Financial Carnage Continues To Gut Industry
As the Mainstream media reports about the next phase of the glorious U.S. Shale Oil Revolution, the financial carnage continues to gut the industry deep down inside the entrails of Continue Reading
U.S. grid regulator: interim plan could aid nuke, coal plants for years
The top U.S. electricity regulator wants to prop up ailing coal and nuclear plants for as long as it takes to determine whether they provide vital services to the grid Continue Reading
How Companies Are Pushing Ahead on Climate-Change Targets
A recent survey found 89% of just over 1,000 companies planned to cut greenhouse-gas emissions. More of the world’s biggest corporations are taking the fight against climate change into their Continue Reading
U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
The U.S. Senate energy and natural resources panel voted to open a portion of an Alaskan wildlife refuge to allow oil drilling on Wednesday, angering conservationists who had fought to Continue Reading
Toyota’s Collaborative Safety Research Center to study societal acceptance of connected and automated vehicle technologies
Toyota’s Collaborative Safety Research Center (CSRC) announced five new research projects focused on better understanding how drivers use and respond to advanced vehicle technologies, including automated driver assistance systems. The Continue Reading
Ipsos RDA study finds traditional US dealerships often not prepared for EVs
A new study by market research company Ipsos RDA has found that the EV sales process at traditional brand dealers who sell EVs alongside other vehicles, has, in many instances, Continue Reading
Poland turns to fossil fuel soulmate Trump as coal output flags
“Whenever you need energy, just give us a call,” U.S. President Donald Trump said on a visit to Poland in the summer. Now, with winter setting in, Warsaw is taking Continue Reading
U.S. sees LNG as a way to contain Russia
A national defense measure passed in the U.S. House of Representatives aims to promote energy trade in Europe as a means to contain Russia. The National Defense Authorization Act for Continue Reading
Production for Russian oil producer up 5 percent
Russian oil producer Gazprom Neft said its net profit over the first nine months was up more than 25 percent, while output increased about 5 percent. “The company is continuing Continue Reading
A Radioactive Cloud Wafts Over Europe, With Russia as Chief Suspect
Scientists across Europe have been puzzling about a phenomenon that seemed laden with mystery and menace in somewhat uneven proportions — a concentration of radioactive pollution caused by a nuclide Continue Reading
Can Russia Break Its Oil Dependence?
Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the second quarter, Continue Reading
Russian Hackers Target British Energy Industry
Russian hackers have attacked targets from the British energy industry over the last 12 months, the head of the country’s National Cyber Security Center, Ciaran Martin said. The warning, according Continue Reading
Lower Oil Prices Benefit European Refiners
European refiners have seen their energy costs drop alongside the fall in oil prices, which has boosted their competitive position compared to North and South America, but Europe is still Continue Reading
Oil prices slide after IEA casts doubt over demand outlook
Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of tightening fuel markets. A pump jack is seen at Continue Reading
Warmer weather, rising non-OPEC output threaten oil market balance
LONDON (Reuters) – Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus Continue Reading
Oil falls 2 percent on rising U.S. output, global demand concern
Oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in Continue Reading
IEA: ‘Too Early to Write Obituary of Oil’
The world’s consumers are not yet ready to say goodbye to the era of oil. The world’s consumers are not yet ready to say goodbye to the era of oil, Continue Reading
Oil Prices Nosedive On Bearish IEA Report
The IEA lowered its demand forecast by 50,000 bpd in 2017 and 190,000 bpd in 2018, raising concerns that the oil market is actually not as healthy as it seems. Continue Reading
EVs Won’t Stifle Oil Demand Anytime Soon
There will be 280 million EVs on the roads in 2040, up from 2 million today—but even this increase won’t be able to stifle crude oil demand, the International Energy Continue Reading
Oil Prices Tank After API Reports Strong Build In Crude Inventories
The American Petroleum Institute (API) reported a shocking build of 6.513 million barrels of United States crude oil inventories, against a Wall Street Journal analyst expectation that inventories would draw Continue Reading
Don’t buy the tight-market hype, IEA says
Gains in oil production from countries outside of OPEC might be more than what’s expected for demand next year, the Paris-based International Energy Agency reported. File photo by Gary C. Continue Reading
Saudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low
In push to drain crude stocks, Riyadh concentrates on America Iraq and Canada take market share in the U.S. from the Saudis For a generation, the huge, whitewashed storage tanks Continue Reading
Emirati oil production could increase by 1 million barrels per day
Oil production from a field tapped from artificial islands off the Emirati coast could jump to 1 million barrels per day by 2024, partners said Tuesday. Abu Dhabi National Oil Continue Reading
Oil Seen As Real Prize of Iran’s Kurdish Adventure
After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region’s giant Kirkuk field, with the first deliveries Continue Reading
Iraq Oil Revenue Not Enough For Sustainable Development
Haider Al-Abadi . “Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference. Iraq proclaimed itself Continue Reading
