Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash “worse than the Great Depression,” according to a report in Continue Reading
W&T Offshore shares an update on its JV drilling program and plans to sell Permian interests for $56.8 million. W&T Offshore Inc. plans to sell overriding royalty interests in the Continue Reading
The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand A key ingredient for drilling and completion operations in shale formations, proppant – often frac Continue Reading
The Trump administration this March will again offer 78 million acres in the Gulf of Mexico for oil and gas leasing, the Interior Department announced Tuesday. Receive daily email alerts, Continue Reading
If the partners fail to reach a deal to save the Vogtle expansion, there will be no new nuclear plants under construction in the U.S., a situation that worries some Continue Reading
So far, rising international crude oil prices haven’t trickled down to U.S. gas pumps. AAA reported cheaper or stable gas prices have been reported in 32 states on Monday. The Continue Reading
The volume of traffic on U.S. highways has stopped growing, and with it gasoline consumption, as rising prices curb driving behavior. Traffic volumes in July were 0.3 percent lower than Continue Reading
Dominion Energy Inc said on Tuesday it does not expect a court decision to stay a federal permit for part of its Atlantic Coast natural gas pipeline to delay construction Continue Reading
Pipelines, for a long time, were the most important method of transportation for natural gas. This fixed form of infrastructure has the advantage of lower transportation costs in the long-term. Continue Reading
The past four years have been a 21st century low point for Western foreign investment in Russia, with sanctions, unlawful trade practices and ceaseless wars in the Greater Middle East Continue Reading
Highlights 3 million boe/d output expected by 2020 Fabrication yards still massively underutilized Plans North Sea sales to ‘high grade’ portfolio London — Total expects its deepwater oil and gas Continue Reading
Groupe Renault is launching its “Advanced Battery Storage” program, which aims to build the biggest energy stationary storage system using EV batteries yet designed in Europe by 2020 (power: 70 Continue Reading
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new Continue Reading
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Continue Reading
The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new Continue Reading
Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. F Three days later, Continue Reading
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Continue Reading
The shipping industry is preparing for a major disruption of the types of fuels it will be using as early as the beginning of 2020, when stricter regulations for the Continue Reading
The entry into effect of tighter emission rules for bunkering fuel will cause a temporary spike in crude oil demand as refineries increase their daily runs by around 400,000 bpd, Continue Reading
In the period to 2040, the required global oil sector investment is estimated at $11 trillion. That’s according to the latest OPEC World Oil Outlook report, which was launched on Continue Reading
Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise Continue Reading
Iranian President Hassan Rouhani on Monday warned the United States against pursuing hostile policies toward Tehran, saying preventing Iran from exporting oil would be “very dangerous”, though he did not Continue Reading
But Western officials say that the impact of any European measures is likely to be modest and that Tehran’s decision to stay in the pact after U.S. sanctions fully kick Continue Reading
The push aims to enlist support for 33-year-old Crown Prince Mohammed bin Salman and his vision, which includes a break with the religious zeal of the past. An image of Continue Reading
Saudi Arabia will boost its crude oil production in the coming months as it expects stronger demand, Oil Minister Khalid al-Falih said this weekend, as quoted by S&P Global Platts, Continue Reading
Libya’s oil production has hit its highest level since 2013, the chairman of the National Oil Corporation (NOC), Mustafa Sanalla, told Bloomberg in response to questions on Sunday. If the Continue Reading
India’s crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increases in oil prices might act as a dampener for the rate Continue Reading
The United States is considering putting more pressure on Nicolas Maduro’s regime in Venezuela, U.S. Secretary of State Mike Pompeo recently said, and some analysts speculate that the increased pressure Continue Reading
Sao Paulo — Venezuela’s sole iron ore producer Ferrominera Orinoco put mine operations on hold at the end of last week as a result of a workers strike, market sources Continue Reading
China’s gasoline and gasoil exports rebounded in August after declining for two consecutive months since June, despite limited export quota availability, S&P Global Platts’ calculations based on latest General Administration Continue Reading
Oldest known agricultural village, Jianping China It’s no secret that The Paris Agreement, humanity’s best attempt to date to thwart our own extinction, is inadequate to the task, although it Continue Reading
Mr. van Beurden said Tuesday that a consortium led by the Anglo-Dutch energy giant will decide before year-end whether to move forward with a $30 billion, liquefied-natural-gas export terminal in Continue Reading
The NYMEX October gas futures contract jumped 6.1 cents and settled at $3.038/MMBtu Monday on expectation of a demand spike in early October. Receive daily email alerts, subscriber notes & Continue Reading
Norbert Gresing shook his head as two teenage boys, deep in conversation and wearing earplugs, stepped out in front of his tram. “This is the type of situation I face Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Monday as the US signaled preparedness to ramp up pressure on the Maduro regime in Venezuela. Receive daily email alerts, Continue Reading
Crude oil futures were higher by more than $1/b during mid-afternoon trade in Asia Monday, with ICE Brent crude crossing the $80/b mark on intensifying geopolitical tensions between the US Continue Reading
Oil prices rose to fresh four-year highs near $81 a barrel after global producers decided against further output increases despite demands from US President Donald Trump for renewed action to Continue Reading
Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite calls by U.S. President Donald Trump Continue Reading
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s Continue Reading
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes, OPEC Continue Reading
The lack of a consensus highlights inequities between oil-producing countries that can boost output beyond current levels and those that can’t. The former group would like to see a rise Continue Reading
The lack of a consensus highlights inequities between oil-producing countries that can boost output beyond current levels and those that can’t. The former group would like to see a rise Continue Reading
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil Continue Reading
When the New York Times earlier this month reported that President Trump had met with Venezuelan military officers unhappy with the country’s government to discuss a coup against Nicolas Maduro, Continue Reading
Venezuelan President cum dictator Nicolas Maduro has announced that his nation is set to increase its oil exports to China to a staggering one million barrels per day (bpd) over Continue Reading
Washington — The US is preparing actions to pressure the Maduro regime in Venezuela, which analysts said Sunday could include some oil sector sanctions. Receive daily email alerts, subscriber notes Continue Reading
OPEC+ may offer big projects to oil companies from member states, Russian Energy Minister Alexander Novak said at a meeting with his Saudi counterpart Khalid Al-Falih, the Russian Energy Minister Continue Reading
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s Continue Reading
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite Continue Reading
The deputy head of Iran’s Revolutionary Guards warned U.S. and Israeli leaders on Monday to expect a “devastating” response from Tehran, accusing them of involvement in an attack on a Continue Reading
