This Battery Breakthrough Could Change The World
Search for the Super Battery . The topic is of intense interest to me, as the development of better, cheaper batteries is critical for both the future of electric vehicles Continue Reading
Car Giants Focus On Lithium Battery Production
Now it’s all about the lithium battery, as automakers like Tesla, General Motors, Daimler, Toyota, Nissan, and BMW cut deals for large scale battery production. They’re also seeing huge potential Continue Reading
U.S. record oil exports bite into Russia, OPEC market share in Asia
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia Continue Reading
Norway oil firms boost exploration budgets, limit overall investment
Norwegian oil and gas exploration will continue to rebound amid higher crude prices, a survey by the national statistics agency (SSB) showed on Monday, although the overall pace of investment Continue Reading
Why New Jersey is leading the resistance to Trump’s offshore drilling plan
The Trump administration’s bid to expand offshore drilling sounds like a sweet deal when the oil and gas industry sells it: more jobs, increased local revenue and possibly an energy Continue Reading
Norway’s EV Adoption Starts To Affect Oil Demand | OilPrice.com
Sales of most fuels in Norway declined last year for the first time in almost a decade, after seven years with three-digit annual increases in EV sales. As of March, electric vehicles Continue Reading
Market Movers Asia, May 28-June 1: Appetite grows for N. American crude; LNG summer trading off to strong start
Asian demand for North American crude oil looks set to increase further this week after a recent rally in physical Dubai prices, and the release of higher-than-expected Saudi Aramco official Continue Reading
Dealing With The Elephant In The Room: Overpopulation
Worldwide, three new humans are born every second. Every day, 225,000 more mouths are added to the global dinner table. That adds up to 80 million new people per year Continue Reading
Oil prices slump as OPEC and Russia consider output boost
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Continue Reading
OPEC Sends Oil Prices Crashing
Oil prices fell drastically on Friday on the back of news that Russia and Saudi Arabia are considering an increase in their oil production, bringing an end to the production Continue Reading
Russia, Saudi Arabia Near Deal to Lift Output, Giving Moscow New Sway
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Saudi minister Falih says Aramco IPO likely in 2019
Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the Continue Reading
Iran threatens to withdraw from nuclear non-proliferation treaty
Iran has threatened to withdraw from the international nuclear non-proliferation treaty and demanded that Europe come up with an “economic package” to compensate for Washington’s decision to pull out of Continue Reading
Maduro Vows To Double Oil Production With Help From OPEC
AFP reports that during his inauguration speech, Maduro said he will seek the help of OPEC to double Venezuela’s oil production, which is currently at 70-year lows and much below Continue Reading
Operators looking for oil and gas “elephants” across Africa
With the oil price heading for the US$80 on the first day of the Africa E&P Summit, which opened today in London, ambitious operators are seeing multiple opportunities and seeking Continue Reading
U.S. drillers add most rigs in week and month since February: Baker Hughes
U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at Continue Reading
Shale gas no panacea, U.N. report finds
Shale natural gas serves as a bridge to a low-carbon economy, but it’s still a fossil fuel that could contribute to climate risks, a U.N. report round. The U.S. Energy Continue Reading
U.S. energy sector braces for hurricane season
While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. Climate forecasters at the National Ocean and Continue Reading
National average gasoline prices approach $3 per gallon heading into Memorial Day
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up Continue Reading
U.S. Rig Count Rises Amid Crashing Oil Prices
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping by Continue Reading
Permian oil producers have a natural gas problem
A natural gas bottleneck in the Permian Basin could force oil producers to shut wells or seek waivers to flare large amounts of natural gas if takeaway capacity does not Continue Reading
Permian-Based Tech Kicks Produced Water Recycling Up a Notch
A new and growing challenge for Permian oil and gas companies is handling and disposing of water. Much of the attention given to the Permian Basin nowadays hinges on growth Continue Reading
A 100% Renewable Grid isn’t just Feasible, it’s Already Happening
The ongoing debate around whether it’s feasible to have an electric grid running on 100 percent renewable power in the coming decades often misses a key point: many countries and Continue Reading
Storm Alberto triggers oil worker evacuation in U.S. Gulf
Subtropical Storm Alberto, the first named storm of the 2018 Atlantic hurricane season, is forcing the evacuation of oil workers from the U.S. Gulf of Mexico as it moves toward Continue Reading
U.S. biodiesel lobby drops effort to adjust $1-per-gallon tax credit
The biggest U.S. biodiesel lobbying group has dropped its nine-year push to covert a $1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice president Continue Reading
After Harvey, Texas Town Looks to Fortify in State With No Mandatory Building Code
As the start of a new hurricane season looms on June 1, homeowners along this stretch of Texas coast—which Harvey pounded with 130-mile-an-hour winds before steering north to drench Houston—are Continue Reading
