Six states in the US Northeast are adopting ultra-low sulfur heating oil specifications on July 1, completing a stair-stepping transition that began six years ago and leaving few options for Continue Reading
In a development that could further advantage OPEC members as they step up production to compensate for falling exports out of Venezuela and (potentially) Iran, the Barents Observer is reporting Continue Reading
Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines. Seeking to remain Continue Reading
BASF oil and gas subsidiary Wintershall defended its partnership with Russia in the Nord Stream 2 pipeline to bring Russian gas to Europe, saying this was a more stable option Continue Reading
The U.S. shale boom and the massive Russian expansion of natural gas pipelines will make the United States and Russia the dominant spenders on oil, petroleum products, and natural gas Continue Reading
Removing Iranian oil from the global market by November as called for by the United States is impossible, an Iranian oil official told the semi-official Tasnim news agency on Wednesday. Continue Reading
Benchmark oil prices jumped over 2 percent on Tuesday and U.S. crude topped $70 for the first time in two months, as Washington pushed allies to halt imports of Iranian Continue Reading
As oil prices continues to fall, the American Petroleum Institute (API) reported a major draw of 9.228 million barrels of United States crude oil inventories for the week ending June Continue Reading
(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – In 2017, the oil and gas reserves at a selection of 83 publicly-traded companies grew by the Continue Reading
Natural gas is emerging as a dominant choice for industries in a global economy shifting toward a low-carbon future. Natural gas is on pace to eat away at the edge Continue Reading
The administration of President Donald Trump wants to help allies replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Continue Reading
The most dramatic events in the oil market last week occurred in North America as opposed to OPEC’s get-together in Europe, according to Goldman Sachs Group Inc. The bank says Continue Reading
Judging from its series of consequential meetings last week in Vienna, OPEC seems to have confirmed that the rumors of its death have been greatly exaggerated. The important thing to Continue Reading
Iraqi Prime Minister Haider al-Abadi said on Wednesday that Iraq would cooperate with OPEC and non-OPEC states to maintain oil price stability and prevent further price hikes. OPEC states, Russia Continue Reading
Oil major Royal Dutch Shell has exited the Majnoon oilfield and handed over all its operations to the state-run Basra Oil Co., two Iraqi oil officials close to the deal Continue Reading
Sharjah, the second-most populous emirate in the UAE has been subjected to repeated power cuts in the past. ( Pawan Singh / The National ) For Stock Sharjah has launched Continue Reading
The United States has told countries to cut all imports of Iranian oil from November and is unlikely to offer any exemptions, a senior State Department official said on Tuesday Continue Reading
The US is pressing Iran’s oil customers to zero out their imports by November 4 and has no plans to issue sanctions waivers, a strategy that could spark an oil Continue Reading
Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude Continue Reading
The U.S. threatened to slap sanctions on countries that don’t cut oil imports from Iran to “zero” by Nov. 4, part of the Trump administration’s push to further isolate Tehran Continue Reading
Conflicting claims over oil in OPEC-member Libya threaten to tear the country apart, a researcher at a risk consultant group said. File Photo by cherezoff/Shutterstock June 26 (UPI) — The Continue Reading
The latest discovery of oil in the deep waters of OPEC-member Angola could hold as much as 300 million barrels of oil, Italian energy company Eni said. Eni discovered oil Continue Reading
The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated with Continue Reading
The future of Libya’s crude oil exports has been plunged into even greater uncertainty with a rift opening between the National Oil Corporation and the so-called Libyan National Army over Continue Reading
A rogue military commander who oversees the eastern half of Libya has handed control of vital oil facilities to a rival of the U.N.-backed government in Tripoli, potentially escalating the Continue Reading
Oil production the neutral zone between Saudi Arabia and Kuwait has stopped until the parties reach an agreement, Kuwaiti state news agency KUNA reported on Tuesday, citing Kuwait’s Oil Minister Continue Reading
At least four in every 10 oil and gas contracts will be awarded to Ugandans, the government said yesterday. The Media Centre executive director, Mr Ofwono Opondo, said a Cabinet Continue Reading
Plans to export increased volumes of liquefied natural gas from the US have been thrown into doubt because of the escalating trade dispute with China, industry executives have warned. Patrick Continue Reading
The Paris-based International Energy Agency (IEA) said in its Gas 2018 annual report on Tuesday that China will become the world’s top natural gas importer , boosted by liquefied natural Continue Reading
TOKYO/SEOUL (Reuters) – Japan and South Korea, two major buyers of Iranian oil, are in talks with the U.S. government in a bid to avoid adverse impacts from Washington’s reimposition Continue Reading
Steel pipes and tubes used in drilling and transporting crude oil flooded into Canada this spring, a Reuters analysis shows, as U.S. President Donald Trump’s steel tariffs forced producers from Continue Reading
“The money’s here,” says Don Bryant, who was born in Hobbs 53 years ago and owns a company that makes tools to repair oil wells. He thought about uprooting for Continue Reading
President Donald Trump’s trade war with China may be just the edge Canadian LNG export developers need as they try to woo Asian buyers and siphon market share from the Continue Reading
A severe truck driver shortage and newly implemented regulatory limits on drive time are making critical links in US logistics supply chains more costly, prompting companies to raise product prices Continue Reading
The pipeline project should address some of the bottleneck concerns around Permian Basin production. Kinder Morgan Texas Pipeline LLC (KMTP), EagleClaw Midstream Ventures LLC and Apache Corp. have teamed up Continue Reading
When General Electric Co bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue. GE promised to digitalize oilfields worldwide, Continue Reading
Coal has stumbled. Renewables have surged. Oil fell hard, then spent years clawing its way back up. But the biggest change in energy has been in tech. The shale revolution Continue Reading
When the U.S. Geological Survey published its updated resource estimate for the Wolfcamp Basin in the Permian a couple of years ago, it added fresh fuel to an already major Continue Reading
The soccer fiesta in Russia moves into its second week, but the noisy celebrations could not entirely hide the deepening discontent caused by the tightening of economic and social policies Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday he discussed U.S. sanctions on Russia and Moscow’s plan to expand its Nord Stream gas pipeline to Germany, which has irked Washington, Continue Reading
The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few Continue Reading
Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States Continue Reading
The price for Brent crude oil was under pressure Monday after OPEC hinted at more production, though a lack of spare capacity could be a factor. Brent, the global benchmark Continue Reading
Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as U.S. Continue Reading
If our longer-term goal is to reduce the accumulation of carbon dioxide in the atmosphere (which produces climate change) — there are only four ways to do it. 1) Reduce Continue Reading
Global seaborne thermal coal supply is expected to fall short of expected demand in the second half of this year amid falling capital expenditures at key miners, Citi analysts said Continue Reading
Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was Continue Reading
The International Energy Agency on Tuesday published its latest medium-term gas outlook containing forecasts for gas supply and demand to 2023. Global gas demand to reach 4.1 Tcm by 2023 Continue Reading
Given their significance for the vital functions of industrial societies and their potential for climate change, future developments in fossil fuel production ( petrol, natural gas, coal ), will have Continue Reading
What does the supply picture look like? The prospect of an extra 1m barrels per day of oil hitting the market would normally be considered uniformly bearish for prices. But Continue Reading
