The barges floating down the Ohio River no longer deliver coal to the two power plants that have stood here for decades, twin sentinels looming over this rural county east Continue Reading
Portland, Oregon, rack gasoline has jumped more than 33 cents since March 12 on ethanol shortages tied to the recent “bomb cyclone” in the US Midwest that set off flooding Continue Reading
Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on Continue Reading
Russneft expects its oil output in Russia and Azerbaijan to reach 7.85 million mt, or around 157,645 b/d in 2019, the Russian company’s vice president for geology and development, Mikhail Continue Reading
Saudi Arabia is having a hard time convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three Continue Reading
Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Thursday amid a surprise build in US crude stocks and lingering uncertainty over the global economic outlook. Receive daily email Continue Reading
Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. International Brent crude oil futures were at Continue Reading
Crude oil prices fell slightly after the Energy Information Administration reported a moderate build in U.S. crude oil inventories for the week to March 22. These added 2.8 million barrels Continue Reading
Introduction With a planned effective date of January 1, 2020, the International Maritime Organization’s (IMO) new regulations (IMO 2020) limit the sulfur content in marine fuels that ocean-going vessels use Continue Reading
Nearly a year has passed since the US implemented economic, financial and trade sanctions on Iran covering key sectors, while those on its oil and gas industry took effect last Continue Reading
Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is Continue Reading
U.S. Energy Secretary Rick Perry has approved six secret authorizations by companies to sell nuclear power technology and assistance to Saudi Arabia, according to a copy of a document seen Continue Reading
Iraq’s total oil production fell by about 70,000 barrels per day (bpd) in February as the government took measures to cut output in line with an OPEC agreement. The federal Continue Reading
It was a quiet day in January, and many oil traders were still on holiday, when two sources in the industry called to alert me to something unusual – a Continue Reading
Saudi Arabia’s national oil company has agreed to buy a 70% stake in Saudi Basic Industries Corp., the kingdom’s petrochemicals firm, for $69.1 billion, giving Crown Prince Mohammed bin Salman’s Continue Reading
The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired Continue Reading
US sanctions on Iran’s oil sector and the waivers of said sanctions are causing rifts among the US administration—pitting the National Security Council and the US State Department against each Continue Reading
The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible Continue Reading
Bayelsa State Governor, Mr. Seriake Dickson has lamented the environmental despoliation in the Niger Delta saying the region records about 40 million litres of oil spill annually as against 4 Continue Reading
Think about energy generation in the Middle East and you probably think of oil. But in fact, the region is at the forefront of the race to decarbonize energy production. Continue Reading
Venezuela’s largest oil-exporting terminal Jose is not working after a power outage that happened on Monday. Reuters reports the port has yet to resume normal operations, noting the last vessel Continue Reading
Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who Continue Reading
Electrification looms large on the horizon as an inevitability for medium range commercial vehicles especially in urban delivery applications, yet, the safe adaptation of it in long haul road transport Continue Reading
While China may be the world’s largest market for electric vehicle sales, Chinese car buyers have a new love affair: pickup trucks. As in the U.S., pickups are ideal for Continue Reading
Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the Continue Reading
BP’s plan to sell its interest in a half-million acres (202,340 hectares) of land in Wyoming dotted with 2,000 oil and gas wells has been put on ice. Over 4 Continue Reading
U.S. crude oil stocks rose unexpectedly last week after a fire disrupted movements on the Houston Ship Channel and slowed exports, while gasoline and distillate inventories fell more than forecast, Continue Reading
Summary of Weekly Petroleum Data for the week ending March 22, 2019 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 22, 2019, Continue Reading
Although nuclear is often touted as an ultra-efficient and therefore affordable as well as clean alternative to fossil fuels, some states are beginning to discover that this is not necessarily Continue Reading
Power sector coal stocks lowest since September 2005 Lowest bituminous stocks in over 15 years Houston — US coal inventories in the power sector were at a 13-year low of Continue Reading
Next-generation electric motor company Linear Labs (LL) closed a $4.5-million seed round led by Science Inc. and Kindred Ventures with participation from investors Chris and Crystal Sacca, Ryan Graves of Continue Reading
The quarterly survey of executives from E&P and oilfield services firms in the 11th District reveals a quarter-over-quarter increase in the business activity index. Activity in the energy sector increased Continue Reading
U.S. shale oil and gas explorers are once again in the limelight, following the International Energy Agency’s forecast that a “second” shale revolution was on the horizon. The next wave would Continue Reading
The US shale boom has made it possible for the Trump administration to take stronger positions in support of Israel, including recognizing its sovereignty over the Golan Heights because it Continue Reading
Two years after an M&A boom driven by the exit of several oil majors from the oil sands, sellers of oil and gas assets are having trouble finding buyers. With Continue Reading
The U.S. Gulf Coast is set to become a net crude oil exporting region for the first time in a quarterly basis, signaling a shift in global oil flows that Continue Reading
The European Parliament has approved EU emission performance standards for new cars and vans by 2030, intended to cut oil use in road transport and promote electric vehicles. Receive daily Continue Reading
The European Parliament, Council and Commission (the EU institutions) reached a provisional political agreement on the revised General Safety Regulation. As of 2022 a suite of 15 new safety technologies Continue Reading
Crude oil futures were stable to slightly higher in mid-morning trade in Asia Wednesday amid mixed global supply-side indicators. At 10:30 am Singapore time (0230 GMT), ICE May Brent crude Continue Reading
Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown Continue Reading
The American Petroleum Institute (API) reported a build in crude oil inventory 1.93 million barrels for the week ending March 22, coming in under analyst expectations of a 1.1-million-barrel draw. Continue Reading
Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories. Despite concerns about Continue Reading
Four of the world’s biggest traders expect the Brent oil price in 2019 to largely linger in the $60s a barrel with a slight rise in the second half of Continue Reading
In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude Continue Reading
The Trump administration has two assessments of the impact of the IMO 2020 marine fuel sulfur regulation to consider. The first was issued in January by the Energy Information Administration Continue Reading
Refiners around the world have invested about $1 billion so far to produce low-sulfur marine fuel to meet new regulations coming into force in 2020, a BP executive said on Continue Reading
Global carbon dioxide emissions rose to their highest levels last year after a surge in energy demand stoked by a strong economy and extreme weather, according to the world’s energy Continue Reading
Carbon emissions reached 33.1 gigatons last year, breaking their previous record even though the annual increase was relatively modest, at 1.7 percent, the International Energy Agency said in its new Continue Reading
