Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery drive battery-driven Executive Herbert Diess said on Friday. Continue Reading
A spinning turbine that can capture wind traveling in any direction and could transform how consumers generate electricity in cities has won its inventors a prestigious international award and ~$38,000 Continue Reading
The UK’s draft withdrawal agreement for leaving the European Union lacks clarity, which could be damaging to the UK oil and gas industry with increased costs for retaining skilled workers, Continue Reading
Crude oil futures ticked higher during mid-morning trade in Asia Friday, correcting from the slide following a large sell-off this week, despite a build reported in US crude inventories. Growing Continue Reading
In just one month, everyone stopped talking about $100 oil. In six weeks, oil prices slid into a bear market from four-year highs in early October and booked their steepest Continue Reading
Have you ever found yourself wondering how many people there are on Earth? Or perhaps you are curious as to what your birth date may signify in the grand scheme Continue Reading
Big Oil majors are back in the black thanks to their corporate versions of austerity programs that saw spending shrink considerably along with costs. Shareholders have appreciated this, although they Continue Reading
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. Continue Reading
What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that “recent Continue Reading
Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East Continue Reading
Abu Dhabi National Oil Company (ADNOC), one of the largest producers within OPEC, is undergoing a dramatic transformation. ADNOC’s CEO has made several statements suggesting that the NOC is set Continue Reading
An influx of militants from Syria is fueling the self-proclaimed Islamic State (IS) militant group’s ongoing guerrilla war in Iraq – underscoring the extent to which Iraqi security forces are Continue Reading
The Senate yesterday said it again uncovered illegal multiple withdrawals of $1.151 billion from the dividends accounts of the Nigeria Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation Continue Reading
China’s written response to U.S. demands for trade reforms is unlikely to trigger a breakthrough at talks between Presidents Donald Trump and Xi Jinping later this month, a senior Trump Continue Reading
As nations jockey for position ahead of next month’s UN climate talks, the most significant of its kind since the Paris accord was sealed three years ago, negotiators are beating Continue Reading
Japanese refiners are considering resuming Iranian oil imports from January following Washington’s recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether Continue Reading
Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions Continue Reading
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading
The Trump administration plans to set up a side-event promoting fossil fuels at the annual U.N. climate talks next month, repeating a strategy that infuriated global-warming activists during last year’s Continue Reading
U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its Continue Reading
Cold weather blanketing much of the United States this week boosted spot natural gas prices for Thursday to their highest since January in several regions, while natural gas futures slid Continue Reading
A group representing biofuel companies asked a federal judge on Tuesday to force the U.S. Environmental Protection Agency to stop exempting small refineries from renewable fuel laws until a lawsuit Continue Reading
“You need scale once you’re in development mode to be able to succeed at the margins that you have,” said Jeff Shellebarger, Chevron’s president of North America exploration and production. Continue Reading
Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of Continue Reading
The long losing streak in oil prices over the past two weeks was the result of U.S. policies and soaring American oil production, Ed Morse, head of commodities research at Continue Reading
Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 Continue Reading
The US Department of Interior said Thursday it was preparing an environmental impact statement for a 2019 lease sale that would open as much as 65 million acres of federal Continue Reading
The NYC Department of Citywide Administrative Services (DCAS) will expand use of renewable diesel fuel, a 99% petroleum-free alternative to traditional diesel fuel. The fuel reduces CO 2 emissions by Continue Reading
Ed. note: This is Chapter 45 of Brian Davey’s free online book C redo, published in 2014. Mainstream economics frames the climate crisis in a particular way but this approach Continue Reading
The most contentious and expensive midterm election in US history is almost over. When the dust finally settles it will have ended pretty much as predicted. The incoming 116th Congress Continue Reading
The fracking of hard-to-reach oil reserves has helped the US regain its crown as the world’s top crude oil producer. But even the International Energy Agency (IEA) is now worried Continue Reading
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading
The drop largely reversed Wednesday’s meteoric 18% increase to $4.837/mmBtu—the biggest one-day rally in 14 years and the highest closing price since 2014. The sharp moves caught many in the Continue Reading
Natural gas prices skyrocketed this week, shooting above $4.80 per MMBtu on Wednesday, a price last seen during the polar vortex of 2014. Low gas inventories are leaving the market Continue Reading
There is little space for argument that the biggest problem with mass EV adoption is the high cost and insufficient reliability of lithium-ion batteries. While it’s true that costs have Continue Reading
The U.S. Department of the Interior said on Thursday that it intends to prepare an Environmental Impact Statement (EIS) for a potential 2019 oil and gas lease sale in the Continue Reading
The reality of the low level of supplies has suddenly awoken gas prices from their months-long slumber. With only a few weeks until the official end of the natural gas Continue Reading
Russia wants to stay out of any oil-production cuts being touted by some of its partners in an OPEC-led supply pact, two high-ranking Russian sources told Reuters. Worried by a Continue Reading
Summary of Weekly Petroleum Data for the week ending November 9, 2018 U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending November 9, 2018, Continue Reading
At least three tankers loaded with liquefied natural gas (LNG) from Russian LNG facility Yamal have arrived in the United States recently, according to Russia’s Foreign Ministry spokeswoman Maria Zakharova. Continue Reading
Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported on Thursday, quoting two high-ranking Russian sources. Russia—which together with Saudi Continue Reading
The introduction of the low emission zone (LEZ) in London, UK, has only contributed to modest reductions in exposure to NO x from diesel vehicles, and these improvements appear to Continue Reading
Sales of used hybrid, plug-in hybrid, and electric vehicles (EVs) in the UK jumped by 28.6 percent annually in the third quarter of 2018, the Society of Motor Manufacturers & Continue Reading
Senior oil analysts have shrugged off concerns about a prolonged slump in prices after Dated Brent crude briefly dipped below $65/b for the first time since March. Since early Continue Reading
Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over the prospect of an oversupplied market next year remained in spite of Continue Reading
The American Petroleum Institute (API) reported a sizeable crude oil inventory build for the week ending on November 9th. The build of 8.79 million barrels was the sixth in as Continue Reading
Growing demand for oil will lead to a shortage and high prices in 2020s Energy demand in India is set to double Milind Ketkar We need to slash greenhouse emissions Continue Reading
The rapid surge has rattled investors and traders, as the market goes into the winter heating season with less supplies in storage than any other year since 2005. Natural-gas prices Continue Reading
The world may never again use as much coal as during a peak in 2014, according to the latest World Energy Outlook from the International Energy Agency (IEA). The weighty Continue Reading
OPEC and the non-OPEC partners in the deal are discussing potentially cutting oil production by as much as 1.4 million bpd to try to lift oil prices out of the Continue Reading
