What Is Keeping Oil Prices Subdued?
Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth. Oil prices have been flat for several days, weighed down by Continue Reading
The week in energy: looking for breakthroughs
There is an old joke about an economist and an engineer stranded on a desert island, who find a case full of cans of beans washed up on the beach. Continue Reading
Rival Forces Clash For Control Over Libya’s Largest Oil Field
Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east— are fighting for control over Libya’s largest oil field, Sharara, which has been Continue Reading
Kazakhstan Delays Oil Firm’s IPO Amid Worsening Market Conditions
Kazakhstan has postponed the listing of its state oil and gas firm KazMunayGas (KMG) until after 2019, due to worsening market conditions and Brexit uncertainty that could dampen investor appetite Continue Reading
Latin American oil prices, flows to U.S. jump amid PDVSA restrictions
Latin American crude prices and flows to the United States have climbed this week as U.S. refiners tap lesser-used grades and suppliers to replace Venezuelan oil lost due to U.S. Continue Reading
U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First.
When President Trump slapped surprise oil sanctions on Venezuela aimed at toppling President Nicolás Maduro, exports plunged and banking froze as the effects hit harder and faster than expected. But Continue Reading
Oil Workers Exodus Could Complicate Efforts To Reverse Venezuela’s Collapse
Not only ordinary Venezuelan people have been fleeing poverty and hyperinflation in the Latin American country in recent years. Oil workers are also leaving their poor-paying jobs in the country Continue Reading
US Adds Seven Oil Rigs
The US saw an addition of seven oil rigs this week but saw a decline in gas rigs. After a week of a net loss of 14 rigs , the Continue Reading
Keystone pipeline likely source of Missouri crude spill: TransCanada Corp
An oil leak near St. Louis, Missouri likely originated from TransCanada Corp’s Keystone pipeline, the company said on Friday, with no projected restart timetable for the portion of the line Continue Reading
‘Green New Deal’ Democrats Position Climate Change as Central Issue in 2020
Democratic officials and activists are pushing the party to unify behind a plan to quickly wean the U.S. economy off fossil fuels and cement climate change as a central issue Continue Reading