Can Nigeria And Libya Avoid A Production Cut?
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Maduro: Venezuela Could Stop Crude Oil Sales To U.S.
True to his ‘anti-imperialistic’ rhetoric, Venezuela’s embattled President Nicolas Maduro now says that his country could stop selling its crude oil to the United States. “The day that they don’t Continue Reading
China’s EV Plan Could Cause An Oil Price Crash
Oil prices could decline to $35 a barrel next year if China and India speed up the adoption of electric cars to cope with severe pollution, Steen Jakobsen, Chief Economist Continue Reading
U.S. Makes It To China’s Top Ten Crude Oil Supplier List
Chinese crude oil purchases from the United States jumped by 77.3 percent from September to average 208,000 bpd in October, helping the U.S. to become China’s ninth largest crude oil Continue Reading
Italian oil company given drilling permit in Alaska
Letting a foreign energy company drill into the Arctic areas of Alaska is a twin insult from the Trump administration, an advocacy group said. The U.S. Bureau of Safety and Continue Reading
Summary of Weekly Petroleum Data for the Week Ending November 24, 2017
U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending November 24, 2017, 165,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
Panel Rejects Washington Oil Terminal
A panel has rejected a project for the construction of an oil terminal at the port of Vancouver in the state of Washington on the grounds that the companies behind Continue Reading
U.S. Shale Becomes More Flexible, Hedges 900,000 Barrels
U.S. oil producers have hedged almost 900,000 barrels of future crude at prices of US$50-60 a barrel, which will likely allow them to continue growing production whatever OPEC decides to Continue Reading
U.S. crude stocks fall, but gasoline, distillates up: EIA
U.S. crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years, while gasoline and distillate stockpiles rose, the Continue Reading
Tesla most popular global electric vehicle brand between January and September 2017; EV sales accelerating
The adoption of electric vehicles (EVs) has accelerated as policymakers across the globe pass regulations to reduce emissions of air pollutants, according to the latest analysis by JATO Dynamics. 2017 Continue Reading