BYD recently delivered five electric buses to the Vineyard Transit Authority (VTA) in Martha’s Vineyard, Massachusetts; a sixth is scheduled to be delivered by the end of the July. VTA Continue Reading
Iranian crude oil imports into India fell by 15.9 percent in June from May, or to 592,800 bpd from more than 705,000 bpd in the previous month, Reuters reports , Continue Reading
Source: U.S. Energy Information Administration, Short-Term Energy Outlook EIA’s July 2018 Short-Term Energy Outlook (STEO) expects natural gas-fired power plants to supply 37% of U.S. electricity generation this summer (June, Continue Reading
The fuel crisis has returned to the three states of Kordofan, affecting transportation within towns and travel to other states. For a week, the authorities of Babanusa have stopped supply Continue Reading
The U.S. Environmental Protection Agency ditched a detailed plan that would have forced refiners to blend more biofuels into their gasoline and diesel in 2019 to compensate for volumes likely Continue Reading
Alaska officials on Wednesday said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Continue Reading
U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks to their lowest point since February 2015, the Continue Reading
The highest retail gasoline prices in years are the latest development to raise concerns about one of the longest-running U.S. economic expansions on record. Drivers across the U.S. in May Continue Reading
The U.S. Energy Information Administration (EIA) proclaimed on Tuesday that, if its forecasts are correct, “the United States will average nearly 12 million barrels a day (mbd) … in 2019 Continue Reading
Highlights Three of four scenarios show enduring role for gas EVs, electrification drive power demand increases Peak demand growth ‘can be controlled’ London — Natural gas continues to provide more Continue Reading
Alstom’s Coradia iLint ( earlier post ), the world’s first hydrogen fuel cell passenger train, has been granted approval by the German Railway Office (EBA) for passenger service in Germany. Continue Reading
BRUSSELS (Reuters) – U.S. President Donald Trump launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia, saying Berlin had become Continue Reading
The Norwegian government said oil production in June was below expectations because of technical issues at some offshore fields. File Photo by A.J. Sisco/UPI. July 11 (UPI) — The Norwegian Continue Reading
Moscow — Russian oil producers may be capable of increasing production by as much as 600,000 b/d within the next nine to 18 months if the country’s agreements with OPEC Continue Reading
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of Continue Reading
stoppages in the North Sea. Eskil Eriksen, a spokesman for Norwegian major Equinor, told UPI that part of its operations offshore were impacted by a labor strike staged by offshore Continue Reading
Oil prices were mixed on Tuesday, as price gains on supply concerns in Norway and Libya were tempered by the United States’ indication that it would consider requests for waivers Continue Reading
Oil prices have spiked more than 13 percent in the past ten days , with WTI touching $75 at one point, the highest since the 2014 price crash. The factors Continue Reading
General Ideas Fuel prices are rising. More oil shocks have been predicted, and we remain unready to face a new age that is approaching rapidly. Some may not have heard Continue Reading
With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity Continue Reading
Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that U.S. sanctions would hurt the economy but promised to “sell as much oil as we can” and protect its banking system. Continue Reading
Iranian threats to block the flow of oil through the Strait of Hormuz, a global chokepoint, haven’t been manifested yet, an international affairs expert said. Facing a November deadline on Continue Reading
We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the Continue Reading
OPEC is doing its best to offset supply disruptions around the world, but it has no intention of “overdoing it”, Bloomberg reports , citing the cartel’s president, UAE’s energy minister Continue Reading
President Donald Trump’s aversion towards Iran’s rulers has been obvious since his announcement for running for the office of US president. His confrontational policy has culminated in the unilateral withdrawal Continue Reading
Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set Continue Reading
For much of his presidency, Hassan Rouhani has been at loggerheads with Iran’s military and conservative establishment, as he forged diplomatic ties with the West to break his country’s international Continue Reading
When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to Continue Reading
Libya has lifted as of Wednesday its force majeure on the Ras-Lanuf, Es sider, Marsa, El Hariga and Zueitina oil terminals, National Oil Corporation Chairman Mustafa Sanalla said in a Continue Reading
Islamic State militants recaptured on Monday two oil fields in the oil-rich Deir Ezzor region in Syria, a Turkey-based Syrian news agency reported on Tuesday. According to Qasioun news, the Continue Reading
Residents were evacuated and boats were back in harbor in east China Tuesday, as Typhoon Maria, the eighth typhoon this year, approached the Chinese coast. Maria is forecast to bypass Continue Reading
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 Continue Reading
The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States. The Canadian government Continue Reading
U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first time ever, the U.S. Energy Information Administration said in Continue Reading
Consumer demand strains and the lack of extra oil on the global market mean retail gas prices in the United States continue to climb, analysts said. Motor club AAA lists Continue Reading
He was almost right. The work came back. But Mr. Neece’s former job as a well logger—measuring well conditions thousands of feet underground—was gone. Those duties are increasingly being overseen Continue Reading
On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude imports by as much as possible. China is Tehran’s biggest oil buyer, and Continue Reading
The American Petroleum Institute (API) reported yet another major draw of 6.796 million barrels of United States crude oil inventories for the week ending July 7 compared to analyst expectations Continue Reading
There is perhaps no industry that better captures the money-multiplying effect of the Permian boom. (Bloomberg) — Standing high on top of a windswept dune in the West Texas plains, Continue Reading
CME Group Inc said on Tuesday it will develop the first physically deliverable U.S. liquefied natural gas futures contract as growing worldwide demand has made the United States a key Continue Reading
Executives at Canada’s largest integrated oil and gas producers on Tuesday downplayed the severity of transportation bottlenecks to move oil in the near term, citing existing pipeline commitments and refining Continue Reading
When Bill West drives his weed sprayer over wheat and hay fields at his ranch northwest of Gillette, Wyoming, he occasionally bumps into debris from the more than a hundred Continue Reading
U.S. President Donald Trump launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia, saying Berlin had become “a captive to Continue Reading
The highest retail gas prices in years are raising concerns about one of the longest-running U.S. economic expansions on record. Drivers across the U.S. have paid as much as $2.96 Continue Reading
When oil traders list the rising risks to global oil supplies, which have helped boost prices close to the highest level in four years, a host of country names usually Continue Reading
Opening new acreage to drillers on the British continental shelf sets the stage for a revival for the offshore sector, a government official said Tuesday. The British Oil & Gas Continue Reading
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and Continue Reading
The UK should back renewables and support only one more nuclear plant after Hinkley Point C before 2025, because renewable energy is the safest bet for a low-cost energy system Continue Reading
Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later Continue Reading
Crude futures settled higher Monday, supported by recent supply disruptions, both real and anticipated. Receive daily email alerts, subscriber notes & personalize your experience. ICE September Brent settled 96 cents Continue Reading
