U.S. coal shipments reach their lowest levels in years
The 661 million short tons (MMst) of coal consumed in the electric power sector in 2017 was the lowest amount of coal consumed since 1983, and 2017 was the fourth Continue Reading
Falling Rig Count Supports Oil Prices
Baker Hughes reported a decrease to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 4 rigs , according Continue Reading
US coal exports again move higher in June: Census data
US coal exports totaled 9.2 million mt in June, up 5.1% from May and up 38.6% from the year-ago month, according to US Census data out Friday. Receive daily email Continue Reading
California Governor directs ARB to assess new regulations to increase ZEV adoption in public and private fleets
California Governor Jerry Brown has directed the California Air Resources Board (ARB) to assess possible regulatory requirements to ensure greater inclusion of zero emission vehicles in public and private light- Continue Reading
Feds Drop Obama-era ExxonMobil Probe
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue. The Continue Reading
Canada’s Top Heavy Oil Producer Eyes Lighter Crude
Canadian heavy oil is the weakest in almost five years, leading Canada’s largest producer to focus on drilling for lighter crude. Western Canadian Select’s discount to benchmark West Texas Intermediate Continue Reading
How Big a Deal Is Trump’s Fuel Economy Rollback? For the Climate, Maybe the Biggest Yet
President Trump’s proposal this week to weaken fuel-efficiency standards for cars and light trucks could be his most consequential climate-policy rollback yet, increasing greenhouse gas emissions in the United States Continue Reading
Rising oil prices threaten to erode mining sector’s profitability
Rising oil prices are the latest challenge to the mining sector’s profitability, threatening to eclipse hard-fought efficiency gains during the past two years and increasing metals demand. Miners use heavy Continue Reading
French nuclear power supply cuts extended as hot weather lingers
With France bracing for more hot to very hot weather in the coming week, nuclear power plant operator EDF said Friday it plans to halt production completely at two of Continue Reading
Scorching Summer in Europe Signals Long-Term Climate Changes
In Northern Europe, this summer feels like a modern-day version of the biblical plagues. Cows are dying of thirst in Switzerland, fires are gobbling up timber in Sweden, the majestic Continue Reading
Oil supported as new hedges placed, but rising global supplies weigh
Oil prices were steady on Friday, supported by traders placing new hedges in the futures market in anticipation of a decline in U.S. crude inventories, but held back from advancing Continue Reading
Oil rallies on expectation inventories will drop
Oil prices strengthened Thursday, with U.S. crude gaining nearly 2 percent after traders saw an industry report suggesting domestic crude stockpiles would soon decline again after a surprise rise in Continue Reading
Report highlights short-term strains on oil supplies
U.S. sanctions on Iran and other supply-side pressures could erase nearly 1 million barrels of production per day this year and next, a report published Thursday found. The Westwood Global Continue Reading
Iraqi oil exports stable near record high
The Iraqi Oil Ministry reported total crude oil exports for July at around 3.5 million barrels per day, relatively unchanged from June. The ministry reported total exports from July brought Continue Reading
Israel Threatens Military Response Against Houthi Forces
The past year has witnessed a more out in the open proxy war between the two grow in Syria, but the role of both in Yemen has been more obscured: Continue Reading
Trump vs Iran: A War Of Words
The war of words between the United States and Iran has been heating up as the return of U.S. sanctions threatens to take more than 1 million bpd of Iranian Continue Reading
Iran naval drills underway amid tensions with U.S.
The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S. officials told Continue Reading
India’s Oil Imports From Iran Jump To Record-High In July
Ahead of the return of the U.S. sanctions on Iran, India’s state refiners boosted their Iranian oil purchases, pushing up Indian oil imports from Iran by 30 percent from June, Continue Reading
Indian ONGC’s Apr-Jun crude output falls 3.5% on year to 6.2 mil mt
Indian state-owned upstream company Oil & Natural Gas Corp. said Thursday that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt Continue Reading
Is This The End Of Ultra Cheap Gasoline In Venezuela?
