US unconventional oil output is estimated to jump 144,000 b/d in June to 7.178 million b/d, the US Energy Information Administration said Monday in its Drilling Productivity Report, the biggest Continue Reading
US investors’ difficulties in financing a second wave of LNG export projects have given Western Canada the chance to prove it can be more competitive than the Gulf Coast as Continue Reading
U.S. shale production is expected to rise by about 145,000 barrels per day to a record 7.18 million bpd in June, the U.S. Energy Information Administration said on Monday. A Continue Reading
Drivers gearing up for trips this summer face escalating prices at the gasoline pump, an early sign that $70-a-barrel oil is starting to reach into consumers’ wallets. Average U.S. retail Continue Reading
US crude imports into the Louisiana Offshore Oil Port appear to be on an upswing in May alongside the recent increase in regional sour crude prices. About 3.95 million barrels Continue Reading
The startup of Indianapolis Power & Light Company’s Eagle Valley combined-cycle natural gas plant marks a shift toward gas as the utility’s largest power generation source, replacing coal, the company Continue Reading
Russian oil company Rosneft said Monday its revenue increased more than 20 percent from last year, even as its production levels declined. The oil company reported first-quarter revenue of $30.9 Continue Reading
The ticker symbol for Norwegian energy major Statoil, STL, leaves the market this week when the company officially changes its name to Equinor, it said Monday. A vote is expected Continue Reading
An architect of the Paris climate agreement urged governments on Tuesday to halt oil exploration in the Arctic, saying drilling was not economical and warming threatened the environmentally fragile region. Continue Reading
In the wake of Putin’s May 7 inauguration, the corridors of power in Moscow have been replete with speculation regarding the composition of the next government. Alexander Novak, the Energy Continue Reading
