Investor pressure on oil producers to focus more attention on shareholder returns and less on output will drive down vital industry investment in the long term, a leading U.S. shale Continue Reading
Renewable energy grew by the largest amount ever last year, while coal-fired electricity also reached a record high, according to new global data from oil giant BP. However, set against Continue Reading
Norway needs to see production trends develop in the Barents Sea to keep output steady beyond 2025. Map courtesy of the Norwegian Petroleum Directorate. June 21 (UPI) — Beyond 2025, Continue Reading
U.S. crude futures rose nearly 2 percent on Wednesday, supported by a drop in domestic inventories, while Brent edged down ahead of an OPEC meeting later this week that may Continue Reading
Crude oil prices remained relatively stable after the Energy Information Administration reported a draw of 5.9 million barrels in U.S. crude oil inventories for the week to June 15. At Continue Reading
This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, Continue Reading
Iran’s oil minister is resisting a Saudi Arabia-led push to raise crude output, putting the two Middle East rivals on a collision course ahead of a closely watched Opec meeting Continue Reading
Expect some sort of Goldilocks scenario from OPEC on future supplies, though talks under way in Vienna are increasingly contentious, a consultant group said. Ministers from the Organization of Petroleum Continue Reading
OPEC should boost daily output by roughly 1 million barrels over time to keep global crude supply and demand in the balance as production dips elsewhere, a leading U.S. shale Continue Reading
Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of Continue Reading
