UK receives first cargo from Russia’s Yamal LNG
The first cargo lifted from Yamal LNG has been delivered into the UK’s Isle of Grain terminal aboard the Arc 7 tanker, the Christophe De Margerie, according to data from Continue Reading
An Open letter to the School of Public Health, UQ, re: the looming net energy cliff
Open Letter To: Staff of the School of Public Health, Re: The looming Net Energy Cliff, Global Economic/Industrial collapse and Human Die-off “infinite consumption from a finite resource base is Continue Reading
U.S. oil prices hit highest since mid-2015 on surprise output drop
U.S. oil prices hit their highest levels since mid-2015 on the final trading day of the year as an unexpected fall in American production and a fall in commercial crude Continue Reading
Oil Prices Steady After EIA Reports Crude Draw
Amid a mixture of news pulling oil prices in opposite directions the Energy Information Administration reported another draw in U.S. crude oil inventories for the week to December 22. The Continue Reading
Oil Price Volatility Crashes To Three-Year Low
Oil price volatility continues to dive, dropping to a three-year low as 2017 comes to a close. The CBOE Crude Oil Volatility Index (OVX) recently dipped below 20, a level Continue Reading
Analysts See WTI Averaging $56 In 2018
Expectations of robust oil demand growth and high OPEC and allies’ commitment to the production cuts have prompted analysts to raise again their forecast for oil prices in 2018, and Continue Reading
Oil Resurrection Sets Stage for Another OPEC-Shale Clash in 2018
OPEC cuts drive price gain as threat of U.S. output persists WTI, Brent up more than 11% this year; set for 2nd annual gain Oil’s revival from the biggest crash Continue Reading
Algeria’s shale gas plans will take time, require tough reforms
Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports, but developing the industry will take time and Continue Reading
Libya oil company to fix blown-up pipeline in ‘very few’ days
Libya’s Waha Oil company plans to repair a crude pipeline blown up on Tuesday within a “very few” days, it said on Thursday. On Tuesday, the explosion, about 130 km Continue Reading
Iran’s economy ‘on a good trend’
Iran says its economy is in good shape in the post-sanctions environment, even amid warnings of external pressures. File photo by Maryam Rahmanian/UPI. Dec. 28 (UPI) — The economy for Continue Reading