Baker Hughes: US Oil Rig Count Rises For Fifth Straight Week
US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Feb 23 (Reuters) – U.S. energy companies Continue Reading
US seeks energy ‘dominance.’ But is that a shield against geopolitical risks?
For decades, haunted by fears of oil shortages, the United States made “energy independence” its goal. Today, with the nation poised to become the biggest oil and gas producer in Continue Reading
Permit revoked for Energy Transfer Partners’ Louisiana pipeline
A federal judge in Louisiana on Friday revoked a permit for Energy Transfer Partners’ Bayou Bridge crude oil pipeline, halting work on a portion of the project following protests by Continue Reading
Norway’s wealth fund eyes low-carbon society in energy investments
Norway’s $1 trillion sovereign wealth fund, the world’s largest, will generally shun investments in energy sources such as coal that are unlikely to be needed in a future low-carbon society, Continue Reading
BP Predicts Renewables Will Peak by 2040
One of the world’s leading energy companies, BP is predicting renewable energy sources to be influential in shaping the global energy sources by 2040. The report released by BP proposed Continue Reading
Russia remains China’s top oil supplier as pipeline expands
Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the start-up of an expanded trans-Siberia pipeline and as Beijing Continue Reading
Oil slips to $66 a barrel as U.S. output offsets OPEC curbs
Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising U.S. oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. U.S. Continue Reading
Oil Prices Surge on Bullish U.S. Supply Data
Oil prices rose Thursday after government data showed an unexpected decline in U.S. crude stockpiles amid steady production and rising exports. Light, sweet crude for April delivery advanced $1.30, or Continue Reading
U.S. Oil Boom Tempts Saudis to Consider American Crude Sale
Aramco said to have mulled Feb. sale via Motiva unit to Asia State-run Saudi firm decided sale was unviable for the month Even Saudi Arabia wants in on the U.S. Continue Reading
OPEC balancing act depends on over-performance
Compliance with the OPEC-led effort to balance the market with production cuts was supported by “several over-performing countries,” a committee said. The Organization of Petroleum Exporting Countries, with support from Continue Reading