Clock starts for Germany’s next wind farm
German energy company E.ON said Thursday the start of turbine installation at the Arkona wind farm in the Baltic Sea sets the clock ticking for a 2019 launch. The company Continue Reading
Electric vehicles ‘cost-competitive by 2024-25’: Oxford summit
Fully cost-competitive electric vehicles will be on European roads by 2024-25 if battery costs continue to fall at current rates, according to speakers at Oxford City Council’s EV Summit 2018 Continue Reading
Yamal LNG’s carriers pass Northern Sea Route in 9 days on way to China
Russian Novatek-led Yamal LNG project has sent two Arc7 ice-class LNG carriers destined to China via the Northern Sea Route in just nine days with no icebreaking support, marking the Continue Reading
Oil falls as Trump urges OPEC to cut prices, market anticipates China/U.S. trade tariffs
Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing, which Continue Reading
Brent crude firms on drop in U.S. oil inventories, Iran threat
Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude inventories for the second week in a row. The price Continue Reading
The Most Overlooked Renewable Energy Source
Battery-powered electric vehicles have been stealing the spotlight from fuel cell vehicle technology, despite the fact that the latter has been around for a decade or two longer than battery Continue Reading
Ghost ships no more: Explorers resume oil, gas search as prices perk up
A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy companies, now with more cash thanks to stronger crude prices, gradually resume Continue Reading
Iran’s Guards threatens to block oil shipments in Gulf
An Iranian Revolutionary Guards commander said on Wednesday that Tehran will block oil shipments through the Strait of Hormuz in the Gulf if the United States bans Iranian oil sales. Continue Reading
Iran Threatens To Close Crucial Oil Chokepoint
Iranian president Rouhani stated on Tuesday in Bern, Switzerland that his country could block the Strait of Hormuz for all Arab shipping traffic if Washington fully implements its zero oil Continue Reading
US Navy ‘stands ready’ to protect Hormuz after Iran threatens crude oil exports
The US military has reiterated its pledge to protect oil tankers sailing through the Strait of Hormuz after Iran’s president suggested shipments from the region could be disrupted in response Continue Reading
Iranian President: No One Will Benefit From U.S. Nuclear-Deal Exit
During a visit to Vienna, Iranian President Hassan Rohani has reiterated that Tehran will remain in the 2015 nuclear deal with world powers as long as its interests are guaranteed Continue Reading
Rouhani says U.S. has not thought about consequences of Iran oil ban: IRNA
LONDON (Reuters) – Iranian President Hassan Rouhani said on Wednesday that Tehran will stand firm against U.S. threats to cut Iranian oil sales, and warned that Washington had not thought Continue Reading
Iran threatens to cut cooperation with nuclear body after Trump move
LONDON (Reuters) – Iran could reduce its co-operation with the U.N. nuclear watchdog, President Hassan Rouhani told the body’s head on Wednesday, after he warned U.S. President Donald Trump of Continue Reading
Saudi Arabia Still Detaining Dozens From Corruption Crackdown
Months after the start of an anti-corruption crackdown, Saudi authorities are still holding a senior prince and several dozen businessmen and former officials in detention and recently have made new Continue Reading
Nigeria: Navy Destroys 1,500 Illegal Refineries in Delta
Delta has destroyed about 1500 illegal refineries with swamp buggy in the Delta creeks in the last two months. The Commander of the ship, Commodore Ibrahim Dewu, disclosed this to Continue Reading
Nigeria Rated Poorest Country Despite Oil Earnings
Nigeria was recently rated the poorest country in the world, ahead of India, and that’s despite several hundred billion dollars in oil earnings over the last decade, a transparency group Continue Reading
Mexico’s new government will honor oil contracts if they are clean: top aide
Oil and gas contracts awarded under the Mexican government’s energy reform will be respected by the incoming administration provided no problems emerge in a review of the tender process, the Continue Reading
Can China Save Venezuela’s Collapsing Oil Industry?
