China move to drop crude off tariff list a relief for Sinopec
China’s decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state oil firms prompted by a Continue Reading
World’s Solar Power Capacity To Hit Major Milestone By 2023
Despite the fact that China’s recent policy changes weigh on short-term forecasts, global solar capacity is expected to reach the 1 terawatt threshold by 2023, the latest quarterly report by Continue Reading
PetroChina Looks To Secure LNG From World’s Biggest Exporter
As Chinese demand for liquefied natural gas (LNG) surges amid the coal-to-natural gas switch, companies are looking to secure supplies—and one of the biggest Chinese firms is turning to the Continue Reading
U.S. Oil Vanishing From China Tariffs Reveals American Clout
The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months Continue Reading
A Major Setback Looms For Colorado Shale
An initiative to expand the setback distance required for oil and gas drilling in Colorado just received a boost, potentially making the November ballot. The stricter drilling requirements could have Continue Reading
Forcing A Breakthrough In Energy Storage: An Interview With Dr. Steve Griffiths
Alan Mammoser writes about energy, environment, cities, infrastructure and planning. He writes the weblog, www.warmearth.us Looking Toward Long Duration Storage OP: I assume that in your discussion of CSP with Continue Reading
Australian states delay approving new energy policy
Australia’s states on Friday held off approving a plan to end more than a decade of climate and energy wars and spur investment in new power supply, disappointing industry seeking Continue Reading
Canadian Oil Crisis Continues As Prices Plunge
Western Canada Select (WCS) recently fell below $40 per barrel , dropping to as low as $38 per barrel on Tuesday. That put it roughly $31 per barrel below WTI, Continue Reading
Europe wants U.S. LNG if the price is right
President of the European Commission Jean-Claude Juncker said Europe is ready for liquefied natural gas from the United States if the price is competitive. – If the price is right, Continue Reading
U.S. curbs on Russian banks would be act of economic war: PM
Russia would consider any U.S. move to curb the operations of Russian banks or their foreign currency dealings a declaration of economic war, Prime Minister Dmitry Medvedev said on Friday. Continue Reading
Russia Boosts Global Oil Supply
The world’s oil supply expanded in July on the back of surging Russian crude production, the International Energy Agency said Friday, in a concrete sign of the unraveling of a Continue Reading
The tightening vice of US sanctions on Moscow
To the perhaps mutual chagrin of Vladimir Putin and Donald Trump, the Russian and US leaders’ chummy summit in Helsinki last month appears to have backfired. Instead of a thaw Continue Reading
Oil regains some poise after three percent drop
Oil inched up on Thursday, paring some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude Continue Reading
Oil tumbles on slowing Chinese demand, U.S.-China trade spat
Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy Continue Reading
Trade tensions catch up to oil prices
Trade tensions are catching up to the price of oil, snapping a streak of steady gains for crude on Wednesday. File Photo by John Angelillo/UPI | Aug. 8 (UPI) — Continue Reading
Iran says OPEC may need extraordinary meeting over output changes
Iran’s oil minister said OPEC may need to hold an extraordinary meeting should the organisation of oil producers fail to prevent member countries from adjusting their crude production without approval, Continue Reading
Revival of Sanctions Delay China, Russia Oil-Field Deals in Iran
China, Russia and India say they will continue to buy petroleum from Iran, despite U.S. sanctions that would prohibit those sales, although banking difficulties are hampering their ability to invest Continue Reading
Insurgency continues targeting energy infrastructure
Militants of the self-proclaimed Islamic State (IS) group are continuing their grinding campaign of guerrilla warfare, as under-resourced security forces struggle to control a band of volatile territory across northern Continue Reading
Discrepancy Over Saudi Oil Data Could Rattle Markets
Saudi Arabia has pressed independent energy analysts to alter their estimates of its oil production, people familiar with the matter said, a move that could put it in conflict with Continue Reading
Iran: OPEC Committee Tried To Redistribute Oil Quotas
Iran is calling out the joint OPEC/non-OPEC committee tasked with monitoring the collective production deal, saying that the committee tried to redistribute oil production quotas among some OPEC members or Continue Reading
Iraq’s July crude oil production hits new 13-month high: SOMO
Iraqi crude oil production hit its highest in 13 months in July of 4.46 million b/d, the country’s State Oil Marketing Organization said Thursday. Receive daily email alerts, subscriber notes Continue Reading
Niger looks to capitalize on oil wealth
The energy minister in Niger said the government wants to see oil production start as soon as possible. Photo courtesy of Savannah Petroleum Aug. 8 (UPI) — The government of Continue Reading
India’s Top Refiner Buys U.S. Oil To Partially Replace Iranian Crude
Indian Oil Corp, the biggest refiner in India, has purchased a total of 6 million barrels of U.S. crude oil for delivery between November and January, as it has started Continue Reading
Oil product deliveries in Argentina hampered by low water level in major river
A decline in the water level of the Parana River to a 10-year low is slowing deliveries of oil products and biofuels in central and northern Argentina, an industry source Continue Reading
Why The U.S. Won’t Sanction Venezuela’s Oil
Over the past year, the U.S. has imposed increasingly restrictive sanctions on Venezuela’s finances and debt issuance as Nicolas Maduro continues to tighten his grip over the collapsing Venezuelan state. Continue Reading
The Shale Boom That Will Never Happen
When the National Hydrocarbons Commission of Mexico scheduled its first-ever shale tender for September this year, the July elections were obviously not front and center in the thoughts of its Continue Reading
