Oil Prices Wane After Output Cap Extension
Oil prices fell Monday, as the market appeared to look past OPEC’s agreement late last week to extend its crude production cuts through the end of 2018 . U.S. crude Continue Reading
Gasoline Prices Begin To Fall As Demand Tapers Off
Gasoline prices in the United States are slowly falling after a Thanksgiving high, according to emerging data on the fuel’s price points. But drivers should enjoy the current falling prices—because Continue Reading
LNG is the fuel of choice, maritime shipper says
Two French companies, supermajor Total and maritime shipper CMA CGM, agree on LNG as a fuel source with deliveries slated for 2020. Photo courtesy of Total Dec. 4 (UPI) — Continue Reading
OPEC oil output falls in November to lowest since May
OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, Continue Reading
The One Indicator OPEC Must Watch
“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended Continue Reading
OPEC’s November Output Drops 300,000 Bpd
OPEC’s oil output fell by 300,000 barrels per day in November, giving the bloc its lowest production rate since May, according to a new Reuters survey. Cuts in Angola and Continue Reading
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. (Bloomberg) — Don’t expect Big Shale to rush and fill the hole left Continue Reading
Saudi Oil Minister Hints At Post OPEC Deal Strategy
OPEC and Russia-led non-OPEC oil producers left any ‘exit strategy’ talk out of their agreement to extend the production cut pact through the end of 2018 last week, and now Continue Reading
What’s Holding Back Saudi Vision 2030?
Nineteen months after Crown Prince Mohammed bin Salman (MBS) originally announced Vision 2030—the privatization of state assets to power an economic restructuring—the deals are slow to actualize. “It’s going to Continue Reading
More oil found in the Kurdish north of Iraq
Though it’s too early to make any estimate on the reserve potential, British energy company Genel said it found more oil in the Kurdish region of Iraq. Genel has a Continue Reading
Yemen’s ex-president Saleh shot dead after switching sides in civil war
Veteran former president Ali Abdullah Saleh was killed in a shooting on Monday after switching sides in Yemen’s civil war, abandoning his Iran-aligned Houthi allies in favor of a Saudi-led Continue Reading
Ford ramps up electric vehicle push in China amid slowing sales
Ford Motor Co ( F.N ) will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the U.S. firm said at an event in Shanghai on Tuesday, Continue Reading
Pollution stops play at Delhi Test match as bowlers struggle to breathe
A cricket Test match between India and Sri Lanka was repeatedly interrupted on Sunday with claims players were “continuously vomiting” due to hazardous pollution levels in the Indian capital. Commentators Continue Reading
China Orders Regions To ‘Regulate’ Surging Natural Gas Prices
China’s state planning commission has ordered eight Chinese regions to “regulate” surging gas prices amid winter heating demand and the switch to gas from coal, by meeting on Monday with Continue Reading
Can We Skip Straight to Renewable Energy Without Natural Gas?
A protest this weekend at the site of a proposed natural gas power generator on the Cape Cod Canal highlights the controversy surrounding the rise of natural gas. Some say Continue Reading
After 2.5 Billion Barrels, Eagle Ford Has More Oil Coming
Mark Twain would appreciate irony in the Eagle Ford Shale, where rumors of the play’s impending exhaustion are greatly exaggerated. The Eagle Ford has produced 2.5 billion barrels (Bbbl) of Continue Reading
Report: LNG Project Sanction Uptick in 2018
There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and Continue Reading
Don’t Count On A Utah Shale Boom
On Monday, President Trump announced his plan to shrink Bears Ears National Monument by 85 percent, while also cutting Grand Staircase-Escalante National Monument by half, a move that could open Continue Reading
The Electric Truck Revolution Is About To Accelerate
In fact, I would argue that electrically-powered wheels may come to the trucking market faster than the world of passenger cars. The reason is simple. Trucking companies—like any capitalist, profit-maximizing Continue Reading
Oil Refiners And Farmers Battle Over Biofuels
President Donald Trump has agreed to meet representatives of the U.S. oil refining industry and oil-supporting lawmakers to discuss the Renewable Fuel Standard Program—a meeting that could set the stage Continue Reading
Tax Bill Supports Oil And Gas Industry, API President Says
The U.S. Senate passing the tax reform bill is pro-growth legislation that would help the domestic oil and gas industry, Jack Gerard, President and CEO of the American Petroleum Institute Continue Reading
The Stunning Energy Cost Of Tesla’s Semi-Truck
Elon Musk’s reliance on shock-and-awe tactics and unjustifiably lofty performance projections is creating serious problems for the so-called visionary as a growing number of experts have come forward to explain Continue Reading
Energy and conservation groups split over U.S. tax overhaul
A measure inserted in a bill meant to overhaul the U.S. tax code includes a provision to open up parts of a wilderness refuge area in Alaska to oil and Continue Reading
U.S. energy sector gains drag on oil prices
Steady improvements in the North American energy sector and a forecast about a geopolitical risk premium sent crude oil prices lower early Monday. Members of the Organization of Petroleum Exporting Continue Reading
Physicists Just Found a Loophole in Graphene That Could Unlock Clean, Limitless Energy
By all measures, graphene shouldn’t exist. The fact it does comes down to a neat loophole in physics that sees an impossible 2D sheet of atoms act like a solid Continue Reading
Bill McKibben: Winning Slowly Is the Same as Losing
If we don’t win very quickly on climate change, then we will never win. That’s the core truth about global warming. It’s what makes it different from every other problem Continue Reading
FastCharge consortium evaluating ultrafast charging; 450 kW anticipated
The German FastCharge project, inaugurated in July 2016, is investigating the limits of fast charging systems for the future. Participants of the three-year project are Allego GmbH, the BMW Group Continue Reading
First Hybrid Electric-Powered Airliner Could Fly by 2020
By 2020, Airbus, in collaboration with Siemens and Rolls Royce are aiming to test their first hybrid electric aircraft engine on a BAe146 If all goes well, sometime in 2020, Continue Reading
Oil Falls Below $58 as Rig Count Counters OPEC Curbs Extension
Oil dropped below $58 a barrel as investors weighed an increase in U.S. drilling rigs against OPEC’s promise to extend output cuts through the end of next year. Futures fell as Continue Reading
The Biggest Oil Producers Flying Under The Radar
This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for Continue Reading
Does OPEC Need An Exit Strategy?
