automakers battle technology titans to Continue Reading
GM Plans to Make Systems for Autonomous Cars
Daniel Ammann, president of GM, speaks during the Wall Street Journal D.Live global technology conference in Laguna Beach, Calif., on Tuesday. “The approach that we are taking to that is Continue Reading
U.S. retail gas market in post-hurricane recovery mode
Barring a few select markets, most U.S. drivers are seeing a decline in gas prices as the energy sector recovers from recent hurricanes, market analysis found. Motor club AAA recorded Continue Reading
Coal still holds a slight edge as U.S. power source
U.S. coal production in the first half of the year is slightly lower than last year, but still holds an edge as an electricity source, the government said. The U.S. Continue Reading
Dominion sees Maryland Cove Point LNG export terminal on line in fourth quarter
Virginia energy company Dominion Energy Inc said Tuesday its $4 billion Cove Point liquefied natural gas export facility in Maryland was about 96 percent complete and was expected to enter Continue Reading
VW Fails To Secure Critical Commodity For EVs
The German carmaker last month put out a tender seeking a five-year supply of the strategic metal at a fixed price. But people familiar with the deal said the offer Continue Reading
ABB, Fastned support Autocharge automatic authorization for charging sessions
The standards-based Autocharge feature enables automatic authorization for EV charging sessions, offering drivers an easy ‘plug in and walk away’ user experience. Autocharge enables a charge session to be automatically Continue Reading
Oil demand likely to peak by 2030
As electric vehicles are to increase their popularity, particularly beyond 2025, the world petrol demand is to peak within 13 years, says a report by UK-based analysis firm Wood Mackenzie. Continue Reading
Oil rises 1 percent as Iraq fighting shuts output in Kirkuk
Crude prices rose 1 percent on Monday as Iraqi forces entered the oil-rich city of Kirkuk, seizing territory from Kurdish fighters and briefly cutting some crude output from OPEC’s second-largest Continue Reading
Kemp: Investors Hit Peak Bullishness On Oil
The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by Continue Reading
Geopolitical risk adds big premium to oil prices Monday
Geopolitical issues and concerns added a considerable risk premium to the price of oil on Monday as fighting erupted in the north of OPEC member Iraq. Much of the oil Continue Reading
U.S. shale output seen posting 11th straight rise in November: EIA
U.S. shale production for November is forecast to rise for a 11th consecutive month, the U.S. government said on Monday, as U.S. prices CLc1 stabilize around $50 a barrel. U.S. Continue Reading
Are the Days of Low Oil Prices Receding?
Oil prices rose on Monday, fueled by jitters about a disruption in supplies after government forces in Iraq moved on the Kurdish-held city of Kirkuk and on oil installations seized Continue Reading
OPEC compliance with oil output cut deal at 86 percent: IEA head
The Organization of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 percent, Fatih Birol, the executive director of the International Energy Agency Continue Reading
Trump hostility set to deepen Iran power struggles
Iranians quickly closed ranks against a hawkish new U.S. approach to Tehran, but Iran’s powerful hardliners are set to exploit the latest dispute with Washington to weaken domestic rivals who Continue Reading
Iraqi forces seize oil city Kirkuk from Kurds in bold advance
Iraqi government forces captured the major Kurdish-held oil city of Kirkuk on Monday, responding to a Kurdish referendum on independence with a bold lightning strike that transforms the balance of Continue Reading
Amid fighting, Kurdish oil payments continue
The Kurdish government in Iraq made good on an agreement to distribute a share of the production revenue from an oil field, a Norwegian company said Monday. Norwegian oil and Continue Reading
Kurds’ independence dreams shattered as Iraqi tanks enter Kirkuk
A month ago, Iraq’s Kurds raised their hopes for independence after voting overwhelmingly ‘Yes’ to break away from Iraq in a contentious referendum. Now, those dreams appear shattered after Iraqi Continue Reading
Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary
OPEC and its partners may not need to extend the November 2016 crude oil production cut agreement beyond its March 2018 deadline if everyone fully complies with their quotas, Kuwait’s Continue Reading
Aramco Says No Plans To Shelve IPO
Following an FT report from Friday, Saudi Aramco tweeted on Saturday that it had no intention of shelving its plan for an initial public offering in 2018. The company called Continue Reading
Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources
State-owned Saudi Aramco has asked FTI Consulting ( FCN.N ) to suspend its investor relations advisory work related to the oil company’s planned initial public offering, people familiar with the Continue Reading
Is The Aramco IPO On The Brink Of Collapse?
In what could be a humiliating decision, Saudi Aramco is considering not staging an IPO next year as planned, due to the difficulty of pulling off an international listing. On Continue Reading
Iraq’s NOC vows to maintain Kirkuk oil flows after ousting Kurds
Iraq’s state-run North Oil Company vowed to maintain continuity in production and exports of Iraq’s northern crude flows Monday after an advance by federal forces ousted Kurdish troops controlling parts Continue Reading
African Petroleum shaky, but confident, about oil offshore West Africa
African Petroleum upbeat about its prospects despite a series of setbacks with its West African portfolio. Photo courtesy of African Petroleum. Oct. 16 (UPI) — Some of the more promising Continue Reading