Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows soon, an industry report found. State-backed oil company Petróleos de Venezuela, Continue Reading
In a strange about-face for the world’s soon to be top liquified natural gas (LNG) exporter, Australia is now considering importing the fuel. On Monday, ExxonMobil, Australia’s top gas supplier, Continue Reading
China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that Continue Reading
China is lining up retaliatory tariffs against the US to hit one of its most successful export industries in recent years: energy. Sales of US oil, gas and coal to Continue Reading
The U.S. Gulf of Mexico, (GoM) has been a tremendous resource that has largely been developed over the last thirty years or so. One by one, companies ventured into deep Continue Reading
The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in Continue Reading
A survey by American Energy Alliance reveals that most Americans are not in favor of paying for people’s electric vehicle purchases. The majority of American voters do not want to Continue Reading
Back in 2011, The New York Times first raised concerns about the reliability of America’s proved shale gas reserves. Proved reserves are the estimates of supplies of oil and gas Continue Reading
Renewable energy is winning and coal is on the skids. Disruption of the fossil fuel industry is well under way, and the global energy system is being decarbonised. We’re right Continue Reading
HOUSTON (Reuters) – China’s proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry’s largest customer, adding Continue Reading
California and eight other states are preparing to roll out a plan pressuring car companies and others to meet ambitious goals for sales of electric vehicles and other environmentally friendly Continue Reading
Donald Trump doesn’t qualify even as a George W. Bush substitute, much less a Cato Institute acolyte, when it comes to adhering to the principle of nonintervention in markets. This Continue Reading
A team of political activists huddled at a Hardee’s one rainy Saturday, wolfing down a breakfast of biscuits and gravy. Then they descended on Antioch, a quiet Nashville suburb, armed Continue Reading
President Trump is back on his warhorse called Tariffs, yesterday announcing he was considering the introduction of a 10-percent levy on Chinese goods worth US$200 billion. The latest escalation in Continue Reading
A Guest Post by George Kaplan Crude and Condensate BOEM has March 2018 production at 1696 kbpd, which is down 1% month-on-month and 4% year-on-year (March 2017 was the peak Continue Reading
In its eighth year of paralyzing austerity, Greece is facing another hot summer. Political controversies will be even more heated than the blessed Peloponnese climate, as the Tsipras Government is Continue Reading
EU negotiators informally agreed on a non-binding 32.5% energy efficiency target for 2030, with a 2023 upward review clause late Tuesday, effectively closing debate on a key part of the Continue Reading
Asked last month by a frustrated investor if, “hand on heart”, Royal Dutch Shell was more concerned about “the sustainability of the company or with the sustainability of the planet”, Continue Reading
Maintenance work at 10 different oil fields on the Norwegian continental shelf meant output was more than 10 percent lower than expected, the government said. The Norwegian Petroleum Directorate, the Continue Reading
The oil complex strengthened steadily into the US afternoon Monday ahead of June 22’s meeting in Vienna between OPEC members and key non-OPEC producer Russia. ICE August Brent settled $1.90 Continue Reading
Oil prices rose in the volatile trade Monday as this week’s OPEC meeting raised the specter of production increases and as investors assessed the impact of a trade dispute between Continue Reading
Despite expectations that OPEC and Russia will likely decide to boost production this week, Goldman Sachs continues to have a very bullish view on oil prices, with strong demand growth Continue Reading
OPEC is back to its squabbling ways after an unusual period of near harmony. But investors who are bidding up oil prices in the expectation of a split are misunderstanding Continue Reading
Goldman Sachs on Monday forecast a tighter oil market for longer amid strong demand growth and the likelihood that rising supply disruptions could counter any increase in OPEC production. “Our Continue Reading
In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with Continue Reading
Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non-OPEC countries by 1.5 million barrels per day, Ecuador’s oil minister said on Monday. Carlos Continue Reading
Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very Continue Reading
Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the Continue Reading
The OPEC+ meeting is just days away and it seems all but certain that the result will be some sort of increase in production , although the magnitude of the Continue Reading
OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg Continue Reading
Continental Resources Inc Chief Executive Harold Hamm has decided not to attend an OPEC event this week in Vienna, according to a company spokeswoman. Hamm, the founder of one of Continue Reading
Iran has effectively won the struggle to dominate the future of Iraq. It has done so against the formidable Shi’ite Arab populace, and after nearly a month of raw pressure, Continue Reading
Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading
The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in Continue Reading
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading
Iraq has informed farmers of a ban on planting rice and other water-intensive crops in the face of increasing shortages because of drought and shrinking river flows. A letter from Continue Reading
Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading
United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry. Mazrouei, who Continue Reading
New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. The company said it found Continue Reading
Damage from militant attacks on a crude oil terminal on the Libyan coast was described by a national oil company Monday as catastrophic. Libya’s National Oil Corp. said Monday it Continue Reading
Russia and Saudi Arabia have agreed to extend their oil partnership indefinitely, with the agreement stipulating that they could move to regulate oil production at any moment, TASS reports, quoting Continue Reading
There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34 million barrels. A market survey by Continue Reading
OPEC could add a new member at its meeting on Friday, with the Republic of Congo seeking to join the producer group. Congo, which produces about 250,000-300,000 b/d, would become Continue Reading
U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would retaliate, in a rapid escalation of the trade Continue Reading
President Donald Trump has ordered his administration officials to draft plans for tariffs on a further $200bn in Chinese imports if Beijing does not abandon its intention to retaliate against Continue Reading
ExxonMobil plans to develop a project to import liquefied natural gas (LNG) on Australia’s east coast that has been suffering from gas shortages lately. The U.S. supermajor is planning for Continue Reading
“It appears that the Western public, both relatively ‘educated’ and thoroughly ignorant, could, after some persuasion, agree on certain very basic facts – for instance that Russia has historically been Continue Reading
Without improvements to port facilities, the U.S. crude oil market could find itself increasingly landlocked, a market analyst said. The Organization of Petroleum Exporting Countries in their monthly market report, Continue Reading
Rechargeable lithium-ion batteries have one big problem that researchers are dedicating a lot of time to: their cathodes. Now, a team from the University of Maryland, the Brookhaven National Laboratory, Continue Reading
Major U.S. energy companies including Plains All American Pipeline ( PAA.N ), Hess Corp ( HES.N ) and Kinder Morgan Inc ( KMI.N ) are among many seeking exemptions from Continue Reading
