Overpopulation reigns as one of the most eminent dangers facing mankind today; and conveniently remains tremendously overlooked. Most people can acknowledge the threats of global warming, the lack of food Continue Reading
Crude oil futures were stable to slightly lower during mid-morning trade in Asia Friday as market participants adopted a wait-and-watch approach ahead of OPEC’s meeting in Algiers over the weekend Continue Reading
For more than a week, Brent Crude prices have been flirting with the $80 threshold as market participants have focused on the shrinking oil supply from Iran and continuous drop Continue Reading
As Brent Crude prices have been slowly creeping up to the $80 mark for a week, U.S. President Donald Trump took to Twitter again to slam OPEC about pushing prices Continue Reading
West Texas Intermediate at Midland traded on Thursday at the biggest discount to U.S. crude in two weeks as traders squared their books ahead of the October contract close, traders Continue Reading
A flotilla of tabular icebergs adrift in the Southern Ocean, near the outlet of the Wilkes Subglacial Basin, East Antarctica. (Christina Riesselman) Temperatures not much warmer than the planet is Continue Reading
Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it Continue Reading
This is Part 4 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world coal production and consumption, evaluates the future Continue Reading
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. “We protect the countries of the Continue Reading
OPEC and its allies are unlikely to agree an official increase in crude output when they meet in Algeria this weekend, although pressure is mounting on top producers to prevent Continue Reading
The cartel has previously said it was responding to Mr. Trump and other world leaders, who in the spring had ratcheted up complaints about high prices. The group in June Continue Reading
Japanese refiners have stopped buying Iranian crude ahead of the November 4 deadline set by Washington to all countries doing business with Iran before economic sanctions return. Reuters quoted today Continue Reading
A new report on Iraq’s oil production capability says a series of problems, including export bottlenecks caused by a lack of infrastructure, will continue to limit the country’s oil output Continue Reading
We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! Continue Reading
With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran. Iraq Oil Minister Continue Reading
Iran hit back at a U.S. offer of negotiations on Thursday, saying Washington had violated the terms of the last big deal they agreed, the 2015 nuclear accord. U.S. President Continue Reading
Venezuela to significantly increase oil exports to China will increase its oil exports to China to one million barrels a day, President Nicolas Maduro has said, following a visit to Continue Reading
A Nigerian police investigation has retrieved hundreds of millions of dollars in stolen state oil funds. It came as an Italian court sentenced two men to four years in jail Continue Reading
Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company’s 441 megawatt power plant under construction in Colon, Panama, advisors on the Continue Reading
“Darwin said only the fittest survive, and that’s where we are in Venezuela,” said Jorge Useche, 43 years old, explaining why he’d taken a 10-hour bus ride to the border Continue Reading
Mexican President-elect Andres Lopez Obrador has said the country’s oil production will climb to 2.6 million b/d by the end of his six-year term from 1.8 million b/d today. To Continue Reading
The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s Continue Reading
A new report from the U.S. Energy Information Administration (EIA) indicates that the growing shortage of pipeline takeaway capacity in the Permian Basin of West Texas and Southeast New Mexico Continue Reading
China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according Continue Reading
The project is billions of dollars over budget and years behind schedule, and expected to cost upwards of $27 billion, more than double the original price tag estimated when work Continue Reading
ExxonMobil and Chevron, the two largest US energy groups, have joined the Oil and Gas Climate Initiative, a group of companies supporting curbs on greenhouse gas emissions. The move is Continue Reading
Oilfield service providers suffered the heaviest blows from the 2014 oil price meltdown—there is little question about that. And the situation was particularly grave in Canada, and continues to be Continue Reading
North Dakota output breaks records as operators drill best acreage Receive daily email alerts, subscriber notes & personalize your experience. Register Now Remaining wells made up largely of low producing Continue Reading
Electrocatalysis and photocatalysis (artificial photosynthesis) are among the most promising ways to achieve effective storage for renewable energy. CO 2 electroreduction has been capturing the imagination of researchers for more Continue Reading
Transport Canada, the government department responsible for developing regulations, policies and services of transportation in Canada, will now require all unjacketed CPC 1232 tank cars that carry crude oil to Continue Reading
Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Continue Reading
On Tuesday, 25 European nations backed a measure to increase hydrogen use to power factories, drive vehicles, and heat homes. A non-binding agreement was signed in Linz, Austria, that delved Continue Reading
So far, 2018 has been a good year for Gazprom. The Russian state-owned company is the biggest investor in oil and gas projects in the world with $160 billion worth Continue Reading
Oil prices steadied on Thursday but the market remained bullish after news of another fall in U.S. crude inventories and on signs that OPEC may not raise production enough to Continue Reading
U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns Continue Reading
Traders and investors have loaded up on bullish Brent oil bets this week, after signals that Saudi Arabia is in no rush to increase production, even with the price near Continue Reading
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources Continue Reading
Nuclear power could contribute to achieving the Paris Agreement targets on climate change, but it would need help of its own to do that, a new report from the International Continue Reading
The last time OPEC and its partners met, in Vienna in June, they were on the receiving end of a thunderous tweet from US President Donald Trump, warning from across Continue Reading
The United States is seeking to negotiate a treaty with Iran to include Tehran’s ballistic missile program and its regional behavior, the U.S. special envoy for Iran said on Wednesday Continue Reading
U.S. producers of ultra-light condensate have the opportunity to gain a market share in a tightening Asian condensate market, which is expected to further tighten with the return of the Continue Reading
Mexico’s elected government has stayed true to President-elect’s campaign promise to review all oil contracts sealed by the previous administration and has started the review process for a contract with Continue Reading
Iranian cybercrime group APT33 has stepped up its attacks on a variety of companies in the Persian Gulf, including energy firms, The National reports , citing research from security company Continue Reading
Japanese oil refiners have temporarily halted Iranian oil loadings ahead of U.S. sanctions and are buying alternatives as it remains unclear whether Japan will receive an exemption, the head of Continue Reading
The Trump administration is working to provide alternative sources of oil to American allies that will be affected because of US sanctions on Iran, according to a senior administration official. Continue Reading
Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports Continue Reading
Mexico could be at the precipice of a region-wide energy revolution, and natural gas is the key. The future of Mexico’s gas sector will be up for debate at the Continue Reading
Iran’s LPG shipments loaded, or due for lifting, in September dipped to 356,000 mt ahead of new US sanctions in November, after hitting 568,000 mt last month, the highest since Continue Reading
Japanese refiners have temporarily suspended Iranian oil loadings ahead of US sanctions, while they are also closely monitoring government talks with Washington on securing a waiver to continue their imports, Continue Reading
U.S. oil exports can continue to China tariff free, for now. The Chinese government announced $60 billion in retaliatory tariffs against the United States Tuesday. The U.S. crude benefits Chinese Continue Reading
