Venezuela gets fuel from Russia, Europe but the bill soars
Venezuela is paying heavy premiums for fuel imports from Russia and Europe, with fewer than a dozen sellers seeing the risk as worth the reward after flows from the United Continue Reading
Venezuelans Fleeing Crisis Face Desperate Hike to 12,000 Feet
The walking began before dawn: before the clouds broke against the mountaintops, before the trucks took over the highway, even before anyone in the town woke up to check the Continue Reading
Venezuela’s Oil Minister: PDVSA Pumping Station Attacked
Venezuela’s Oil Minister Manuel Quevedo, a former general appointed by Nicolas Maduro in late 2017 to lead Venezuela’s oil industry and state oil firm PDVSA, has said that a terrorist Continue Reading
China customs testing coal imports for environmental reasons: foreign ministry
China’s customs administration is testing coal imports for reasons including environmental protection, a foreign ministry spokesman said on Thursday. Spokesman Geng Shuang made the comment at a regular press briefing Continue Reading
Trump team to scrap talks with California on auto emissions: official
U.S. federal officials have decided to end negotiations with California over the Trump administration’s plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, a government official Continue Reading
How Sanctions Are Helping The U.S. Become A Net Oil Exporter
It’s easy to forget now, but just a few short years ago the United States was the biggest oil importer in the world by a considerable margin, and sold exactly Continue Reading
MIT Professors: This Is The Energy System Of The Future
Thanks to continuously declining costs, a hybrid renewable electricity generation system that combines wind, solar, and storage could become competitive with the cheapest fossil fuel electricity in the United States—combined-cycle Continue Reading
Permian Production To Break 4 Million Bpd In March
Crude oil production in the Permian is set to rise above 4 million bpd for the first time in history next month, the Energy Information Administration said in the latest Continue Reading
Pipeline Rationing Report Causes WCS-WTI Spread to Widen
Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge Inc. reported that rationing on its heavy oil lines would increase next Continue Reading
America’s Shale Boom Keeps Rolling
America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. Almost all the independent producers have reduced their Continue Reading