China’s Gas Pivot Is Starting To Pay Off
Environmental authorities in China said on Friday that Beijing and its surrounding industrial province of Hebei cut smog emissions by at least 12 percent in 2018 after a long crackdown Continue Reading
U.S. Oil Shipments To Asia Set To Rise Soon
A combination of lower shipping costs and lower domestic demand will boost U.S. crude oil exports to Asia, Reuters reports , citing sources from the commodity trading and shipping industries. Continue Reading
China launches subsidy-free solar, wind power after project costs fall
China will launch a series of subsidy-free wind and solar projects this year to take advantage of a rapid fall in construction costs since 2012 and tackle a gaping payment Continue Reading
Dalian iron ore falls on anti-smog measures in northern China
China’s iron ore futures dipped by nearly 1 percent on Thursday, as emergency anti-pollution measures in northern China dampened demand for steelmaking raw materials. The Ministry of Ecology and Environment Continue Reading
Utilities Speed Up Closure of Coal-Fired Power Plants
Northern Indiana Public Service, part of NiSource Inc., concluded that phasing out coal sooner was worth it because it would move the company to what is becoming a cheaper source Continue Reading
Something Extraordinary Is Happening In Jet Fuel Markets
Asia and the United States are experiencing historic prices for jet fuel, yet their current circumstances couldn’t be more opposite. In Asia, jet fuel has plummeted over the past two Continue Reading
BP Unlocks One Billion Barrels In Gulf Of Mexico With New Tech
Earlier this decade, BP and the Gulf of Mexico was an awkward and uneasy collocation for the UK oil supermajor after the 2010 Deepwater Horizon disaster. Nearly a decade and Continue Reading
Tesla Warns Self Driving Option ‘Very Far Away’ Due To Regulation
Tesla has been warning its buyers who have ordered the ‘Full Self-Driving package’ that the option may not be available for a very long time because of regulations in various Continue Reading
Producers weigh DUC production at $50/b oil
Highlights Market mixed if higher or lower price needed Platts: $50/b oil enough to bring production DUC decisions also hinge on takeaway ability Houston — The volume of drilled but Continue Reading
Problems for US Producers at $50
U.S. producers can’t generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects. U.S. producers can’t generate cashflow and production growth at $50 per barrel oil. Continue Reading
U.S. oil export boom sparks a battle to build Texas ports
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next Continue Reading
The Natural Gas Crash Isn’t Over
Natural gas prices have fallen sharply after spiking to multi-year highs in late 2018, and prices could fall further still. The U.S. entered the peak winter demand season with gas Continue Reading
General Motors to collaborate with EVgo, ChargePoint and Greenlots on EV charging network
General Motors will collaborate with EVgo, ChargePoint and Greenlots—three of the US’ leading electric vehicle (EV) charging networks—to enable access to the largest collective electric vehicle charging network in the Continue Reading
Norway cuts 2019 oil and gas output forecasts
Norway’s 2019 oil and gas output will be smaller than previously forecast and reach its lowest level in three decades, the Norwegian Petroleum Directorate (NPD) said on Thursday. Western Europe’s Continue Reading
OPEC cuts, US-China trade talks empower oil bulls
Crude futures settled higher Tuesday, extending the price rally for a seventh straight session amid growing evidence that OPEC supply cuts will tighten the market this year. ICE March Brent Continue Reading
Oil rises by over 1 percent on U.S., China trade talk optimism
Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a Continue Reading
Oil prices rise over 2 percent on trade talk optimism
Oil prices rose more than 2 percent on Tuesday, supported by hopes that crude demand may rise more quickly if talks between U.S. and Chinese officials resolve the trade dispute Continue Reading
WoodMac: Demand For Oil In Transportation Sector To Peak In A Decade
Global transportation demand for crude oil is expected to peak in the late 2020s, due to the rise of electric vehicles (EVs), improved efficiency standards for internal combustion engine (ICE) Continue Reading
Why 2019 Will Be A Record Breaking Year For LNG
Last year saw a rise in the importance of environmentalism and the overall attention for cleaner energy sources. In contrast to the unilateral U.S. withdrawal from the Paris Climate Agreement, Continue Reading
Saudi Arabia Edges Toward Bet on Booming U.S. Energy Sector
Companies with projects being considered include Tellurian Inc., a Houston-based LNG developer known for its intention to ship gas from its planned Driftwood terminal in Louisiana, the people said. In Continue Reading
U.S. sanctions are putting pressure on Iran and Iranians: supreme leader
U.S. sanctions are putting pressure on Iran and its people, Iranian Supreme Leader Ayatollah Ali Khamenei said on Wednesday, according to his official website. U.S. President Donald Trump pulled out Continue Reading
Saudi Arabia to announce slight rise in oil, gas reserves after audit: source
Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter. Continue Reading
Saudi Arabia seeks buyers for new dollar bonds
Saudi Arabia is tapping international investors with a new set of debt, becoming the hhighest-profileentrant to the bond market for the opening days of the year with its first issue Continue Reading
Is Iran Exaggerating The Demand For Its Oil?
