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