Oil markets stabilized on Monday after slumping around 2 percent last Friday on concerns over an intensifying trade dispute between the United States and China, as well as increased U.S. Continue Reading
Asia Fears of an escalation in the trade row between China and the US could impact many commodity markets this week as trading resumes in China after the Qingming holiday. Continue Reading
Until a decade ago, most of the world was a captive customer of oil—consumers would pay any price for gasoline and oil demand was soaring regardless of the surging oil Continue Reading
The most prevalent view regarding future oil supply, as well as total energy supply, seems to be fairly closely related to that expressed by Peak Oilers. Future fossil fuel supply Continue Reading
The International Energy Agency has long received criticism for its energy forecasts, which, as is typical with any long-term projections, often miss the mark. But a new report accuses the Continue Reading
On April 1, Bahrain’s Higher Committee for Natural Resources and Economic Security announced it had made a significant discovery of oil and gas in the offshore Khaleej Al Bahrain Basin, Continue Reading
New tech may turn your electric car into public power storage Half of all new cars sold will be EVs by 2040, estimates say When Damien Maguire moved to the Continue Reading
World’s biggest crude exporter studying new U.S. facilities North America’s largest refinery could double in capacity Saudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast Continue Reading
Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco’s Chief Executive Amin Continue Reading
Americans are spending more at the pump than they have in years. Prices could rise even higher just as drivers hit the road for family vacations. “This summer, in terms Continue Reading
A growing number of Republicans are calling on Donald Trump to take action against his Environmental Protection Agency head Scott Pruitt, whose record as one of the president’s most aggressive Continue Reading
The Permian basin is driving U.S. shale growth, with expectations that the basin will add enormous volumes this year, keeping the oil market well-supplied. But the Permian’s pipeline network is Continue Reading
Eric Zhou is interested in buying a Ford Kuga sport-utility vehicle. So last week, he picked up the car for a three-day test drive from a vending machine. Mr. Zhou Continue Reading
“Germany hooks up a pipeline into Russia, where Germany is going to be paying billions of dollars for energy into Russia. And I’m saying, ‘What’s going on with that?”’ President Continue Reading
Russian companies are expected to invest US$22.5 billion (1.3 trillion rubles) in oil production this year, with crude output and exports forecast at the same levels as in 2017, Russia’s Continue Reading
2017 trends for UK offshore production were disrupted by the stoppage in the Forties pipeline in December, which took several hundred thousand barrels of oil equivalent per day off line. Continue Reading
Kinder Morgan is close to pulling the plug on a planned expansion of its Trans Mountain crude oil export pipeline, designed to provide the land-locked province of Alberta with opportunities Continue Reading
Oil prices fell earlier today after President Trump threatened to slap more tariffs on Chinese products, with West Texas Intermediate shedding almost a percentage point at the time of writing, Continue Reading
The escalating trade war between China and the U.S. is likely drowning out a rather bullish EIA report, which showed a strong inventory decline last week. The oil market is Continue Reading
Crude oil prices lost ground early Friday because of lingering trade war fears and U.S. jobs data, but were balanced by concerns about geopolitical risk. U.S. President Donald Trump threatened Continue Reading
Venezuelan output plunges as refining woes aggravate Saudi output 9.92 mil b/d, Iraq 4.46 mil b/d, Iran 3.82 mil b/d Angolan production falls to 18-month low UAE, Iraq, Ecuador see Continue Reading
– Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company’s Continue Reading
Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, Continue Reading
Contrary to what has been assumed so far, black market oil sales were not the only and not even the largest revenue stream for ISIS, an investigation of The New Continue Reading
A data analytics firm expects Iranian crude oil production will increase over the next few years, even as the country faces looming sanctions pressures. File Photo by tcly/Shutterstock April 6 Continue Reading
Austrian energy company OMV spends $1.5 billion to take a minority stake in oil fields of the coast of the United Arab Emirates. File Photo by tcly/Shutterstock April 6 (UPI) Continue Reading
British energy company BP says natural gas operations in India, one of the fastest growing economies in the world, is part of a long-term strategy. The British energy company is Continue Reading
BP downplayed the risks of an oil spill in the Great Australian Bight and even suggested that cleanup efforts—in case of such a spill—would be a “welcome boost” to the Continue Reading
Baker Hughes reported a 10-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1003, which is Continue Reading
China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat Continue Reading
China invested a total of US$126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45 percent of global green energy investment, the ‘Global Trends in Continue Reading
Texas’s energy regulator issued fewer new drilling permits in March than a year ago, but well completions rose, according to data released on Friday by the state. A total of Continue Reading
U.S. energy companies added oil rigs for the third time in four weeks as crude prices drifted from a three-year high hit earlier this year amid concerns of a trade Continue Reading
A legal battle over a small oil-drilling company is testing Mexico’s promises of greater transparency and competition made five years ago when the country opened its oil industry. The company, Continue Reading
While most fossil fuels in the United States are burned or combusted, to produce heat and power, EIA estimates that the equivalent of about 5.5 quadrillion British thermal units of Continue Reading
The shale boom in the Permian where companies are intensively drilling while keeping costs low has led to an unprecedented electricity demand in West Texas, straining the grid as local Continue Reading
The oil and gas industry continues to add jobs as industry optimism increases. Coming off the heels of a strong start for the oil and gas industry in 2018, industry Continue Reading
The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading
Two energy companies are cleared for two separate drilling operations in the Norwegian waters of the Barents Sea, a national safety regulator said. The Petroleum Safety Authority of Norway gave Continue Reading
Retaliation is not out of the question when considering economic pressures used by the United States and European countries, Russia’s energy minister said. “Undoubtedly, if certain measures are taken against Continue Reading
Russian companies are expected to invest US$22.5 billion (1.3 trillion rubles) in oil production this year, with crude output and exports forecast at the same levels as in 2017, Russia’s Continue Reading
Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump Continue Reading
Oil prices rose on Thursday, helped by gains in U.S. equities markets and Saudi Arabia’s unexpected hike in crude prices, though crude’s advance was curbed by strength in the dollar. Continue Reading
Crude oil prices are stuck in the middle of a tighter market and fears of a sweeping trade war between the United States and China, the world’s largest economies. File Continue Reading
Sluggish April cargo buying sent the North Sea Dated Brent benchmark differential to the lowest in nearly two and a half years on Wednesday, S&P Global Platts data showed. Dated Continue Reading
We recently attended Fatih Birol’s presentation in advance of the International Energy Agency’s (IEA) first publication of the Global Energy and CO₂ Status Report. Their flagship publication, World Energy Outlook, Continue Reading
Lower costs and improved market conditions led to more oil and gas investments, though spending last year was below the historic average, analysis found. Energy consultant group Wood Mackenzie found Continue Reading
An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the Continue Reading
New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie Continue Reading
Shell knew climate change was going to be big, was going to be bad, and that its products were responsible for global warming all the way back in the 1980s, Continue Reading
