Global warming is posing such wide-ranging risks to humanity, involving so many types of phenomena, that by the end of this century some parts of the world could face as Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Monday as investors digested the possibility of OPEC and its allies cutting oil production in December. At 10:00 am Singapore Continue Reading
Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward Continue Reading
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 Continue Reading
Last Friday, oil prices fell for the 10th consecutive day. According to CNBC , this marked the longest losing streak for crude oil in 34 years. I have covered the Continue Reading
In Tuesday’s technical update , I discussed the breakdown in the major markets both internationally as well as domestically. Of note, was the massive bear market in China which is Continue Reading
The International Energy Agency published its World Energy Outlook this week, its annual effort at revising assessments of future demand for and supply of fuels and electricity. 1 There’s a Continue Reading
(Reuters) – Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday. FILE PHOTO: Continue Reading
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability. The Continue Reading
A month after President Donald Trump announced that the United States was withdrawing from the Iran nuclear deal and re-imposing sanctions on Tehran’s oil, Iran’s archrival and OPEC’s de facto Continue Reading
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country’s oil sector if he becomes president next year, according to a draft copy of his manifesto. He Continue Reading
Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from U.S. sanctions on Tehran, sources familiar with the matter said. Steam Continue Reading
When China first announced its plans to slap EV production quotas on local carmakers back in 2017, the news got a lot of coverage. The media placed emphasis on the Continue Reading
There’s a reason that few people are thinking about world grain supplies. Last year saw record worldwide production of grains and record stocks of grains left over. But this year Continue Reading
More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in Continue Reading
The editorial board YESTERDAY Seventeen of California’s 20 worst recorded fires have struck since the start of this century — five of those in the past 18 months. The most Continue Reading
Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come Continue Reading
Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries (OPEC) and that it Continue Reading
The AP Moeller Maersk Group will focus on low sulfur marine fuels under the new regime from 2020, though it will also install scrubbers in some of its ships just Continue Reading
Oil prices rose on Friday morning as markets hope OPEC and partners will take action to reverse bearish sentiment. The most vital industry information will soon be right at your Continue Reading
Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell Continue Reading
The International Energy Agency published its World Energy Outlook this week, its annual effort at revising assessments of future demand for and supply of fuels and electricity. 1 There’s a Continue Reading
Global oil markets are increasingly over-supplied with light distillates, such as gasoline, while there are not enough middle distillates, such as diesel, which has opened a big price differential between Continue Reading
PEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Now comes the hard part: Continue Reading
The Trump administration had threatened a complete halt to Iranian oil exports, prompting other producers to boost output to compensate. Earlier this month, the U.S. made deals authorizing exemptions to Continue Reading
Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, after a new government in Baghdad Continue Reading
The Trump administration had threatened a complete halt to Iranian oil exports, prompting other producers to boost output to compensate. Earlier this month, the U.S. made deals authorizing exemptions to Continue Reading
Saudi Arabia has been slashing oil exports to the United States over the past two months, in what looks like a move to force a reduction in the world’s most Continue Reading
Iraq resumed on Friday oil exports from the Kirkuk province, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region, Continue Reading
Iraq’s federal government has begun exporting oil through the autonomous Kurdistan Regional Government’s (KRG) pipeline to Turkey, under a temporary political agreement that could eventually add over 200,000 barrels per Continue Reading
A presidential candidate from the People’s Democratic Party has said the Niger Delta communities could keep all of the revenues the oil-rich province produces. In an interview with the Africa Continue Reading
The Indian government is eyeing proceeds of more than US$2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Continue Reading
The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential Continue Reading
Even if some Japanese refiners resume Iranian oil purchases thanks to the U.S. waiver, refiners have just a small window to clear all related transactions, so they are likely to Continue Reading
France-based oil and gas major Total said Friday it has signed an accord with the government of Papua New Guinea to double LNG exports from that country. Photo by Fletcher6/Wikipedia Continue Reading
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading
A new study out of Minnesota found that 70 percent of the state’s electricity could come from wind and solar energy by 2050 — and it would cost about the Continue Reading
The carnage caused by the wildfires sweeping northern California continued to grow more than a week after the blaze ignited, as the number of people missing leaped to more than Continue Reading
The wildfires that have laid waste to vast parts of California are presenting residents with a new danger: air so thick with smoke it ranks among the dirtiest in the Continue Reading
Baker Hughes reported a 1-rig increase for oil and gas in the United States this week—a far more tempered figure after last week’s 14-rig increase. The total number of active Continue Reading
Crude oil producers in Alberta appear to be split on a proposed cut in production amid record-low prices, Canadian media report . One of the large Canadian oil producers, Cenovus Continue Reading
November power burn outpaces 2017 average by 1.6 Bcf/d 6,650 MW of coal-fired capacity retired since March Denver — Narrowing gas price elasticity in the US power sector could drive Continue Reading
North Dakota oil production averaged nearly 1.36 million b/d in September, up about 66,800 b/d from August and a new record for monthly output, state officials announced Friday. September marked Continue Reading
One project could provide 10 hours of energy storage at low cost Research could lead to larger, cheaper more efficient wind turbines New York — A US Department of Energy Continue Reading
The US Department of Energy announced $98 million in funding for 40 new projects as part of OPEN 2018, the Advanced Research Projects Agency-Energy’s (ARPA-E) latest open funding opportunity. OPEN Continue Reading
Heavy Western Canadian Select crude fell to a record low as several oil producers shut in production and some demand the Alberta government intervene to mandate across-the-board cuts. The oil-sands Continue Reading
Cheniere Energy has begun producing LNG from its Corpus Christi Liquefaction project in Texas’ Coastal Bend region. Cheniere Energy has begun producing liquefied natural gas (LNG) from its Corpus Christi Continue Reading
There is an LED sign at a Chase Bank in downtown Midland, Texas, the heart of the Permian Basin, which quantifies the current oil boom. It alternates between current rig Continue Reading
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading
The wildfires that have laid waste to vast parts of California are presenting residents with a new danger: air so thick with smoke it ranks among the dirtiest in the Continue Reading
