Global oil stocks could be just weeks away from returning to their five-year average levels, the key metric to gauge the success of OPEC-led output cuts, as global demand growth Continue Reading
U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, something that could help farmers by bolstering corn demand. The Continue Reading
While issuing a call to the governor to halt new oil and gas projects, an environmental advocacy group said companies in California repeatedly broke state laws. In its review of Continue Reading
Texas crude oil and natural gas production is accelerating along with higher commodity prices, but payroll numbers are lower, a trade group reported. The Texas Alliance of Energy Producers estimated Continue Reading
Source: U.S. Energy Information Administration, Short-Term Energy Outlook EIA forecasts that drivers in the United States will pay an average of $2.74 per gallon (gal) this summer for regular gasoline, Continue Reading
The US government is frequently caricatured as a tool of rich people. Look closely, though, and the rich sometimes have their money consumed in ways that serve the state. These Continue Reading
The Environmental Defense Fund is planning to build and launch a satellite that would look for industrial methane leaks. The launch is planned for late 2020 or early 2021. Tom Continue Reading
In the battery industry, records seem set to be broken almost as soon as they are hit. This is what may be about to happen with the largest battery storage Continue Reading
A transition to a cleaner economy is underway as evidenced by a rate of decline in global oil demand, but it’s a long journey, Royal Dutch Shell said Thursday. The Continue Reading
UK renewables power output in the first quarter was a record 25.0 TWh, thanks to a strong performance by wind, data from EnAppSys showed Thursday. “The strong performance of wind Continue Reading
Russia and Ukraine’s ongoing gas dispute shows how urgently the EU must improve its energy resilience by cutting fossil fuel imports, EU energy commissioner Miguel Arias Canete said Thursday. The Continue Reading
Shell on Thursday published a report entitled “Energy Transition,” showing how the company expects to adapt during the transition to low carbon energy systems. The company says it wants electricity Continue Reading
Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday’s late-2014 highs as bulging U.S. supplies weighed. A trade Continue Reading
The International Energy Agency said today that global oil demand will not peak in the near future and India’s vulnerability to high prices will increase with a surge in its Continue Reading
Oil prices soared on Wednesday morning after U.S. President Donald Trump tweeted earlier in the day that Russia would better “get ready” for U.S. missiles in Syria. At 08:33 a.m. Continue Reading
The Energy Information Administration reported a build in U.S. crude oil inventories of 3.3 million barrels for the week to April 6, double that of API’s estimate for a 1.76-million-barrel Continue Reading
U.S. crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.3 million Continue Reading
The rally in oil prices over the past year likely had more to do with higher demand rather than merely the supply taken off of the market by the OPEC/non-OPEC Continue Reading
Fatih Birol, head of International Energy Agency, said a dearth of investments can start hurting global oil supplies from the first part of the next decade as production at ageing Continue Reading
Global warming is weakening the circulation of the North Atlantic ocean, which plays a crucial role in the world’s climate, including keeping winters in western Europe relatively mild. Two international Continue Reading
Royal Dutch Shell said it saw little risk of being left with “stranded assets” as the world begins to shift away from fossil fuels and promised to keep pace with the Continue Reading
Kurdish oil player Gulf Keystone Petroleum said its finally turned a profit. Photo courtesy of Gulf Keystone Petroleum April 11 (UPI) — With a crude oil sales agreement in hand, Continue Reading
Iran is threatening to restart its controversial nuclear enrichment program, as the head of the Islamic Republic’s Atomic Energy Organization (AEOI) revealed on Sunday that they have maintained the ability Continue Reading
The Royal Saudi Air Defense intercepted at least one ballistic missile over Riyadh on Wednesday. Multiple blasts were heard, and plumes of smoke could be seen from the capital. Yemen’s Continue Reading
Yemen Houthis say missile to Riyadh targeted defense ministry Rebels have stepped up missile attacks agianst Saudi targets Saudi Arabia said it intercepted ballistic missiles and shot down drones sent Continue Reading
