The Permian Could Soon Have Too Much Pipeline Capacity
You could be forgiven for doing a double take on that sentence. There has been a lot of attention paid to the pipeline woes in West Texas, but because of Continue Reading
Equinor Raises Resource Estimate At Giant North Sea Oil Field
Equinor has raised the resource estimate for its giant oil field Johan Sverdrup in the North Sea and said it was able to drive development costs for the project further Continue Reading
Global Car Sales Hit Speed Bump as Demand Slows and Trade Tensions Loom
In Europe, where new-vehicle sales have benefited from the continent’s recovery, the car market is also softening as demand returns to prerecession levels. That is making profits harder to come Continue Reading
Crude oil futures slip amid mild profit-taking; market awaits fresh cues
Crude oil futures were marginally lower during mid-morning trade in Asia Monday amid some mild profit-taking following the surge during Friday’s trading session on the back of the fall in Continue Reading
Oil falls ahead of OPEC+ monitoring committee call
Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, and ahead of a conference call between members of a committee monitoring an OPEC Continue Reading
Saudi Aramco loses its ‘in perpetuity’ oil and gas rights
Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising questions about Saudi Aramco’s long-term production Continue Reading
Syria’s Second-Biggest Oil Field Is Operational Again
The second-largest oil field in Syria, the Tanak field in the oil-rich Deir Ezzor region, is operational again, nearly a year after U.S.-backed predominantly Kurdish forces recaptured the field from Continue Reading
India’s Coal Reliance Deepens
Despite high prices in international markets, imports continue to rise — and there’s no letting up on that front. After a dip in FY 2017, overall coal imports increased 10 Continue Reading
Venezuela’s PDVSA files appeal against Crystallex court ruling
Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) PDVSA.UL said on Saturday it filed an appeal requesting that a Delaware court vacate a decision on Aug. 23 granting Canadian Continue Reading
Mexico’s New President To Deal Blow To Oil Industry
Mexico’s president-elect Andres Manuel Lopez Obrador (AMLO) will reportedly suspend oil auctions for at least two years, according to the Wall Street Journal , with some experts believing that his Continue Reading
The Consequences Of Surging U.S. Natural Gas Exports To Mexico
New pipeline capacity additions on both sides of the border have helped U.S. natural gas pipeline exports to Mexico to jump to their highest level on record in July. American Continue Reading
Gulf Coast Oil Product Cargoes Diverted To Brazil After Petrobras Refinery Fire
At least four tankers loaded with ultra-low-sulfur diesel (ULSD) en route from the U.S Gulf Coast to Europe abruptly changed course this week to Brazil, following a fire at a Continue Reading
China’s falling U.S. crude imports may have more to with money than politics: Russell
One of the side effects of President Donald Trump’s escalating trade dispute with China is that U.S. exports of crude oil to the world’s biggest importer are now viewed through Continue Reading
Exxon starts deepwater drilling off southeastern Australian coast
ExxonMobil said on Monday it has commenced a A$120 million ($88 million) offshore exploration drilling off Australia’s southeast coast to search for new sources of natural gas. ExxonMobil Australia is Continue Reading
Top U.S. Shale Producers Soaring Debt Service Guts Profits
The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Continue Reading
From AK To EV: The World’s Weirdest Electric Car
Kalashnikov is synonymous with machine gun, but the Russian arms and military equipment giant has recently revealed that it has ambitions in other industries as well. This week, Kalashnikov took Continue Reading
Europe’s Natural Gas Prices Surge To Record For Summer Season
Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected summer demand and a tighter market drive natural gas price futures to levels last seen Continue Reading
Oil rises as China demand resumes, signs that Iran supply curbed
Oil prices rose on Friday, but pared gains ahead of the close, as the market remained on edge about potential oversupply despite signs that Iran sanctions could curb output and Continue Reading
Oil Climbs to Cap Off Strong Week
President Trump in May pulled the U.S. out of a 2015 international agreement to curb Iran’s nuclear efforts, triggering the reimposition of economic sanctions and raising the prospect of a Continue Reading
Oil Prices Rise As Rig Count Slips
Baker Hughes reported a 13-rig decrease to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs fell to 1,044, according to Continue Reading
Poll: Oil To Remain At Current Prices In 2018
Oil prices will rise on supply disruptions from Iran, but trade war concerns, slowing global oil demand growth, and a stronger U.S. dollar will keep a lid on prices so Continue Reading
Study: PM2.5 pollution reduces global life expectancy by more than one year
PM 2.5 pollution shortens human lives by more than a year, according to a new open-access study from a team of environmental engineers and public health researchers published in the Continue Reading
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are Continue Reading
Iran says some OPEC members act in accordance with U.S. policy
Iranian Oil Minister Bijan Zanganeh said some members of oil producer group OPEC were acting in accordance with U.S. policies, Iran’s Khaneye Mellat news agency reported on Friday. “Some members Continue Reading
Analysis: Asia’s growing appetite for Libya’s sweet crude
Highlights US-China trade dispute pulling more Libyan crude east Almost 200,000 b/d has flowed to Asia in 2018 More than 20% of exports poised to go east Key buyers include Continue Reading
Sudan To Sign Oil Deals With Chinese Companies