Puerto Rico: Deciding Its Energy Future
The immediate energy nightmare in Puerto Rico is gradually winding down, with electrical power now available to about 90 percent of households (some rural areas are still without power). But Continue Reading
Russia’s Putin says oil price of $60 per barrel suits Russia
Russian President Vladimir Putin said on Friday that an oil price of $60 per barrel suited Russia and that high oil prices could create problems for consumers. Russia, which reached Continue Reading
Russia’s Rosneft supports gradual lifting of oil output curbs
Russia’s largest oil producer Rosneft supports the gradual easing of oil output cuts, Eric Liron, Rosneft’s first vice president, told Reuters on Friday. He also said that Rosneft’s oil production Continue Reading
Russia: Expect more oil in the second half of the year
Expect more oil on the global market by the third quarter of the year, Russia’s energy minister said from St. Petersburg. File Photo by Oskari Porkka/Shutterstock May 25 (UPI) — Continue Reading
Oil prices fall as OPEC and Russia weigh output boost
Oil prices fell below $78 a barrel on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports. Russian Continue Reading
Increasing WTI-Brent Spread Points At Higher Crude Prices
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Oil Prices Fall Despite Iran, Venezuela, Libyan Supply OutagesOil Prices Fall De
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran. At 2:40 Continue Reading
Oil Slips as Investors See Easing to OPEC Output Cut
Oil prices eased Thursday amid the stock market’s tumble and growing expectations that the production cut pact that helped sop up a glut of crude could be eased. Brent crude, Continue Reading
Economic, trade concerns drag oil prices lower
European concerns about broad-based economic volatility and fretting over supply-side shocks helped send crude oil prices sharply lower early Thursday. Crude oil prices touched $80 per barrel on Monday after Continue Reading
Here’s what happens if the oil rally turns into an ‘oil shock’
The global oil benchmark flirted with the $80-a-barrel level again on Tuesday, underlining concerns that an unexpectedly strong crude rally could eventually begin to weigh on economic growth. The combination Continue Reading
One of the biggest risks to the world’s financial system is the $3 trillion of debt owed by oil and gas firms
[ Yet another “crash coming soon” post, if it hasn’t happened already (I scheduled this article and others to appear a year or more later, since crashes always take longer Continue Reading
We need to talk about Peak Oil again
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Exclusive: OPEC, Russia discuss raising oil output by about 1 million bpd – sources
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that Continue Reading
Russia, OPEC Members to Discuss Easing Oil Output Cap
Russia and other large oil producers will next month discuss relaxing an agreement that has cut output and helped support crude prices —a move that could relieve some of that Continue Reading
Russia and Saudi Arabia to discuss relaxing oil production caps
Russia and Saudi Arabia’s energy ministers will discuss a potential relaxation of the global oil output cap agreed between Opec and Moscow amid calls for them to boost output after Continue Reading
Iran’s Demands: Europe Must Guarantee It Will Buy Iranian Oil
Iran’s Supreme Leader Ayatollah Khamenei has issued five demands to the European Union (EU)—including Europe guaranteeing Iran’s oil will be completely sold—that European leaders could find quite difficult to meet. Continue Reading
Russian energy minister Novak says Iran risk adds up to $7/b to oil price: report
Russian energy minister Alexander Novak said Thursday geopolitical tensions, including potential re-imposition of Iranian sanctions, has added $5-$7 a barrel to the oil price. Oil prices have reached their highest Continue Reading
Rosneft CEO says U.S. withdrawal from Iran deal could harm 5 percent of global oil production
Igor Sechin, chief executive of Russia’s Rosneft, said on Friday that the U.S. decision to quit the nuclear deal with Iran could affect 5 percent of global oil production. View Continue Reading
Iran’s market share starts slipping in Europe
European refiners have started sourcing alternatives to Iranian crude supplies well before new US sanctions on the OPEC producer are due to kick in later this year, according to oil Continue Reading
Rosneft Discovers Oil Field In Iraq
Russia’s Rosneft has discovered a new oil field in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it Continue Reading
Extreme Weather Causes Production Outages In Libya
A Libyan oil company has had to significantly reduce oil production at its fields because the hot weather has caused several turbines to stop working. The company is Agoco, a Continue Reading
Nigerian Firm To Partner With Rosneft To Develop 21 African Oil Assets
Nigerian oil and gas exploration company Oranto Petroleum will be cooperating with Russia’s largest oil producer Rosneft to develop 21 oil assets across Africa, an Oranto official told S&P Global Continue Reading
Sudan: Diesel U.S.$21.30 a Gallon in Kassala
Racketeering is rife in Sudan’s Kassala as reports from the state complain that the fuel crisis has worsened in an unprecedented manner. A gallon of diesel now cost SDG 600 Continue Reading
Nigeria: Closure of Trans-Forcados Pipeline May Threaten 2018 Budget
The recent closure of the Trans- Forcados Pipeline (TFP) following the May 7, 2018, suspected explosion on the facility at the Diebiri-Batan community in Warri, South West Local Government Area Continue Reading