One of the crucial details that OPEC omitted when it rolled over its production cuts for another year was how the group plans on winding down the agreement. When pressed Continue Reading
OPEC expects to stick to cuts in second half of 2018: Saudi minister
Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market outlook was clearer, even though OPEC was Continue Reading
Oil demand: Beware the gap
Forget a peak – falling production from existing fields should be the market’s immediate focus Peak oil demand has swiftly moved from concept to potential to symbolic talisman— and it Continue Reading
US tight oil: Too light, too sweet
International buyers’ appetite may start to wane in 2018 US light tight oil output is transforming world oil markets. After falling during the 2015 oil price crash, total American production Continue Reading
Britain’s Genel finds oil bearing reservoirs in north end of Taq Taq field
(Reuters) – Genel Energy Plc said on Monday that one of its wells, drilled to appraise the northern end of its Taq Taq oilfield in Kurdistan region of Iraq, encountered Continue Reading
Exxon eyes Egypt’s offshore oil and gas
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
The Man Behind The Oil Price Rally
The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is Continue Reading
Iran’s Elaborate Sanction-Skirting Scheme
Turkish authorities and banks cooperated with Tehran in the development of a scheme aimed at providing Iran with international markets for its gas in exchange for hard currency that was Continue Reading
Venezuela to Create a Cryptocurrency Amid Bolivar’s Free Fall
Maduro says cryptocurrency to be known as the ‘petrocurrency’ To be backed by reserves in oil, natural gas, gold, diamonds Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin Continue Reading
U.S. regulator raises concerns about weights on energy pipelines
A U.S. regulator’s preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands Continue Reading
U.S. regulator raises concerns about weights on energy pipelines
A U.S. regulator’s preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands Continue Reading
Drilling in Alaska refuge likelier as Senate clears tax bill
Oil and gas drilling in a vast northern Alaskan wildlife refuge the U.S. government has protected since 1960 moved a step closer to reality on Saturday with the passage by Continue Reading
New UK-wide map of air pollution; insights into nitrogen dioxide levels across the country and within towns and cities
« BP and Copersucar to form a new ethanol joint venture in Brazil | Main | Long Beach Transit receives $600K grant for 40 Cummins near-zero CNG engines » EarthSense Continue Reading
Oil settles up but off highs as Flynn news spooks Wall Street
Oil prices settled up slightly on Friday, but came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump’s exposure Continue Reading
OPEC Extension Sends Oil Prices Soaring
OPEC followed through on its promise, extending the production cuts through the end of 2018, bringing relief to an oil market that had grown jittery in recent days. Oil prices Continue Reading
Oil Price to Rise in 2H18 with OPEC, NOPEC Cut Extension
Supply-demand balance expected to tighten in second half of 2018. The OPEC and NOPEC agreement to keep current production restraints in place through 2018 will contribute to an oil price Continue Reading
OPEC extension a win-win, even for U.S. shale oil producers
A move by parties to an OPEC-led agreement to extend a production cut deal to the end of 2018 is a win-win, including for U.S. shale oil players, analysts said. Continue Reading
Saudi Arabia and Russia reach compromise on oil pact: Kemp
Ministers from OPEC and their allies have agreed to extend their production pact all the way to the end of 2018 but with a review in June that will take Continue Reading
Iraq says southern oil exports set a record
The Iraqi Oil Ministry said exports from southern ports set a record, but more work was needed to make up for losses from issues in the north of the country. Continue Reading
Iraqi exports shoot to near-record levels
Federal Iraq earned more monthly oil revenue in November than it has since October 2014, due to rising oil prices and a nearly 5 percent jump in exports. The new Continue Reading