China’s coal imports from key supplier Australia surged in January from a year ago, customs data showed on Saturday, boosted by strong demand at utilities amid freezing weather. The world’s Continue Reading
As shale oil makes a comeback, the United States could outstrip Russia and Saudi Arabia to become the world’s biggest oil producer. But is this new boom in black gold Continue Reading
Intel Two real-life, practical, semi-autonomous vehicle launches next year are an indication that the self-driving car is really happening. Audi is expected to make its up-to-35-mph hands-free driving system available Continue Reading
U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure Continue Reading
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
A U.S. court temporarily blocked the Trump administration from delaying or ending an Obama-era rule aimed at preventing oil and gas leaks during production, according to court documents, marking the Continue Reading
U.S. energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Drillers added one oil rig in the Continue Reading
The U.S. government should continue rigorous inspection of offshore oil and gas development, more than a dozen Democratic senators said. The Department of Interior was called on to continue a Continue Reading
Massachusetts officials thought they were close to securing future supplies of green energy by piping in hydroelectric power from Canada. But a week after Massachusetts said yes to the $1.6 Continue Reading
The total number of oil and gas rigs now stands at 978, which is an addition of 224 rigs year over year. The number of oil rigs in the United Continue Reading
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
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
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 $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
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 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 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 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
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
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
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that for Continue Reading
Libya’s National Oil Corporation has evacuated its workers from the El Feel, or Elephant, oil field amid threats from the field’s guards who are locked in a pay dispute with Continue Reading
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national Continue Reading
S&P Global Platts released a blockchain-based product that “will allow market participants to submit weekly inventory oil storage data” to the United Arab Emirates’ Fujairah Oil Industry Zone (FOIZ) and Continue Reading
Iraq’s oil production remained strong in January, averaging about 4.548 million barrels per day (bpd), roughly in line with the trend that rounded out 2017 as a breakout year . Continue Reading
Kazakhstan’s giant Kashagan oil field is achieving new production highs every month and has done better than 300,000 b/d, but development beyond the current phase is likely to be about Continue Reading
Italy’s Eni is diverting a drillship that had been preparing to explore for gas in Block 3 offshore Cyprus after a standoff with Turkish military vessels in the area, a Continue Reading
The House of Representatives yesterday ordered the Nigeria National Petroleum Corporation ( NNPC) to stay action on the plan to expend $1.8 billion on the turn around maintenance (TAM) of Continue Reading
While workers scramble to leave Venezuela’s state-held oil firm by the thousands, PDVSA has just told its employees that they are banned from following users on social media except for Continue Reading
The dramatic fall in Venezuela’s oil production has surprised many analysts and has helped to tighten the oil market more than expected. The country’s economic outlook is grim, and the Continue Reading
The effects of U.S. sanctions on Venezuela’s economy have caused disruptions in planned upgrades for a key refinery in Aruba. Now the island’s government has reached out to the State Continue Reading
The Aruba government said on Thursday it started talks with the United States after Houston-based firm Citgo Petroleum slowed work on an overhaul of the Caribbean island’s 235,000-barrel-per-day refinery due Continue Reading
The exaggerated attention on ‘peak demand’ for oil, a point in time when demand growth for oil peaks and has started to decline, is misplaced, the authors argue, partly because Continue Reading
Nationwide crude inventories fell by most in five weeks: EIA Cushing storage at lowest since 2014 as crude exports surge Oil surged to the highest in two weeks as American Continue Reading
China is in the midst of a radical overhaul of how many of its citizens heat their homes. The government has made an aggressive push to scrap coal burning, particularly Continue Reading
China will exceed U.S. nuclear power production “soon” due to recent initiatives taken by Beijing to accelerate adoption of the alternative fuel source, according to an International Energy Agency official Continue Reading
Even with planned sales from its strategic reserves, the United States can still meet its obligations to cover an import shortage, the government said. A section of the spending bill Continue Reading
Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the Continue Reading
Net production from the Bakken shale reservoir in North Dakota set an all-time high for the company in the fourth quarter, Continental Resources said. Continental is one of the more Continue Reading
Natural gas is the bridge fuel of the future that will carry the world until renewables take over. It is much cleaner than coal and oil, and it’s cheap. Natural Continue Reading
ExxonMobil is close to issuing a final approval of a major expansion of its Beaumont refinery complex in Texas that could make it the largest crude oil processing plant in Continue Reading
Oil futures rose Thursday after US Energy Information Administration data showed an unexpected draw in crude stocks last week, lifting NYMEX April crude $1.09 to $62.77/b. Crude stocks fell 1.616 Continue Reading
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure Continue Reading
Summary of Weekly Petroleum Data for the Week Ending February 16, 2018 U.S. crude oil refinery inputs averaged about 15.8 million barrels per day during the week ending February 16, Continue Reading
Considering the established political imperatives underpinning the German energy transition (Energiewende) and the overall push toward greater use of renewables in the energy mix, let’s look at some of the Continue Reading
Ineos Shale granted permission to pursue its application to undertake a geophysical survey in Clumber Park in the High Court. Ineos Shale has been granted permission to pursue its application Continue Reading
The world has abundant fresh water but it is unevenly distributed and under increasing pressure, United Nations agencies say, as highlighted by the drought in Cape Town. On Tuesday South Continue Reading
The American Petroleum Institute (API) reported a small draw of 907,000 barrels of United States crude oil inventories for the week ending February 16, according to the API data. Analysts Continue Reading
Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories Brent crude futures LCOc1 were down 28 cents at Continue Reading
