Tesla unleashes supercar from newly launched truck
Tesla stunned attendees at what was billed as an unveiling of its move into haulage trucking by revealing a revamped Roadster, which founder Elon Musk said would be the “fastest Continue Reading
Tesla Reveals Semi Truck With 500-Mile Range, New Roadster Car
Tesla Inc. Chief Executive Elon Musk on Thursday revealed the company’s first all-electric semitrailer truck and a $200,000 super car, his latest attempt to stir excitement for his vision to Continue Reading
These are the melting glaciers that might someday drown your city, according to NASA
This NASA Earth Observatory image obtained July 27, 2012, shows a massive ice island as it broke free of the Petermann Glacier in northwestern Greenland. (Jesse Allen and Robert Simmon/NASA Continue Reading
PPG partners with SiNode Systems to commercialize high-energy silicon-graphene anodes
PPG has entered into a partnership with SiNode Systems to accelerate the commercialization of high-energy silicon-graphene anode materials for advanced battery applications in electric vehicles. The 30-month project will enable Continue Reading
The Undisputed Leader Of Tomorrow’s Oil & Gas Markets
The United States will become the undisputed leader of global oil and gas production in the longer term, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said Continue Reading
Oil Tycoon Hamm Slams EIA’s Overoptimistic Shale Forecasts
As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly optimistic expectations depress oil prices and disadvantages the U.S. market, Continue Reading
Fisker has filed patents for solid-state batteries
It seems that we’re on the cusp of a solid-state battery revolution. The latest company to announce progress in developing the new type of battery is Fisker . It has Continue Reading
New Battery Design Could Crush Tesla
We all know the story behind Fisker, it was one of the world’s first plug-in hybrid electric vehicles in 2008, and even had a legal spat between Tesla, but shortly Continue Reading
Alaska tries again with ANWR drilling
Opening up an Arctic wildlife refuge to drillers is either a sellout to the oil industry, or a symbolic win for the economy, depending on one’s position. Competing claims were Continue Reading
High U.S. oil exports the new normal under right conditions
The sale of oil from the Bakken shale basin in North Dakota is in fact a “new reality,” so long as market conditions are right, an analyst said. U.S shale Continue Reading
NASA considers which cities will flood as ice sheets melt
New research offers more accurate predictions about where meltwater from shrinking glaciers is most likely to end up and encourage costal flooding. Photo by UPI/Matthew Healey Nov. 16 (UPI) — Continue Reading
U.S. to account for most world oil output growth over 10 years: IEA
The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas Continue Reading
In Bonn, Trump’s Answer to Global Warming? Drill, Baby, Drill!
Every year around this time, negotiators from across the globe meet in one city or another—Montreal, Marrakech, Copenhagen, Paris—to resolve that the world really ought come up with a plan Continue Reading
EU’s Tusk calls for swift decision on Russian pipeline
The head of the European Council, Donald Tusk, has urged EU nations to swiftly adopt a change of rules to help the bloc in its attempt to regulate Russia’s planned Continue Reading
Rosneft board approves oil deal with China’s CEFC: source
Russia’s Rosneft has approved a 2018 deal to supply CEFC China Energy about 12 million tonnes of crude oil as part of the Chinese firm’s $9.1 billion investment in the Continue Reading
Shale-rich Oklahoma facing uphill budget battle
Oklahoma Gov. Mary Fallin said she’d rather vote again on a previous plan to close a budget gap over what passed out of the state House for the shale-rich state. Continue Reading
New oil expected from North Sea by December
New oil production is on pace to start in December from a floating production facility off the east coast of Scotland, Premiere Oil said Thursday. “In the United Kingdom, the Continue Reading
Oil steady as expected output curbs balance U.S. supply
Oil markets stabilized on Thursday as expectations that OPEC would extend production limits balanced rising U.S. crude production and inventories. Brent crude oil LCOc1 was up 20 cents a barrel Continue Reading
Transportation constraints and export costs widen the Brent-WTI crude oil price spread
In its November Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price Continue Reading
Lower Oil Prices Add to High-Yield Bond Woes
With oil prices falling again on Wednesday , signs are pointing to another tough day for high-yield bonds in general, and energy bonds in particular. The most actively traded junk Continue Reading
Oil prices fall for fourth day after U.S. crude stocks rise
Oil prices fell for a fourth session on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a Continue Reading
What Happens If The OPEC Deal Extension Fails?
