U.S. Rig Count Increases Sharply Amid Rising Crude Output
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 10 active oil rigs and 3 active gas rigs. The Continue Reading
Defense and energy can co-exist offshore, industry says
Oil and gas operations in parts of the U.S. Gulf of Mexico can coexist with national defense priorities, industry supporters said of a Pentagon review. The U.S. Department of Defense Continue Reading
Trump to propose sweeping changes to U.S. biofuel policy: source
The Trump administration will propose sweeping changes to the nation’s biofuel policy, including expanding it to exports and cutting the number of waivers for small refineries, a source briefed on Continue Reading
U.S. drillers add oil rigs for sixth consecutive week: Baker Hughes
U.S. energy companies added oil rigs for a sixth week in a row as crude prices continue to soar to multi-year highs after new sanctions on Iran are anticipated to Continue Reading
EEStor Capacitor Technology Expected to Disrupt Pricing in Renewable Energy Market
EEStor Corporation has developed a hybrid capacitor dielectric material (glass-CMBT) that is shown in independent third-party testing to provide higher permittivity at a significantly reduced cost to existing capacitor technologies Continue Reading
Germany proposes consortium to protect Ukraine from Nord Stream losses
PALANGA, Lithuania (Reuters) – Germany has proposed setting up some sort of consortium to ensure that Ukraine retains its role as a transit country for Russian gas once the Nord Continue Reading
Russia To See Oil Revenues Jump Fivefold
Due to the oil price rally, Russia expects its oil and gas revenues to jump fivefold compared to the expected revenues set in its 2018 budget, according to the Finance Continue Reading
Oil near multi-year highs as Iran sanctions tighten supply outlook
Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for the Middle East supply at a time when Continue Reading
Crude Prices Set New 3-Year High in Wake of Iran Sanctions
Oil prices settled at their highest in more than three years Thursday, with the U.S.’s withdrawal from the Iran nuclear agreement continuing to reverberate across markets. Light, sweet crude for Continue Reading
Oil: Deficit to put market on the offensive – Deutsche Bank
Deutsche Bank’s Michael Hsueh noted the possibility of a 2019 oil market deficit could soon put the oil market on the offensive, unless OPEC intervention begins to compensate for growing Continue Reading