Coastal States Protest Trump’s Offshore Drilling Plan
Less than a week after the Trump Administration proposed to open almost the entire U.S. coast to oil and gas drilling, Secretary of the Interior Ryan Zinke backtracked and took Continue Reading
Should Big Oil Pay For Climate Change?
On Wednesday, New York City announced that it would sue the five oil majors—ExxonMobil, Chevron, ConocoPhillips, Royal Dutch Shell and BP—over their role in fueling climate change. Also, New York Continue Reading
Wind And Solar Prices Continue To Fall
The green energy company Xcel Energy reported low bids on orders for wind and solar installations with storage in 2016. Bids for wind energy alone stood at just $18.10/MWh, which Continue Reading
North Sea oil production could be higher this year
Total British offshore oil and gas production was up from 2016 and even more, is expected as the Catcher field in the North Sea ramps up, Premiere Oil said. Premiere Continue Reading
Oil dips away from three-year highs on signs of overheated market
Oil dipped away from three-year highs on Thursday on signs that a 13-percent rally since early December may have run its course, although a surprise drop in U.S. production and Continue Reading
3 Million Barrels Per Day Could Go Offline In 2018
Late last year, Venezuela’s government defaulted on millions of dollars’ worth of debt , with larger and more significant payments maturing this year. The ability to service billions in debt Continue Reading
Oil rally takes Brent crude closer to 3-year high
Brent crude has risen to its highest price level in almost three years as Opec-led production cuts take effect, global oil stockpiles fall and geopolitical tensions rise, overriding concerns about Continue Reading
Whispers of $80 Oil Are Growing Louder
On Wednesday, U.S. crude futures rose 0.97% to $63.57 a barrel and Brent, the global benchmark, was up 0.55% at $69.20 a barrel. Byron Wien, vice chairman of the Private Continue Reading
The Biggest Loser Of The OPEC Deal
OPEC’s oil production and supply cuts—now in their second year—have claimed a victim. It’s an industry that’s vital for the crude oil exports of oil-producing countries: supertanker shipping. The supertankers, Continue Reading
Goldman: OPEC Will Talk Oil Prices Down If Brent Tops $70
OPEC doesn’t want central banks around the world the start responding to inflationary pressure from oil prices above $70 a barrel, nor do they want U.S. shale investments to rise, Continue Reading