Crude oil futures dipped in mid-morning trade Asia Monday as risks of a downside in demand outweighed lingering concerns of tightening supply. At 11:30 am Singapore time (0330 GMT), ICE Continue Reading
Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still Continue Reading
A basic review of the chart for oil futures (CL) suggests that crude is about to take off. Whether the next move from here is up or down, providing a Continue Reading
The global oil and gas industry is poised to increase spending this year, albeit modestly, in a bid to boost supply after a punishing period of low oil prices. The Continue Reading
Saudi Arabia, the world’s largest crude oil exporter, will announce plans to entice investors to its infrastructure, industry & energy projects through the launch of its National Industrial Development and Continue Reading
After a long period of stasis, the situation in Venezuela is moving towards its denouement. The next few months will be dangerous for the country and, despite the market’s apparent indifference Continue Reading
Thousands more leave Venezuela amid new crisis The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. Continue Reading
The political power struggle in Venezuela is heating up, and there seems to be no real solution on the horizon yet. The surprise move by Venezuela’s opposition leader Juan Guaido Continue Reading
Canadian oil producers are keeping a close eye on the latest events in Venezuela and the opportunity to boost their exports south of the border if things in the troubled Continue Reading
Chinese ethanol imports slumped 73.2% month on month to 25,178 cu m in December last year, with both denatured and undenatured imports falling month on month, latest customs data showed. Continue Reading
China coking coal import volume saw a slight decline in 2018, according to China’s customs data released Saturday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
China is planning to apply the same technology used to detonate a nuclear bomb over Hiroshima during the second world war to access its massive shale gas reserves in Sichuan Continue Reading
Chinese demand for crude oil is rebounding as independent refiners push to buy before prices climb further from low levels hit late last year, restocking with supplies that will arrive Continue Reading
US coal production is expected to fall even faster than if the Obama administration’s climate policy had taken effect, according to official projections, underlining the difficulties facing President Donald Trump Continue Reading
Forecasters project a large increase in U.S. oil production over 2019. The size of this increase ranges from four hundred and twenty thousand barrels per day (Citibank) to 1.7 million Continue Reading
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing Continue Reading
In a new white paper , the International Council on Clean Transportation (ICCT) has quantified the gap in charging infrastructure across the 100 most populous US metropolitan areas in the Continue Reading
Collapse is a process, not an event. Many people are expecting some degree of approaching collapse — be it economic, environmental and/or societal — thinking that they’ll recognize the danger Continue Reading
Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment. Continue Reading
Oil prices rose somewhat on Friday morning, but gains were capped by uncertainty about the U.S. China trade deal, a rising rig count and concerns about global economic growth. The Continue Reading
Shortages of cooking gas, electricity and fuel have hit the capital Damascus hard this winter, prompting Syrian members of parliament to slam the government for its inability to tackle the Continue Reading
Saudi Aramco, in partnership with U.S. Air Products and Chemicals, will build the first hydrogen fuel cell station in the Kingdom, leveraging Air Products’ SmartFuel hydrogen fueling technology, Reuters reports Continue Reading
Iraq’s Parliament passed a 2019 budget law Thursday – breaking through political gridlock by authorizing massive increases in spending, including new revenue guarantees for the autonomous Kurdistan region. The new Continue Reading
Dangote Petroleum Refinery will create $11billion per annum market for Nigerian crude because it is designed for 100 per cent Nigerian crude with flexibility to process others and it will Continue Reading
The United States on Friday intensified its push to drive Venezuelan President Nicolas Maduro from power, as U.S. diplomats left the embassy in Caracas, while Russia vowed to back its Continue Reading
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the United States to cut off that revenue would likely Continue Reading
Venezuela’s most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to Continue Reading
Crude production from state-owned oil company Pemex averaged 1.71 million barrels per day (bpd) in December, up 0.8 percent compared to output the previous month, according to company data published Continue Reading
That late-night call set in motion a plan that had been developed in secret over the preceding several weeks, accompanied by talks between U.S. officials, allies, lawmakers and key Venezuelan Continue Reading
The political standoff in Venezuela continues as the world watches with apprehension and countries begin to take sides, backing one of the two leaders claiming to be president of the Continue Reading
The Trump administration is poised to impose sanctions on US imports of Venezuelan crude oil, a move which will leave US Gulf Coast refiners scrambling for more costly replacement barrels, Continue Reading
Baker Hughes reported modest rise in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports , noting refining margins for the fuel in the United States sank to US$45.70 a barrel Continue Reading
U.S. crude oil production will keep setting annual records until 2027 and will remain higher than 14 million bpd through 2040, thanks to continuously growing shale production, the U.S. Energy Continue Reading
Opponents of oil and gas development in the Coastal Plain of the Arctic National Wildlife Refuge are criticizing a US Interior Department environmental review as inadequate, previewing a potential legal Continue Reading
A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Continue Reading
As the Trump administration worked to revise and relax federal fuel economy and emissions standards for cars and light trucks, an oil refiners trade group worked connections with Republican governors Continue Reading
The United Steelworkers union (USW) said on Friday Shell Oil Co is delaying progress on important issues in negotiations for a new national agreement covering 30,000 U.S. refinery and chemical Continue Reading
U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month Continue Reading
Several Republican Senators have reintroduced a bill to streamline oil and gas development permitting in the U.S., aimed at boosting mineral revenues for states and reducing regulatory burdens and costs. Continue Reading
As coal supply tightened in 2018, due to a boom in the export market, market participants expected supplies to replenish in early 2019, but so far, sources said people are Continue Reading
The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to sources. (Bloomberg) — The Trump administration Continue Reading
Exxon has inked a preliminary agreement with Germany Uniper for future LNG supplies to a new import terminal in Wilhelmshaven, Reuters reports , citing the German company. The Wilhelmshaven project Continue Reading
Decommissioning the offshore platforms that have reached the end of their productive life will cost UK taxpayers some US$31.46 billion (24 billion pounds) over the next 45 years, a new Continue Reading
Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in Continue Reading
Germany is set to phase out all its coal-fired power stations by 2038, under a plan agreed by a government-appointed commission early on Saturday. The keenly-awaited deal calls for massive Continue Reading
Royal Dutch Shell ( is expected to report on January 31 its highest annual profit since 2014, although the oil price plunge late last year may hit Q4 earnings. Shell is Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Friday despite a larger-than-expected build reported in US crude inventory, as markets continued to focus on ongoing geopolitical tensions between Continue Reading
Oil prices edged up on Friday as turmoil in Venezuela increased the chances of tighter global supply if the United States makes good on signals that it could impose sanctions Continue Reading
On New Year’s Day, President Trump tweeted: (Click to enlarge) President Trump’s tweet on gasoline prices. I have written many times about the limited impact a sitting President can have Continue Reading
