All eyes will be on developments in Iran this week, with the US set to decide January 12 whether to issue a waiver suspending sanctions. Street protests have yet to Continue Reading
he “huge story”, as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that Continue Reading
What sector will account for the largest source of oil demand growth over the next two decades? Most people might assume transportation, with hundreds of millions of people in the Continue Reading
The Trump administration just proposed the most sweeping offshore drilling plan in history, a proposal that calls for opening up the Arctic, Atlantic and Pacific Oceans for drilling, while also Continue Reading
U.S. oilfield service companies are gearing up for initial public offerings, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil Continue Reading
Temperature extremes across the globe spanned more than 85 degrees Celsius at the weekend as Sydney melted and parts of the U.S. froze. Western Sydney touched 47.3 degrees Celsius (117 Continue Reading
Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest stage Continue Reading
Oil had its strongest opening week for any year since 2013 as refiners and exporters whittled away at crude inventories tucked away in U.S. storage tanks. Futures rose 1.7 percent this Continue Reading
After a strong start to 2018, oil prices fell back slightly on Friday morning. While geopolitical tensions and strong inventory drawdowns were the main culprits for the rise in prices, Continue Reading
Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was driven by tightening supply Continue Reading
OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong Continue Reading
The rise in oil production in Nigeria is a result of peaceful solutions to conflict in action, though pollution is problematic, a British official said. Harriet Thompson, the British Deputy Continue Reading
Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first time Continue Reading
It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south Continue Reading
Saudi Aramco has cut the price of Arab Light for the U.S. market further for February despite shipping record-low amounts to its biggest customer. U.S. refiners will receive Arab Light Continue Reading
President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want Continue Reading
ExxonMobil’s sixth “home run” oil find on the Stabroek block offshore Guyana in less than three years may not only push estimated recoverable reserves notably higher, but could further whittle Continue Reading
$175 is what you’ll pay for gas that’s less than $3 elsewhere Pipeline constraints triggering cold-weather supply scramble Natural gas surged to 60 times the going rate as howling blizzard Continue Reading
U.S. energy companies this week cut oil rigs for the first week in three even though crude prices hovered near their highest level since the spring of 2015. Drillers cut Continue Reading
U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained. U.S. crude Continue Reading
Canadian exports of crude oil fell 2.4 percent month-on-month in November to 3.28 million barrels per day, Statistics Canada data said on Friday, after a decline in shipments to the Continue Reading
The market recovery for crude oil prices paints a good picture for U.S. exploration and production, analysis finds. File photo by Christopher Halloran/Shutterstock Jan. 5 (UPI) — Rig counts, a Continue Reading
Praised as a necessity by the industry, President Trump is wasting his time with some of the areas proposed for offshore drilling, an attorney said. Ryan Zinke , the secretary Continue Reading
More U.S. consumers seem to be buying light trucks rather than passenger vehicles, and that’s skewed the average fuel economy lower, a study found. The University of Michigan’s Transportation Research Continue Reading
The governors of California, Oregon, and Washington, as well as Florida’s Republican governor, are opposing the U.S. Department of the Interior’s plan to open more than 90 percent of the Continue Reading
There are two big complications when it comes to capitalizing on America’s federal waters. (Bloomberg Gadfly) — Energy dominance begins at home, and that includes any beachfront property you might Continue Reading
With robot precision, a series of machines at SunPower’s headquarters in San Jose, California, slices wafers from an ingot of silicon, treats them and coats them to make cells, and then Continue Reading
It’s been very cold over North America for days, but globally, 2017 has ended up smashing the record for the hottest year on record without an El Niño. And that Continue Reading
Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring U.S. production undermined a 10-percent rally from lows hit in December that was driven by Continue Reading
Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit Continue Reading
The protests in Iran have helped push oil prices up to fresh multi-year highs this week, but a lot of questions remain about the durability of the oil price rally. Continue Reading
A day after API contributed to WTI’s reaching its highest price level since 2015 with an estimated 5-million-barrel draw in crude oil inventories, the EIA reinforced the bullish mood with Continue Reading
1. Iran and rising geopolitical risks Iran is the third-largest oil producer in Opec and its output of 3.8m barrels a day represents more than 4 per cent of global Continue Reading
Investors are gaining confidence – up to a point – that 2018 will be the year of oil stocks. While shares in top energy companies have risen since mid-2017, they Continue Reading
The year in which WTI went from barely above $50 to over $60 a barrel and Brent hit OPEC’s much sought after $65 was full of the usual mix of Continue Reading
U.S. crude stocks fell last week as refiners boosted activity to the highest rate since 2005, while stocks of distillates, which include diesel and jet fuel, rose by the most Continue Reading
Before we call rockfish, shrimp and crab “dinner,” some of these species call coral reefs “home.” But those reefs, home to a quarter of all marine fish species, are now Continue Reading
Eurasia Group’s Ian Bremmer says that 2018 is “by far the greatest geopolitical risk environment that we’ve ever seen” and that this could be the year where the international community Continue Reading
The continuous rise in U.S. shale production last year offset part of the OPEC–Russia production cuts and capped oil price gains. Supported by the global inventory drawdown and geopolitical woes, Continue Reading
OPEC’s crude oil production remained largely unchanged from November in December, but that was mostly thanks to a 50,000-bpd decline in Venezuela’s production, as well as further cuts in Saudi Continue Reading
U.S. companies are eager to strengthen bilateral cooperation with Iraq in all industry sectors, especially in oil and gas, the Iraqi Ministry of Oil said on Thursday after U.S. Ambassador Continue Reading
Kurdistan’s fourth-quarter exports plummeted after Baghdad’s takeover of Kirkuk-area fields, but independent oil sales have risen modestly due to recent production increases. Oil tanks at Turkey’s Mediterranean port of Ceyhan, Continue Reading
Lack of sufficient reserve, low clearance speed of petrol at the ports, diversion of products are some of the reasons for the ongoing fuel crisis being experienced in the country, Continue Reading
China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of Continue Reading
The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal Continue Reading
An intense winter storm froze pipes and disrupted services at refineries on the U.S. Atlantic coast on Thursday, sending fuel prices higher as heavy snowfall and high winds caused electricity Continue Reading
A new offshore license schedule from the Trump administration could “open the floodgates” for drillers in the outer continental shelf, an advocacy group said. A spokesperson for the U.S. Bureau Continue Reading
It will be the deep waters like offshore Guyana that look commercial in the current market and make big and national oil companies turn a head, analysis found. Consultant group Continue Reading
The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale Continue Reading
U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending December 29, 2017, 210,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