Sudan and China are close to signing new deals on oil and gas exploration that Chinese companies would carry out in the African country, Sudan’s ambassador to China Ahmed Shawir Continue Reading
Venezuelan exodus approaching crisis moment: U.N. agency
The exodus of migrants from Venezuela is building toward a “crisis moment” comparable to events involving refugees in the Mediterranean, the United Nations migration agency said on Friday. Growing numbers Continue Reading
Backlash Against Venezuelan Refugees Grows Across South America
News of the assault prompted Pacaraima locals, who already had been planning a protest the next day, to set fire to a refugee camp and chase away Venezuelans with rocks. Continue Reading
Panama Vies To Become Oil Producing Country
Panama is carrying out studies for potential oil exploration, hoping that recently discovered oil fields in neighboring Colombia close to Panama’s border could extend into Panama. Panama is 100-percent dependent Continue Reading
Venezuelans left reeling by dollar shortages and hyper-inflation
For 40 years, Víctor Urbina has sold sweets from a stand outside a shopping centre in Caracas. Now 80, his hair white, he lived through the city’s infamous “Caracazo” of 1989 Continue Reading
U.S. drillers cut most oil rigs in over two years: Baker Hughes
U.S. energy companies cut nine oil drilling rigs this week, the biggest reduction since May 2016, following a recent decline in crude prices. The oil rig count fell to 860 Continue Reading
E.P.A. Rule Change Could Let Dirtiest Coal Plants Keep Running (and Stay Dirty)
The Brandon Shores power plant in Maryland spent hundreds of millions to install pollution-control systems. A new Trump administration proposal would let some older coal plants skip such upgrades. Want Continue Reading
The Next Big Bet in Fracking: Water
When producers blast a mix of water, sand and chemicals to release oil and gas from rock formations miles underground, they not only unlock oil and gas, but also massive Continue Reading
Analysis: Gas-fired generation remains on track to capture increasingly larger share of MISO market
After several years of increased coal-to-gas switching across the Midcontinent Independent System Operator service area, the region is expected to become even more bullish for gas as additional coal retirements Continue Reading
Analysis: Bakken drilling approaches 19-month high as oil prices, IRRs rise
Highlights Rig count at 56, just shy of 19-month high IRRs at 49%, now highest in North America Denver — Drilling activity in the Bakken Shale has witnessed a steady Continue Reading
US Army bases install more solar panels, despite Trump scepticism
The US Army has increased its investments in solar power and is eyeing further opportunities to work with the private sector to develop projects, despite the Trump administration’s skepticism about Continue Reading
Colorado’s Oil and Gas Industry Goes after Reporters and Signature Gatherers in New fracking Fight
As Colorado gears up for another fight over oil and gas drilling near homes and schools, this time the fossil fuel industry is reportedly doing whatever it takes to win. Continue Reading
Michael Lynch: North To Alaska! The Next Oil Boom
The media was all atwitter about the announcement that Alaska might be the next oil boom province, based on a new report from IHSMarkit which estimated that 28 billion barrels Continue Reading
The Race to Build a Wind Behemoth
“There’s a kind of arms race under way,” says Aaron Barr, a principal consultant with research firm Wood Mackenzie Power & Renewables. Bigger and Bigger Offshore wind turbines have been Continue Reading
Experts: Norway Should Stick With Oil
An expert commission tasked by Norway’s government with evaluating a suggestion that the country’s US$1-trillion sovereign wealth fund divests from all its oil and gas investments has advised against such Continue Reading
Crude oil futures resume upwards path on market tightening expectations; ICE Brent up at $75.26/b, NYMEX WTI $68.40/b
Crude oil futures resumed their climb in the European morning session Friday, supported by expectations of the market tightening towards the end of the year, with the market also focusing Continue Reading
Oil up as U.S. sanctions on Iran cloud supply outlook
Oil prices rose on Friday, supported by signs that U.S. sanctions on Iran are already reducing global crude supply. Benchmark Brent crude oil LCOc1 was up 60 cents a barrel Continue Reading
Oil stabilizes, weighed down by trade war
Oil prices steadied on Thursday as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in Continue Reading
U.S. Oil Data Has Markets Confused
The oil market continues to stagger forward without direction, and the EIA data is offering little clarity. Just last week, the EIA reported a sharp build up in crude oil Continue Reading
Explainer: In the race to bag Iran’s European oil market share, quality is king
Two of Iran’s biggest OPEC rivals, Saudi Arabia and Iraq, are bagging its European oil market share by cranking up production of their lookalike crude grades before the restart of Continue Reading
Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, filling the hole left by the delayed listing of state energy group Saudi Aramco and Continue Reading
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are Continue Reading
Venezuela’s neighbours urged to keep borders open
The UN urged Venezuela’s neighbors on Thursday to keep their borders open as thousands of migrants continue to pour out of the country to escape hyperinflation and economic collapse. Speaking Continue Reading
Mexico gasoline, diesel imports set new records for July: SENER data
Mexico’s gasoline imports reached 653,000 b/d, a new record for July, Energy Secretariat data showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now July imports were Continue Reading
U.S. judge lets Canadian company pursue assets from Venezuela’s Citgo
A U.S. judge has granted a Canadian company the right to go after prized U.S. assets belonging to Venezuela, in a bid to get paid on an $1.4 billion award Continue Reading