China says will protect interests from ‘reckless’ U.S. trade threats
China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, Continue Reading
Carbon dioxide emissions drop from U.S. power sector
Because of the increased use of natural gas, carbon dioxide emissions from the U.S. power sector were at their lowest in 30 years, a government report read. The U.S. Energy Continue Reading
U.S. Tariff Threat Could Scuttle Planned Trade Talks With China
The White House’s surprise decision to move forward with tariffs and other sanctions against China threatens to derail trade talks scheduled for this weekend, according to people with knowledge of Continue Reading
China’s carbon emissions set for fastest growth in 7 years
China’s carbon emissions are on track to rise at their fastest pace in more than seven years during 2018, casting further doubt on the ability of the Paris climate change Continue Reading
China’s top legislator inspects enforcement of air pollution control law
Top legislator Li Zhanshu called for full and effective implementation of the Air Pollution Control Law, during an inspection tour to central China’s Henan Province from May 24 to 28. Continue Reading
Art Berman: Think Oil Is Getting Expensive? You Ain’t Seen Nothing Yet.
After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to Continue Reading
Canada to buy Kinder Morgan oil pipeline in bid to save project
Canada will buy Kinder Morgan Canada Ltd’s ( KML.TO ) Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces Continue Reading
The Biggest Challenge For U.S. Oil Exports
As Saudi Arabia and Russia grapple with both the geopolitics and economics of continuing or stopping their one and a half year long oil production cut reached between OPEC and Continue Reading
Revenue jumps from Russian oil producer Gazprom Neft
Russian oil producer Gazprom Neft said its first-quarter revenue jumped 14.5 percent year-on-year, while production increased 1.1 percent. The company is the oil-producing arm of state-controlled Gazprom. In a report Continue Reading
Return to $100 Oil Is ‘Far From Unlikely,’ Norway Minister Says
Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far from unlikely that we Continue Reading
Oil Price Correction Sparks Sell Off In Russian Markets
Russian assets have had a bumpy ride this year as a global retreat from emerging market assets and exchange-traded funds combine with a new wave of U.S. sanctions to put Continue Reading
The Next Big Crisis: Drinking Water
You might be looking at the next global crisis right now. Because as easily as most people get a clean drink out of the tap, billions of people can’t take Continue Reading
Oil falls as investors brace for output increases
Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. Brent crude futures LCOc1 were down Continue Reading
Oil hits multi-week lows on fears of growing supplies
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains showed no sign of slowing. Brent crude futures LCOc1 stood Continue Reading
Goldman Bullish Despite Steep Oil Price Correction
Goldman Sachs continues to be bullish on oil despite the most recent market turbulence that saw prices plummet after reports that Saudi Arabia and Russia are discussing lifting the pact’s Continue Reading
Are We About To See Another Correction In Oil Prices?
The last four days have seen WTI Crude prices plunge almost 10% from their cycle peak near $73 to a $65 handle overnight. This is the longest run of losses Continue Reading
The surge is over — why $50 oil is now more likely than $100
The spring fever is passing. After three months on the rise the oil market has turned. In a single day on Friday the price of a barrel of Brent crude Continue Reading
Shale Surges, But Oil Market Power Swings Back to Saudis
The U.S. is producing more oil than ever, but when it comes to pulling the strings of the market, Saudi Arabia is still king. Oil is flowing from shale fields Continue Reading
China and Russia Push Into Iran, Exploiting Europe’s Caution
Chinese and Russian state-backed companies are maneuvering to profit from European firms leaving Iran, threatening the Trump administration’s bid to raise economic pressure on Tehran. Their efforts show how Iran’s Continue Reading
Emerging Market Meltdown Could Undermine Oil Rally
Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily Continue Reading
OPEC Has A Global Inflation Problem
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and Continue Reading
U.S. Sanctions Start to Pinch Shipping in Iran
It will be months before new U.S. sanctions against Iran take hold, but global shipping operators are already pulling back from the big oil-exporting nation. The world’s two biggest shipping Continue Reading
There’s No Getting Around Iranian Sanctions
“I personally think none of us will be able to get around it,” Vitol’s chief executive Ian Taylor said last week, commenting on the effects that renewed U.S. sanctions against Continue Reading
Terrorist Attacks Un Libya’s Oil Crescent Raises Security Alert
Libya’s oil crescent on Sunday announced a maximum security alert over possible terrorist attacks in vital oil ports and oilfields, as OPEC’s third disruptor—after Iran and Venezuela—threatens to further unsettle Continue Reading
Total pushing OPEC-member Angola back to life
Total announced it’s made a $1.5 billion final investment decision to get more oil out of a field in the deep waters off the coast of OPEC-member Angola. File Photo Continue Reading
India Won’t Pay For Venezuelan Oil With ‘Petro’ Cryptocurrency
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister Continue Reading