China Development Bank will reportedly invest $250 million in Venezuela’s Orinoco Belt in an effort to stave off the decline of the country’s heavy oil production. That comes as China Continue Reading
Baidu’s self-driving bus begins mass production
Chinese tech giant Baidu announced that its newly developed self-driving bus would begin mass production as the 100th bus came off the production line Wednesday in southeast China’s Fujian Province. The Continue Reading
China keeps LNG off tariff list for now, could be trade weapon later
BEIJING (Reuters) – China’s omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should Continue Reading
China independent refiners awarded 9.68 mil mt in 2nd batch crude import quotas
China’s independent refineries were awarded late Thursday a second batch of crude import quota allocations for 2018 totaling 9.68 million mt for 20 refiners, bringing the total quota allocated to Continue Reading
Syncrude site takes step toward restarting, but timetable unchanged
The Syncrude oil sands site in northern Alberta is commissioning its steam systems, taking an important step toward restarting, its majority owner Suncor Energy Inc ( SU.TO ) said on Continue Reading
Detroit Needn’t Fret Yet About Pump Prices
International headlines haven’t been good for companies selling autos in the U.S., but rising oil prices shouldn’t rank very high on their list of worries. U.S. retail gasoline prices ahead Continue Reading
Oil Markets Look Forward To A Quiet Hurricane Season
Last year, hurricane season disrupted a lot of oil production and refining capacity along the U.S. Gulf Coast, sending oil prices soaring. This year, however, oil bulls may be in Continue Reading
Trump again blasts OPEC for rising gasoline prices
US President Donald Trump Wednesday again tweeted critical comments against OPEC, claiming that the producers’ group was driving up domestic gasoline prices while the US provides many members with military Continue Reading
USA and World Oil Production
All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. USA data is through April. C+C production Continue Reading
Trump renews Opec threat in July 4 tweet
US President Donald Trump tweeted about Opec on Wednesday amid Independence Day celebrations, to repeat a threat that lower oil prices should be the quid pro quo for the security Continue Reading
Trump Is Fracturing OPEC
Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices down a bit on Monday. Continue Reading
Trump May Tap Strategic Petroleum Reserve To Lower Prices At The Pump
As Independence Day approaches, AAA reports that a record-breaking 46.9 million Americans will travel 50 miles or more away from home, an increase of more than five percent compared with Continue Reading
Chevron starts sale of several North Sea oil and gas fields
Chevron has kicked off the sale of a number of its oil and gas fields in the ageing North Sea as part of a review of the U.S. giant’s European Continue Reading
The Energy Companies Fighting For EV Charging Dominance
Oil companies and utilities won’t dispute that electric vehicles are on the cusp of becoming mass market. Their battle will be more over which business will dominate the booming charging Continue Reading
Oil majors double down in UK West of Shetland area
The international majors are sharpening their UK focus on the more prospective west of Shetland area, with BP raising its stake in the Clair field and Chevron hoping to sell Continue Reading
Electric vehicles ‘cost-competitive by 2024-25’: Oxford Summit
Fully cost-competitive electric vehicles will be on European roads by 2024-25 if battery costs continue to fall at current rates, according to speakers at Oxford City Council’s EV Summit 2018 Continue Reading
Global Emissions are Up, in BP’s Analysis
French consultancy Cedigaz sees global gas demand growing by 1.4%/year between 2016 and 2040, a major reduction cumulatively from last year’s 1.8% compound annual growth rate. It does however see Continue Reading
Nuclear Fusion Reactor in France 55 Percent Complete
There may be lingering disagreements among China, the European Union, India, Japan, South Korea, Russia and the United States, but there is one complex project these seven entities have in Continue Reading
UK diesel car sales slump 30% while petrol races ahead
UK sales of new diesel cars fell by 30 percent in the first six months of this year, as buyers shunned the once-dominant fuel in favour of higher-CO2 petrol. Diesel Continue Reading
Do Crude Producers Really Want Higher Oil Prices?
Major states buying oil from Iran are unlikely to heed the U.S. call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting Continue Reading
Oil prices edge up as U.S. supply tightens, Iran sanctions loom
Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United Continue Reading
Oil prices chart new territory on supply-side concerns
Crude oil prices rose on Tuesday with the U.S. benchmark hitting a four-year high on expected drains in domestic inventories and outages in Libya. Crude oil prices fell on Monday Continue Reading
U.A.E. joins OPEC members with commitment to more oil output
The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. Members of the Organization Continue Reading
Iran’s oil can still flow, the country’s first vice president said
Iran’s first vice president said the U.S. government’s efforts to force Tehran’s customers to stop importing any of its oil by November is not realistic. “U.S. sanctions would not be Continue Reading
Iran’s Rouhani hints at threat to neighbors’ exports if oil sales halted
President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighboring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian Continue Reading
Why water is a growing faultline between Turkey and Iraq
They are from different generations, different countries, and live 1,100km apart. Yet the fates of Suleyman Agalday and Nashwa Nasr are intertwined by policies transforming the Tigris River that has irrigated Continue Reading
Libya’s NOC Calls For Sanctions Over Port Seizure As Production Halts
Libya’s Tripoli-based National Oil Corporation (NOC) is calling for sanctions against 46 individuals and entities seeking to run four oil ports that are now closed after the latest unrest took Continue Reading
UAE’s ADNOC Can Lift Oil Production By ‘Several Hundred Thousand’ Bpd
The Abu Dhabi National Oil Company (ADNOC) has the ability to raise its oil production by “several hundred thousand” barrels per day, the state-run oil firm of the United Arab Continue Reading
New oil phase under way for offshore Guyana
A contract for a floating production vessel offshore Guyana marks the start of the second phase of development of the giant Liza oil field, SBM Offshore said. The offshore services Continue Reading
U.S. sour crude sellers cut prices after China tariff, OPEC output increase: sources
Sellers of U.S. sour crude oil have cut their offers for Asian buyers on concern that demand may fall as China threatens to impose tariffs on oil from the United Continue Reading
The New Oil Cartel Threatening OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club , OPEC was probably too busy with its upcoming June 22 meeting to concern Continue Reading
U.S. drivers value fuel economy over brand as pump prices rise: poll
U.S. consumers put a high value on fuel economy when buying a new vehicle, according to a Reuters/Ipsos opinion poll, as automakers lobby the administration of President Donald Trump for Continue Reading
Get ready for big swings in U.S. gas prices
U.S. retail gas prices headed into the Independence Day holiday are the highest they’ve been in four years and may spike further alongside oil, an analyst said. Motor club AAA Continue Reading