Oil prices fell drastically Tuesday morning despite Iran sanctions still looming over markets. The rupture of Enbridge’s (NYSE: ENB) natural gas pipeline in British Columbia on October 9 disrupted the Continue Reading
Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could Continue Reading
The world only has 12 years to figure out how to keep temperatures from rising less than 1.5°C. What happens if we creep toward 2°C? Tens of millions more people Continue Reading
By 2035 the global energy transition will reach a point of no return, according to a recent report from Wood Mackenzie. By that year, says WoodMac, renewables will likely meet Continue Reading
The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington Continue Reading
India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Tuesday, but warned that the trade wars and tariffs Continue Reading
Qatar, the world’s largest LNG producer, is on track to expand its LNG production capacity by around 43% to 110 million mt/year, Mohammad Bin Saleh Al-Sada, Minister of Energy and Continue Reading
With population of fewer than 750,000 people, Guyana —a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly 60 percent of this Continue Reading
Pemex’s buying of four US Bakken crude cargoes should help it maximize the efficiency of its 330,000 b/d Salina Cruz refinery, although future imports are no sure thing as they Continue Reading
Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the country’s failed economic Continue Reading
The project and others around the globe may help feed surging Asian demand for LNG at a time when China has curbed its purchases from the U.S. as part of Continue Reading
In a former mining district in eastern China, authorities have shut dozens of pits and invested billions of yuan to resculpt the broken landscape, creating gardens, forest walks and wetland Continue Reading
The United States is still the world’s largest natural gas producer, despite a marginal 2017 output increase. The United States is still the world’s largest natural gas producer, despite a Continue Reading
Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. Canadian oil producers exposed to the low prices are now fetching around $40 to Continue Reading
Endeavor Energy Resources LP [EERL.UL] is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said Continue Reading
Fisker Inc., an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies, announced a strategic investment from Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Continue Reading
The Prime Minister of Alberta, Rachel Notley, has called on the federal government in Ottawa to supply more rail cars to transport the province’s rising crude oil production to refineries Continue Reading
A natural gas pipeline explosion that occurred earlier this month near the city of Prince George will reduce supply to British Columbia by between 20 and 50 percent this winter, Continue Reading
President Donald Trump’s election shook the foundations of America’s alliance with two of its most important allies and trading partners: Canada and Mexico. His campaign promise to build a wall Continue Reading
Over the past decade, “biofuel” has been a major buzz word in the world of clean energy and environmental science. As the topic of advanced biofuels continued to trend over Continue Reading
Fuel prices at service stations across the United States as of Monday were about four cents cheaper than the previous week, coming in with a national average of about $2.85 Continue Reading
A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada’s efforts to become a significant Continue Reading
Republican Senator Chuck Grassley said on Tuesday that the U.S. Environmental Protection Agency must act quickly to allow year-round sales of higher ethanol gasoline blends if President Donald Trump aims Continue Reading
Although Russia hit a post-Soviet record in its oil production last month, it doesn’t plan to raise output to 12 million bpd by the end of 2018, or in the Continue Reading
London — Amid very low water levels on the River Rhine, traders are finding alternative routes to supply gasoil to inland demand centers in Germany, Austria and Switzerland via railcar Continue Reading
Despite the almost unprecedented divisive nature of Donald J. Trump’s presidency, he is chalking up some impressive foreign policy victories, including finally bringing Beijing to task over its decades long Continue Reading
German chemical producer OXEA said mounting logistical difficulties along the Rhine might force it to trim production rates in order to manage stocks in the coming weeks. Receive daily email Continue Reading
Crude oil futures were marginally lower during mid-morning trade in Asia Tuesday ahead of the release of last week’s US inventory data, while expectations of a build among analysts kept Continue Reading
Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment remained nervous ahead of new U.S. sanctions on Iran’s crude Continue Reading
Hedge fund managers accelerated their profit-taking in crude oil and refined fuels last week, as confidence in the previous price rally faltered and the market fell. Hedge funds and other Continue Reading
The rise of major emerging liquified natural gas, or LNG, buyers led by China has created the need for infrastructure investment and new shipping capacity to avoid price volatility, a Continue Reading
Supermajors have had a great year so far, and their third-quarter results, to be released over the next couple of weeks, are likely to strengthen this impression. But this does Continue Reading
Iranian oil output cannot be replaced by other oil-producing countries if Tehran is hit by sanctions by the United States in November, Iranian Oil Minister Bijan Zanganeh told the Ministry’s Continue Reading
OPEC’s biggest producer and de facto leader Saudi Arabia hopes that the cartel and its Russia-led non-OPEC partners in the production cut deal will sign an ‘open-ended’ cooperation deal when Continue Reading
When Bahrain announced the discovery of an 80bn-barrel oilfield in the spring — its biggest find since the 1930s — it was greeted with only cautious optimism by industry analysts. Continue Reading
Libya’s oil production could rise by several hundred thousand barrels daily when BP and Eni resume production at a shared field, the head of the country’s state oil company told Continue Reading
U.S. Treasury Secretary Steven Mnuchin warned this weekend that countries importing Iranian crude that want to continue importing it will need to reduce their intake of Iranian crude by more Continue Reading
Iraq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Continue Reading
The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington Continue Reading
Saudi Arabia would likely carry out an initial public offering for Saudi Aramco in 2021 after it builds up some downstream assets including petrochemical production, Khalid Al-Falih, the country’s energy Continue Reading
Fatih Birol, the Executive Director of the International Energy Agency (IEA), is not worried about Saudi Arabia retaliating with reduced oil supply in response to potential sanctions after the killing Continue Reading
Saudi Arabia plans to sign deals worth more than $50 billion in the oil, gas, industries and infrastructure sectors at an investment conference in Riyadh on Tuesday, a source familiar Continue Reading
For decades, the U.S. was so reliant on foreign crude oil imports that it dictated much of the country’s foreign policy spanning numerous presidential administrations. As far back as the Continue Reading
Delta Air Lines Inc. finance chief Paul Jacobson said earlier this month that rising crude prices and the fuel switch for oceangoing vessels represented a “net ‘bad’ for the airlines,” Continue Reading
The rules, put into motion through the ocean transport-regulating arm of the United Nations, take effect Jan. 1, 2020, and are aimed at slashing the amount of sulfur in marine Continue Reading
A group of scientists from Duke University has developed a new method to 3D-print lithium-ion batteries in virtually any shape. In a paper published in ACS Applied Energy Materials , Continue Reading
U.S. Gulf Coast crude oil exports have been slowing in recent weeks, due to arbitrage constraints because of surging freight rates, S&P Global Platts reports , citing market participants’ expectations Continue Reading
Highlights Texas to get ‘big chunk’ of new US solar Used batteries to form ‘dirt cheap’ storage Austin, Texas — Solar energy — increasingly paired with battery storage — is Continue Reading
An early winter chill in the US Northeast will see temperatures in Boston and New York approach freezing by later this week, potentially lifting gas demand and prices to their Continue Reading
For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor. (Bloomberg) — Continue Reading
