Booming Texas port objects to Trafigura offshore site
A Texas port handling booming exports of US crude oil has invoked a 12-year-old criminal case against the commodities trading house Trafigura as it seeks to slow its efforts to Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $73 per barrel (b) in August, down almost $2 from July. EIA expects Brent spot prices will average $73/b Continue Reading
New Fuel Efficiency Rules Could Boost Oil Consumption
Last month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal Continue Reading
Bechtel to build 1,182-MW Ohio gas plant as fuel mix shifts away from coal
South Field Energy has selected engineering firm Bechtel to design and build its $1.3 billion, 1,182-MW South Field Energy combined-cycle natural gas plant located in the heart of Ohio’s shale Continue Reading
Nuclear plants in Carolinas brace for Hurricane Florence, may shut in advance
US nuclear plants in several Southeastern states are readying for Hurricane Florence and may have to shut ahead of the arrival of hurricane-force winds, utilities said Tuesday. Receive daily email Continue Reading
Airline fuel efficiency improves but lags industry goals: study
Airline fuel efficiency on transatlantic flights has improved by one percent a year since 2014 as carriers buy modern planes, but the industry still lags its own climate goals, a Continue Reading
Gas Could Overtake Oil As The Largest U.S. Energy Source This Year
Natural gas, helped by gains in energy efficiency, will dethrone oil as the biggest energy source that the United States uses by the end of this year. That’s according to Continue Reading
UK Oil Industry Is Slowly Losing Its Economic Significance
Despite reduced costs and efficiency improvements, the UK oil and gas industry could lose its significance as a key contributor to the UK economy and energy supply, due to record Continue Reading
Rosneft says allows China’s CNPC to buy Siberia project stakes
Russia’s top oil producer Rosneft said on Wednesday it has agreed with China’s CNPC that the latter can buy minority stakes in Rosneft oil and gas projects in Siberia. Rosneft Continue Reading
Russia warns of ‘fragile’ oil market due to geopolitics, but says it can raise output
Global oil markets remain “fragile” due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday but added his country could raise output if needed. The Continue Reading