Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as Continue Reading
Saudi Pledge: Saudi Arabia Energy Minister Khalid al-Falih reportedly said in Riyadh that the Organization of the Petroleum Exporting Countries, as well as Russia and other producers, will almost certainly Continue Reading
Global demand for coal, an energy source that has raised air quality concerns, is set to rise for a second year in a row in 2018 and will remain stable Continue Reading
Oil producer group OPEC plans to release a table detailing voluntary output cut quotas for its members and allies such as Russia in an effort to shore up prices, OPEC’s Continue Reading
A day after oil prices plummeted again amid global market sell-offs and fears of oversupply, Saudi Energy Minister Khalid al-Falih said that he expects global oil inventories to drop by Continue Reading
Qatar is continuing to make energy headline news. The tiny kingdom is forging its own path even at the expense of recently pulling out of OPEC to focus on its Continue Reading
The U.S. State Department has issued a statement urging the Libyan authorities and the militants who put a blockade on the country’s biggest oil field to resolve their differences so Continue Reading
War-torn South Sudan could become a significant oil producer in the region if the country can manage to maintain a peace deal reached between warring sides in September. However, according Continue Reading
This year has seen several major policy changes in renewable energy, especially in solar. China surprised everyone in June by announcing that it would not issue approvals for any new Continue Reading
In a recent post , Antonio Turiel proposed that the global peak of diesel fuel production was reached three years ago, in 2015. Turiel’s idea is especially interesting since it Continue Reading
Accommodating both sides poses a challenge for Port Houston, which has grown thanks to its hometown energy industry but has recently invested hundreds of millions in new infrastructure to attract Continue Reading
Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the Continue Reading
Hunan, China — China is set to tighten its sulfur-limit restrictions for ships by extending the 0.5% bunker fuel sulfur limit from the initially designated Emission Control Areas (ECAs) to Continue Reading
U.S. crude stocks fell last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 497,000 barrels in the Continue Reading
The future of the nuclear power industry lies in China. The Chinese are presently building more nuclear electric power generating stations than any other country. This year, the Chinese will Continue Reading
Surging U.S. crude oil production will offset OPEC’s output cuts aimed at rebalancing the market as soon as the end of next year – undercutting the group’s efforts as shale Continue Reading
Summary of Weekly Petroleum Data for the week ending December 14, 2018 U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending December 14, 2018, Continue Reading
Inventories of ultra low sulfur diesel on the US Gulf Coast hit a four-year low during the week ended December 14, Energy Information Administration data showed Wednesday. USGC ULSD stocks Continue Reading
The U.S.’s biggest oil field may be about to pump the brakes if crude keeps plunging. Just 10 weeks ago, the Permian Basin was on course to grow almost 1 Continue Reading
ExxonMobil Corp., the world’s biggest publicly traded oil company, is calling on the Environmental Protection Agency to regulate emissions of methane from all new and existing oil and gas wells Continue Reading
U.S. liquefied natural gas (LNG) export capacity is on the brink of doubling in 2019, which will boost the super-cooled fuel’s influence on the U.S. natural gas market, where volatility Continue Reading
Investors overseeing more than $11tn in assets, including Schroders, Legal & General Investment Management and two of the biggest US pension funds, have called on power companies to commit to Continue Reading
Battery maker 24M just received funding for its SemiSolid lithium-ion battery that could have Tesla and other electric carmakers beat in energy storage and electric vehicle driving range. The company, Continue Reading
A coalition of nine Northeast and Mid-Atlantic states and the District of Columbia announced their intent to design a new regional low-carbon transportation policy proposal that would cap and reduce Continue Reading
EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s ( RDSa.AS ) new energies division to co-develop Continue Reading
The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp ( XOM.N ) a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three Continue Reading
For a long period of time, the energy transition was primarily a technical topic concerning the transformation of the energy grid. Technological developments and the decreasing costs of renewables have Continue Reading
Oil stabilized on Wednesday after one of its biggest falls for years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand for fuel. Continue Reading
Crude prices plunged in a late session selloff to settle at 2018 lows Tuesday amid growing oversupply concerns. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
The American Petroleum Institute (API) reported a surprise crude oil inventory build of 3.45 million barrels for the week ending December 14, compared to analyst expectations that we would see Continue Reading
Shares in the largest oil companies in Europe dropped to their lowest level in eight months on Tuesday, dragged down by across-the-board equity sell-offs in global markets and tumbling oil Continue Reading
Oil prices fell as much as 4 percent in volatile trading on Tuesday as planned production curbs by global producers, led by Saudi Arabia and Russia, failed to allay concerns Continue Reading
“There’s a lot of uncertainty on both sides of the oil equation. Is demand going to be strong and will supply come down?” said Rob Thummel, who manages energy assets Continue Reading
Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts that record U.S. and Russian output will hit a market that may see weaker demand if global growth Continue Reading
Economic jitters and surging supplies from the U.S. to Russia hammered oil again, with crude suffering its biggest decline in more than three weeks. Futures slid 7.3 percent in New Continue Reading
Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself. Continue Reading
Upstream operators are set to sanction up to 50 new large oil and gas projects next year, up from 40 in 2018, with deepwater oil developments in Guyana and Brazil Continue Reading
The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the Continue Reading
Saudi Arabia’s crude oil exports jumped to a 22-month high of 7.70 million bpd in October, as OPEC’s biggest oil producer and exporter ramped up shipments ahead of the return Continue Reading
Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for Continue Reading
Saudi Arabia’s 2019 budget allocates 33 billion riyals ($8.8 billion) for the energy, industry, mining and logistics sectors, oil minister Khalid al-Falih said in a tweet on Wednesday. That is Continue Reading
Iraq has agreed on a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday. Iraqi Oil Minister Thamir Continue Reading
Despite the U.S. sanctions, Iran continues to explore and discover new oil and gas reserves and now ranks “first in terms of oil and gas reserves in the world,” Iranian Continue Reading
Switzerland is close to launching an initiative to let companies sell food, medicine and medical devices to Iran using a payments channel that would be the first such mechanism to Continue Reading
After a week’s blockade by a militant group, Libya’s largest oil field, Sharara, has been shuttered by a force majeure declaration by the National Oil Corporation. Reuters cited a statement Continue Reading
Libya’s National Oil Company NOC has once again shocked the oil market by officially declaring force majeure on its operations at the El Sharara oilfield, the largest oilfield in the Continue Reading
An Italian judge, Giusy Barbara yesterday said oil groups Eni and Royal Dutch Shell were fully aware that their purchase of a Nigerian oilfield in 2011, would result in corrupt Continue Reading
China National Offshore Oil Corporation (CNOOC) has signed strategic cooperation agreements for oil and gas exploration offshore China with nine international companies including oil majors Chevron, ConocoPhillips, Shell, Total, and Continue Reading
North Korea is still receiving crude oil shipments despite the military presence of a U.S.-led coalition deployed to ensure UN sanctions against Pyongyang are being enforced. This was revealed in Continue Reading
Fuel prices fell another 5 cents last week, to $2.37 per gallon, and the price drops that have been going on for about 10 weeks straight may continue at least Continue Reading