The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what Continue Reading
OPEC October Production Data
All data below is based on the latest OPEC Monthly Oil Market Report . All data is through October 2017 and is in thousand barrels per day. I have now Continue Reading
Saudi Aramco says state corruption purge should hearten investors
Saudi Arabia’s sweeping anti-corruption purge should be viewed “very positively” by potential investors in Saudi Aramco as a sign the kingdom is committed to economic reform, according to the chief Continue Reading
Why Saudi Arabia Should Fear U.S. Oil Dominance
Now, after half a century as a net importer, the U.S. is poised in the coming decade to become a net exporter, as imports from historic sources decline and demand Continue Reading
The Saudi Coup Signals War And The New World Order Reset
For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar Continue Reading
Falling Iraqi Oil Output Drags OPEC Production Down
All data is through October 2017 and is in thousand barrels per day. (Click to enlarge) I have now included Equatorial Guinea although I only have data from January 2015 Continue Reading
The Upstart Saudi Prince Who’s Throwing Caution to the Winds
RIYADH, Saudi Arabia — With the tacit backing of his father, Saudi Arabia’s 32-year-old crown prince has established himself as the most powerful figure in the Arab world, rushing into Continue Reading
Iran reports strong gains in tax revenue from oil sales
Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday. The bank reported Continue Reading
Lebanon accuses Saudi Arabia of holding its PM hostage
Lebanon’s president on Wednesday accused Saudi Arabia of holding hostage prime minister Saad al-Hariri along with his family – the first time he has explicitly said he was being held Continue Reading
Africa’s richest woman removed as head of Angola state oil group
Angola’s president João Lourenço has dismissed Africa’s richest woman, Isabel dos Santos, as head of the country’s state oil company, in a bold move to wrest power from the family Continue Reading
African Americans Face Higher Health Risks from Oil, Gas Pollution
A new report suggests that African Americans face disproportionate health risks than other races due to pollution from oil and gas. The health risks for African Americans caused by environmental Continue Reading
Russia Offers Venezuela Debt Relief
Wilmar Castro, Venezuela’s vice president for the economy, and Finance Minister Simon Zerpa, right, attend a briefing in Moscow at the signing of a deal between Russia and Venezuela on Continue Reading
Russia and Venezuela agree $3bn debt restructuring
Russia has come to the aid of Venezuela with a deal to restructure $3.15bn of sovereign debt, allowing Caracas to meet obligations to other creditors and underlining Moscow’s role as Continue Reading
Venezuela Signs $3.15B Debt Restructuring Deal With Russia
Russia is throwing a life-line to defaulting Venezuela after the two countries signed on Wednesday a deal to restructure US$3.15 billion worth of Venezuelan debt owed to Moscow. Under the Continue Reading
Russia Offers Venezuela Debt Relief
Wilmar Castro, Venezuela’s vice president for the economy, and Finance Minister Simon Zerpa, right, attend a briefing in Moscow at the signing of a deal between Russia and Venezuela on Continue Reading
Venezuela wins Russia and China backing as it says it is honoring debt
Venezuela won easier debt terms from Russia and got a vote of confidence from China on Wednesday, as the oil-rich country said it had starting making interest payments on bonds Continue Reading
China’s Mysterious Arctic Silk Road
The Silk Road, renamed the Belt and Road Initiative (BRI), is developing infrastructure along land and sea trade routes. However, little is known about China’s initiative in the Arctic Circle, Continue Reading
China’s oil refiners rush to cash in on bumper profits
Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after Continue Reading
Volkswagen Plans $12 Billion Electric-Car Blitz in China
Volkswagen AG and its Chinese partners will jointly invest nearly $12 billion by 2025 in developing electric cars for the local market, VW’s China chief executive said. That will enable Continue Reading
VW commits $12bn to build electric cars in China
Volkswagen will invest €10bn ($11.8bn) to develop new-energy vehicles (NEVs) in China by 2025, its China head announced Thursday. The European carmaker will launch 40 locally produced vehicles in China, Continue Reading
China lists combustible ice as new mineral variety
China has approved listing natural gas hydrate, or combustible ice, as the country’s 173rd mineral variety, a move that will speed up the exploitation of the clean energy source, an Continue Reading
U.S. crude, gasoline stocks build unexpectedly as output rises: EIA
U.S. crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday. Crude inventories rose for a second Continue Reading
Keystone XL opponents make last-gasp effort in Nebraska
Opponents of TransCanada’s Keystone XL pipeline have launched a last-minute public relations blitz before Nebraska regulators weigh in on its route next week in the last big regulatory hurdle for Continue Reading
End tax credits for wind energy now, Tennessee Republican says
A Tennessee Republican says wind energy has advanced to the point that it no longer needs tax breaks. Tennessee draws most of its power from coal. It’s wasteful to keep Continue Reading
Elon Musk Plugs New Truck Even as Model 3 Faces Delays
Tesla has been teasing images of the truck it plans to unveil on Thursday. ‘It can transform into a robot, fight aliens and make one hell of a latte,’ Chief Continue Reading
Summary of Weekly Petroleum Data for the Week Ending November 10, 2017
U.S. crude oil refinery inputs averaged over 16.6 million barrels per day during the week ending November 10, 2017, 334,000 barrels per day more than the previous week’s average. Refineries Continue Reading
EIA says US West Coast jet fuel imports reach 10-year high
Jet fuel imports to the US West Coast reached their highest level in more than 10 years in the week ended November 10, Energy Information Administration data showed Wednesday. West Continue Reading
Natural Gas has no Climate Benefit and May Make Things Worse
The evidence is overwhelming that natural gas has no net climate benefit in any timescale that matters to humanity. In fact, a shocking new study concludes that just the methane Continue Reading
Is U.S. Energy Independence In Sight?
The International Energy Agency made headlines Monday when it declared in its World Energy Outlook 2017 that the U.S. could be a net exporter of oil within a decade. The Continue Reading