Oil prices were little changed on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dollar strengthened from last week’s three-year lows. Continue Reading
Despite OPEC assurances, market wary of U.S. output growth Traders awaiting key weekly government tally of inventories Oil in New York dipped on concern that expanding U.S. stockpiles knocked the Continue Reading
From the mixing of U.S. policies and special interests, to backing away from transparency in oil and gas, it’s been a “very bad year,” a watchdog group said. Transparency International Continue Reading
Oil and gas will account for over half of the world’s energy by 2040, according to BP’s latest Energy Outlook. Oil and gas will account for over half of the Continue Reading
The improved financial condition for explorers is now emboldening rig contractors to push for better pricing. (Bloomberg) — Explorers are once again testing the waters in their search for oil, Continue Reading
The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the Continue Reading
Having helped wrestle the oil market from its latest bust, OPEC is now setting its sights at avoiding the next one. While insisting that its work to drain oil inventories Continue Reading
Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Crown Prince Mohammed bin Salman, commonly referred Continue Reading
While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to threat by depot owners. On Tuesday, Continue Reading
Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed Continue Reading
Cyprus said on Wednesday it would press ahead with oil and gas exploration, signaling resolve in a standoff with Turkey over access to potential energy riches after Ankara extended military Continue Reading
A pillar of the Saudi social contract has been the allocation of oil rents to the population in exchange for loyalty and fidelity to the Saud clan. A key weakness Continue Reading
Oil was found flowing naturally for the first time ever onshore in Jamaica at two locations in what could be a door opener in the Caribbean, companies said. Two companies, Continue Reading
PDVSA, Venezuela’s state-oil company, is losing workers by the thousands, with as many as 10,000 leaving the company in just one week of January, media report, citing protests against low Continue Reading
Venezuela said it had generated US$735 million from the pre-sale of its cryptocurrency backed by crude oil. President Nicolas Maduro saw cryptocurrency sales as a way around Venezuela’s severe cash Continue Reading
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Toyota Motor Corp, Asia’s No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to Continue Reading
Philadelphia (Reuters) – Republican Senator Ted Cruz of Texas on Wednesday urged President Donald Trump’s administration to push for an overhaul of the nation’s biofuels policy, during a rally at Continue Reading
This year begins the ninth year of cellulosic ethanol mandates in the U.S. Today I want to give a brief review of cellulosic ethanol, review the original targets, and examine Continue Reading
The Koch brothers are against a $0.25 gasoline tax hike that would pay for planned infrastructure construction, according to a new report in the Washington Post. “I urge you to Continue Reading
Traditional auto manufacturers were initially written off as having too much legacy investments in the internal combustion engine and insufficient technology to keep up with the development of electric and Continue Reading
Central bankers seem to think that adjusting interest rates is a nice little tool that they can easily handle. The problem is that higher interest rates affect the economy in Continue Reading
Volumes sold in fiscal years 2017 through 2020 under the Bipartisan Budget Act of 2015 Section 404 are estimates based on projected prices of West Texas Intermediate crude oil in Continue Reading
The temperature difference from normal over the Arctic averaged over the next five days in the GFS model forecast. (University of Maine Climate Reanalyzer) While the Eastern United States simmers Continue Reading
Just a decade ago, few could have imagined that the U.S. would be producing more than 10 million bpd of crude, but with the explosion of shale production, that is Continue Reading
The evidence is now overwhelming that natural gas is not part of the climate solution , it is part of the problem. A new study finds that the methane escaping Continue Reading
Total will continue working at risk-prone frontiers such as Russia and Iran partly because they bring higher returns, but also hopes to expand in developed-world locations such as the US Continue Reading
Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production. Brent Continue Reading
NEW YORK (Reuters) – U.S. crude hit a near two-week high in a choppy session on Tuesday amid inventory declines at a key storage hub and on expectations that top Continue Reading
World oil prices are changing without a single dynamics on February 20 after Saudi Arabia decided to cut production at the end of last week, although the U.S. continues to Continue Reading
The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated. (Bloomberg) — The latest discussions between OPEC Continue Reading
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according Continue Reading
Turkey has yet to issue a permit for Russia’s Gazprom ( GAZP.MM ) to start building the land-based part of the TurkStream gas pipeline, three sources familiar with the matter Continue Reading
LONDON (Reuters) – OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major Continue Reading
Iraqi Oil Minister Jabar al-Luaibi planning a visit to Turkey to discuss getting oil flowing again to a port on the Mediterranean Sea. Photo courtesy of the Iraqi Oil Ministry. Continue Reading
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering Continue Reading
Iraq has boosted refining activity in the past year by at least 60,000 barrels per day (bpd), thanks to a patchwork of Oil Ministry projects and initiatives. The ministry has Continue Reading
The Trump administration is pursuing a deal to sell nuclear reactors to Saudi Arabia despite the kingdom’s refusal to accept the most stringent restrictions against the proliferation of nuclear weapons, Continue Reading
Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025, according to the country’s development strategy released Tuesday. Kashagan and Tengiz key Continue Reading
Two months after Venezuelan President Nicolas Maduro surprised analysts and the cryptocurrency world with his idea to launch an oil-backed cryptocurrency, the socialist president said early on Tuesday that Venezuela Continue Reading
It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry Continue Reading
Venezuela’s economy on the brink of collapse Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday Continue Reading
Toyota Motor Corporation has developed the world’s first neodymium-reduced, heat-resistant magnet. Neodymium (Nd) magnets are used in various types of motors such as the high-output motors found in electrified vehicles. Continue Reading
Singapore will introduce a tax on emissions of S$5.00 per ton of carbon dioxide equivalent ($3.80/tCO2e) from 2019, according to The Straits Times . The move was announced in the Continue Reading
Industry tends to underestimate need to cut methane: institute CCS is probably needed to meet Paris climate limits: Cicero The natural gas industry may be one of its own worst Continue Reading
U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel and Continue Reading
U.S. consumers are finally catching a break when they head to the gas station as retail prices follow the price of oil lower, market analysis finds. Motor club AAA reported Continue Reading
In reporting its results for the second half of 2017, Australian mining giant BHP Billiton said it’s expecting initial bids for its U.S. shale assets by June. The company said Continue Reading
Government mandates should keep U.S. solar power growing, despite new Trump administration tariffs on imported solar panels that are poised to raise prices. While the tariffs may slow the rate Continue Reading