Truckers’ Strike in Brazil About To End, Another Coming
Just as the Brazilian government made some progress towards settling matters with truckers that have paralyzed the country with protests against high fuel prices, another strike is looming on the Continue Reading
Petroperu suspends pumping on North Peruvian crude pipeline
State-owned Petroperu halted pumping on its 200,000 b/d North Peruvian Oil Pipeline as it sought to investigate an apparent leak. Operations were stopped after crude was detected in a jungle Continue Reading
Brazil Truckers Strike to Cost Government $2.6 Billion Through End of Year
Brazil’s government said Monday that concessions to end a crippling truckers strike will have a high cost for taxpayers even as the country’s businesses and consumers struggle with shortages of Continue Reading
How the world’s biggest private equity oil and gas industry bid collapsed
Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week. Harbour Continue Reading
China’s coal futures set for best day since Nov 2016 on supply worries
China’s thermal coal prices jumped more than 4 percent on Tuesday and were on track for their biggest one-day gain since November 2016 as investors continued to fret about supplies Continue Reading
U.S. Oil Exports Eat Into OPEC Market Share In Asia
Increased U.S. crude oil exports to Asia, supported by a wide WTI-Brent spread, are eating into Asian market shares of OPEC and Russia, the cartel’s ally in the production cut Continue Reading
Cities Vs. Big Oil: Judge Orders Plaintiffs To Find Benefits Of Fossil Fuels
Judge William Alsup who is hearing a case brought by San Francisco and Oakland against five Big Oil companies, has given the plaintiffs and Chevron a homework assignment that suggests Continue Reading
Supermajors Evacuate Gulf Of Mexico Staff Ahead Of Storm
Chevron, Shell, and Exxon have begun evacuating staff working on offshore platforms in the Gulf of Mexico ahead of a subtropical storm Alberto. Production has not yet been affected, the Continue Reading
Canada likely to buy Trans Mountain pipeline project: Bloomberg
Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Continue Reading
Why U.S. Oil Exports Are Only Heading Higher
The price differential between WTI and Brent continues to widen, briefly hitting $9 per barrel on Monday, the largest discount in about three years. (Click to enlarge) Discounts of this Continue Reading
Russia Just Won Big In The European Gas War
There’s been a lot of talk on both sides of the Atlantic about the U.S. pivot and efforts at locking in natural as market share in Europe. Much of this Continue Reading
Norway’s oil exploration rises more than expected: regulator
Oil companies in Norway are raising their exploration spending more than expected, the head of the country’s industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators Continue Reading
Oil sinks further as OPEC and Russia look to raise output
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. Brent crude futures LCOc1 stood Continue Reading
Oil could skyrocket to $100 as summer gets into full swing, RBC’s Helima Croft says
Global oil prices took a hit in the last week, but a confluence of factors could carry Brent to its highest levels in more than three years this summer, according Continue Reading
‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher
Iran and Venezuela have dominated the oil market discourse for a while and will continue to do so in the coming months. Fears of supply shortages amid a tighter market Continue Reading
Oil Giants Target Free Riders
The rules of the game are changing in the oil market. Prices fell to their lowest in three weeks after reports that the agreement to curtail output by 1.8 million Continue Reading
The OPEC Deal Isn’t Dead Yet
Oil prices plunged on Friday after news broke that OPEC and its partners, including Russia, are considering allowing higher levels of oil production, which could mark the beginning of the Continue Reading
The Battle For Energy Dominance In The Mediterranean
The Eastern Mediterranean is easily one of the most important and hotly contested regions in the world due to several key factors: the Suez Canal is vital to international commerce, Continue Reading
Halliburton wins Saudi Aramco unconventional gas stimulation contract
Saudi Aramco has awarded a contract to Halliburton for unconventional gas stimulation services, as Saudi Arabia seeks to further reduce its domestic crude oil burn, freeing barrels for export or Continue Reading
East Africa: Several Hurdles Standing in the Way of East Africa’s Early Oil Extraction Plans
As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its Continue Reading
Nigeria: Oil Majors Delay Investment On $23.5Bn Offshore Projects
International Oil Companies (IOCs) operating in Nigeria may have devised means to compel the Federal Government into changing its fiscal policy on the Petroleum Industry Governance Bill (PIGB). The Guardian Continue Reading
Prolonged high oil prices may hurt economy
Crude oil prices are rising. This is a result of coordinated production cuts by major oil-producing nations, such as the Organization of the Petroleum Exporting Countries (see below) and Russia, Continue Reading
Russia and Turkey ink pipeline agreement, end gas dispute
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end Continue Reading
The Oil Major Wall Street Won’t Back
ExxonMobil, unlike most of its peers and competitors, has decided to ramp up spending and drilling on large-scale projects, to the dismay of its shareholders and Wall Street. The oil Continue Reading