After the United States pulled out of the Obama-era Iran nuclear deal and re-imposed and added to sanctions last year, the Trump administration granted waivers to eight countries who were Continue Reading
U.S. LNG producers face risk unless trade war resolved: energy group
The nascent U.S. liquefied natural gas export industry has been particularly vulnerable to the U.S.-China trade war, the head of the American Petroleum Institute industry group said on Tuesday, adding Continue Reading
Nigeria Lost $2.8 Billion to ‘Oil-Related Crimes’ in 2018 – UN
The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General Continue Reading
Nicolás Maduro to begin second term as Venezuela goes into meltdown
Every day before dawn, a long line of people forms outside the Spanish consulate in the Plaza la Castellana in Caracas. Venezuelans, many of Spanish descent, are desperate to get Continue Reading
Curacao oil refinery resumes work after eight-month stoppage
Curacao’s 335,000-barrel-per-day (bpd) Isla refinery has resumed work, management of the government-owned facility said on Tuesday, after eight months of paralysis caused by a dispute between its operator, Venezuela’s PDVSA, Continue Reading
Mexico fuel theft curtailed, secret ‘hose’ found in refinery: Obrador
Mexican President Andres Manuel Lopez Obrador said on Tuesday a military-assisted crackdown had dramatically reduced fuel theft and uncovered a secret pipe that was used to siphon gasoline out of Continue Reading
Large Crude Draw Fails To Impress As Gasoline, Distillates Inventories Soar
The American Petroleum Institute (API) reported a sizable crude oil inventory draw of 6.127 million barrels for the week ending Jan 4, compared to analyst expectations that we would see Continue Reading
U.S. fuel prices fall as demand hits 22-month low
Gasoline prices in the United States have now fallen for 12 straight weeks, with the national average as of Monday at $2.24 per gallon, alongside reports indicating the weakest demand Continue Reading
U.S. Army Joins Race To Expand U.S. Oil Exports
The news that the U.S. Army Corps of Engineers has placed a US$93-million order with Great Lakes Dredge & Dock Company for the deepening and widening of its ship channel Continue Reading
American Petroleum Institute urges White House to end China trade war, steel tariffs
US steel tariffs, the trade war with China and a prolonged federal government shutdown could each threaten to slow the growth of the US oil and natural gas industry, the Continue Reading
House Democrats introduce bills banning oil, gas leasing in nearly all federal waters
Democrats in the House of Representatives introduced Tuesday seven separate bills aimed at blocking oil and natural gas drilling in nearly all federal waters. Receive daily email alerts, subscriber notes Continue Reading
U.S. oil exports to Asia set to rise in second-quarter as freight costs fall
U.S. crude oil exports to Asia are set to rise in the second quarter as sellers cut prices following sharp drops in freight rates and expected weaker demand in the Continue Reading
Is This The Answer To Canada’s Oil Crisis?
While even the most likely new pipeline to ship more of Alberta’s crude oil to refining and export markets—Enbridge’s Line 3 replacement—is nearly a year away at the earliest, the Continue Reading
Problems for US Producers at $50
U.S. producers can’t generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects. U.S. producers can’t generate cashflow and production growth at $50 per barrel oil. Continue Reading
BP Okays $1.3B Expansion in Gulf of Mexico
The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd. BP has approved a $1.3 billion expansion for the Continue Reading
Rolls-Royce Aims For Electric Aircraft Speed Record
Last week Rolls-Royce revealed plans to build a 300-mile-per-hour, 500-horsepower, all-electric aircraft capable of flying from London to Paris on a single charge. The Accel relies on the most energy-dense Continue Reading
Alstom and Eversholt Rail unveil a new hydrogen train design for the UK
Alstom and Eversholt Rail have unveiled the design of a new hydrogen train for the UK market. The train, codenamed Breeze, will be a conversion of existing Class 321 trains, Continue Reading
Nord Stream 2 Is Losing Support In Germany
The Nord Stream 2 pipeline is running into some trouble amid withering opposition from the Trump administration. Support for the Nord Stream 2 pipeline in Germany is slipping, according to Continue Reading
Europe’s ban on single-hull river barges enters force at end of drought-hit year
A ban on single-hull barges carrying oil products on Europe’s inland waterways came into force at the end of 2018 — a year that saw double-hull barges unable to navigate Continue Reading
Population: Control or Perish
French Institute of Demographic Studies projected that by the end of this century there will be 10 to 11 billion people on the planet. The world population will jump from Continue Reading
Crude oil futures up ahead of weekly US inventory data
Crude oil futures were marginally higher during mid-morning trade in Asia Tuesday ahead of the release of the US’ inventory report for last week amid mixed analysts’ expectations. Sweet crude contract Continue Reading
Oil prices steady on trade talk hopes and OPEC cuts, but slowdown looms
Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies, while OPEC-led supply Continue Reading
Oil rises; lifted by OPEC cuts, steadying stock market
Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude LCOc1 futures rose 27 Continue Reading
Is WTI Set To Rally?
U.S. crude oil prices hit the lowest in 18 months in the last week of 2018, having slumped by nearly 40 percent from four-year highs hit in early October. In Continue Reading
Goldman Sachs cuts 2019 Brent crude oil price forecast to $62.5/b
Goldman Sachs has cut its average price forecast for Brent crude oil this year by 11% as growing volumes of US shale oil reach the market, production costs fall and Continue Reading
The Overlooked Factor Driving The Rally In Oil
The overall sentiment among oil traders is wary these days. The OPEC+ production cuts went into effect at the start of 2019, but it’s too early to say who is Continue Reading
Libya Aims To Double Oil Production Within 2 Years
Libya plans to pump 2.1 million bpd of crude oil by 2021 if the security situation improves, the chairman of the National Oil Corporation, Mustafa Sanalla, said as quoted by Continue Reading