The Pacific Northwest, sandwiched between Canada’s smoldering British Columbia to the north and six fire-wracked Western U.S. states , is feeling the side effects of one of the worst fire Continue Reading
California legislators scored a win against the Trump administration by passing one of the nation’s most ambitious clean energy bills, an advocacy group said. “The legislature finds and declares that Continue Reading
U.S. crude stocks fell more than forecast last week, while gasoline and distillate inventories dropped unexpectedly, the Energy Information Administration said on Wednesday. FILE PHOTO: Crude oil storage tanks are Continue Reading
After years of restraint since crude prices slumped in 2014, oil services companies are now at loggerheads with producers as they battle for what they see as a fair share Continue Reading
A Colorado ballot initiative that would sharply increase the required distance between new oil wells and populated areas will go before voters in November, Colorado officials said on Wednesday. The Continue Reading
German carmakers are increasingly going EV. Volkswagen alone has plans for as many as 80 EV models across its brands by 2025. Also by that year, annual production of EVs Continue Reading
Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a U.S.-Mexico trade agreement eased worries about tensions between Continue Reading
The American Petroleum Institute (API) reported a surprise oil inventory build of 38,000 barrels of United States crude oil inventories for the week ending August 25, compared to analyst expectations Continue Reading
Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. 4 start Continue Reading
Many experts had expected oil shipments to decline by about 1 million barrels by year’s end. Now some of them say that fall may have already happened. Iran hasn’t yet Continue Reading
Iranian lawmakers on Tuesday were not convinced by most of the answers given by President Hassan Rouhani to their questions about his administration’s performance over current hardship in the country’s Continue Reading
Chins is getting desperate about its demographic slide. One week after we reported that China floated a proposal to tax all working adults aged under 40 with the money going Continue Reading
Industry groups representing the energy sector were upbeat about improved U.S. trade relations with Mexico, but expressed concern about the lack of detail. Calling it the “United States-Mexico Trade Agreement,” Continue Reading
Investing $8 billion in Brazil’s waning offshore Campos Basin could boost its oil production by 230,000 barrels of oil equivalent per day (boepd) by 2025, consultancy Wood Mackenzie said in Continue Reading
Mexico’s incoming government is considering indefinitely suspending auctions for oil and gas projects, and giving state-owned Pemex authority to pick its own joint-venture partners rather than holding competitive tenders, according Continue Reading
The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration. But the department rejected a similar Continue Reading
Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Continue Reading
A bill that requires a regular review of California’s electric vehicle infrastructure is a step toward a clean-energy economy, a trade group said. By a unanimous vote, California lawmakers approved Continue Reading
The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of Continue Reading
The fracking revolution in the U.S. has considerably changed the global oil market and the strategic calculations of market participants. The initial entry of shale oil producers caused a crash Continue Reading
This summer, United States refineries operated just shy of record highs, running close to 100 percent utilization rates. Refineries reached a new record-high gross input value of 18.243 million bpd Continue Reading
A new quarterly forecast by Westwood finds that pipeline takeaway capacity constraints in the US’ hottest shale play will see hundreds of deferred completions through 2019. Pipeline issues in the Continue Reading
Companies invested in the oil and gas sector offshore Norway said Tuesday that the time to invest is now as the region faces a period of field maturation. “The Norwegian Continue Reading
Sales of battery electric vehicles and plug-in hybrids in Europe jumped by 42 percent annually in the first half of 2018, hitting the 1-million milestone, with the plug-in share of Continue Reading
The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refining demand. Brent crude oil Continue Reading
Oil futures settled higher Monday, boosted by strength in equities. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE October Brent settled 39 cents higher at Continue Reading
Oil prices edged up on Monday, supported by a strengthening equities market and news that the United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA). Continue Reading
OPEC and its Russia-led non-OPEC partners in the production cut deal reduced their total oil production in July by 9 percent more than what they had agreed upon, Reuters reported Continue Reading
The monitoring committee set up by OPEC and non-OPEC producers is already set to meet in Algiers on September 23, but they have now scheduled yet another meeting on September Continue Reading
Russian Deputy Foreign Minister Mikhail Bogdanov said on Friday that Vladimir Putin is preparing to visit Saudi Arabia. The statement comes after the Russian president received an invitation from Saudi Continue Reading
Less than a year after Saudi Arabia’s unprecedented monetary shakedown of wealthy princes and other Saudi oligarchs in November 2017, which among others ensnared Prince Alwaleed bin Talal who was Continue Reading
The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national Continue Reading
One of the largest producers in OPEC, Iran is now operating one of its largest wind farms in the mountainous northwest, the government said. Representatives from the Iranian Energy Ministry Continue Reading
As a result, Royal Dutch Shell PLC, BP PLC and Eni SpA have invested billions of dollars in Egypt in recent years, including the Mediterranean Sea’s biggest natural-gas field off Continue Reading
Iran’s Foreign Minister has reminded the European Union that Iran is still waiting to receive guarantees that the EU will continue to buy Iranian oil even after U.S. sanctions kick Continue Reading
Iran’s parliament voted on Tuesday to reject President Hassan Rouhani’s explanations for economic hardship after a dramatic grilling on live TV, a sign his pragmatic faction is losing sway to Continue Reading
Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. 4 start Continue Reading
The U.S. wants Iran’s oil exports to drop to zero , according to a recent statement by National Security Advisor John Bolton. The question is: can the U.S. pull it Continue Reading
Iran has full control of the Gulf and the U.S. Navy does not belong there, the head of the navy of Iran’s Revolutionary Guards, General Alireza Tangsiri, was quoted by Continue Reading
A disagreement in the areas impacted by an oil leak on the Trans Ramos Pipeline within Shell’s oilfield at Aghoro communities in Bayelsa has stalled a joint investigation of the Continue Reading
India passes China by the middle of the next decade as the country with the biggest appetite for oil and its refineries can’t keep up, Wood Mackenzie found. Economists at Continue Reading
“It’s not a big deal,” Tellurian founder Charif Souki recently told CNBC’s Jim Cramer when asked about the danger of China slapping 25-percent tariffs on U.S. LNG. “If they impose Continue Reading
China’s independent refiners have ramped up their foreign oil buying after returning from prolonged summer maintenance to gear up for rising winter fuel demand, a sign that the financial pain Continue Reading
China’s refiners increased their output in July to close to 12 million barrels per day (bpd), but at the same time exports of refined fuels fell to the lowest in Continue Reading
China is a developing country with severe air pollution in its cities Chronic exposure to air pollution could be linked to cognitive performance, a new study in China suggests. Researchers Continue Reading
A second Iranian VLCC discharged its cargo at the Myanmar oil terminal in August, indicating that state-run PetroChina is increasingly using the pipeline through the Southeast Asian country for importing Continue Reading
Researchers from China and the US have found that long-term exposure to air pollution impedes cognitive performance in verbal and math tests. In a study published in Proceedings of the Continue Reading
The U.S.-China trade tensions—which continue to escalate despite last week’s talks—risk backfiring on the American oil and gas sector, slowing down investments in long-term projects, a Texas energy group says Continue Reading
Total is not looking at investing in the US shale oil industry. STAVANGER, Norway, Aug 27 (Reuters) – French energy group Total is not looking at investing in the U.S. Continue Reading
Crude oil output at Alaska’s North Slope could increase by as much as 40% in the next eight years. Fewer bureaucratic barriers and recent technology advancement continue to make North Continue Reading
