Venezuela’s President Nicolas Maduro has accused the United States of infiltrating senior positions at the Venezuelan oil industry. “There was a process of penetration and infiltration in key positions of Continue Reading
Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing meltdown in Venezuela’s oil sector Continue Reading
Venezuela has released two local executives of Chevron Corp jailed two months ago during a corruption probe in the oil sector, a local consultancy and a source close to the Continue Reading
Much has been made over China bypassing the U.S. recently to become the world’s largest crude oil importer and even more media attention has been given to the ongoing trade Continue Reading
Chinese solar panel makers have urged Beijing to delay surprise subsidy cuts and relax a cap on new projects, according to a letter reviewed by Reuters, protesting that the policy Continue Reading
Canada’s Enbridge Inc ( ENB.TO ) faces an indefinite delay to its biggest-ever capital project if a U.S. state regulator denies its preferred pipeline route through Minnesota, but a victory Continue Reading
Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel Continue Reading
U.S. crude exports surged to a record 1.76 million barrels per day (bpd) in April from 1.67 million bpd in March thanks to the rising discount for U.S. crude versus Continue Reading
Several major U.S. operators of nuclear reactors and coal plants said they had not changed plans to close plants in coming years, even after the White House said it would Continue Reading
Jet-fuel prices have surged more than 50% over the past year, pushing carriers to raise fares and Delta Air Lines Inc. DAL -0.91% to cut its profit expectations. Delta, the Continue Reading
The U.S. exported a record amount of oil and fuel in April, helping to narrow the nation’s trade gap while giving the economy a lift. The country shipped $19.9 billion Continue Reading
Oil prices dropped on Wednesday after US data pointed to an unexpected build in crude and gasoline stockpiles. During the week ended June 1, US crude oil inventories increased by Continue Reading
Hurricane Harvey over the Gulf of Mexico in August 2017. The storm stalled over Texas and dropped nearly 50 inches of rain in some places. With wind speeds that can Continue Reading
U.S. Energy Information Administration, Petroleum Supply Monthly Distillate fuel continued to be the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day (b/d) of gross exports. Continue Reading
The oil industry expects more mergers and acquisitions in the 12 months ahead, which is a marked difference from just a year ago when everyone in oil was extra cautious Continue Reading
Washington has shelved indefinitely a planned overhaul of the national biofuels policy that sought to reduce costs for the oil industry, two sources told Reuters, saying the move was the Continue Reading
Plains All-American Pipeline is focused on increasing the capacity of its crude oil gathering system in the Permian Basin of West Texas and New Mexico, even as it moves ahead Continue Reading
A survey of analysts expects the US Energy Information Administration to announce a storage injection of 92 Bcf for last week, which is once again below the five-year average and Continue Reading
President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry. June 6 (Reuters) – U.S. President Donald Trump, in yielding to pressure Continue Reading
U.S. crude oil stockpiles rose unexpectedly last week even as refineries hiked output to the highest in five months, while gasoline stocks increased sharply as demand eased, the Energy Information Continue Reading
Shale oil, which the Energy Information Administration projects will represent a rising proportion of American oil supplies in the coming decades, has a surprising Achilles heel: its low octane levels, Continue Reading
President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with Continue Reading
Jet-fuel prices have surged more than 50% over the past year, pushing carriers to raise fares and Delta Air Lines Inc. DAL -0.91% to cut its profit expectations. Delta, the Continue Reading
Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. Continue Reading
The rise in oil prices moved in tight correlation with the hiring at companies at the heart of the U.S. oil production—Houston—where hiring jumped by 12.4 percent annually in May Continue Reading
Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom. It’s fueling the region and starving it at the Continue Reading
U.S. major ExxonMobil and Russian energy company Rosneft ( ROSN.MM ) expect their future joint project to produce more than 6.2 million tonnes of liquefied natural gas per year, Interfax Continue Reading
Times are good for oak tree growers in France. Exports of oak logs have soared and so have prices, largely because of demand from China. Beijing banned commercial timber harvests Continue Reading
Oil prices rose on Wednesday after Venezuela raised the prospect of a halt to some crude exports, but gains were capped by reports that the U.S. government had asked Saudi Continue Reading
As oil prices continues to fall, the American Petroleum Institute (API) reported a draw of 2.028 million barrels of United States crude oil inventories for the week ending June 1, Continue Reading
Oil rose for the first time in four sessions as traders braced for a U.S. government report that’s expected to show sliding domestic crude stockpiles. Futures rose 1.2 percent in Continue Reading
Oil prices slid early on Tuesday, as reports of the U.S. asking OPEC to lift oil production and hedge funds boosting their short positions added to bearish sentiment. Rising geopolitical Continue Reading
All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. US C+C production through April, 2018. For the last 8 months, the average increase Continue Reading
We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all Continue Reading
The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the Continue Reading
Israel’s leader urged France on Tuesday to turn its attention to tackling Iran’s “regional aggression”, saying he no longer needed to convince Paris to quit world powers’ 2015 nuclear deal Continue Reading
Recovering from political disputes, a $10 per barrel increase in the price of oil could add about 4 percent to GDP from gas-rich Qatar, Fitch Ratings reported. Qatar is the Continue Reading
Some newly elected Iraqi lawmakers, linked with populist Shiite cleric Moqtada al-Sadr whose alliance won the elections last month, are not sure that Baghdad’s participation in the OPEC production cut Continue Reading
It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic Continue Reading
Iran’s energy industry started 2018 full of hope for growing oil production and exports. But risks abound, including new US sanctions, a possible global alliance against Iran’s alleged support of Continue Reading
The United States government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output, but it has not requested a specific figure, three OPEC and industry Continue Reading
The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to Continue Reading
Iraq’s Oil Ministry is denying that it has activated an agreement to export crude oil from Kirkuk to Iran, even though several Iraqi officials and an Iranian state news outlet Continue Reading
A coalition of Niger Delta groups yesterday maintained that the recent protests against the Joint Task Force (JTF), a special security outfit fighting criminalities in the region, was a case Continue Reading
Venezuela may be facing further economic obstacles as the U.S. secretary of state calls for its suspension from the Organization of American States. Venezuelan President Nicolas Maduro faced widespread criticism Continue Reading
Venezuela’s state oil company PDVSA has told eight foreign clients it will be unable to supply the contracted volumes of crude oil, a company employee told S&P Platts. “Among the Continue Reading
Saturday at the annual Shangri-La Dialogue, a much covered and annual international security forum in Singapore, U.S. Defense Secretary James Mattis pulled no punches, stating that Beijing’s moves in the Continue Reading
More interest in the oil and gas basin off the western coast of Ireland is expected after reserve estimates nearly doubled, Europa Oil & Gas said Tuesday. The company, which Continue Reading
NYMEX July natural gas futures extended Monday’s fall in early Tuesday trading, easing back towards the $2.90/MMBtu mark, after having nudged $3/MMBtu Monday morning. The NYMEX July contract was seen Continue Reading
Once again, the oil and gas industry adds jobs in the U.S. Mining employment continued its upward trend in May, as the industry added another 6,000 jobs, according to data Continue Reading