Venezuelan Bonds Fall Further After Default Determination
Venezuela’s Vice President Tareck El Aissami, center, speaking on Monday in Caracas during a meeting with bondholders and their representatives. Venezuelan bonds, already trading at distressed levels, fell further on Continue Reading
Venezuela slips deeper into crisis after default
Venezuela has suffered what is expected to be the first in a cascade of defaults on more than $60bn of international bonds after missing several interest payments. The country on Continue Reading
China’s electric car push set to trigger ‘war of attrition’
New Chinese rules mandating a boost in electric vehicle production are raising fears of a glut of battery-powered cars that carmakers will be hard pressed to sell. Regulations adopted in September Continue Reading
U.S. to Dominate Oil Markets After Biggest Boom in World History
U.S. expansion to beat Saudi oil growth, Soviet Union’s gas Lower crude prices will help buoy global demand, agency says The U.S. will be a dominant force in global oil Continue Reading
U.S. crude oil stocks soar 6.5 million bbls in unexpected build: API
U.S. crude and gasoline stockpiles rose unexpectedly last week, while distillate inventories drew, industry group the American Petroleum Institute said on Tuesday. Crude inventories rose by 6.5 million barrels in Continue Reading
Gas prices unseasonably high, but relief coming
Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found. Motor club AAA reports Continue Reading
US crude output set to rocket, says IEA
Growth in US oil output until 2025 will be the strongest seen by any country in the history of crude markets, making it the “undisputed” leader among global producers, the Continue Reading
Goldman: Automated Trucks To Cost 300k Jobs Per Year
Silicon Valley startups, technologists, and venture capitalists see great potential in the technology—even more than most traditional trucking companies are supporting. For months, Tesla CEO Elon Musk has put out Continue Reading
Geely acquiring flying car startup Terrafugia
Zhejiang Geely Holding Group has entered into an agreement to acquire Terrafugia, a US-based company developing practical flying cars.Terrafugia was founded in 2006 by five MIT graduates; since then, the Continue Reading
Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Oil producers discouraged by the rising cost of accessing the vast deposits of the Permian Basin are sneaking into a geological back door, through neighboring New Mexico. Oil producers discouraged Continue Reading
IEA’s Shocking Revelation About U.S. Shale
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But Continue Reading
Why Canadian Crude Trades At Such A Steep Discount
Canada’s oil industry faces multiple headwinds on top of an oil bust that has changed the global industry over the past few years. Canadian producers are selling their oil at Continue Reading
DRIVEtheARC EV fast charging corridor opens in Nor Cal; 55 new fast chargers at 25 locations
DRIVEtheARC, a corridor of electric vehicle (EV) fast charging stations spanning from Monterey to Lake Tahoe, announced the completion of the chargers’ deployment and its official grand opening on the Continue Reading
Russia exports most of its crude oil production, mainly to Europe
OECD is the Organization for Economic Cooperation and Development. Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d Continue Reading
BP begins share buybacks as years of austerity pay off
BP said on Wednesday it would begin a share buyback program, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign Continue Reading
Oil steady, tempered by caution over rising U.S. output
Oil prices held largely steady on Tuesday as the prospect of further rises in U.S. output offset some of the optimism that OPEC-led production cuts would tighten the balance between Continue Reading
Oil Settles Near $57 as `Glut, Glut Glut’ Gives Way to Tightness
Forecast for a tight market keeps price from straying too far Saudi-Bahrain pipeline restarted operations after brief halt Traders played follow-the-bouncing-ball with oil prices close to a 2 1/2-year high Continue Reading
Oil-Price Recovery Threatened by Weak Demand, Says IEA
Crude prices have risen roughly 20% since September. The IEA noted that oil prices have risen roughly 20% since early September—with Brent crude sustaining gains above $60 a barrel in Continue Reading
International Energy Agency – OMR
Higher prices and relatively mild early winter temperatures contributed to a downward revision to our demand forecast. Growth has been revised down by 0.1 mb/d for both 2017 and 2018 and we now see Continue Reading
Oil price response to OPEC report on demand muted
Crude oil prices were trading flat to slightly lower early Monday as traders looked to OPEC for signs of emerging trends, but held out for U.S. oil projections. The Organization Continue Reading
Oil Futures Mixed After OPEC Report
Crude output by members of the Organization of the Petroleum Exporting Countries dropped by 0.46%, to 32.59 million barrels a day in October, compared with the month prior. The move Continue Reading
Don’t Count On An OPEC Deal Extension
A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC’s November meeting as the last hope for an oil price Continue Reading
OPEC Sees Oil Demand Soaring In 2018
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production… (Click to enlarge) … sharply raised Continue Reading
OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage. LONDON, Nov 13 Continue Reading
OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market
Crude market re-balancing at a ‘quickening pace’: Barkindo U.A.E.’s Mazrouei sees 2018 as ‘recovery year’ for oil price The oil market is re-balancing at a quickening pace and production cuts Continue Reading