As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously subsidized by the socialist regime. Continue Reading
Lithium Plunging As Chinese EV Production Slows
Changes to Chinese subsidies for hybrid and battery-powered vehicles – or new energy vehicles in local parlance – that came into effect mid-June are already having a dramatic impact. According Continue Reading
South Korea To Import Record U.S. Oil Volumes In September, October
South Korea’s imports of U.S. crude oil are expected to hit all-time highs in September and October, as the world’s fifth-largest oil importer cuts off Iranian oil imports and looks Continue Reading
China’s Unipec suspends U.S. oil imports amid growing trade row: sources
China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three Continue Reading
EPA unveils plan to lower Obama-era federal fuel standards
The Trump administration unveiled a plan Thursday to roll back aggressive government targets that mandate better fuel economy and lower greenhouse gas emissions. Under the Environmental Protection Agency proposal, the Continue Reading
AAA: Consumer demand could drive gas prices higher
Motor club AAA warned that consumer gasoline prices in the United States could be on the rise given signs in government data of robust demand. The U.S. Energy Information Administration Continue Reading
Trump Administration Unveils Its Plan to Relax Car Pollution Rules
The Trump administration on Thursday put forth its long-awaited proposal to freeze antipollution and fuel-efficiency standards for cars, significantly weakening one of President Barack Obama’s signature policies to combat global Continue Reading
Canada’s Economic Recovery Is Being Driven By Oil
Canada’s gross domestic product grew at a faster pace than forecast in May, led by the oil and gas industry and more specifically, oil sands. Statistics Canada reported that the Continue Reading
US senators propose sanctions on Russian oil production investments
Six US senators Thursday unveiled a new bill that would prohibit support of Russian crude oil production and transactions in new energy projects supported by the Russian government, placing new Continue Reading
NYMEX Sep gas settles 5.8 cents higher at $2.816/MMBtu on lower-than-expected storage build
The NYMEX September natural gas futures settled 5.8 cents higher Thursday at $2.816/MMBtu after the US Energy Information Administration announced a lower-than-expected storage build for the week that ended July Continue Reading
US EPA and DOT propose freezing light-duty fuel economy, GHG standards at 2020 level for MY 2021-2026 vehicles; 43.7 mpg for cars; 50-state solution
The US Environmental Protection Agency (EPA) and US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) released their long-expected notice of proposed rulemaking (NPRM) to adjust the Congressionally-mandated Corporate Continue Reading
The U.S. Oil Production “Mirage”
On July 31, the EIA released monthly data on U.S. oil production, which revealed a decline in U.S. output of 30,000 bpd in May, compared to a month earlier. The Continue Reading
A Price Spike Looms For Natural Gas
The U.S. natural gas market is cyclical. Demand spikes in the winter as people and businesses turn up the heat, but consumption dips in spring and fall because of mild Continue Reading
Russia Rolls Back Most of Oil Cuts as Supply Risks Worsen
Oil Slides on Surprise Increase in U.S. Inventories Russia boosted oil production to levels not seen since it joined OPEC in a coordinated output cut, helping the group offset supply Continue Reading
Oil steadies to trade higher after losses
Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in U.S. crude inventories and renewed concerns over trade friction between the U.S. Continue Reading
Oil Prices Fall After EIA Confirms Crude Inventory Build
After yet another surprise report —this time of an inventory build—from the American Petroleum Institute weighed on prices yesterday, the Energy Information Administration confirmed a build, reporting U.S. crude oil Continue Reading
Oil just had its worst month in 2 years as Trump pressures Saudi Arabia to pump more
A handful of big one-day losses during July pushed the oil market to its biggest monthly decline in two years — and the source of those big swings can often Continue Reading
Big Oil switches focus from profits to production
A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter but ultimately it was how much oil and gas they produced that differentiated Continue Reading
Adding Up the Cost of Climate Change in Lost Lives
Scorching heat waves have gripped the world in recent weeks from the Pacific Northwest to Northern Europe and, most tragically, Japan, where more than 100 mostly elderly people have died. Continue Reading
Israel warns Iran of military response if it closed key Red Sea strait
Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu Continue Reading
Though oil is on the line, Iran not buying U.S. ‘PR stunts’
Iranian Foreign Minister Mohammad Javad Zarif said Tehran won’t respond to threats, sanctions pressure or public relations stunts from the United States. File Photo by Ali Mohammadi/UPI | Aug. 1 Continue Reading
Was The Aramco IPO Destined To Fail?
Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest Continue Reading
Brig. Gen. Ali Hussein Hilal al-Mayahi, director of South Oil Police
Iraq’s oil sector is on edge as protesters continue to threaten to disrupt operations at major fields in Basra. Demonstrations have re-gained momentum this week, especially at the West Qurna Continue Reading
Nigeria: Shell to Conclude Plans On Bonga Oilfield Next Year
The decision to go ahead or withhold action the development of Nigeria’s Bonga Southwest offshore oilfield by Royal Dutch Shell and its partners has been put off till 2019, a Continue Reading
Nigeria: Crude Oil Production May Rise By 180,000bpd Next Year
Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Continue Reading
July oil exports and revenues rise
Iraq’s oil exports hit an annual high in July as the country sold 3.87 million barrels per day (bpd) – an increase of more than 70,000 bpd compared to June. Continue Reading
Eni gets nod for major oil development offshore Mexico
The outcome from a potential $1.9 billion commitment to offshore Mexico could realize 90,000 barrels of oil per day from 2021, Italian energy company Eni said. Eni CEO Claudio Descalzi Continue Reading
Mexico’s Next President Will Pour Billions Into Oil
Incoming President-elect Andres Manuel Lopez Obrador, or AMLO, has promised to invest around 175 billion pesos ($9.4 billion) into the state-owned energy companies. One of the goals is to reverse Continue Reading
India Allows Firms To Drill For Shale Oil, Gas Under Existing Contracts
India’s cabinet approved on Wednesday a policy to allow companies to explore and exploit unconventional oil and gas resources such as shale oil and gas and coalbed methane under the Continue Reading
Indian CIL’s coal production in Jul rises 11% on year
Highlights CIL’s July output rises to 40.56 million mt Subsidiaries SECL, MCL major contiributors Monthly offtake rises 9% on year New Delhi — State-owned Coal India Limited increased its production Continue Reading
Trump administration adds to China trade pressure with higher tariff plan
U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration Continue Reading