A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers’ alliance, the energy minister of the Continue Reading
Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil Continue Reading
The refinery portion, to be located on India’s West Coast, will be able to refine 1.2 million barrels per day, and goes a long way towards satisfying both India’s and Continue Reading
Compressed natural gas is becoming trendy again in Argentina, as rising gasoline prices make it more economical, a shift that could help underpin the development of the country’s large shale Continue Reading
The preliminary steps toward drilling into an oil basin in Cuba are underway in a project that could draw international interest, an Australian company said. Melbana Energy, an Australian exploration, Continue Reading
Now comfortably swaddled in new tariffs , American steel firms have had a good few weeks. But U.S. President Donald Trump’s other favorite industry hasn’t fared so well. BHP, the Continue Reading
Summary of Weekly Petroleum Data for the Week Ending April 6, 2018 U.S. crude oil refinery inputs averaged over 17.0 million barrels per day during the week ending April 6, Continue Reading
In the past few weeks at least seven natural gas pipeline operators were the victims of hackers that targeted third-party communications system Latitude Technologies, causing service disruptions and breakdowns in Continue Reading
A fifth of U.S. crude oil producers are planning to use their cash flow from operations to fund new production expansion, a survey from Haynes & Boone has found. Besides Continue Reading
US crude stocks saw a larger-than-expected build last week as exports fell sharply, and domestic production topped 10.5 million b/d, Energy Information Administration data showed Wednesday. Crude exports fall 970,000 Continue Reading
Texas LNG has signed eight non-binding deals with potential buyers of liquefied natural gas (LNG) in China, southeast Asia and Europe, the company’s chief executive said on Wednesday. They include Continue Reading
Bottlenecks on the U.S. natural gas superhighway are starting to stack up, raising concerns about whether the infrastructure can be built fast enough to meet surging supplies. Gas output will Continue Reading
NEW YORK (Reuters) – The Trump administration is considering allowing the sale of a higher ethanol fuel blend in the summer, a source familiar with the issue said, a move Continue Reading
U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level Continue Reading
The US Energy Information Administration has revised its forecast for average 2018 gasoline prices up 1.6% to $2.64/gal, it said in its most recent Short Term Energy Outlook. The latest Continue Reading
Russian Energy Minister Alexander Novak told European Commission Vice-President Maros Sefcovic that Russia was ready to consider using Ukraine as a gas transit route after 2020, the energy ministry said Continue Reading
Russian coal exports totaled 15.64 million mt in March, up 10.6% month on month and up 2.8% year on year, according to data from the Russian Ministry of Energy Wednesday. Continue Reading
Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East, although evidence of rising U.S. crude supply acted as a counterbalance. Continue Reading
Oil prices rose on Monday, supported by a rebound in the stock market as concerns of a trade war between the United States and China eased. Brent crude LCOc1 futures Continue Reading
The price of a Brent barrel surpassed the $70 mark in morning trading on Tuesday, after a rather rocky start to the week. But is $70 Brent here to stay? Continue Reading
U.S. oil production growth has mostly come in the form of light, sweet crude, with API gravity of 35 or higher, and sulfur content of 0.3 percent or less. – Continue Reading
NEW YORK (Reuters) – Oil prices rose more than $2, or over 3 percent, on Tuesday as investors grew more confident that a brewing trade dispute between the United States Continue Reading
A thaw in the trade relationship between China and the United States and talk of $80 oil put crude oil prices squarely in rally mode in Tuesday trading. Without naming Continue Reading
Saudi Arabia’s energy minister said on Wednesday that the world’s biggest exporter of oil will not sit by and let another supply glut surface, but also does not want oil Continue Reading
Saudi Arabia could take part in military action in Syria after a suspected chemical attack that killed at least 60 people in the eastern Ghouta region over the weekend, Crown Continue Reading
