U.S. President Donald Trump urged representatives from the rival oil and corn industries on Thursday to break a deadlock in talks over the future of the nation’s biofuels policy by Continue Reading
U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer Continue Reading
Last week, my day job took me to the Permian Basin. A colleague and I arrived late at night at our hotel in Fort Stockton, Texas. The hotel parking lot was full. The Continue Reading
Gov. Jay Inslee of Washington is trying to make his state the first in the nation to tax carbon as a pollutant. Want the latest climate news in your inbox? Continue Reading
Even before President Trump officially opened his high-profile review last spring of federal lands protected as national monuments, the Department of Interior was focused on the potential for oil and Continue Reading
A gondolier cleared snow this week in Venice. Subfreezing temperatures have spread across much of Europe over the past week, stretching from Poland to Spain. Snow fell in Rome for Continue Reading
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures posted their first weekly decline in three weeks on fears U.S. plans to Continue Reading
Trump’s latest tweet, arguing that “trade wars are good, and easy to win,” didn’t bode with for global equities or commodities, including oil, which was already reeling from the EIA’s Continue Reading
Oil slumped more than 1 percent on Thursday, touching two-week lows under pressure from a retreating stock market and worries about surging U.S. crude output. Brent, the global benchmark, settled Continue Reading
Southern Iraq oil sales slightly decreased compared to January, but Kurdistan exports from storage pushed nationwide monthly averages up. A worker checks the valve gears of pipes linked to oil Continue Reading
French energy company Total said Friday it spent $450 million to take on Marathon’s holdings in Libya after the latter company announced its divestment. The French company said it moved Continue Reading
Nature magazine’s new study says Saudi Arabian oilfields are amongst the lowest carbon emitters on the planet, according to the Houston Chronicle . Venezuelan fields took the opposite aplomb, with Continue Reading
The government cannot control large swaths of territory, as Islamic State insurgents solidify footholds and launch attacks targeting security forces and energy infrastructure. Iraqi forces drive past an oil production Continue Reading
A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading
Saldanha Bay in South Africa is home to one of the world’s largest crude storage facilities, with a current capacity of 45 million barrels (although more is coming online later Continue Reading
Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading
Residents of Peace Estate in Baruwa area of Ipaja, were thrown into panic yesterday, following the explosion of a Nigerian National Petroleum Corporation, NNPC’s pipeline, which resulted in fire. But Continue Reading
Venezuela’s election agency said Thursday that a presidential vote planned for April 22 will be pushed back until late May after the government reached a deal with some opposition candidates. Continue Reading
Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, which has been Continue Reading
All options are on the table, including sanctions, when considering tools to coerce Venezuela into following constitutional lines, the U.S. government said. Venezuela is a member of the Organization of Continue Reading
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The Continue Reading
China is tightening government control over the collection of the oil consumption tax in order to eliminate the loopholes that independent refiners—known as teapots—have been exploiting to beef up their Continue Reading
Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose Continue Reading
U.S. President Donald Trump told rivals from the oil and corn industry gathered at the White House on Thursday that he supports changing the nation’s biofuels policy in a way Continue Reading
On average, motorists in the United States may be paying the highest price for gasoline since the summer of 2015, motor club AAA reported Thursday. AAA lists a national average Continue Reading
General Electric Co. GE -0.64% said Thursday that it is planning to build what would be the world’s largest offshore wind turbine—a behemoth nearly three times as tall as the Continue Reading
A black box has been sitting on the roof of a Massachusetts Institute of Technology building for the last few months. Beside it sits a weather monitoring system and a Continue Reading
While it was a fall, the fall was quite small—government figures show that consumption was down by just 0.0006 percent compared to 2016. The demand reduction occurred in the first Continue Reading
Oklahoma has witnessed a surge in earthquakes over the past decade. Regulators and scientists largely agree that the higher seismic activity is associated with the injection of wastewater from oil Continue Reading
The Permian Basin is now the world’s swing oil producer, with a lag. WTI is $63/bbl, down from its January high near $67/bbl. Brent is selling near $67/bbl, with a Continue Reading
Impact Pennsylvania Jim Barrett stands next to a wellpad on his farm in Bradford County. He says Chesapeake Energy, which drilled four natural gas wells on his land, is cheating Continue Reading
Tariffs on steel and aluminum announced by U.S. President Donald Trump brought concerns from the very energy sector he’s trying to support. Jack Gerard, the president and CEO of the Continue Reading
Louisiana Gov. John Bel Edwards was elected in 2015 with substantial support from trial lawyers, and he’s now repaying them in kind. The former minority leader of the state’s House Continue Reading
Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 981, which is Continue Reading
In its second climate change report Chevron said its business is resilient to a number of scenarios the company has looked into, despite the push towards more renewable energy and Continue Reading
US oil explorers raised the rig count to 800 for the first time in almost three years. (Bloomberg) — U.S. oil explorers raised the rig count to 800 for the Continue Reading
Canada’s First Nations are boosting investments and leveraging their clout with regulators to gain stakes in oil and gas projects. CALGARY, Alberta, March 2 (Reuters) – Canada’s First Nations are Continue Reading
Kiev and Moscow plunged into a new gas dispute on Thursday after Russia’s Gazprom unexpectedly decided not to restart supplies, forcing Ukraine to cut usage despite freezing weather. Ukraine’s state-owned Continue Reading
Kremlin-controlled energy giant Rosneft said on Thursday it would continue developing oil and gas projects on its own after Exxon Mobil Corp pulled out from some of the two firms’ Continue Reading
Severe weather striking the United Kingdom and parts of Europe means there’s a deficit of natural gas on the market, a British utility said Thursday. Utility company National Grid issued Continue Reading
Three new wells are planned as part of a multi-million-dollar drilling campaign that includes testing a new oil discovery made in British waters, Statoil said. Nearly $40 million in drilling Continue Reading
U.S. and European sanctions on Russia meant Exxon Mobil had to leave a joint venture with Russian oil company Rosneft, the U.S. supermajor said in a filing. Exxon said in Continue Reading
The extreme weather that has brought snow and bitter cold to much of Europe in recent days is part of a remarkable temperature inversion that has also enveloped the Arctic Continue Reading
Just hours after an arbitration court ruled in favor of Naftogaz in a long-running payment dispute between the Ukrainian state company and Russia’s Gazprom, a fresh gas dispute flared up Continue Reading
The freezing weather entrenched across much of Europe is stretching Britain’s supply of natural gas with fresh snowfall forecast for much of the country. The coldest spell since December 2010 Continue Reading
Exxon Mobil Corp. is ending projects with Russia’s state-controlled energy giant, PAO Rosneft, because of international sanctions on Moscow, abandoning signature achievements of its former chief executive, Secretary of State Continue Reading
Capital expenditure (CAPEX) in the UK oil and gas industry will keep falling over the next half decade, according to the latest projections from the Oil and Gas Authority (OGA). Continue Reading
Oil futures fell sharply Wednesday after data from the US Energy Information Administration showed a larger-than-expected build in crude stocks and a surprise increase in gasoline inventories. A stronger dollar Continue Reading
A day after the American Petroleum Institute gave oil bulls a cold shower by reporting a 933,000-barrel build in crude oil inventories on top of a gasoline build, the Energy Continue Reading
