Saskatchewan joins Alberta in Trans Mountain fight
Don’t look to us for help if you run out of oil, Saskatchewan’s premier tells his counterpart in British Columbia. Provincial spats have erupted over the fate of the Trans Continue Reading
Iceland Takes Hard Look at Tech Boom Sparked by Its Cheap, Bountiful Power
Steaming geysers, dramatic waterfalls and icy landscapes lure millions of tourists to this country every year. Now its geology is fueling a computer tech boom. But the voracious electricity demand Continue Reading
Oil Resumes Advance Amid Hints That OPEC May Extend Output Cuts
U.S. crude stockpiles probably rose last week: survey Oil closed above $66, rising for the sixth time in seven sessions amid hints that OPEC may further extend its output cuts. Continue Reading
Oil Prices Head Higher After API Reports Crude Inventory Draw
The American Petroleum Institute (API) reported a draw of 1.047 million barrels of United States crude oil inventories for the week ending April 13, largely in line with analysts who Continue Reading
With gas prices moving higher, it may be time to watch spending
Gas prices are the highest they’ve been in a few years and consumers might have to start putting some money aside to prepare for any summer travel, AAA said. File Continue Reading
Major dilemma: oil companies hedge bets on low-carbon future
As Bob Dudley set out BP’s strategy for adapting to a lower-carbon energy system at an event in London this week, there was a familiar face in the front row Continue Reading
Oil Markets: The Calm Before The Storm
U.S. oil production is expected to rise by another 125,000 bpd in May, compared to a month earlier. – The gains will, unsurprisingly, come from the Permian basin, which is Continue Reading
Algeria gets gas and renewable energy support
Italian energy company Eni said Tuesday it signed a series of agreements with a state-run company in Algeria that could lead to greater gas production. Eni CEO Claudio Descalzi met Continue Reading
The Overlooked Factor That Could Derail The OPEC Deal
While the continuing Russia-OPEC discussions are dominating headlines, with a focus on a possible extension of the oil production cut agreement into 2019, the market is far from stable. Growing Continue Reading
Basrah Light imports rebound on rising refinery run rates: In the LOOP
Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, Continue Reading