Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States, Canada and Mexico can successfully conclude a Continue Reading
Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in Continue Reading
Tearing down the infrastructure from aging North Sea oil and gas fields could generate a stream of revenue for the industry as a whole, a consultant group said. Royal Dutch Continue Reading
Just over a year ago we noted that, after being forced to withdraw at least $15 billion to fund 2017 budget deficits, the $860 billion Norwegian sovereign wealth fund announced Continue Reading
Higher wind generation and lower demand drove UK power system prices into negative territory over the weekend, according to traders and National Grid data. The daily minimum system sell price Continue Reading
Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” Continue Reading
OPEC-led production cuts contribute to market stability: Iraq U.S. drillers boost rig count by most in more than six months Oil traded near the highest close in more than three Continue Reading
Oil prices took a breather in early trading on Friday, raising questions over what will happen next. Can the rally continue, pushing Brent well into the $70s? Or will prices Continue Reading
Brent crude rose to a three-year high of $70 a barrel last week, but there are questions about the rally’s resilience as higher oil prices threaten to unleash a new Continue Reading
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… Today, we have a surplus Continue Reading
