Wood Mackenzie sees a ‘loosening’ of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, reveals in an interview with Continue Reading
The first round of U.S. sanctions on Iran just took effect, a slew of measures targeting Iran’s currency and its financial sector. The U.S. sanctioned the trading of bank notes Continue Reading
A Guest Post by Dr. Minqi Li, Professor Department of Economics, University of Utah E-mail: [email protected] August 2018 This is Part 3 of the World Energy Annual Report in 2018. Continue Reading
In the current economic climate, low-income families are struggling to put food on the table. One woman, speaking to the Financial Times as she paid over the odds for a Continue Reading
Japan’s largest refiner, JXTG Nippon Oil & Energy, may be forced to stop imports of Iranian crude oil loading in September without clear guidance from the government as US sanctions Continue Reading
A U.S. plan to reduce Iran’s oil exports to zero will not succeed, Iranian Foreign Minister Mohammad Javad Zarif was cited as saying by an Iranian newspaper on Wednesday. U.S. Continue Reading
Iran’s oil exports dropped by 7 percent to 2.32 million bpd in July—their lowest level in four months—as South Korea and Europe are slashing imports ahead of the return of Continue Reading
A position taken by parties to the Iranian nuclear deal shows there’s interest in keeping oil exports flowing and banking channels open, Iran’s president said. U.S. President Donald Trump on Continue Reading
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
As if oil market participants haven’t had enough conflicting market forces to digest over the past week, reports that Saudi Arabia’s crude oil production surprisingly dropped in July by around Continue Reading
The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution.The project, will put Nigeria on Continue Reading
Source: U.S. Energy Information Administration, International Energy Outlook 2018 (IEO2018) India’s economic development is likely to have a considerable impact on future international energy markets—including U.S. energy exports—because of the Continue Reading
Resource-poor Japan has stepped up the search, research, and development of new energy sources following the Fukushima disaster in 2011. In the wake of the accident, Japan shut down almost Continue Reading
One of the few foreign companies working in Cuba, Melbana Energy said analysis reveals more oil there than expected. File Photo by Michael Bush/UPI | Aug. 7 (UPI) — Melbana Continue Reading
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to Continue Reading
China’s yuan-denominated crude oil futures contract for September delivery jumped to an all-time high on Tuesday by its daily limit, as speculators are eagerly trading the Chinese futures, while investors Continue Reading
A team from Tohoku University and Tokyo Tech have addressed one of the major disadvantages of all-solid-state batteries by developing batteries with a low resistance at their electrode/solid electrolyte interface. Continue Reading
U.S. exports of liquefied natural gas (LNG) to China in July fell to their lowest level in a year and are expected to decline further as the Sino-U.S. trade dispute Continue Reading
China’s crude oil imports recovered slightly in July after falling for the previous two months, but were still among the lowest this year due to a drop-off in demand from Continue Reading
China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to Continue Reading
NEW YORK (Reuters) – U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. Continue Reading
With competing factors tugging on the price of oil, and subsequently retail gas prices, analysts were mixed on a direction for U.S. consumers. Motor club AAA reports a national average Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $74 per barrel (b) in July, largely unchanged from the average in June. EIA expects Brent spot prices will Continue Reading
The US Energy Information Administration on Tuesday adjusted its forecast for US ethanol blending with gasoline in the remainder of 2018 in its August Short-Term Energy Outlook but left the Continue Reading
Highlights ‘Very tight’ market failed to hit offer cap West Texas congestion totals $30 million Houston — Receive daily email alerts, subscriber notes & personalize your experience. Register Now Strong Continue Reading
U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018. Aug 7 (Reuters) – U.S. dry natural gas production Continue Reading
Oregon’s Supreme Court has handed a major victory to Portland, upholding the city’s right to greatly restrict fossil fuel infrastructure. The measure has been a source of controversy and considerable Continue Reading
The Trump administration is taking the aggressive move of not only trying to freeze fuel economy standards for the nation’s cars and light duty trucks, but it is also attempting Continue Reading
Part 1 of 2 Renewables are becoming a major source of electricity in the U.S. and many other countries and can no longer be considered “alternative” energy. Now about 7 Continue Reading
Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants. With wind and solar farms sprouting up in more areas Continue Reading
First oil from the second phase of the Buzzard field in the British waters of the North Sea is expected in three years, a partnership announced. Nexen leads a partnership Continue Reading
Brent crude oil futures LCOc1 were up 50 cents to $74.25 per barrel at 0928 GMT (5.28 a.m. ET) and U.S. West Texas Intermediate (WTI) crude futures CLc1 were up Continue Reading
Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions Continue Reading
Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele Continue Reading
President Donald Trump’s top security advisor on Monday urged Iran to take up an offer of talks with the United States or suffer more pain from economic sanctions, but Iran’s Continue Reading
With U.S. sanctions relief on Iran winding down on Monday, the U.S. secretary of state said it would take immense changes from Tehran to avoid further pressure. Under the new Continue Reading
The United States wants as many countries as possible to cut their imports of Iranian oil to zero, a senior U.S. administration official said on Monday in a telephone press Continue Reading
What is the Iran nuclear deal? US President Donald Trump has issued a strong warning to anyone trading with Iran, following his re-imposition of sanctions on the country. “Anyone doing Continue Reading
The world’s largest oil exporter loaded 1 million barrels a day onto tankers bound for the U.S. in July. That’s a 36 percent jump from June and the single biggest Continue Reading
Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season Continue Reading
A high-voltage power line in Iraq has been targeted by Islamist militants eight times over the past two months, the country’s electricity ministry said , adding the latest attack caused Continue Reading
Late last month, reports emerged from Saudi Arabia and its Gulf allies that the Yemen Houthi rebels had attacked two Saudi oil tankers in the strait of Bab el-Mandeb, one Continue Reading
After a halt due to militant attacks, oil shipments through a Red Sea strait near the coast of Yemen resumed during the weekend, Saudi Aramco announced. In a statement Saturday, Continue Reading
ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait, the Pakistani Continue Reading
The Peoples Democratic Party (PDP) Monday charged President Muhammadu Buhari and the ruling All Progressives Congress (APC)-led administration to tell Nigerians what they know about the N9 trillion ($25 billion) Continue Reading
U.S. crude oil producers appear to have found an alternative buyer for cargoes no longer heading to China, with India on track to import record volumes in August. India has Continue Reading
Venezuelan President Nicolas Maduro has begun rounding up suspects after he avoided an attempted assassination over the weekend, raising the possibility of yet another security clampdown on the already suffering Continue Reading
The escalating U.S.-China trade war is deterring hedge funds and other money managers from opening new positions in the WTI and Brent benchmarks, with total bets dropping to their lowest Continue Reading
Tesla is working on a “mini-car that can squeeze in an adult,” a new tweet from chief executive Elon Musk told the world. The tweet, like another recent one about Continue Reading
Walmart Inc. promised to get half its power from solar and wind by 2025. If successful, Walmart would leap over Google to become the world’s top green-energy buyer. (Bloomberg) — Continue Reading
