Water shortages at Lake Mead have drawn all the attention in recent years. Now water rationing has reached far into the Colorado River’s snowy headwaters, prompting concern about the long-term Continue Reading
Oil futures rebounded during mid-morning trade in Asia Friday as lingering supply constraints overshadowed a lower demand growth forecast by OPEC. Receive daily email alerts, subscriber notes & personalize your Continue Reading
At first glance, the headline figures don’t look so bad. Global supply surpassed 100 million barrels per day (mb/d) in August, a new record high. Production even rose from OPEC, Continue Reading
The world is consuming ever-growing amounts of energy, and consumption is set for a particularly intensive growth in electricity. Put simply, people are going to need more electricity in the Continue Reading
The US continues to press Iran’s oil customers, including China and India, to halt their crude and condensate imports before sanctions resume November 5, a top State Department official told Continue Reading
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the Continue Reading
Unlike the 2012-2015 Western sanctions on Iran, this time around only the United States is slapping sanctions on Iran’s economy and oil industry. But unlike in the previous round of Continue Reading
A Japanese buyer has loaded what appears to be the last Iranian oil cargoes for arrival in early October, ahead of US sanctions, as local importers step up procurements from Continue Reading
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday. Production at Continue Reading
The United States, yesterday, disclosed that Nigeria’s inability to eliminate subsidy on petroleum products and failure to hands off the fixing of electricity tariffs is hampering the provision of critical Continue Reading
After winning a landslide 53 percent of the vote on a platform focusing on major reform, incoming Mexican President Andres Manuel Lopez Obrador is already making headlines before he’s even Continue Reading
Venezuela resumed supplying a key domestic crude to political ally Cuba this summer as the South American country’s refining output fell further, according to internal documents from state-run oil firm Continue Reading
China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is Continue Reading
Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China’s Shandong province, aiming to join an investment boom in the world’s top chemicals market. China Continue Reading
Fixed-asset investment outside rural households rose 5.3% in the January-August period from a year earlier, the National Bureau of Statistics said Friday. The rate was the most sluggish since 1992, Continue Reading
As Hurricane Florence bears down on the U.S., here’s what you need to know about the dangerous East Coast storm. Photo: NASA/Associated Press The U.S. price for one grade of Continue Reading
The United States this year became the largest crude oil producer, surpassing Russia and Saudi Arabia, according to preliminary estimates from the Energy Information Administration. Although following the June 22 Continue Reading
The U.S. Energy Information Administration (EIA) said on Tuesday that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The Continue Reading
United Airlines has become the first US airline to publicly commit to reducing its own greenhouse gas emissions by 50% by 2050, relative to 2005. The pledge represents the equivalent Continue Reading
U.S. Energy Secretary Rick Perry told his Russian counterpart Alexander Novak in Moscow on Thursday that Washington and Moscow could work together as leading energy producers to ensure global market Continue Reading
The General Court of the European Union upheld sanctions imposed on several Russian oil companies and banks after the annexation of Crimea in 2014 and Russia’s involvement in the Ukraine Continue Reading
Russia’s central bank is set to make its most anticipated decision on the benchmark lending rate in years. After a week in which the rouble fell to a two-year low Continue Reading
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. Benchmark Brent crude oil Continue Reading
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information Administration Continue Reading
A variety of other factors also propelled prices higher, including concerns over Hurricane Florence and some storms moving toward the Gulf of Mexico, tightening global oil supplies due to U.S. Continue Reading
Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global Continue Reading
If Europe’s eight largest oil companies want to meet the climate and carbon-reducing goals they have set, their spending on new, low-carbon energies must double by 2020, and then double Continue Reading
The International Energy Agency warned Thursday the oil market is entering a “very crucial period” due to uncertainties over Libya and Venezuela and Iranian sanctions,and said demand in non-OECD countries Continue Reading
Global oil demand growth estimates for 2018 and 2019 are unchanged at 1.4 mb/d and 1.5 mb/d, respectively. The pace of growth slowed sharply in 2Q18, caused by weaker OECD Europe and Asia demand. US Continue Reading
That was the cartel’s biggest month-on-month increase in more than two years, bringing the supply from the group’s 15 producers to a nine-month high. The increase mainly came from higher Continue Reading
OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge Continue Reading
Amid fears of global oil supply disruption and production curbs, in its latest monthly report , OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming Continue Reading
Rockets have been fired at the only functioning airport in the Libyan capital of Tripoli, Reuters reports , citing information from local residents and a statement from the political faction Continue Reading
Highlights Fuel oil exports begin to slow down Loses East Africa as key LPG outlet Refined oil product imports could be affected London — Iran’s headache ahead of looming US Continue Reading
Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of Continue Reading
Iran has started to store oil in its own tankers off its coasts ahead of the U.S. sanctions on its oil exports that are expected to cut Tehran’s ability to Continue Reading
In what is largely seen as a win for the Libyan National Army’s (LNA) General Khalifa Haftar, the United States Treasury Department , in conjunction with the United Nations, slapped Continue Reading
TRIPOLI (Reuters) – Libya’s state oil firm NOC said on Wednesday that it continued to manage its operations normally throughout the country, without loss of production, after a shooting attack Continue Reading
Many environmentalists are staunchly against the idea that natural gas can act as a bridge fuel to a renewable future. Actor Mark Ruffalo echoed the sentiments of many environmentalists when Continue Reading
When Nikki Haley told the UN Security Council this week that “enough is enough” and “we need to do something”, she was not suggesting that Tomahawk missiles should soon rain Continue Reading
Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator Continue Reading
Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. “I am Continue Reading
U.S. crude oil inventories fell more than expected last week to below 400 million barrels, while gasoline and distillate inventories rose as refiners ramped up production, the Energy Information Administration Continue Reading
Gas prices on the U.S. East Coast are expected to surge this week ahead of and during Hurricane Florence’s landfall, as residents have started to evacuate from the Carolinas and Continue Reading
Highlights Expansion of condensate production beyond pilot not feasible Deadline stayed as long as LNG project progresses Anchorage, Alaska — Alaska has agreed to extend a key deadline in a Continue Reading
Still-strong US Gulf Coast refinery runs and a sharp rebound in crude exports helped account for a 5.3 million barrel-decline in US commercial crude stocks, US Energy Information Administration data Continue Reading
Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates. Oil producers Continue Reading
The bill that Governor Jerry Brown signed into law, SB 100, requires the state to reach 100 percent clean electricity in less than 30 years, with interim goals along the Continue Reading
Natural gas production at the Haynesville formation in northwest Louisiana and East Texas has been steadily rising this year to reach its highest level since September 2012. Recovering natural gas Continue Reading
Bombardier Transportation has introduced a new battery-operated train: the BOMBARDIER TALENT 3 train. The new battery-operated train is the first of its kind to enter passenger operation in Europe in Continue Reading
