OPEC will probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting later this month, a source familiar with the issue Continue Reading
Saudi Aramco is restructuring its non-oil businesses into subsidiaries and possible spin-offs as it aims to streamline operations and achieve a higher valuation for its profitable core oil business ahead Continue Reading
The Trump administration’s effort to pressure Iran depends on countries deeply skeptical of the U.S. campaign against the Islamic Republic, creating resistance that analysts and officials in those countries say Continue Reading
You probably have noticed that gasoline prices are again on the rise. Predictably, I have already seen stories arguing about President Trump’s culpability in this current price rise. It never Continue Reading
At the White House and on Capitol Hill, debates over energy policy are playing out with just as much invective as just about any other issue in America’s bitterly divided Continue Reading
Iran is pursuing a plan to increase its oil output by 460 million barrels within three years, oil minister Bijan Zanganeh said on Saturday, according to SHANA, the news site Continue Reading
The Permania, as someone called the oil industry and private equity rush to West Texas and New Mexico, has begun to take its toll on all those investors that saw Continue Reading
Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the end Continue Reading
Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe. “Civilization requires Continue Reading
The growing adoption of electric vehicles (EVs) is expected to cost Germany’s key auto industry about 75,000 jobs by 2030, a study released Tuesday shows, with parts suppliers set to Continue Reading
The expansion of the European Union in 2004 and 2007 indirectly led to several crises at a level not seen since the oil embargo of 1973. The accession of several Continue Reading
Russia’s third-largest crude producer, Gazprom Neft, wants flexible quotas in the crude production cut deal, as it is ready to fully recover its frozen output within one to two months, Continue Reading
30% of the natural gas fueling UK homes and businesses could be replaced by hydrogen without requiring any changes to the nation’s boilers and ovens, a study by Swansea University Continue Reading
Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation Continue Reading
Oil prices seesawed this week, dipping on expectations of more supply from OPEC+, but rebounding on news of deeper troubles in Venezuela. Trading will likely be choppy over the next Continue Reading
Concerns about broad-based trade issues overshadowed potential supply-side deficits to push the price for crude oil lower early in the Friday session. U.S. President Donald Trump left Friday for a Continue Reading
Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures Continue Reading
Crude closed lower as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela. Futures fell 0.3 percent in New York on Friday. Oil ministers from Saudi Arabia and Continue Reading
While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading
Is the economy in for a jolting “oil shock”? Today we wander out to the tail end of the bell curve… look around for black swans… and raise scandalous questions. Continue Reading
Climate change could have wiped out alien civilizations and may be on the way to wipe out mankind, too, a new study has suggested. Using simulations based on information about Continue Reading
No impact on Iran output seen yet from sanctions Nigeria beset by key pipeline outages Saudi Arabia tops 10 mil b/d for first time since Oct Angola crude production hits Continue Reading
OPEC will probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting later this month, a source familiar with the issue Continue Reading
Oil prices could jump to $140 a barrel due to the U.S. sanctions against Iran and Venezuela, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. The Iranian official Continue Reading
OPEC is likely to reject a request by Iran to discuss U.S. sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter Continue Reading
Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said Continue Reading
Iranian oil production levels are static, showing U.S. sanctions pressures have yet to materialize. With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, Continue Reading
Saudi Arabia has started boosting oil production after two years of curtailing output, a move that gives Riyadh a jump on other OPEC producers who are expected to open the Continue Reading
The Federal Government has remained docile over the need to review the Production Sharing Contract (PSC) signed about 25 years ago between the Nigerian National Petroleum Corporation (NNPC) and International Continue Reading
An auction for rights to tap into the oil basins off the coast of Brazil highlights the country’s prospects for those with deep enough pockets, analysis found. Brazil on Thursday Continue Reading
China’s crude oil imports dropped in May from the record-high in April, as some major refineries started planned maintenance and as China ordered some independent refiners to reduce operating rates Continue Reading
Colorado’s largest electricity provider said Wednesday it wants to retire two coal-fired units a decade early and nearly double the share of power it gets from renewable sources. Xcel Energy said the changes would reduce Continue Reading
The main buyer of electricity from an Arizona coal plant on the verge of closure said on Friday it will instead source its electricity largely from a solar power project, Continue Reading
Canadian oil production from a facility in Alberta has the same greenhouse gas intensity as U.S. oil, the head of producer Suncor said. Suncor said it’s completed its $13 billion Continue Reading
Fresh off his comments on the alleged shortcomings of various financial instruments, Pope Francis is hosting a weekend event to address the alleged shortcomings of the world’s most popular energy Continue Reading
U.S. drillers added 2 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil and gas rigs each increasing by 1. The oil Continue Reading
A Canadian clean energy company and its founder who is a Harvard Professor say that they have developed an affordable way to capture carbon dioxide (CO2) from the atmosphere and Continue Reading
The Trump administration has allocated US$4 million for construction work ahead of the start of oil and gas drilling in the Arctic National Wildlife Refuge, the Department of the Interior Continue Reading
Pipeline operator Energy Transfer Partners has restored power to a pumping station in West Texas and is in the process of restarting operations on two crude pipelines impacted by an Continue Reading
US energy companies added oil rigs for a third week in a row even though crude prices have declined about 8% over the past three weeks. June 8 (Reuters) – Continue Reading
TransCanada Corp said on Friday it cannot move natural gas until further notice through the section of its Leach Xpress pipeline in West Virginia that ruptured early Thursday until, prompting Continue Reading
A Norwegian government regulator said Friday it confirmed an oil discovery was made in untested waters in the central part of the North Sea. The Norwegian Petroleum Directorate, the nation’s Continue Reading
Russian energy company Gazprom said it received the necessary permit to advance construction of the Nord Stream gas pipeline through Swedish waters. “This is an important milestone for our project,” Continue Reading
Try as it might, Europe just can’t dump Russia. President Vladimir Putin was given a warm welcome in Vienna on Tuesday, the 50th anniversary of Austria becoming the first western Continue Reading
Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and Continue Reading
Oil futures rebounded Thursday as the combination of dollar weakness and equity strength helped prevent further declines. ICE Brent veered into technically oversold territory this week, according to a Bollinger Continue Reading
Concerns about the lack of supply from Iran and Venezuela re-emerged early Thursday to push the price of crude oil sharply higher. Crude oil prices moved in the volatile territory Continue Reading
Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at Continue Reading
While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading
The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. Continue Reading