China cooling has mixed solar power impact
While a Chinese decision to limit subsidies on new solar project curbs global growth, some sectors will benefit from the subsequent oversupply, analysis finds. The National Energy Administration in China Continue Reading
Despite Weak Teapot Demand, China’s Oil Imports Recover In July
China’s crude oil imports in July rose for the first time in three months, but were still at their third lowest monthly level so far this year, as independent refiners Continue Reading
Japan Negotiating with U.S. For Iranian Oil Import Exemption
Japan will continue to negotiate with the United States to seek exemption from the U.S. sanctions on Iran’s oil, as Tokyo wants to avoid negative impacts on its energy supply Continue Reading
China’s commodity imports stay resilient, but U.S. trade dispute looms: Russell
It’s tempting to look at China’s imports of major commodities in July and conclude that the strength is a sign that the escalating trade dispute with the United States isn’t Continue Reading
U.S. coal cargoes heading for China as Beijing takes aim with new tariffs
At least four cargoes of U.S. coal worth $30 million are headed to China as Beijing prepares to hit imports with hefty 25-percent tariffs, threatening a niche supply of the Continue Reading
U.S. crude stockpiles fall less than expected: EIA
U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.4 million barrels in the last week, Continue Reading
Shale company Continental Resources raises production expectations
U.S. shale company Continental Resources said in its second quarter report it was raising its production and spending expectations for the year. “Continental is in an advantaged position in the Continue Reading
Average U.S. construction costs for solar and wind continued to fall in 2016
Source: U.S. Energy Information Administration, Form EIA-860, Electric Generator Construction Costs Based on 2016 EIA data for newly constructed utility-scale electric generators (those with a capacity greater than one megawatt) Continue Reading
Canada Frees Itself From Saudi Oil Imports
The ongoing political row between Canada and Saudi Arabia over Ottawa’s demand that the kingdom release detained women’s rights activists in the country is picking up momentum. Earlier this week, Continue Reading
Continental Resources Sees 15-20 Pct Output Growth in 2019
Continental Resources, the U.S. shale producer controlled by billionaire Harold Hamm, expects its output to grow by 15 to 20 percent next year, with much of that increase weighted toward Continue Reading
Plains to Bring Permian Projects Online Early Amid Pipeline Bottlenecks
Plains All American Pipeline LP said two West Texas crude pipeline projects would begin partial operations slightly ahead of their original schedules. Aug 8 (Reuters) – Plains All American Pipeline Continue Reading
Saudi Arabia reassures Canada on oil supplies in row over jailed activists
RIYADH (Reuters) – A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers Continue Reading
The Battery Pioneer Who, at Age 96, Keeps Going and Going
In the race to make the next leap in battery technology, there is a 96-year-old who won’t give up. Four decades ago, John Goodenough helped invent the battery that is Continue Reading
We won’t stop California’s wildfires if we don’t talk about climate change
CALIFORNIA, THE nation’s most populous state and the world’s fifth-largest economy , is on fire. In a state already known for monster conflagrations, the past month has been unusually destructive. The Mendocino Complex fire Continue Reading
EIA: U.S. Oil Production Growth Is Slowing
The EIA just revised down its forecast for U.S. oil production growth for 2018, an acknowledgement that pipeline constraints are slowing output gains in the Permian basin. The EIA believes Continue Reading
Is This Europe’s Newest Oil & Gas Producer?
Few countries have a hydrocarbon history as difficult and convoluted as Portugal. It has lost its colonies just as Angola’s oil production was on the brink of multiplying – later Continue Reading
Poor EU harvest to shrink wheat stocks, swell maize imports: analysts
Weather-hit cereal harvests in Europe will lead to tight wheat supplies in 2018/19 and leave the region reliant on record imports of maize to feed its livestock herd, analyst firm Continue Reading
Russian shares and rouble hit by US sanctions
The Russian stock market fell on Thursday and the rouble hit a two-year low after the Trump administration prepared sweeping new sanctions against Russia in response to the poisoning of Continue Reading
Russia Phasing Out Crude Oil Export Duty By 2024
Russia’s President Vladimir Putin has signed into law a bill to phase out Russia’s crude oil export duty by 2024, which is expected to increase export netbacks for oil producers. Continue Reading
US triggers Russia sanctions that could block crude, product imports
Fresh US sanctions imposed on Russia on Wednesday are not expected to impede energy trades, but a second round of sanctions that the law could trigger after three months would Continue Reading
Audi e-tron recuperation system contributes up to 30% of total range
The Audi e-tron prototype combines power, efficiency and range. With a system output of up to 300 kW, the full-size SUV with a fully electric drive accelerates from zero to Continue Reading
Oil Nudges Higher on Expected Fall in U.S. Stocks
Oil prices edged up Wednesday ahead of weekly U.S. data that is expected to show a fall in stocks, while the reinstatement of the first phase of U.S. sanctions against Continue Reading
Oil steady as concerns over Iran sanctions offset weak Chinese imports
Oil prices steadied on Wednesday despite relatively weak Chinese import data as the market remained supported by falling U.S. crude inventories and the introduction of sanctions against Iran. Front-month Brent Continue Reading
WTI, Brent Edge Upward on Sanctions Rumblings
The WTI for September posted a 16-cent gain Tuesday. The WTI for September posted a 16-cent gain Tuesday, settling at $69.17 a barrel after trading between $68.81 and $69.83. Meanwhile, Continue Reading