Weekly US coal production totaled 15.9 million st in the week ended December 22, reaching the 2018 peak in weekly production unless the final week of the year tallies higher, Continue Reading
The US rig count fell to its lowest level since April last week, declining by 28 to 1,147, amid a broad slowdown in oil drilling activity, according to S&P Global Continue Reading
Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state Continue Reading
The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out. Government-mandated production cuts and the potential startup of a key Continue Reading
Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better. Exxon Mobil Corp., down about 20 Continue Reading
Even as Saudi Arabia has scrambled to prevent a bust in the oil market, so far failing to head off a dramatic price slide, Russia seems just fine with prices Continue Reading
It seems that the Federal Reserve can’t get a break. For months, President Trump has been increasingly criticizing the Fed’s policy of incrementally increasing interest rates, a near-unprecedented move for Continue Reading
A new discontent is brewing in Canada’s oil patch—insolvent oil firms or energy companies trying to stay afloat amid low Canadian oil prices have started to lag in municipal tax Continue Reading
Volkswagen is previewing the company’s future mobile quick charging station. The first mobile quick charging stations will be set up as early as the first half of 2019 in Wolfsburg Continue Reading
Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices Continue Reading
Crude oil prices rose Wednesday after the markets were closed in the previous day, but any rally is likely to be short-lived, as sustainable significant increases are only seen later Continue Reading
Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since Continue Reading
For the oil market, 2018 has been a roller coaster ride. Ups and downs are always expected, but the twists and turns seen this year were exceptional by any standard. Continue Reading
The depressing reality about climate change is that we could solve the problem, at manageable cost, but are failing to do so. This failure is due to a mixture of Continue Reading
OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard Continue Reading
As its economy buckles, Iran is zealously cracking down on financial fraud. Central to its efforts is a fast-track fraud court approved by Supreme Leader Ayatollah Ali Khamenei in August Continue Reading
Less than a year ago, he was running a thriving computer accessories business, driving a new car and renting a comfortable two-bedroom apartment in the center of Tehran. But last Continue Reading
The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to remit $3,632,075 to the Federation Continue Reading
The downward trend in output from Mexico’s state oil company Pemex continued in November as oil and gas production fell 2.7% and 2.3% respectively, from the previous month, company data Continue Reading
Exxon Mobil Corp ( XOM.N ) said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration Continue Reading
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos Continue Reading
China last month imported two tankers of U.S. liquefied natural gas, nudging open a doorway that had been closed shut for a month at a time when America is rapidly Continue Reading
Chinese state oil major Sinopec has suspended the two top officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday. Continue Reading
Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly driven by China’s continued gasification push, and as the region faces colder-than-usual temperatures Continue Reading
Profits fell at Chinese industrial companies for the first time in nearly three years last month, in the latest sign of an economic slowdown from weak consumption and flagging infrastructure Continue Reading
Chinese ethanol imports surged to a total of 94,051 cu m in November, from 16,043 cu m in October, with both denatured and undenatured imports showing strong growth, latest customs Continue Reading
In just two years, President Trump has unleashed a regulatory rollback, lobbied for and cheered on by industry, with little parallel in the past half-century. Mr. Trump enthusiastically promotes the Continue Reading
The spike in natural gas prices in November may prove to be short-lived. Natural gas spot prices jumped as high as $4.70/MMBtu in November, the highest price since the Polar Continue Reading
President Donald Trump’s decisions over the past week are throwing both global equities markets and oil markets into tantrums. Christmas week started with dismal developments in Washington. On Monday, the Continue Reading
U.S. oil prices at below $50 and now even below $45 a barrel could cause concerns about the debt levels of some energy companies, Nasdaq energy analyst Tamar Essner told Continue Reading
US coal generation totaled 87.98 GWh in October, down 9.6% from September and 2.6% from the year-ago month, Energy Information Administration data released Wednesday showed. Receive daily email alerts, subscriber Continue Reading
Shale drillers in the Permian Basin are producing vast amounts of gas as a byproduct of prospecting for oil. But there aren’t enough pipelines to take all the gas to Continue Reading
As the U.S. oil industry reels from the collapsing oil prices, Canada’s oil business is seeing its oil prices rallying. How can that be? It is the result of strong Continue Reading
So I’m waiting. Waiting to choose one of the scores of electric vehicle models that I know are coming down the pipeline in the next 18 to 36 months—the exact Continue Reading
Russia’s budget has received an additional US$120 billion since Moscow’s cooperation deal with OPEC started two years ago, Russian Energy Minister Alexander Novak told local business daily Kommersant in a Continue Reading
Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had Continue Reading
Crude oil futures were mixed during mid-morning trade in Asia Wednesday, with front-month ICE Brent crude trading below $50/b before posting a slight recovery from that level amid mild bargain Continue Reading
A global economy that until recently was humming has broken down, a sharp contrast to the picture just a year ago when the world was experiencing its best growth since Continue Reading
Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s Continue Reading
Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 barrels per day (bpd) as most of the crude produced is being diverted Continue Reading
Iranian President Hassan Rouhani presented a $42.7 billion budget to parliament for next year, the first since the U.S. reimposed sanctions on the Islamic Republic after President Trump in May Continue Reading
Following Wednesday’s unexpected and dramatic full and “immediate” withdrawal of all U.S. forces from Syria, Turkey has announced it will not play ball on Iran sanctions. According to a translation Continue Reading
It has gotten so bad that at one Peugeot factory, skilled workers spend their days washing floors or attending Communist Party political study sessions at work. At a Ford plant, Continue Reading
Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last Continue Reading
Researchers at Columbia University, with colleagues at Boston University and Abt Associates, have identified concentration-response (C-R) functions for a number of adverse health outcomes in children associated with air pollutants Continue Reading
General Motors has announced it’s shuttering five production facilities and killing six vehicle platforms by the end of 2019 as it reallocates resources towards self-driving technologies and electric vehicles. The Continue Reading
Venezuela’s foreign ministry on Tuesday described as “interventionist and disrespectful” U.S. comments on a weekend incident in which the country’s navy stopped two ships exploring for oil for Exxon Mobil Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. Continue Reading
U.S. oil prices tumbled Monday to their lowest level in 18 months as plunging stock prices on Wall Street added to fears of a global economic slowdown that could reduce Continue Reading
