EIA sees US oil production hitting 13 million b/d in Q4 2020
US oil production is on track to hit 12 million b/d in March and 13 million b/d in October 2020, but the growth rate will slow considerably from recent levels Continue Reading
Policy Creating Hurdles for Canada’s Oil Patch
The goal of Premier Rachel Notley’s mandated production cut is to reduce the storage glut and get oil prices back to profitable levels. Premier Rachel Notley spoke to the citizens Continue Reading
Permian Shale Oil Boom Holds Mixed News for OPEC
The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Continue Reading
SoCalGas urges consumers to conserve natural gas during cold snap
Southern California Gas Co (SoCalGas) urged consumers to reduce natural gas use until further notice to avoid straining the utility’s system as cold weather blankets parts of its service area. Continue Reading
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds
In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most Continue Reading
Heavy Crude: From Glut To Shortage
Just a few months ago Canadian heavy crude oil producers were sending their product to storage amid a painfully deep price discount to West Texas Intermediate that ate into their Continue Reading
Energy From Fusion In Two Years
TAE Technologies will bring a fusion-reactor technology to commercialization in the next five years, its CEO announced recently at the University of California, Irvine. “The notion that you hear fusion Continue Reading
Glaciers Are Retreating. Millions Rely on Their Water.
Tuyuksu Glacier Kapchagay Reservoir Lake Issyk-Kul Almaty Lake Balkhash Russia Mongolia Kazakhstan Kazakhstan Iran Afghanistan Pakistan China China Kyrgyzstan India Arctic Ocean Arabian Sea Bay of Bengal Flows from Kazakhstan’s Continue Reading
Crude oil futures rise on expected draw in US stock, OPEC meet
Crude oil futures were higher during mid-morning trade in Asia Tuesday amid an expected draw in the US’ crude inventory last week, while news on Iranian sanctions and OPEC meeting Continue Reading
Oil up 1 percent amid supply cuts, but China slowdown weighs on demand outlook
SOil prices rose by more than 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth Continue Reading